LIC, Maruti Suzuki, Tata Motors, TCS, BPCL, Lupin, Wipro, IndiGo: Stocks to watch on Wednesday

Stock to watch: At around 8:07 a.m. on Wednesday, November 22, the GIFT Nifty futures traded with a positive bias, up 0.16 per cent or 32.5 points, at 19,862.5, suggesting a positive start to trading on Dalal Street.

Domestic equity indices Sensex and Nifty ended higher on Tuesday, November 21, after a rebound in financials and oil and gas stocks, thereby snapping a two-session losing streak.

The NSE Nifty 50 index ended 0.45 per cent or 89.4 points higher at 19,783.4 points, while the S&P BSE Sensex finished 0.42 per cent or 275.62 points higher at 65,930.77.

Zee Business has curated a list of stocks that can be in focus on Wednesday, November 22:

LIC:

Insurance behemoth Life Insurance Corporation of India has increased its shareholding in public sector lender Bank of Baroda from 25,77,78,275 to 26,02,17,275 equity shares, crossing its shareholding of 5 per cent of the paid-up capital of the said company.

Tata Motors:

Shares of Tata Motors will be in focus after the company announced the sale of commercial vehicles in Thailand.

Maruti Suzuki:

The company's board will mull the allotment of 1,23,22,514 equity shares of the company to SMC on a preferential basis on November 24, as per its filing.

Lupin:

Lupin shares will be in focus on Wednesday after the company received approval from the United States Food and Drug Administration (USFDA) for its Pitavastatin tablets. The product will be manufactured at Lupin’s Pithampur facility in India.

Exide Industries:

Investors should look out for shares of the battery manufacturer as it has made a further investment of Rs 100 crore in its subsidiary, Exide Energy Solutions.

Tata Consultancy Services (TCS):

The Tata Group company's petition in the EPIC Systems Corporation matter was rejected by the United States Supreme Court, and the company will have to pay a punitive damages award of USD 140 million or Rs 1166 crore , as per the District Court of Wisconsin order.

The company intends to make the balance provision of approximately USD 125 million in its financial statements an exceptional item for the third quarter and nine months ending December 31, 2023.

BPCL:

Bharat Petroleum Corporation shares will be in focus as the company said that it would consider the proposal of the declaration of an interim dividend and the fixation of the record date in a board meeting on November 29.

Wipro:

The IT company has announced its collaboration with NVIDIA to help healthcare companies accelerate the adoption of generative artificial intelligence (gen AI) through AI-driven strategies, products, and services.

Reliance Industries (RIL):

Chairman and Managing Director of Reliance Industries, Mukesh Ambani, said at the Bengal Global Business Summit that RIL plans to invest Rs 20,000 crore in the digital, retail, and bioenergy sectors in West Bengal.

IndiGo/Jet Airways/SpiceJet:

The airline's stocks will be in focus after domestic air traffic on November 20 touched a record high on the third day in succession.

IDBI Bank:

The centre has withdrawn the RFP or request for proposal for diluting the centre's stake in the bank in the wake of reduced interest. 

Texmaco Rail​:

The industrial products company has launched a QIP to aggregate Rs 750 crore at a floor price of Rs 135.9, which is a 8.7 per cent discount to the previous close.

Aurobindo Pharma:

The company's subsidiary has received the US approval nod for Ryzneuta.

Signature Global:

In the newly listed company, Nomura India Investment Fund Mother Fund bought 9.4 lakh equity shares at Rs 726.4 per share.

Polycab:

Goldman Sachs has intiated a buy on the firm with a target of Rs 5750 per share.

Honasa Consumer:

The company after its listing will come up with its Q2 results later today. In the pre-opening the stock traded close to its 52-week high price.

(With agency inputs) 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.