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Business News/ Markets / Stock Markets/  Stocks to Watch: ICICI Bank, PNB, Yes Bank, Dish TV, Sun Pharma, auto shares
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Stocks to Watch: ICICI Bank, PNB, Yes Bank, Dish TV, Sun Pharma, auto shares

Foreign institutional investors (FIIs) net sold shares worth ₹3,407.04 crore, while domestic institutional investors (DIIs) net bought shares worth ₹1,553.01 crore in the Indian equity market on Wednesday

On Wednesday, Nifty shed 103 points and closed at 17,221, while Sensex fell 329 points to 57,788. (Photo: Reuters)Premium
On Wednesday, Nifty shed 103 points and closed at 17,221, while Sensex fell 329 points to 57,788. (Photo: Reuters)

NEW DELHI: Here is the list of stocks that could be in focus on Thursday.

ICICI Bank: RBI has imposed a penalty of 30 lakh on ICICI Bank for deficiencies in regulatory compliance, and another 1.8 crore on Punjab National Bank. ICICI Bank was found in not complying directions related to levy of charges for non-maintenance of minimum balance in saving accounts. PNB was found in contravention of RBI provisions relating to pledge of shares.

Yes Bank: The private sector lender has filed a petition in a Mumbai company court against the family promoters of Dish TV India Ltd saying it fears that a lawsuit could be brought against the bank, limiting it from voting at Dish TV’s annual general meeting (AGM) on 30 December.

Auto stocks: Ratings agency Icra Ltd has revised lower growth forecast for the domestic passenger vehicles industry to 8-11% for the current fiscal from the earlier projected 14-17% due to chip shortages. For the two-wheeler segment, it said volumes are expected to contract 1-4% in FY22 against an earlier prediction of 6-8% growth.

Sun Pharma: Its subsidiary has received final approval from US FDA for its abbreviated new drug application (ANDA) for generic Amphotericin B Liposome for injection. As per October IQVIA Health data, AmBisome Liposome for Injection, 50mg/vial, had annualized sales of about $136 million in the US.

Adani Ports and Special Economic Zone: Has signed a share purchase agreement with Adani Transmission for divestment of 100% equity stake of MPSEZ Utilities.

Vodafone Idea: The telco is targeting a four-fold jump in annual capital expenditure to $2 billion (about 15,000 crore). The company expects equity funding, including from promoters, to be tied up by March.

Wipro: Will acquire LeanSwift Solutions, a US-headquartered system integrator of Infor Products whose service capabilities include ERP, e-commerce, digital transformation, supply chain, warehouse management systems, business intelligence and integrations.

Indiabulls Housing Finance: The company's founder is nearing a deal to sell about half his stake in the shadow lender to investors led by Blackstone Group Inc. and Abu Dhabi Investment Authority, as the sector comes out of a three-year meltdown.

PSU banks: Employees of several state-owned banks including the State Bank of India will go on a two-day strike starting today. The United Forum of Bank Unions (UFBU), which is an umbrella body of 9 bank unions has called the strike to protest the government's decision to privatise several public sector leaders.

 

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Published: 16 Dec 2021, 07:54 AM IST
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