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The major Indian benchmark indices may take a break today after two straight days of advances due to the global shift toward caution. The spot Nifty 50 closed yesterday at 18,132, while the SGX Nifty futures were quoted at 18,070 at 7:50 AM.
The following stocks are likely to have some trading activity on Wednesday.
NBFCs: While non-banking finance companies (NBFCs) have fared reasonably well in the face of the pandemic, they must be mindful of rising borrowing costs as a result of tightening monetary policy measures, according to the Reserve Bank of India (RBI) in its Trend and Progress Report for 2021-22.
Welspun Enterprises: The company’s board of directors will meet on December 30 to consider a proposal for a share buyback and, if applicable, to declare a dividend.
Indian Energy Exchange: The Indian Energy Exchange (IEX) announced on Tuesday the formation of a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to investigate business opportunities in the voluntary carbon market. S N Goel, Chairman & Managing Director of IEX, stated at the events that the ICX will be India’s first voluntary Carbon Exchange platform.
Reliance Industries: According to sources, Reliance Retail is now expected to convert the acquired firm into its B2B stores, which cater to bulk buyers and kirana stores, after signing a definitive agreement to acquire a 100% stake in METRO Cash & Carry India last week.
Mahindra CIE Automotive: Since its lows in mid-December, the stock of the auto component maker has gained 13% in trades. Profitability, steady growth in Indian operations, and improved capital efficiency are expected to improve the company’s margin profile and return ratios.
Capri Global Capital: The company informed the NSE that its board meeting scheduled for today, December 28, to discuss right issue stands has been cancelled.
Punjab and Sind Bank: Punjab & Sind Bank’s board of directors will meet on December 30 to discuss a proposal to raise funds.
Ruchi Infrastructure: The company’s board of directors will meet on December 31 to discuss a proposal to raise funds.
Stocks in F&O Ban: On Wednesday, three stocks were subject to a F&O ban: Balrampur Chini, Indiabulls Housing Finance, and Punjab National Bank (PNB).