Wipro, Ola Electric, M&M, IPCA Labs, Natco Pharma, Angel One, other stocks to track on November 27
Share Market News, Stocks to Track: Domestic equity benchmarks Nifty 50 and Sensex took a breather on Tuesday following a rally that spanned two back-to-back sessions. Selling pressure in select auto and pharmaceutical stocks kept a lid on the upside in a choppy session. Here are a few stocks worth tracking during the next trading session on Dalal Street.
Share Market News, Nifty 50/Sensex/BSE 500 Stocks to Track: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session with minor losses on Tuesday as selling pressure in auto and healthcare stocks offset buying interest in spaces like IT and FMCG. Both headline indices closed 0.1 per cent lower after moving into negative territory for much of the day following positive moves in the first hour of trade. The Sensex lost 105.8 points to end at 80,004.1 while the Nifty50 shed 27.4 points to settle at 24,194.5.
Here are a few stocks worth tracking during the next trading session on Dalal Street.
RailTel in focus; here is why
Telecom infra company RailTel's home internet service arm, RailWire has launched a new service plan bundled with OTT content platforms.
RailTel has said that Freedom Plan, an OTT bundled home internet plan, provides the subscriber access with access to quality entertainment.
Happiest Minds, Natco Pharma among stocks set to trade ex-dividend
A number of stocks are scheduled to trade ex-dividend on Wednesday.
These are: Happiest Minds, Ingersoll Rand (India), Natco Pharma, IPCA Labs, Khazanchi Jewellers, Multibase India, Padam Cotton Yarns, Pearl Global Industries, Scanpoint Geomatics, SIEL Financial Services, and Bhatia Communications & Retail.
Siemens quarterly profit jumps 45%
Tech firm Siemens has registered a 45 per cent jump in its net profit to Rs 775 crore for the July-September quarter. Its quarterly revenue has increased 11 per cent to Rs 5,894 crore, according to a regulatory filing.
Wipro extends partnership with Italian firm
Wipro has announced a four-year extension of its partnership with Italian automotive solutions provider Marelli to focus on Cloud transformation. Wipro FullStride Cloud will transition Marelli's Milan Data Centre and local server rooms to the cloud, thus centralising its operations to create a more agile and stable environment, according to a statement.
Vedanta Resources raises $800 million
UK-based Vedanta Resources, the parent of Vedanta Ltd, has raised $800 million from global investors through a new bond issue. The parent plans to use the proceeds to prepay its outstanding debt due in 2028.
Vedanta Ltd aims to invest $2 billion in significant copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned arm of Vedanta Ltd, has signed a pact with the Ministry of Investment and Ministry of Industries & Mineral Resources of the Kingdom of Saudi Arabia to set up a 400 kilotonnes per annum (KTPA) greenfield copper smelter and refinery, and a 300 kilotonnes per annum (KTPA) copper rod project.
All eyes on NTPC
NTPC Green Energy, a subsidiary of state-owned NTPC, has said that its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company. The two parties have launched Mahagenco NTPC Green Energy Pvt Ltd (MNGEPL), which will develop, operate and maintain renewable energy parks in Maharashtra, according to a statement.
Meanwhile, NTPC Green Energy shares are set to enter the secondary market on Wednesday. Read more on NTPC Green Energy listing
Investors continue to stare at Adani group stocks
Wild swings in Adani group stocks don't seem to be over yet. On Tuesday, all Adani group stocks ended lower, with Adani Green Energy closing 7.1 per cent lower. Read more on Adani stocks here | Fitch places Adani stocks on 'watch negative' list
Ola Electric forays into CVs
Ola Electric has announced its foray into the commercial segment with the launch of its Gig range of scooters with an introductory price of Rs 39,999.
Angel One's AMC arm gets Sebi nod to start MF business
Angel One's subsidiary, Angel One Asset Management Company has received market regulator Sebi's approval to begin mutual fund operations. With this approval, Angel One marks its foray into the asset management space.
Mahindra launches BE 6e and XEV 9e
Mahindra has expanded its electric vehicle lineup with the launch of the BE 6e and XEV 9e. The BE 6e is priced at Rs 18.90 lakh and the XEV 9e at Rs 21.90 lakh (both ex-showroom Chennai).