Delta Corp, PVR INOX, Paytm, BEL: Stocks to watch on Thursday

Stocks to watch on Thursday: At 08:14 AM, GIFT Nifty traded 23.5 points, or 0.11 per cent lower at 21,036.5, indicating a negative start for domestic equities on December 7, Thursday.

On Wednesday, the NSE Nifty 50 index ended 82.6 points or 0.4 per cent higher at 20,937.7—record closing highs for the fourth straight session—while the S&P BSE Sensex finished the day with a gain of 357.59 points or 0.52 per cent at 69,653.73.

Here are some stocks that will be in focus on Thursday, December 7:

Delta Corp

Deltatech Gaming Limited, a subsidiary of Delta Corp., got interim relief in the Goods and Services Tax (GST) demand case.

The company received a GST notice of Rs 6,236.1 crore for January 2018 to November 2022 and a GST notice of Rs 6,236.1 crore for July 2017 to October 2022.

PVR INOX

The company launched another 4-screen multiplex at Keshar Towers at Race Course Road, Gwalior. With this launch, PVR INOX now operates the largest multiplex network with 1,709 screens across 358 properties in 113 cities (India and Sri Lanka).

One 97 Communications (Paytm)

After RBI's risk weight has been increased concerning personal loans, the company will focus on offering higher-ticket-size loans. Global brokerages, including the likes of Goldman Sachs, CLSA, and JP Morgan, have downgraded the stock.

TCS/ GNFC

The buyback offer for Tata Consultancy Services and Gujarat Narmada Valley Fertilizers & Chemicals will close on December 7.

HAL

Hindustan Aeronautics (HAL) will showcase its aviation-related electronic product portfolio at the Avionics Expo 2023. 

Bharat Electronics (BEL)

The company informed bourses through its regulatory filing that it had received orders worth Rs 3,915 crore. With the above, cumulatively, BEL has received orders worth Rs 18,298 crore in the current financial year.

Bharti Airtel:

Warburg Pincus, in a bulk deal, may offload a stake in the telecom major valued at Rs 1,758 crore. The floor price is decided at Rs 1005, which is at a discount of 1.8 per cent to the current market price.

IDFC First Bank

The private lender in a block deal is seen to dilute 1.3 per cent equity in the firm. The deal will be executed at a discount of 5.8 per cent to the current market price, which is Rs 90.4 per share.

IRCON International

The centre, through an OFS, will be selling its eight holdings in the railway firm. The base offer includes 4 per cent with a greenshoe option of an additional 4 per cent. Today, the OFS will be launched for the non-retail investor category. The government holds 73.18 per cent equity in the company.

Brigade Enterprises

The real estate player will launch the Ibis Styles Hotel in Mysuru. The company plans to start with a 130-room Ibis Styles Mysuru by Q3 FY25. Alongside this, the company will also develop premium office space in Bengaluru as part of the Central Business District JV.

Auto stocks in focus

Tata Motors is now at the second spot after Maruti Suzuki in market share, pipping its rival Hyundai. M&M, on the other hand, will increase prices beginning in January of the new year. 

OMC stocks/ paints/ tyres and chemical stocks:

Crude oil prices have hit a 6-month low after WTI crude slipped below $70 per barrel for the first time since June.

Sugar stocks

Raw sugar prices have hit a five-month low after prices have declined 7 per cent. 

Patanjali Foods/ Thomas Cook/ MMTC:

The price band for as many as 438 stocks has seen a change, with the price band lifting from 5 per cent to 10 per cent for Patanjali Foods, Thomas Cook, and MMTC. For other stocks, the price band has increased for Adani Green Energy, Adani Total Gas, and FACT to 20 per cent from the earlier 10 per cent.

(With PTI inputs.)