Stocks to Watch: Airtel, RIL, Siemens, Escorts, Radhe Dev, Indian Metals

The key benchmark indices snapped its four-day losing streak on Tuesday with mid-cap and small-cap stocks outperforming on the back of strong investor demand. On Wednesday, the markets are likely to open higher given the supportive cues from global markets. Meanwhile, here the top stocks to focus in trade on Tuesday.

Vedanta: An open offer from the promoters of Vedanta led to a sharp turnaround in price on Tuesday on high volumes when TwinStar Holdings and Vedanta Netherlands – both promoter entities – offered to buy 4.57 per cent stake (about 170 million shares) at an indicative price of Rs 350 per share. However, analysts expect the price rise to be temporary as prices of aluminium, copper, steel, natural gas, crude oil, etc are all down in the past month. READ MORE

Marcotech: The second largest listed realty player by market capitalisation, Macrotech Developers (Lodha) raised Rs 4,000 crore last week via the qualified institutional placement route. The company plans to use the funds to grow in the under-represented micro markets of Mumbai Metropolitan Region and Pune. Here are some of the key factors that may work in favour of the stock going ahead. READ MORE

Dish TV: Dish TV has urged the National Company Law Tribunal (NCLT) to dismiss the petition filed by its largest shareholder Yes Bank India Ltd, which is seeking to convene EGM of the Direct-to-Home service provider. READ MORE

Bharti Airtel: Moody’s Investors Service has revised Bharti Airtel and its subsidiary Bharti Airtel Int’l (Netherlands) BV’s ratings outlook to positive from stable. “The outlook change to positive reflects Bharti’s improving operating per­formance and credit metrics which, if sustained, could support an upgrade to investment grade within the next 12-18 months,” Moody’s said. READ MORE

LatentView: After a bumper listing on Tuesday, get to know what lies ahead for the stock and the company’s growth plans. Read excerpts of an interview with Raja Sethuraman here. READ MORE

Reliance: Ratings agency Moody’s Investors Service said that the reevaluation of the decision to sell a 20 per cent stake in the company’s oil-to-chemical business to Saudi Aramco will not impact the firm’s credit quality, Moody’s Investors Service said Tuesday. READ MORE

Siemens: The company is scheduled to announce its September quarter results today.

Radhe Developers: Company’s board to meet on November 26 to consider a proposal to raise funds via various options, including rights issue, preferential issue of equity shares.

Indian Metals & Ferro Alloys: The company’s board is scheduled to meet on November 26 to consider a proposal for bonus issue.

Poonawalla Fincorp: Informed the exchanges that Sanjay Chamria Executive Vice Chairman and part of the founding team has stepped down from the company.

Future Enterprises: Ratings agency Brickwork Ratings India has downgraded the credit rating on select non-convertible debentures of the company from ‘BWR C’ to ‘BWR D’.

Ashiana Housing: Informed the exchanges that ratings agency CARE Ratings has re-affirmed the company’s credit rating at CARE A, with outlook stable.

Stocks in F &O ban: Escorts and Voda Idea are the only two stocks in F&O ban today.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor