Stocks to watch: Dalal Street is expected to open in the red on Tuesday amid largely negative global cues. SGX Nifty futures were trading 71.5 points or 0.4 percent higher at 18,657.5 at last count. Shares of Lupin, NBCC, Adani Enterprises, Fusion MicroFinance among others will be in focus today. Here are the top stocks to watch out for in the November 29 trade –
Lupine Ltd | The pharmaceutical company announced that its Brazil-based MedQuímica unit will acquire rights to nine products from a subsidiary of Bausch Health Companies Inc. Nine products include Limbitrol, Melleril, Dalmadorm, Bacrocin, Glyquin, Solaquin, Oxipelle, Efurix and Cuprimine.
NBCC (India) Ltd | The company has orders worth Rs 271.6 crore from Amrapali group.
Adani Enterprises Ltd | Adani Group has clarified that news reports stating that the company is looking to raise $5 billion in funding are false.
Fusion MicroFinance Ltd | On Monday, the company approved the proposal to raise funds by issuing non-convertible debentures raising up to Rs 145 crore on a private placement basis.
Wipro Ltd | The company announced the launch of its new Skills Guild with Amazon Web Services (AWS). Wipro Step Up will use the AWS Skills Guild framework to transform the way employees engage with customers throughout their AWS Cloud journeys.
Tamilnad Mercantile Bank Ltd | The bank has announced the launch of marketing of life insurance products and non-life insurance products under the tie-up agreement with Max Life Insurance Company Ltd and Cholamandalam MS General Insurance Company Ltd respectively.
Five-Star Business Finance Ltd | The newly listed company announced its HIFY23 results on Monday. The company reported a 24% YoY increase in AUM at Rs 5,732 crore and a 127% jump in disbursements QoQ.
Dhanlaxmi Bank Ltd | The bank will consider raising up to Rs 200 crore by issuing non-convertible debentures on December 5.
Can Fin Homes Ltd | The board has declared an interim dividend of Rs 1.5 for each share of face value Rs 2.
Life Insurance Corporation of India | The company announced on Monday that it has reduced its stake in Bharat Bijlee Ltd from 6.7% to 4.5%.