Stocks to watch on December 2: Cipla, RBL Bank, Bajaj Finance, Tata Motors, Maruti, Hyundai India, Cochin Shipyard, Greaves Cotton, and more

India's Q2 FY25 GDP data that came way below estimates is expected to weigh on sentiment. The economic growth slowed to near a two-year low of 5.4% in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors as well as weak consumption, but the country continued to remain the fastest-growing large economy, data showed on Friday.

Approximately 1.39 crore shares could be on the block, the report added.

The two companies have signed definitive agreements to merge, subject to regulatory, corporate, and shareholders' approvals, Aster DM Healthcare (Aster) and Quality Care India Ltd (QCIL) said in a joint statement.

The merger will create one of the top three hospital chains in India in terms of revenue and number of beds with 38 hospitals and over 10,150 beds with a strong presence across South and Central India in 27 cities, it added.

Over 34 lakh users of the co-branded credit cards will continue to be served by the private sector lender and enjoy all the benefits as listed earlier, as per an official statement.

RBL Bank said it has reduced the dependence on the origination of co-brand cards with BFL (Bajaj Finance Ltd) over the last one year from 126,000 in September 2023 to 37,000 cards in September 2024.

The pact was signed through the ship-owning company established in Singapore, GAIL said in a statement.

The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co Ltd, Korea, with which the ship-owning company has concluded a shipbuilding contract.

The contract was signed in the presence of R K Jain, GAIL Director (Finance), Sanjay Kumar, GAIL Director (Marketing), and R K Singhal, GAIL Director (Business Development) by S Bairagi, GAIL Executive Director (Marketing - Shipping & International LNG) and Satoshi Kanamori, Managing Executive Officer (LNG, Carbon Solution Business), K-Line.

The project involves the development of distribution infrastructure for Package-3 in the central zone for the execution of HT/LT infrastructure loss reduction works under the reforms-based and results-linked revamped distribution sector scheme (RDSS) in Punjab.

The aviation turbine fuel price was increased by ₹1,318.12 per kilolitre, or 1.45%, to ₹91,856.84 per kl in the national capital—home to one of the busiest airports in the country, according to state-owned fuel retailers. 

This is the second straight monthly increase in jet fuel prices. 

Rates were increased by ₹2,941.5 per kl (3.3%) on November 1. 

INS Vikramaditya is an Indian aircraft carrier commissioned in the Indian Navy in November 2013. After completion of the refit, INS Vikramaditya will join the active fleet of the Indian Navy with upgraded combat capability.

The said orders include the supply of towers, hardware, and poles for projects in the Americas, while another order includes 220 kV transmission lines in the Commonwealth of Independent States (CIS).

Auto stocks

Total motorcycle sales were down 3.50% at 4.26 lakh units against 4.41 lakh units (YoY).

Its total exports were up 30% YoY. 

VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 5,194 units in November 2023, Eicher Motors said in a regulatory filing.

Total domestic sales were up 1% at 73,246 units last month as against 72,647 units in November 2023, Tata Motors said in a statement.

Total passenger vehicle (PV) sales, including EVs, were at 47,117 units as compared to 46,143 units in the year-ago month, up 2%, it added.

The automaker had dispatched 65,801 units to its dealers in November last year, the automaker said in a statement.

Domestic sales declined 2% year on year to 48,246 units last month as against 49,451 units in the year-ago period. Exports declined 20% year on year to 13,006 units last month.

The automaker had dispatched 1,64,439 units to its dealers last November last year.

Total domestic passenger vehicle wholesales were at 1,41,312 units as compared with 1,34,158 units in the year-ago month, a growth of 5%, it added.

MSI said its exports last month stood at 28,633 units as compared to 22,950 units in the same month last year.

YESINTEK, a monoclonal antibody, is approved for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis.