Nov 27, 2023

Stock to watch: The domestic benchmark indices will remain closed on Monday, November 27 on account of Gurunanak Jayanti. Stocks to watch: Fortis Healthcare Limited to disinvest Fortis Malar Hospital situated in Chennai to MGM Healthcare, Representative image. Source: Pexels Stock to watch: Sensex and Nifty finished another volatile session largely unchanged on Friday, November 24, as weakness in IT and FMCG shares offset strength in financial names. The Nifty50 closed 7.3 points or 0.04 per cent lower at 19,794.7 while the Sensex lost 47.77 points or 0.07 per cent for the day to end at 65,970.04. The domestic benchmark indices will remain closed on Monday, November 27 on account of Gurunanak Jayanti. TRENDING NOW Bank of Baroda, India Overseas Bank: The Reserve Bank of India (RBI) has slapped penalties totalling Rs10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of norms. Fortis Healthcare: Fortis Healthcare Limited to disinvest Fortis Malar Hospital situated in Chennai to MGM Healthcare. The sale is estimated at around Rs 128 crore. Stock to watch: The domestic benchmark indices were closed on Monday, November 27 on account of Gurunanak Jayanti. Sensex and Nifty on Friday, November 24, finished another volatile session largely unchanged as weakness in IT and FMCG shares offset strength in financial names. The Nifty50 closed 7.3 points or 0.04 per cent lower at 19,794.7 while the Sensex lost 47.77 points or 0.07 per cent for the day to end at 65,970.04. Here are some stocks that will be in focus on Tuesday, November 28: Newgen Software: The board approved bonus shares for which the record date is January 12, 2024, and increased the authorised share capital of the company to over Rs. 180 crore. Cello World: The company announced its Q2 results on Saturday, November 25. The company posted a 4.6 per cent increase in net profit at Rs 86.6 crore against Rs 82.2 crore in the last quarter. MCX: As per the filing, with effect from October 16, 2023, the technology platform has been changed over to a new platform, for which the technology cost sharing is being finalised as per Transfer Pricing Norms, subject to confirmation from the Statutory Auditors. DLF: As per the company filing, the Enforcement Directorate (ED) on Friday raided DLF, a prominent real estate group in Gurugram, in connection with its money probe against another builder– Supertech Group, people familiar with the development said on Saturday. PB Fintech: The company has made further investment of over Rs 349 crore in Policybazaar Insurance Brokers Private Limited, a wholly-owned subsidiary of the company. Vascon Engineers: Kesoram: KPI Green Energy: The company received a new order of 4.66 MW for executing solar power projects received by Sun Drops Energia Private Limited under the ‘Captive Power Producer (CPP)’ segment of the company. Paytm: As per reports, Warren Buffett’s Berkshire Hathaway has exited Paytm by selling an entire 2.46 per cent stake. PNB Housing: The Board of Directors has approved the issuance of non-convertible debentures up to Rs 3,500 crore on a private placement basis, in tranches over the next six months. Eicher Motors: Maruti Suzuki: The company will increase the prices of its cars in January 2024, on account of increased cost pressure driven by overall inflation and increased commodity prices. (With agency inputs)