Tuesday, December 6, 2022

Stocks to watch : Auto shares, SBI, Piramal Enterprises, Indiabulls Housing, Edelweiss Financial

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India’s stock markets, Sensex and Nifty, are expected to open sharply, following strong global indicators. Among the individual shares, the shares of State Bank of India, Central Bank of India, Indian Overseas Bank, Bank of India, UCO Bank, Sterling and Wilson Solar, Piramal Enterprises, Indiabulls Housing Finance, Edelweiss Financial Services will be considered.

Here is a list of top stocks that they are likely to focus on.

State Bank of India (SBI): The world’s largest lender has entered into a $ 1 billion loan agreement with Japan Bank for International Cooperation (JBIC), which is wholly owned by the Japanese government. PSU had signed a similar agreement with JBIC in October last year.

Central Bank of India, Indian Overseas Bank, Bank of India, UCO Bank: Central Government has proposed depositing Rs 14,500 crore ($ 2 billion) in Central Bank of India, Indian Overseas Bank, Bank of India and -UCO Bank in zero- coupon bonds.

Automatic Stocks: Shares of car companies, including Maruti, Tata Motors, Hero Motocorp will be considered as they announce their monthly sales figures in March.

Sterling and Wilson Solar Ltd: The company’s co-founder, Khurshed Yazdi Daruvala, has sold 4.99 percent shares in the company through open market transactions.

Central Bank of India: A state-owned lender has suspended an agreement with Centrum Housing Finance to sell 64% of its stake in the real estate finance business.

Piramal Enterprises Ltd: Piramal Pharma Solutions (PPS), a company arm, has entered into an agreement to purchase a 100 per cent share of Hemmo Pharmaceuticals Pvt. Ltd with Rs 775 million.

Indiabulls Housing Finance: Crisil has improved its vision for the company to stabilize from bad and reaffirmed its long-term credit rating at “CRISIL AA”. Short-term credit rating is guaranteed by the highest “CRISIL A1 +” rating.

Edelweiss Financial Services Ltd: The company will present a non-renewable (NCD) issue today up to 400 crore. The matter will close on April 23.

Also read : Shares of Anil Ambani-led Reliance Infra spikes 10 % on selling Santacruz HQ to YES bank

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