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Business News/ Markets / Stock Markets/  Stocks to Watch: HDFC Bank, SBI, Bank of India, Bharti Airtel, Mamaearth
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Stocks to Watch: HDFC Bank, SBI, Bank of India, Bharti Airtel, Mamaearth

Delta Corp, Indiabulls Housing Finance, India Cements and Zee Entertainment Enterprises are in the F&O ban list for 6 December.

On Tuesday, the Sensex rallied 431 points to 69,296, while the Nifty50 climbed 168 points to end at 20,855. (File Photo: AP)Premium
On Tuesday, the Sensex rallied 431 points to 69,296, while the Nifty50 climbed 168 points to end at 20,855. (File Photo: AP)

New Delhi: Following are the stocks that will likely be in focus in Wednesday's trade:

HDFC Bank: The private sector lender has sought approval from shareholders for re-appointment of Sashidhar Jagdishan as managing director and chief executive officer of the bank and the appointment of V Srinivasa Rangan as executive director of the bank. 

State Bank of India: India's largest lender, State Bank of India, is acquiring 20% stake in SBI Pension Funds for 229.5 crore. The stake is held by SBI Capital. With this transaction, the lender's stake in SBI Pension Funds will hit 80%.

Bharti Airtel: Has received an order for penalty of 3.95 lakh under the CGST Act. The company said it does not agree with the order and will take appropriate action.

Bank of India: The public sector lender has launched a qualified institutional placement (QIP) at floor price of 105.42 rupees apiece, it said in a regulatory filing on Monday. It is reportedly looking to raise up to 4,500 crore.

Canara Bank: The public sector will likely issue AT-1 bonds in December to raise up to 2,000 crore to 3,000 crore. The issue is likely to have a call option at end of five years. Canara Bank last raised 2,000 crore in September 2022 through AT-1 bonds at 7.99% coupon.

Honasa Consumer: Fireside Ventures Investment Fund I has offloaded 230.15 crore worth of shares in Honasa Consumer, the parent company of the beauty and personal care products brand Mamaearth. About 60.88 lakh shares were sold at an average price of 378 apiece. 

Ashok Leyland: Has raised its stake in Switch Mobility's holding company to 92.19% from 91.63%. It had deployed around 662.5 crore as the first tranche of a planned 1,200 crore investment.

Somany Ceramics: Has fixed 15 December as the record date for its 125 crore share buyback at 850 apiece.

Power Grid Corp: Has emerged as the successful bidder to set up an inter-state transmission system project in Gujarat. The project comprises setting up a new 765/400kV switching station at Vataman in Ahmedabad, three 765kV D/C transmission lines, as well as extension works at Navsari and Halvad substations.

Eicher Motors: Royal Enfield, part of Eicher Motors, on Tuesday said it has ventured into the pre-owned bike segment. Royal Enfield has introduced Reown, a new company-operated, pre-owned motorcycle business venture, that allows existing and prospective customers to buy or sell their Royal Enfield motorcycles, and exchange their motorcycles and upgrade to a new bike with ease.

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Published: 06 Dec 2023, 07:23 AM IST
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