HAL, Biocon, HPCL, Wipro: Stocks to watch out for on Friday

Stocks to watch out for on Friday: Domestic equities settled higher for the third straight session on Thursday, November 30, the last day of the futures and options (F&O) contracts for the November series. Buying in auto, financial services, pharma, realty, and FMCG counters supported the benchmark indices. 

At close, the S&P BSE Sensex settled over 86.53 points, or 0.13 per cent, higher at 66,988.44, and the NSE Nifty rose 36.55 points, or 0.18 per cent, to close the session at 20,133.15.

On Thursday, the Controller General of Accounts (CGA) released data that showed the government's fiscal deficit at the end of October touched 45 per cent of the full-year budget estimate. 

In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 8.03 lakh crore during the April-October period of 2023-24.

As per the gross domestic product (GDP) data released on Thursday, the Indian economy grew 7.6 per cent in July-September 2023 compared to 6.2 per cent in the year-ago quarter at constant prices.

Here are some stocks that will be in focus on Friday, December 1:

Kesoram Industries: 

The board approved the withdrawal of the scheme of demerger with its wholly owned subsidiary i.e. Cygnet Industries Limited.

UltraTech Cement: 

The board on Thursday approved a composite scheme of arrangement between Kesoram and UltraTech.

Biocon

The company on Thursday completed the successful integration of Viatris’ Biosimilar business in 31 countries in Europe.

Hindustan Petroleum Corporation Ltd. (HPCL)

Hindustan Petroleum Corporation Ltd (HPCL) plans to start operations at the 5 million tonne a year Chhara LNG import terminal in Gujarat in the next couple of months and has already got offers from 6-7 parties to hire capacity, a senior company official said on Thursday.

Defence stocks/HAL

Defence Acquisition Council (DAC) on Thursday approved a capital acquisition worth Rs 2.23 lakh crore to enhance the capabilities of the armed forces.

Defence and Aerospace company, Hindustan Aeronautics, got a nod from DAC for the procurement of Light Combat Helicopter (LCH) and Light Combat Aircraft (LCA) Mk 1A.

LTIMindtree

LTIMindtree partners with Metasphere to deliver smart sewer solutions. As per the filing, LTIMindtree will transform Metasphere’s next-generation wastewater monitoring solution portfolio and enable scalable delivery and platform to their customers.

Whirpool of India: 

On November 30, 2023, Whirlpool Corporation announced plans to sell up to 24 per cent of its ownership interest in Whirlpool of India Limited in 2024. 

The company currently maintains a 75 per cent ownership interest in Whirlpool India through a wholly-owned subsidiary and intends to retain a majority interest in Whirlpool India, following the completion of such transaction or transactions.

The company also acquired the Elica India business.

Wipro

Wipro announced on Thursday that it was working with Amazon Web Services (AWS) to redefine the future of lab processes in the life sciences industry.  

Delta Corp:

Shares of the gaming company has got relief in the Rs 6000 crore GST demand matter from the Calcutta High Court.

MOIL Limited:

There has been a reduction in the price of ferro grade by 5 per cent. Also, there has been a reduction in the price of EMD.

Tilaknagar Industries:

Promoter of the brewery company has redeemed 1.9 crore pledged shares. 

Oil and gas and Aviation stocks in focus:

In respect of crude oil, the centre has slashed the windfall tax from Rs 6300 to Rs 5000 per tonne. The new slashed rates are effective from today. Also, the commercial LPG rates have been increased by Rs 21. Alongside, OMCs have also cut back on the price of ATF.

ITD Cementation:

The company has secured an order of Rs 1001 crore for 500 MW hydel power pumped storage project.

HG Infra:

The company's subsidiary H.G. Varanasi -Kolkata PKG-10 highway has bagged an order from NHAI. 

Tea and coffee stocks:

The coffee futures have climbed as much as 8 per cent due to the inventory rule changes in Intercontinental Exchange (ICE).

Protean eGov Technologies:

The recent debutant has performed well in the September quarter with profit climbing 27.6 per cent YoY.