• Cynevista, OCL Iron & Steel, and Modern Thread (India) will be among the stocks to watch on Wednesday as they declare their September quarter earnings.
Here is the list of top 10 stocks that will be in focus today:
Inox Green Energy: Inox Green Energy Services, one of the leading wind power operation and maintenance service providers, will make its market debut on Wednesday. The company's ₹740 crore initial public offering (IPO) that ended last week was fully subscribed driven by retail investors and institutional buyers. Inox Green Energy Services is a subsidiary of listed firm Inox Wind.
Adani Enterprises: Adani Enterprises Ltd is considering issuing at least $1.8 billion in new shares, according to people familiar with the matter. The group is working with advisors on a follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified because the information is private. One of the people said sales could rise to $2.4 billion.
FSN E-commerce Ventures: Arvind Agarwal, Chief Financial Officer (CFO) of Nykaa, a run by FSN E-commerce Ventures Limited, resigned from his position on November 25 as the last working day of his role, "to pursue other opportunities". for the "digital economy and start-up space," according to a filing with the exchanges. Agarwal joined the role in July 2020. The e-retailer platform is yet to make any appointment to replace Agarwal.
Vedanta: Billionaire Anil Agarwal-led mining giant, Vedanta Group on Tuesday approved third interim dividend of Rs 17.50 per share or 1750% for the financial year 2022-23. The filing by the company said that the amount of dividend would be ₹6,505 crore. The record date for the same has been fixed as Wednesday, 30 November 2022. The Mumbai-headquartered company will pay its first interim dividend of ₹31.5 per equity share for FY23 to shareholders in May 2022, followed by a second interim dividend of ₹19.5 per share. shares to eligible shareholders in July.
JSW Energy: JSW Energy has sought shareholders' approval to appoint Parth Jindal as a director on the board of the company. Parth Jindal is the son of Sajjan Jindal, the chairman and managing director of the company. According to the postal ballot notice, the remote e-voting process for the proposal for the appointment of Parth Jindal as a director will begin on November 23 and end on December 22.
Tech Mahindra: Life insurance giant in India, LIC has increased its stake in Tech Mahindra to 6.874%. Earlier, LIC held 4.863% of the paid-up capital of the IT major. LIC's stake in Tech Mahindra is said to have gone up by 2.011%. LIC raised its stake in Tech Mahindra by making open market purchases. LIC's stake in Tech Mahindra has increased from 4,73,44,343 to 6,69,25,392 equity shares in Tech Mahindra---its stake has increased from 4.863% to 6.874%.
Vodafone Idea: Shareholders of debt-ridden Vodafone Idea have approved the issuance of shares worth Rs 1,600 crore on a preferential basis to ATC Telecom Infrastructure, according to a regulatory filing. The board of Vodafone Idea Ltd (VIL) has given permission to convert dues into equity to settle dues of Rs 1,600 crore to equipment seller ATC Telecom, if the amount remains outstanding in 18 months.
Siemens: Siemens on Tuesday reported a 23 per cent rise in its net profit from continuing operations to ₹392 crore in the September 2022 quarter, mainly on the back of higher revenue. Profit after tax from continuing operations of ₹392 crore, grew by 23 percent over the corresponding period last year. The company follows the October to September financial year.
Wipro: French-based financial services company, Societe Generale on Tuesday bought 48 lakh equity shares in IT giant Wipro for ₹185.76 crore in a block deal. On the other hand, BNP Paribas Arbitrage sold a part of its stake in the company. Wipro shares performed flat on the stock exchanges. As per the block deal data on BSE, Societe Generale bought a total of 48 lakh equity shares for ₹185.76 crore at a price of ₹387 per share.
L&T: Larsen & Toubro (L&T) on Tuesday said it has bought the entire stake held by Chiyoda Corporation in L&T-Chiyoda Ltd for ₹75 crore. L&T-Chiyoda Limited (LTC) is a joint venture between L&T and Japan-based Chiyoda Corporation (Chiyoda). The procurement is likely to be completed by the end of next month, the engineering and construction group said in a regulatory filing.
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