Expiry of the December derivative series will bring in some volatility in the market. The overall trading volume is expected to remain muted due to lower investor participation amid year-end holidays.
Following are the stocks that will be in the limelight in trade:
KFin Technologies: Shares of the company will debut on the bourses on Thursday. According to the gray market trends, the stock is slated to see a tepid listing as it was trading at a discount of Rs 5 to the issue price in the unofficial market. The share will likely open around the lower band of Rs 347 or at a further discount. The IPO was priced in the range of Rs 347-366 apiece.
State Bank of India: The country’s largest lender, said on Wednesday it will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees ($1.21 billion) during fiscal year 2023.
Bank of India: The bank has further invested Rs 1.13 crore in PSB Alliance Private Limited. This takes its total stake in PSB Alliance to 8.33% from 7.14%. PSB Alliance is a company set up by all the public sector banks to offer both financial and non-financial banking services at customers’ doorstep.
Tata Power: The company’s subsidiary Tata Power Renewable Energy has bagged a contract from Tata Power Delhi Distribution Limited for setting up a 255 MW hybrid wind and solar power project in Karnataka.
Sheela Foam: The maker of popular mattress brand Sleepwell, is in advanced talks with rival Kurlon to acquire its business, according to industry sources. If it goes through, the deal will help Sheela Foam expand its business in south, west and other markets of India where Sudhakar Pai-led Kurlon has a strong presence, a source said.
Gujarat Gas: CRISIL Ratings has upgraded the long-term credit rating to ‘AAA’ from ‘AA+’ as it expects the company’s credit risk profile to improve.
Tata Steel: The company will acquire stake in Tata Steel Advanced Materials by subscribing to shares on a preferential basis for Rs 14.8 crore.
JSW Energy: The company has completed acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.60 crore through insolvency proceedings.
Advani Hotels and Resorts: The company’s shares will trade ex dividend with respect to its interim dividend of Rs 2 per share. A day before the ex-dividend date, shares of the hotel company traded lower at Rs 86.5 per share.
Amarnath Securities: The board will meet to consider and approve financial results of the quarter and half year ended September 30, 2022.
Puravankara: The board of the company will meet to consider and approve the proposal for issuance of non-convertible debentures by way of private placement in one or more tranches. .
AF Enterprises: The finance company will be mulling fundraising through rights issue of shares. Ahead of the board meeting, shares of the company were locked in the 5% upper circuit.
Jayatma Enterprises: The company’s board meeting is scheduled to consider and approve the fresh valuation report for the purpose of merger of certain businesses of the company.
Retro Green Revolution: The board of tea and coffee company will meet to consider fundraising through preferential issue of shares.
RO Jewels: The company’s board meeting is scheduled to consider bonus share issue and stock split. In the run-up to the meeting, shares of the diamond and jewelry company hit 5% upper circuit.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
.