Stocks to watch: Adani Enterprises, NDTV, Maruti Suzuki, SBI, ONGC and more

As they have exceeded 95% of the market-wide position limit, NSE continues to keep Delta Corp, Punjab National Bank, and Indiabulls Housing Finance stocks on the list of prohibited securities under the F&O segment for Monday trading.


The top 10 stocks that will be the subject of today’s attention are listed below:

Adani Enterprises: According to a report, the Adani Group has expanded the borrowing capacity of Adani Airport Holdings (AAHL), its airport business, from ₹14,000 crore to ₹16,500 crore in order to pay for the expansion of its eight airports across the nation. According to AAHL’s annual financial statement, as of March 31 this year, the total amount of borrowings was ₹8,319.89 crore. The Adani Group entities have provided at least 90% of these borrowings.

State Bank of India: State Bank of India issued its first infrastructure bond on Friday, raising ₹10,000 crore at a coupon rate of 7.51 percent. Ten years will be the bond’s duration. It is the biggest infrastructure bond offering ever made by a domestic lender. The bond’s proceeds will be used to increase long-term funding sources for infrastructure and the affordable housing sector.

NDTV: By the end of December 2, nearly 32% of the shares of the media company New Delhi Television (NDTV) had been subscribed to the Adani Group’s open offer. The November 22 open offer is scheduled to end today. To buy an additional 26% share in NDTV, Vishvapradhan Commercial, AMG Media Networks, and Adani Enterprises filed an open bid. The ₹294 per equity share floor price for the offer has been established.

Maruti Suzuki: According to firm Senior Executive Officer, Marketing & Sales Shashank Srivastava, Maruti Suzuki India’s goal to produce 20 lakh vehicles this year may fall just short. However, he added that the business is still relying on a remote possibility to meet the challenge through the fulfilment of its outstanding orders, which total about 3.75 lakh units. As semiconductor supply has improved, Maruti Suzuki India Chairman RC Bhargava announced in his address to shareholders earlier this year that the business will aim to build 20 lakh units in the current fiscal year.

ONGC: The Kirit Parikh Committee preferred paying ONGC and OIL a premium of 20% over such price for any new gas production they add from old fields. The committee had recommended a floor and ceiling price for natural gas produced from legacy fields of state-owned producers to restrain input prices for CNG and fertiliser. However, until full price deregulation is enacted in 2027, this rate would be subject to a ceiling or cap price of USD 6.5 per million British thermal units.

SJVN: State-owned SJVN Ltd. said on Saturday that its subsidiary SJVN Green Energy has secured a 200 MW solar project from Maharashtra State Electricity Distribution Company Ltd. for a total of ₹1,200 crore. “Company through its wholly-owned subsidiary SJVN Green Energy Limited has bagged 200 MW solar power project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA (Reverse Auction) conducted on December 2, 2022,” a BSE filing said.

NTPC: To raise money for its subsidiary NTPC Green Energy Ltd., the state-owned power company NTPC is looking for investors. An investor may be found for NTPC Green Energy by March 2023, a source told the PTI news agency. “NTPC is in the process of roping in a strategic investor for its subsidiary NTPC Green Energy Ltd. The company wants to raise 2,000 crore to 3,000 crore through this transaction, which is likely to be completed during this fiscal year or by March 2023,” the agency wrote citing a source.

GMR Airports Infrastructure: According to rating agency India Ratings & Research, which was cited by PTI, GMR Hyderabad International Airport Ltd (GHIAL) wants to raise ₹1,250 crore through non-convertible debentures to be used for prepaying the USD bonds expiring in April 2024 or February 2026. The bullet maturities for the USD bonds, according to the rating agency, are April 2024, February 2026, and October 2027. As of September 20 of this year, GHIAL owed ₹7,050 in bonds worth USD 950 million.

Zydus Lifesciences: On December 1st, the United States Food and Drug Administration (USFDA) officially authorised Zydus Lifesciences Limited to distribute Topiramate extended-release capsules. The Topiramate Extended-Release pill is indicated to prevent and control seizures in patients with epilepsy, according to the business, which made this announcement. It may also be used to stop migraines from occurring. The group’s formulation manufacturing facility in Ahmedabad SEZ, India, will produce the medication.

SpiceJet: According to news agency PTI, commercial airline SpiceJet anticipates operational improvements and restructuring benefits in the current quarter of FY 2022–23. The budget airline saw its net loss increase to ₹789 crore in the June quarter as it sought to raise $200 million. The company attributed the loss to high fuel prices and rupee depreciation.