Stocks to watch- HDFC Bank, Sun Pharma, Vedanta, Nestle India, IDFC First Bank, KPI Green

Stocks to watch: HDFC Bank, Sun Pharma, Vedanta, Nestle India, IDFC First Bank, KPI Green

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

Stocks in Focus: GIFT Nifty traded slightly down by 13.50 points or 0.06% at 21,470.50, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 dropped 38 points or 0.18% to settle at 21,418.65, while the BSE Sensex ended lower by 168.66 points or 0.24% to 71,315.09.

Stocks to Watch on December 19, 2023HDFC Bank

HDFC Bank raises a substantial Rs 7,425 crore through its inaugural 10-year infrastructure bond issue, securing funds at a 7.71% coupon rate.

Sun Pharma

Sun Pharmaceutical Industries acquires a 16.7% stake in Massachusetts-based Lyndra Therapeutics for $30 million, expanding its global presence.

Vedanta

Vedanta board approves a second interim dividend of Rs 11 per share, totaling Rs 4,089 crores; record date set for December 27.

Nestle India

Nestle India sets a record date of January 5 for a 1:10 stock split, determining shareholders’ entitlement post-approval on October 19.

Devyani International

Devyani International ventures into the Thailand market with the acquisition of 274 KFC outlets for Rs 1,066.10 crore; additionally invests Rs 340 crore in its Dubai-based global arm.

IDFC First Bank

IDFC First Bank receives regulatory approval from the RBI for the merger of IDFC and IDFC Financial Holding Co. with itself.

India Glycols

India Glycols secures a major order from oil marketing and oil companies for the supply of 16.55 liters of ethanol, valued at Rs 1,164 crore, under the Ethanol Blended Petrol Programme.

KPI Green

KPI Green initiates a Qualified Institutional Placement (QIP) aiming to raise up to Rs 300 crore, setting the floor price at Rs 1,245 per share, reflecting a 9.64% discount to the previous day’s closing.

Olectra Greentech

National Company Law Tribunal dismisses Olectra Greentech’s petition against MLR Motors for the recovery of Rs 10 crores.

Biocon

Biocon Biologics, a unit of Biocon, successfully completes the transition of the acquired biosimilars business across 120 countries in advanced and emerging markets.