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Stocks to watch: Zee Entertainment, TCS, Delhivery, RIL, NTPC, PTC India

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  • Overseas investors bought more than $DII also emerged as net buyers on Wednesday with investments of over Rs 4,000 crore $5.5 billion rupees. The Sensex touched a new all-time high while the Nifty 50 was near a new all-time high.However, upside is limited due to global trends and delayed monsoon
Stocks to watch on Thursday

Here are the top 10 stocks to watch for today’s trade:

Here are the top 10 stocks to watch for today’s trade:

Ze entertainment: Zee Entertainment Enterprises Ltd on Wednesday settled a case with market regulator Securities and Exchange Board of India (Sebi) over alleged breaches of regulatory norms. Zee Entertainment Enterprises Ltd (ZEEL) Paid $Rs 7 lakh as settlement fee from market regulator Sebi. The order comes after ZEEL proposed to resolve pending litigation with a settlement order “without admitting or denying findings of fact and conclusions of law.”

Ze entertainment: Zee Entertainment Enterprises Ltd on Wednesday settled a case with market regulator Securities and Exchange Board of India (Sebi) over alleged breaches of regulatory norms. Zee Entertainment Enterprises Ltd (ZEEL) Paid $Rs 7 lakh as settlement fee from market regulator Sebi. The order comes after ZEEL proposed to resolve pending litigation with a settlement order “without admitting or denying findings of fact and conclusions of law.”

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Tata Consultancy Services: IT giant Tata Consultancy Services (TCS) and Nest, the UK’s largest workplace pension plan, on Wednesday extended their long-term partnership to focus on digitally transforming Nest’s plan management services, delivering an enhanced member experience and Furthering the scheme’s mission of delivering better retirement outcomes for people across the UK. Nest and TCS have worked closely together since the first digital auto-enrollment pension plan launched in 2011.

drivery: Private equity firm Carlyle is set to sell a 2.5% stake in logistics firm Delhivery in a blockbuster deal, according to media reports.Carlyle plans to sell 1.84 billion rupees, or 2.53 percent stake, in Delhivery for a total of $86 billion at a reserve price of $At $385.5 per share, that’s a tiny discount compared to the current market price. According to reports, Citigroup will be appointed as the exclusive broker of the transaction.

Reliance IndustriesMukesh Ambani-led Reliance Consumer Products Limited (RCPL) on Wednesday announced the expansion of its consumer goods brand ‘Independence’ to North India. Reliance Consumer Products Limited is a fast moving consumer goods division and a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL). Reliance Retail Ventures Limited (RRVL) brand “Independence” will sell its FMCG products including staple food, processed food and other daily necessity.

national power company: NTPC board considers raising most funds $Issue 12,000 cr via NCD on June 24th. The company announced in its corporate filings today that the company’s board of directors will meet in New Delhi on Saturday, June 24, 2023 to consider the issue of bonds or non-convertible bonds (“Bonds/NCDs”) up to Rs. 12,000 crore, subject to shareholder approval at the next AGM.

PTC India: PTC India Financial Services Ltd (PFS) informed exchanges on Wednesday that its newly appointed Director (Finance) Mahendra Lodha will take over the duties of MD&CEO until a full MD&CEO is appointed. The move comes after current managing director and chief executive officer Pawan Singh is on leave. PFS has initiated the process of selecting a new Managing Director and Chief Executive Officer. In January, shareholders approved the reappointment of Singh as managing director and chief executive.

IDFC First BankMadhivanan Balakrishnan has been promoted to executive director and chief operating officer of IDFC First Bank following the RBI’s approval, a statement released on Wednesday said. IDFC FIRST Bank said in a statement that the nomination and remuneration committee had recommended him for promotion to a three-year term. Madhivanan has been with the bank since 2019 and currently serves as Chief Operating Officer.

National MDC: Life Insurance Company of India has reduced its stake in NMDC Ltd by 2% for the period March 14, 2023 to June 20, 2023. LIC’s stake in state-run iron ore mining company NMDC Ltd has now fallen to 9.620 percent from 11.690 percent, estimated at $Rs 650.3 crore based on Monday’s closing price. LIC sold about Rs 60 crore of NMDC shares. Between March 14, 2023 and June 20, 2023, the company reduced its holdings from 34,25,97,574 shares to 28,19,33,850 shares.

JK Tire Industry: JK Tire & Industries Ltd said on Wednesday that India Ratings and Research Corporation (Ind-Ra) has upgraded its long-term issuer rating from “IND A” to the low credit risk category “IND A”. The rating agency also revised the company’s outlook to stable from negative, JK Tire & Industries said in a statement. According to the Indian rating agency, securities rated ‘A’ are considered to be sufficiently safe to meet financial obligations in a timely manner and the credit risk of such securities is low.

healthcare services: MedPlus Health Services Ltd, which runs a pharmacy chain, said on Wednesday it would sell 500 generic therapeutic and chronic medicines under its own brand at deep discounts of 50-80%. G Madhukar Reddy, managing director and chief executive officer of MedPlus, said at a press conference that the company has partnered with several well-known pharmaceutical companies to produce high-quality generic medicines, enabling the company to pass on the benefits to consumers.

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Updated: June 22, 2023 07:26AM (UST)

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