Stocks to watch: Nykaa, Vedanta, Adani Enterprises, Vedanta, NDTV and more

Stocks to Keep an Eye On: Inox Green Energy Services will debut on the stock exchanges today. The fixed price for the offering is Rs. 65 per share.

On Wednesday, the Sensex and Nifty indices are expected to start the day higher due to strong global sentiment and a drop in crude oil prices.

The SGX Nifty futures were at 18,350 levels, implying an opening rise of roughly 70 points for the Nifty index.


The Dow increased by 1.2% overnight in the US, while the S&P 500 and the Nasdaq each increased by 1.36%. on Tuesday, the Nasdaq fell 1.7% and the fell 1%.

This morning’s Asian indices were uneven, with the Nikkei down 2% and the Hang Seng up 2.9 %.

Vedanta: A third interim dividend of Rs 17.5 per equity share has been declared by the firm, resulting in a loss of Rs 6,505 crore. The company announced that the dividend payout, whose record date has been set for November 30, has been approved by its board of directors.

NDTV: On Tuesday, the first day of its launch, no one responded to the open offer made by the Adani group for more shares of New Delhi Television (NDTV). On December 5, the 16.7 million share open offer priced at Rs 294 per share will expire.

Ultratech Cement: Following the Adani Group, the Aditya Birla Group-owned UltraTech Cement withdrew from the bidding process to purchase the last of Jaiprakash Associates’ cement holdings in India due to a disagreement over the assets’ valuation.

Telecom stocks: According to data from the telecom regulator, India’s total mobile subscriber base decreased by 3.6 million in September. Vodafone Idea had a loss in subscriber count even as larger rivals Reliance Jio and Bharti Airtel added consumers month over month.

Inox Green Energy Services: The business will debut on the stock exchanges today. The share price for the offering has been set at Rs. 65.

Adani Enterprises: On Friday, the business may decide to raise money through an FPO, preferential allotment (including QIP), or a mix of techniques. The share sale may raise as much as $2.4 billion, according to reports.

Wipro: The business just began delivering cybersecurity consulting services in Europe.

Nykaa: Arvind Agarwal, the CFO of Nykaa parent company FSN E-Commerce Ventures, has left his position. On November 25, Agarwal will depart the organisation and vacate his position.

Siemens: For the quarter that ended in September of FY22, the company reported consolidated profit growth of 20.7% year over year to Rs 381.7 crore, and revenue growth of 11.6% to Rs 4,657.1 crore.

Bharti Airtel: The construction of Nxtra Data’s new hyper-scale data centre in Kolkata has begun. Nxtra Data is a Bharti Airtel subsidiary. The largest data centre in East India will be developed with an investment from the corporation of Rs 600 crore, and it will serve the underserved markets of the east and north-east areas as well as the SAARC nations.

VA Tech Wabag: The board of VA Tech Wabag will meet on Friday to discuss and accept the plan for obtaining funds by issuing non-convertible debt obligations through a private placement or other means.

Tech Mahindra: LIC upped its shareholding in this company from 4.86 percent to 6.87 percent.

Infosys: To digitise and automate operations at the latter’s EV battery manufacturing facilities, the business entered into a strategic partnership with Envision AESC.

National Peroxide: As part of routine maintenance, the company’s Kalyan, Maharashtra, factory will be closed beginning on November 22, 2022.

Hindustan Motors: To increase the manufacture of environmentally friendly electric vehicles, the business has signed a Memorandum of Understanding (MOU) to expand the EV market across the border.

UPL: The business declared victory in a legal battle defending the ownership of the patent for its patented Everest crop protection agricultural ingredient.