Stocks to watch for Monday
• NSE continues to keep shares of Delta Corp, Punjab National Bank and Indiabulls Housing Finance in the list of restricted securities under the F&O segment for Monday's trade as they have crossed 95% of the market-wide position limit.
Here is the list of top 10 stocks that will be in focus today:
Adani Enterprises: The Adani Group has increased the borrowing limit of its airport arm - Adani Airport Holdings (AAHL) from ₹14,000 crore to ₹16,500 crore - to fund the expansion of its eight airports across the country, according to a report. AAHL's total borrowing stood at ₹8,319.89 crore as of March 31 this year, according to its annual financial statement. At least 90 per cent of these loans have been taken from other Adani group companies.
State Bank of India: State Bank of India on Friday raised ₹10,000 crore through its maiden infrastructure bond issue at a coupon rate of 7.51 per cent. The tenure of the bond has been fixed at 10 years. This is the largest single-infra bond sale by any domestic lender. The proceeds of the bond will be used to raise long-term resources for funding infrastructure and affordable housing segment.
NDTV: Adani Group's open offer for shares of media firm New Delhi Television (NDTV) saw subscription of nearly 32% by the end of December 2. The open offer, which began on November 22, is about to close today. Vishwapradhan Commercial along with AMG Media Networks and Adani Enterprises launched an open offer to acquire additional 26% stake in NDTV. The floor price for the Offer has been set at ₹294 per Equity Share.
Maruti Suzuki: According to the company's Senior Executive Officer, Marketing and Sales Shashank Srivastava, the challenge of Maruti Suzuki India to produce 2 million units in this financial year may be a little less. However, he added, the company is still counting on an external opportunity to meet the challenge through execution of its pending orders which are around 3.75 lakh units. Earlier in August this year, Maruti Suzuki India Chairman RC Bhargava in his address to the shareholders had said that the company will challenge to produce 2 million units in the current financial year with improving semiconductor availability.
ONGC: The Kirit Parikh Committee, which has recommended minimum and maximum prices for natural gas produced from legacy fields of state-owned producers for CNG and fertilizers to moderate input prices, has asked ONGC and OIL to increase such prices by 20%. Endorsed to pay the premium. Any new gas production they add to older fields. However, this rate will be subject to a ceiling or cap value of US$6.5 per million British thermal unit until full deregulation of prices is implemented in 2027.
SJVN: State-owned SJVN Ltd on Saturday said its arm SJVN Green Energy has bagged a 200 MW solar project worth ₹1,200 crore from the Maharashtra State Electricity Distribution Company Ltd. MW solar power project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA (reverse auction) to be held on December 2, 2022," the BSE filing said.
NTPC: State-owned power company NTPC has started looking for investors to raise capital for its subsidiary NTPC Green Energy Limited. According to a report in PTI news agency, a source said that NTPC Green Energy may find an investor by March 2023. "NTPC is in the process of inducting a strategic investor for its subsidiary NTPC Green Energy Ltd. The company seeks to raise ₹2,000 crore to ₹3,000 crore through this transaction, which is expected to be completed during this financial year or by March 2023. likely to happen." the agency wrote citing a source.
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