Stocks to watch- Reliance Industries, TCS, Adani Ent

Stocks to watch: Reliance Industries, TCS, Adani Ent., Maruti Suzuki, Bharti Airtel, Wipro

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded down 24 points or 0.12% at 19,824.50, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gains 89 points or 0.45% to settle at 19,783.40, while the BSE Sensex gained 275.63 points or 0.42% to 65,930.78.

Stocks to Watch on November 22 November, 2023Reliance Industries

Chairman and Managing Director, Mukesh Ambani, announced plans for a Rs 20,000 crore investment in West Bengal over the next three years.

TCS

The U.S. Supreme Court rejects TCS’s petition, upholding an earlier court verdict. TCS will make a $125 million provision in its Q3 earnings related to a case with Epic Systems Corp.

Maruti Suzuki India

The company to consider the allotment of 1.23 crore equity shares to Suzuki Motor Corp. on a preferential basis on November 24.

Adani Enterprise

Adani Defence Systems and Technologies signs agreements with Israel-based Elbit Systems, with ESL subscribing to a 44% stake in Atharva Advanced Systems and Technologies.

Auto Ancillaries Stocks

India nears an agreement with Tesla, allowing the U.S. automaker to ship electric cars to India from next year and potentially set up a factory within two years.

Lupin

Pharma major Lupin receives tentative U.S. FDA approval for its Dapagliflozin tablets, a generic of Farxiga tablets.

Texmaco Rail & Engineering

The board approves the opening of QIP on November 21, with a floor price set at Rs 135.9 apiece.

KEC International

The company secures multiple new orders worth Rs 1,005 crore.

Bharti Airtel

The Department of Telecommunications, Madhya Pradesh imposes a penalty of Rs 1.31 lakh for alleged violations of subscriber verification norms. OneWeb, a Bharti Airtel venture, receives regulatory approval to launch commercial satellite broadband services in India.

Wipro

IT major Wipro announces collaboration with NVIDIA to accelerate the adoption of generative artificial intelligence in healthcare through AI-driven strategies, products, and services.

IndusInd Bank

The bank denies reports of ‘Hindujas raising Rs 8,000 crore by pledging IndusInd stake’ as factually incorrect. Promoter entities’ current pledge at 6.87% of the paid-up share capital remains unchanged.

GMR Power and Urban Infra

The company acquires an additional 29.14% stake in subsidiary GMR Energy for $28.5 million, raising the total stake in the subsidiary to 86.90%.