Maruti Suzuki, Tata Motors, Eicher, Zomato, Dixon, Signatureglobal, other stocks to track on Monday
Share Market News, Stocks to Track: Domestic equity benchmarks Nifty 50 and Sensex rose about 0.9 per cent each in the trading week from November 25 to November 29, driven by strong gains in financial, energy, FMCG and metal shares. As market participants await a new week on Dalal Street, here are a few stocks worth tracking on Monday, December 2.
Share Market News, Nifty 50/Sensex/BSE 500 Stocks to Track: Domestic equity benchmarks gained about 0.9 per cent each in the trading week ended November 29 amid a broad-based rally driven by strong buying in financial, energy, FMCG and metal shares. The Sensex registered a weekly gain of 685.7 points while the Nifty rose 223.9 points. Investors grew richer by almost Rs 14 lakh crore as the market capitalisation of BSE-listed companies increased to Rs 446.7 lakh crore from Rs 432.7 lakh crore during the course of the week, according to provisional exchange data.
As market participants await a new week on Dalal Street, here are a few stocks worth tracking on Monday, December 2.
Images: PTI/Pexels
Auto Stocks
Auto majors including Maruti Suzuki India, Tata Motors and TVS Motor Company have reported their sales for November.
Restaurant & hotel stocks in focus after commercial LPG price hike
State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have increased the retail prices of commercial-use LPG by about Rs 16.5 per 19 kg with effect from December 1.
Signatureglobal (India)
Realty developer Signature Global is targeting to deliver 16 million square feet area to its customers by March 2026, according to news agency PTI.
Airline Stocks in Focus
IndiGo and SpiceJet will be in the spotlight as the three OMCs have also raised the prices of aviation turbine fuel (ATF), also known as jet fuel.
Fuel costs form the lion's share of airlines' overall operating expenses.
Bonus Stock
Rajoo Engineers (RAJOOENG) shares are set to trade ex-bonus at the opening tick on Monday.
Earlier, the smallcap company announced a bonus in the ratio of 1:3 (one share for every three shares held).
Coal India
India's overall coal production has risen 7.2 per cent to 90.62 million tonnes (MT) in November, according to official data.
Zomato
Byondnxt has raised additional capital from select new investors in an exercise completed on November 30.
The shareholding of Zomato, which did not participate in the fundraise, shareholding in Byondnxt stands reduced to 6 per cent on a fully diluted basis from around 8 per cent at the time of its investment in October.
Cipla
Cipla promoters are set to offload a 1.72 per cent stake in the drug maker for Rs 2,000 crore through block deals.
Home First Finance
A 14.7 per cent stake in Home First Finance is likely to change hands through the block deal route.
Dixon Tech
Dixon subsidiary PADGET Electronics is set to produce Google Pixel smartphones.