Stocks to watch: Tata Power, Adani Enterprises, SBI, IRCTC, Manappuram Finance, Oberoi Realty

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up 67 points or 0.34% at 19,809, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday,the NSE Nifty 50 dropped 37.55 points or 0.19% to settle at 19,694.25, while the BSE Sensex dropped 139.58 points or 0.21% to 65,655.15.

Stocks to Watch on November 21 November, 2023

Tata Power:

Tata Power Renewable Energy has achieved a significant milestone by surpassing a 1.4-gigawatt capacity in group captive projects over the past seven months. This achievement is attributed to the successful signing of power delivery agreements with various industries across segments.

Adani Enterprises:

Adani Enterprises Ltd.’s subsidiary, Mumbai Travel Retail Pvt., has taken a strategic step by incorporating its wholly-owned subsidiary, MTRPL Macau Ltd. The move aims to establish tobacco shops at Macau International Airport, adding a new dimension to the company’s diverse portfolio.

State Bank Of India:

The government has appointed Vinay Tonse as the Managing Director of State Bank of India, extending his tenure until November 30, 2025.

Tech Mahindra:

Tech Mahindra Americas has inked a collaboration deed with Neom Tech, paving the way for a new subsidiary. This entity will focus on providing digital services, including product and platform development, to Neom group companies.

ABB India, Titagarh Rail Systems:

ABB India has entered into a strategic partnership with Titagarh Rail Systems, emphasizing the supply of propulsion systems for metro rolling stock projects in India.

IRCTC:

IRCTC has received Railway Ministry permission for long-term tenders spanning seven years through the clustering of trains. Additionally, the Rail Neer plant has commenced commercial production with a daily capacity of 72,000 liters.

Oberoi Realty:

Oberoi Realty has unveiled ‘Forestville by Oberoi Realty,’ marking the debut of its luxury residential project in Kolshet, Thane. The first phase of development includes three towers.

Concor:

Container Corp. has signed a Memorandum of Understanding (MoU) with Indraprastha Gas to explore the establishment of LNG and LCNG infrastructure at its terminals. The collaboration aims to investigate the feasibility of transporting LNG through railway rakes from terminals near sea ports like Dahej.

Manappuram Finance:

The Reserve Bank of India has imposed a monetary penalty of Rs 42.78 lakh on Manappuram Finance for non-compliance with certain provisions of the ‘NBFCs – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.’

Mishra Dhatu Nigam:

Saket Chaturvedi, CEO of MiG Complex at HAL, has committed to collaborating with Mishra Dhatu Nigam in the indigenous development of strategic materials crucial for the production and maintenance of Aero Engines.

Vascon Engineering:

Vascon Engineering has received a letter of intent from Pimpri Chinchwad Municipal Corporation, Pune, for the construction of a general hospital building for PCMC Hospital in Moshi, Pimpri-Chinchwad, Pune, with a contract value of Rs 356.78 crores.