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SUMMARY
Stocks to Watch: Dalal Street is predicted to open within the inexperienced on Tuesday amid blended international cues. SGX Nifty futures had been up 42 factors or 0.2 % at 18,247. Shares of Lupin, Nykaa, Reliance, Kaynes Technology amongst others will likely be in focus at this time. Here are high shares to be careful for in commerce on November 22 –
Kaynes Technology India | The electronics manufacturing firm will make its debut on the bourses at this time. The subject value has been mounted at Rs 587 per share.
Reliance Industries Ltd | The National Company Law Tribunal has given approval to the telecom main for the acquisition of Reliance Infratel. The tribunal requested Jio to deposit Rs 3,720 crore within the State Bank of India (SBI) escrow account to finish the acquisition of RCOM’s tower and fibre property.
New Delhi Television Ltd | Adani group’s open provide to amass a further 26 % stake within the media agency would begin from Tuesday. The provide, for which a value band of Rs 294 per share has been mounted, will open on November 22 and closes on December 5, stated a discover by JM Financial, the agency managing the provide on behalf of Adani Group companies.
Lupin Ltd | The firm has signed a memorandum of understanding with the federal government of Rajasthan to strengthen healthcare system, cut back prevalence of heart problems and power obstructive pulmonary illness in Alwar, Rajasthan.
FSN E-Commerce Ventures Ltd | Sources have advised CNBC-TV18 that Light House India Fund is prone to promote 0.65 % stake in Nykaa by way of block deal. The shares will likely be priced at Rs 180-183.5 apiece.
JK Paper Ltd | The paper and packaging board firm has entered right into a share buy and shareholders’ agreements for acquisition of 85 % stake of Horizon Packs (HPPL)and Securipax Packaging (SPPL). The firm intends to amass the remaining 15 % stake inside the subsequent three years.
Punjab National Bank | The financial institution has appointed Binod Kumar as the manager director with impact from November 21.
Blue Star Ltd | Kotak Mahindra Mutual Fund has acquired extra 63,179 fairness shares within the firm by way of open market transactions. Post the transaction, Kotak AMC’s stake within the firm rose to five.04 %, from 4.97 % earlier.
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