Infosys, Sterling & Wilson, PB Fintech, Abans Holdings: Stocks to watch on Friday

Stocks to watch on Friday: At 08:17 AM, GIFT Nifty traded  22.5 points, or 0.1 per cent lower at 21,420.5, indicating a muted to negative start for domestic equities on December 15.

The Indian domestic indices on Thursday, December 14, finished at record highs, supported by financial and information technology (IT) stocks. Bulls took the D-Street to fresh peaks on Thursday as a global rally spilled over to regional markets after the US Federal Reserve flagged the end of its tightening cycle and bolstered expectations of a rate cut in March 2024.

The NSE Nifty 50 index ended 256.35 points, or 1.23 per cent, higher at 21,182.7, and S&P BSE Sensex finished the day with a gain of 929.6 points, or 1.34 per cent, at 70,514.2- both record closing highs- after scaling record highs during the session. The high-beta Nifty Bank finished the day 640.05 points, or 1.36 per cent, higher at 47,732.3.

Here are some stocks that will be in focus on Friday, December 15:

Infosys:

The company's board will discuss Q3 results in a meeting on January 11. 

Panacea Biotec: 

The company launched the world’s first fully liquid wP-IPV-based Pentavalent vaccine, EasyFourPol, in India. It also got registration of Valganciclovir 50 mg/ml Powder for Oral Solution by its arm, Panacea Biotec Germany GmbH, in Germany. 

Sterling and Wilson Renewable Energy:

The company received a settlement amount of $30.54 million (approx Rs 254.20 crore) from Jinko Solar Co. 

IRB Infrastructure Trust: 

The company emerged as a preferred bidder for the project of tolling, operation, maintenance, and transfer of Kota Bypass and Cable Stay Bridge. 

PB Fintech: 

The company informed that Income Tax officials visited Paisabazaar Marketing and Consulting, a subsidiary of PB Fintech Limited, and inquired about certain vendors of Paisabazaar. 

Further, it said the business operations of Paisabazaar continued as usual and did not impact due to the survey proceedings.

Panama Petrochem:

The company executed a conveyance deed, which is a document that transfers ownership of an asset from one party to another, with Macrotech Developers Limited for a total consideration of over Rs 16 crore. 

Magellanic Cloud:

The company and its subsidiary, iVIS, secured an order from a well-known public sector bank for the end-to-end implementation and management of e-surveillance services for 2000 ATM sites across India.

Abans Holdings: 

An order by the Securities and Exchange Board of India (Sebi) to cancel the certificate of the registration of Abans Commodities was stayed by the Securities Appellate Tribunal (SAT).

KFin Technologies:

General Atlantic Singapore fund will offload 10 per stake in the company via a block deal. The floor price is pegged at Rs 490, a 7.9 per cent discount to the previous day's closing. 

PVR:

Private equity player will dilute as much as 2.3 per cent stake or around 23 lakh shares in the multiplex operator in the price range of Rs 1750-1770 per share. 

Satin Creditcare:

The microfinance company has launched a Qualified Institutional Placement or QIP with a floor price set at Rs 242.81 per share. This is a 2.3 per cent discount over the current price of Rs 248.45 per share.

M&M Finance: 

The NBFC company has received the board's approval to foray into the insurance business. Furthermore, it will function as the corporate agent.

IRB Infrastructure:

IRB Infrastructure Trust has been declared as the preferred bidder for NHAI's TOT 13 concession project in Rajasthan and MP. With this project, the company's order book will expand by Rs 1800 crore.

Mazagon Dock:

The defence company with an outlay of Rs 20,000 crore will develop 3 new Kalvari class submarines. 

Biocon: 

As per newspaper reports, the biotech company may sell its API business which is valued at around $1.5 billion. 

Fusion MicroFinance:

Yesterday Warbug Pincus' Honey Rose Investment sold 64.57 lakh shares in the company via a bulk deal. 9 other buyers in the counter include Stanley, Societe Generale , Mirae Asset MF, HDFC MF, ICICI Prudential MF etc.

Anant Raj: 

The real estate company's board has approved to raise Rs 75 crore through the preferential issue route. The company will mop up Rs 25 crore via equity and the balance through warrants. 

Genus Power:

The company's subsidiary has bagged an order worth Rs 1026.31 crore for smart meters. With this, the company's order book stands at Rs 20,000 crore.

Texmaco Rail:

The industrial products company has received an order valuing Rs 1374.4 crore from the railways ministry for the construction of wagons.

Mankind Pharma:

As the changes to the FTSE will become effective from today's close, Mankind Pharma will see inclusion in large cap index, FTSE all world index and FTSE all cap Inclusion.

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