Stocks to Watch: Tata Steel, Honasa Consumer, IndiGo, Infosys, SBI, Welspun, and Others – News18

Stocks To Watch On November 23: GIFT Nifty on the NSE IX traded 12.5 points, or 0.06 per cent, lower at 19,885.5, signaling that Dalal Street was headed for muted start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.

Tata Steel: The Tata Steel board has approved the allotment of 7.58 crore shares to eligible shareholders of Tata Steel Long Products Limited.

Welspun Corp: Welspun Corp announced investment worth Rs 479 crore in a manufacturing unit in Odisha.

Honasa Consumer: The Mamaearth parent firm reported a in net profit to Rs 29.40 crore for Q2FY24 as against a net loss of Rs 15 crore in the year ago period. Consolidated revenue grew 21 per cent YoY to Rs 496.10 crore.

InterGloble Aviation: The parent of IndiGo plans to challenge tax demands worth over Rs 1,666 crore. In a regulatory filing, the company said a demand of “Rs 7,39.68 crore (AY 2016-17) and Rs 9,27.03 crore (AY 2017-18) was raised by the Assessing officer, against which the company had preferred appeal before CIT-Appeal”.

Liberty Shoes: Ousts its Executive Director Adesh Kumar Gupta from the board after the National Company Law Tribunal (NCLT) dismissed his petition seeking exemption on requirements to file a plea.

Infosys: Inks a strategic long-term collaboration with TK Elevator to help in its digital transformation with an artificial intelligence (AI)-first strategy. The financial details of the engagement were not disclosed.

State Bank of India (SBI): Plans to increase interest rates on unsecured loans – personal loans – following RBI’s move to mandate higher risk weighting for those segments. The increase in risk weighting for unsecured loans will have an impact of 2-3 basis points on SBI’s net interest margin (NIM), chairman Dinesh Khara said on Wednesday.

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