Stocks in Focus on November 19: Hero MotoCorp, M&M, TCS, SpiceJet to Vedanta; here are the 5 Newsmakers of the Day

The domestic equity benchmarks ended around 0.50 per cent higher after a volatile session on Wednesday, November 18, 2020. Sensex crossed 44,000-mark, while Nifty finished above 12,900-level. The S&P BSE Sensex gained 227.34 points or 0.52 per cent at 44,180.05. Similarly, the Nifty 50 index added 64.05 points or 0.50 per cent to end at 12,938.25. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, November 19, 2020. List of such five stocks:

Hero MotoCorp: The two-wheeler manufacturer Hero MotoCorp has sold more than 14 lakh units of motorcycles and scooters in retail sales during the festive season that concluded last week. Sales were 2% down this year in the festive season when compared to the festive season of last year, i.e. 2019. Hero MotoCorp claims that its market share has grown by more than 500 bps in October. The sales during the festive period have enabled the company to reduce the vehicle stocks at its dealerships to less than four weeks.

Mahindra and Mahindra (M&M): There are reports that M&M has plans to make 10 group companies public in the next 5-7 years. There are also plans to sell some of the loss-making companies.

Buyback plans

TCS: India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday approved it buyback plan at Rs 3,000 per share for an aggregate amount not exceeding Rs 16,000 crore. It has fixed Saturday, November 28, 2020, as the record date to determine the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.

Wipro Ltd: IT services major Wipro on Wednesday approved its buyback plan worth Rs 9,500 crore at Rs 400 per share. It has fixed Friday, December 11, 2020, as the record date to determine the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

Aviation Sector:

Growth in passenger Traffic:  Domestic air passenger traffic grew 34% month-on-month in October 2020. 

SpiceJet: SpiceJet will be in focus today as the US aviation regulator Federal Aviation Administration (FAA) on Wednesday lifted the ban on the flying of Boeing 737Max planes and allowed it to return to service with extensive fixes. SpiceJet has 13 Boeing 737Max planes in its fleet. 

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Vedanta: There are reports that Vedanta Resources, which failed to garner the required number of shares that was needed to delist Indian arm Vedanta Ltd in October may now make an offer to increase its stake in the company through an open offer. According to SEBI, after an unsuccessful delisting process, the promoters can raise its stake in the company through an open offer.