stock market advisory services- Stocks in news: Swiggy, Wipro, Torrent Power, Ambuja Cements, Tata Power, BPCL

Domestic markets started the week positively, rising over half a percent. Shares of Swiggy, Wipro, Tata Power, and others will be in focus due to various developments such as financial reports, legal challenges, partnerships, and acquisitions. Bajaj Finance and BPCL also made significant moves.



Domestic markets started the week on a positive note, rising over half a percent despite mixed signals. In today's trade, shares of Swiggy, Wipro, Torrent Power, Ambuja Cements, Tata Power, BPCL among others will be in focus today due to various news developments.

Shares of Swiggy will be in focus today as the food delivery company will release its financial results for the second quarter ended September. This is the first quarterly report of the company since its IPO.

Home First Finance

BofA, Goldman Sachs, Citigroup among others bought shares of Home First Finance in a block deal worth Rs 1,100 crore.

Tata Power

The Delhi High Court has sought response from the Central government and others on a petition by Tata Power challenging the coal ministry’s nominated authority’s order that reduced compensation payable to the company in a matter arising from the deallocation of the Mandakini Coal Block in Odisha.

Bajaj Finance

Bajaj Finance could possibly also terminate its co-branded card partnership with DBS Bank after a similar decision to end larger partnership with RBL Bank last week, according to Motilal Oswal.

Ambuja Cements

Adani Group's Ambuja Cements on Monday announced a partnership with Finland-based technology and engineering company ‘Coolbrook’, the company said in an exchange release.

Shriram Properties

Market regulator Sebi has cleared the indirect acquisition of Shriram Properties by the company's Chairman and Managing Director Murali Malayappan.

Wipro

Shares of Wipro will be in focus today as the company will trade ex-bonus with respect to the 1:1 bonus issue of shares announced earlier. The IT major had fixed December 3 as the record date for the same.

Torrent Power

Torrent Power launched its qualified institutional placement (QIP) issue and has set the floor price at Rs 1555.75 per equity share.

Cipla

Cipla founders Samina Hamied and Rumana Hamied sold 1.72% stake in the company for Rs 2,111 crore. The shares were sold at an average price of Rs 1,518.75 per share.

Solar Industries

Solar Industries has bagged an export order worth Rs 2,039 crore for supply of defence product. 

KEC International

Bangladesh Tax Tribunal dismissed KEC International's appeal against Vat Demand. It will challenge the VAT order in Bangladesh High Court.

BPCL

BPCL signed an MoU with Coal India for setting up a coal to synthetic natural gas project at Western coalfields through surface coal gasification.

Protean eGov Tech

Protean eGov Tech bags order worth Rs 161 crore from Central Registry of Securitisation Asset Reconstruction and security energy of india. 

Pricol

Pricol to acquire plastic component division of Sundaram Auto Components for Rs 215.3 crore, board approves investment of up to Rs 120 crore in Pricol Precision Products.

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