Stocks To Watch: Bajaj Finance, TCS, Dabur, Vedanta, Paytm, Brightcom Group, IIFL Finance, Satin Creditcare

Here are the stocks to watch before going into trade today.

<div class="paragraphs"><p>Stock market trend financial graph on a computer screen.&nbsp;(Photo: Freepik)</p></div>
Stock market trend financial graph on a computer screen. (Photo: Freepik)

Asia markets were mixed following further gains for U.S. stocks, while Treasuries pulled back as investors gauged fresh signs of resilience in the world’s largest economy.

Share benchmarks in Japan and Australia were slightly lower, while Hong Kong futures edged higher.

The S&P 500 gained 0.2%, helped along by favorable corporate earnings and bets Federal Reserve tightening has reached the peak.

Meanwhile, the yield on the 10-year U.S. bond was trading at 4.52% and Bitcoin was above 35,000-level. Brent crude was below $82 a barrel, whereas WTI Crude was above $76-mark.

At 5:41 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India was up 34 or 0.17% at 19,751.

India's benchmark stock indices staged a sharp recovery through late trade to close at a four-week high on Wednesday, led by gains in realty and IT stocks.

The S&P BSE Sensex closed 742 points, or 1.14%, higher at 65,675.93, while the NSE Nifty 50 gained 232 points, or 1.19%, to end at 19,675.45.

Overseas investors turned net buyers of Indian equities on Wednesday after 14 consecutive sessions of selling. Foreign portfolio investors mopped up stocks worth Rs 550.2 crore; domestic institutional investors also remained net buyers and bought equities worth Rs 609.8 crore, the NSE data showed.

The Indian rupee strengthened 18 paise to close at 83.15 against the U.S. dollar on Wednesday.

Stocks To Watch: Bajaj Finance, TCS, Dabur, Vedanta, Paytm, Brightcom Group, IIFL Finance, Satin Creditcare

Stocks To Watch 

  • Bajaj Finance: The Reserve Bank of India barred Bajaj Finance from lending under its “eCOM” and “Insta EMI Card” products. The regulator said that it would review the supervisory restrictions after the company rectifies the deficiencies to the RBI’s satisfaction.

  • TCS: The IT major has set Nov. 25 as the record date for its Rs 17,000 crore buyback. The company will buy back up to 4.09 crore shares for Rs 4,150 apiece.

  • Dabur: The company's two foreign subsidiaries, Dabur International and Dermoviva Skin Essentials have been removed as a defendant in multiple lawsuits filed in a U.S. court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues.

  • Satin Creditcare Network: Meeting of board of directors of the company is scheduled to be held on Nov. 20 to consider the fund raising proposal by way of issuance of listed/unlisted, secured/unsecured, non-convertible debentures on private placement basis.

  • IIFL Finance: The NBFC will invest up to Rs 200 crore in arm IIFL Samasta Finance by way of subscription to 7,47,94,315 fully paid up equity shares of face value of Rs 10 each, at a premium of Rs. 16.74 per share, through rights issue.

  • Suzlon Energy: Suzlon Group announced the RLMM listing of its S144 – 3 MW series of wind turbines which are extendable to 3.15 MW making them  a formidable force in the market. This listing marks an important  milestone for successful commercialization of the product.

  • One 97 Communications: The company announced a partnership with global travel technology company Amadeus for the next three years. It will integrate Amadeus's expansive travel platform, enhancing the travellers’ experience from search to booking, and payments.

  • Vedanta: Unit Malco Energy incorporated a new wholly-owned subsidiary in the name of ‘Vedanta Copper International VCI' in Saudi Arabia for its copper business.

  • Brightcom Group: The company approved the appointment of Brand & Associates as new statutory auditors effective Nov. 15. It seeked a 40-day extension from exchanges for filing half-yearly results due to resignation of existing auditor and subsequent appointment of a new auditor.

  • RateGain Travel Technologies: The company opened its qualified institutions placement issue on Nov. 15. The floor price has been fixed at Rs 676.66 per share.

TCS Sets Nov. 25 As Record Date For Rs 17,000 Crore Buyback

Bulk Deals 

  • ASK Automotive: Goldmansachs India Equity Portfolio bought 23.20 lakh shares (1.17%) at Rs 310.05.

Insider Trades

  • Sasken Technologies: Promoter Arti Mody bought 8,952 shares on Nov. 12.

  • SOM Distilleries & Breweries: Promoter Jagdish Kumar Arora bought 11 thousand shares on Nov.13.

  • Usha Martin: Promoter Nidhi Rajgarhia sold 3000 shares from Nov. 12. to Nov. 13.

TCS Accused Of ‘Unethical Transfer Practices’ After End Of WFH

Trading Tweaks

  • Price band revised from 10% to 5%: EMS.

  • Price band revised from 20% to 10%: Bliss GVS Pharma.

  • Ex/record date Interim dividend: Bayer Cropscience, Cigniti Technologies, Container Corporation of India, MSTC, Power Grid corporation of India, Saksoft, Sundram Fasteners.

  • Move into short-term ASM framework: Centrum Capital.

Who's Meeting Whom

  • Balrampur Chini Mills: To meet analysts and investors on Nov. 22.

  • Cochin Shipyard: To meet analysts and investors on Nov. 20.

  • Redington: To meet analysts and Institutional investors on Nov. 20 and 21.

  • Antony waste handling cell: To meet analysts and Institutional investors on Nov. 20.

  • Nazara Technologies: To meet analysts and Institutional investors on Nov. 21.

  • Thyrocare: To meet analysts and investors on Nov. 21.

  • Indiamart:  To meet analysts and Institutional investors on Nov. 22.

F&O Cues

  • Nifty November futures rose 1.16% at 19,723.60, at a premium of 48.15 points.

  • Nifty November futures open interest rose by 3.51% by 7920 shares.

  • Nifty Bank November futures rose 0.91% to 44,412.85, at a premium of 211.15 points.

  • Nifty Bank November futures open interest fell by 5.71% by 9437 shares.

  • Nifty Options Nov. 16 Expiry: Maximum call open interest at 19,800 and maximum put open interest at 19,600.

  • Nifty Bank Options Nov. 22 Expiry: Maximum call open interest at 44,500 and maximum put open interest at 44,000.

  • Securities in the ban period: Delta Corp, Hindustan Copper, Indiabulls Housing Finance, MCX, Sail, Zee Entertainment

Stocks To Watch: Bajaj Finance, TCS, Dabur, Vedanta, Paytm, Brightcom Group, IIFL Finance, Satin Creditcare