Stocks to watch: Bulls are expected to continue the party on Dalal Street on Monday, November 25, after a stellar show on Friday. At 7:54 AM, the GIFT NIFTY futures were trading 319 points, or 1.33%, higher at 24,337. This suggests that the NIFTY50 index will open 450 points higher.
Oil prices hovered near two-week highs on Monday, following 6% gains last week. Geopolitical tensions heightened between Western powers and major oil producers Russia and Iran, raising risks of supply disruption.
Here is a list of stocks that may trade actively in today's session.
ZEEL: According to an exchange filing,
ZEE Entertainment CEO Punit Goenka, who resigned from the post of Managing Director last week, has also withdrawn from reappointment for the post in the coming AGM.
Goenka, however, is retaining the CEO post.
Hero MotoCorp: Hero MotoCorp, in partnership with its American partner Zero Motorcycles, is working on its first mid-sized electric motorbike. Niranjan Gupta, CEO of Hero MotoCorp, made the announcement.
Jyoti Structures: Jyoti Structures will raise funds of up to ₹500 crore through a rights issue to the eligible equity shareholders.
The record date for the issuance will be determined and announced later in compliance with the Securities and Exchange Board of India regulations and other relevant laws, the company said.
Adani Group stocks: Shares of Adani Group companies will continue to hog the limelight on Monday. In the latest development, the US Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on US bribery allegations related to a bombshell federal indictment against him, a court filing showed.
Adani Energy: Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business.
Zomato: The online food delivery firm will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23.
The changes will take effect on December 23, 2024, the Asia Index announced on Friday.
Aurobindo Pharma: Aurobindo Pharma on Saturday said its US-based subsidiary has inked a licensing agreement with a global pharma major for the development of respiratory products.
Aurobindo Pharma USA Inc. has entered into a collaboration and licence agreement with a global pharma major for the development and commercialisation of products, the Hyderabad-based drug firm said in a regulatory filing.
The partnership is for an initial estimated development duration of three to five years, it added.
Alembic Pharma: Alembic Pharmaceuticals on Saturday said the US health regulator has issued Form 483 with five observations after inspecting its Gujarat-based manufacturing plant.
The US Food and Drug Administration (USFDA) conducted an inspection at the Jarod-based solid oral formulation facility from November 14-22, 2024, the drug firm said in a regulatory filing.
Patanjali Foods: Baba Ramdev-led Patanjali Ayurved's total income has risen by 23.15% to ₹9,335.32 crore in 2023-24, helped by other income, which includes OFS of Patanjali Foods (earlier known as Ruchi Soya) and income from other group entities, according to RoC filing by the company.
Escorts Kubota: Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10% this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan.
Cochin Shipyard: Cochin Shipyard Ltd (CSL) on Friday said it has entered into a memorandum of understanding (MoU) with Seatrium Letourneau USA, Inc. (SLET) for the design and critical equipment for jack-up rigs for the Indian market.
The company said building on CSL's experience in ship construction and SLET's technical expertise and design capabilities, the partnership aims to capitalise on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market.
RITES: Rites informed exchanges that it has received a revised estimate of ₹532 crore for an electrification project under the Northeast Frontier Railway.
The revised total cost for the project stands at ₹531.77 crore, excluding GST, which marks an increase from the original cost of ₹288.44 crore.
RVNL: Rail Vikas Nigam (RVNL) announced that its joint venture (JV), RVNL-SCPL, has received a letter of acceptance (LoA) worth ₹837.67 crore from Eastern Railway.
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