Stocks to Watch: Tata Motors, Cipla, Zomato, GMR Airports, Mazagon Dock, and Others – News18

Stocks to watch: GIFT Nifty on the NSE IX traded 2.5 points, or 0.01 per cent, higher at 21,079.50, signaling that Dalal Street was headed for muted start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.

Tata Motors: The automaker said it would increase the price of its commercial vehicles effective January 2024 by up to 3 per cent. The price increase is to offset the residual impact of past input costs and will be applicable across the entire range of commercial vehicles.

Mazagon Dock Shipbuilders: The company received an order worth Rs 1,145 crore from ONGC for laying approximately 44.4 km of subsea pipelines in 19 segments.

Ramco Cements: The company’s Kolimigundla clinker plant capacity has been increased to 3.15 MTPA from 2.5 MTPA.

REC: REC has signed a 200-million-euro loan agreement with the German bank KfW to enhance the distribution infrastructure of discoms in line with the revamped distribution sector scheme (RDSS) of the government.

Blue Dart Express: The logistics company said the board of directors has approved the purchase of two leased aircraft by Blue Dart Aviation, a wholly owned subsidiary of the company, from DHL Aviation (Netherlands), a fellow subsidiary company, for Rs 40 crore.

Cipla: Its subsidiary InvaGen Pharmaceuticals Inc is voluntarily recalling one lot of Vigabatrin for oral solution, USP 500mg, to the consumer level. Vigabatrin has been found to have seal integrity issues, allowing for powder leakage.

Linde India: As per reports, the Asia Index has decided to replace Linde India with Gujarat Gas in the S&P BSE Oil & Gas index with effect from December 18. PSP Projects: The company said it has secured a contract of Rs 101.67 crore in Gujarat.

Jubilant Industries: Jubilant Industries informed the exchanges about the sudden and sad demise of Manu Ahuja, Whole-time Director and CEO of JACPL.

Zomato: Softbank has sold 1.08% stake in food delivery company Zomato through block deals on Friday. Through the sale, the Japanese investor bagged Rs 1,125 crore.

GMR Airports: Upping its bet on India’s infrastructure story, GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market.

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