Stocks To Watch: JSW Infra, KVB, Brigade Ent, Canara Bank, GAIL, BHEL & More

Hot companies like BHEL, GAIL, Canara Bank, Nykaa, and JSW Infrastructure are among the top 10 stocks that are probably going to be in the spotlight on Thursday, November 30.

Welspun Specialty Solutions

The firm has received orders for the delivery of Duplex Grade Seamless Tubes for an amount of Rs. 15.87 crore (including taxes) from a domestic, unrelated client. By March 2024, the aforementioned order is anticipated to be completed. In the regular course of business, the company has received the aforementioned orders. The aforementioned transaction is carried out on an arm's length basis and does not come under a related party transaction.

FSN E-Commerce Ventures

Foot Locker, Inc., the New York-based specialty athletic retailer announced the signing of a long-term licensing agreement with Metro Brands Limited (MBL) and Nykaa Fashion. Thanks to this cooperation, sneakerheads in India will have access to the widest range of international sportswear and footwear. MBL has been awarded exclusive rights under the agreements to own and run Foot Locker stores in India and to sell authorised products in those locations. As the only e-commerce partner, Nykaa Fashion will run the Foot Locker website in India and sell approved products through a Foot Locker-branded store on Nykaa's current e-commerce platforms.

Canara Bank

The bank has raised Rs 5,000 crores of Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Infra Bonds in the nature of debentures of face value Rs.1 lakh each at a coupon of 7.68 %.

Brigade Enterprises

The firm has acquired an additional 12.50 per cent stake of the equity shares from its current Joint Venture Partner shareholders of BCV Developers Private Limited, a subsidiary of the corporation. As a result, the company's stake in BCV Developers Private Limited has grown from 50.01% to 62.51%. 35,61,550 (12.50%) equity shares of BCV Developers Private Limited have been acquired aggregating to 62.51% in it by the company for Rs. 20,21,17,963/.

JSW Infrastructure

On November 29, 2023, Masad Infra Services Private Limited (a subsidiary of the company) and the Karnataka Maritime Board, the government of Karnataka, entered into a concession agreement for the development of a deepwater, all-weather greenfield port at Keni, Karnataka, using the public-private partnership model (DBFOT).

Muthoot Capital Services

The company issued Commercial Paper (CP) amounting to Rs. 31 Crores on November 29, 2023 at a discount rate of 9.05%. The allotment date of the issue is 29-11-2023, maturity date is 27-03-2024 and tenure is 119 days. The issue has been priced at Rs 97.1340 and has been rated CRISIL A1+.

BHEL

In addition to an agreement with the Ministry of Defence for Rs 2,957 crore, BHEL has also reached an agreement with France, the largest nuclear operator globally. As per the agreement, 16 upgraded Super Rapid Gun Mounts and their accessories would be produced by BHEL for the Indian Army.

"Bharat Heavy Electricals Limited (BHEL) and Electricité de France S.A., France (EDF), a French state-owned company and largest nuclear operator worldwide, have signed a Memorandum of Cooperation (MoC) to explore the opportunity to maximize the local content of the Jaitapur Nuclear Power Plant Project (6x1650 MWe) to be established by NPCIL in India. Further, BHEL and EDF will also explore larger collaboration for the European Pressurized Reactors (EPRs) and for the NUWARD SMR (Small Modular Reactor)," the company said in a stock exchange filing.

Ramco Systems

Ramco System Korea Company Limited was established in Korea on Wednesday as a wholly-owned subsidiary of the Company and is yet to commence its business operations.

Karur Vysya Bank

Four new branches of Karur Vysya Bank were opened on Wednesday: one in Karnataka and three in Tamil Nadu. As a result, the bank's total branch network grew to 831. Meanwhile, RBI has approved SBI Mutual Fund (SBI MF) for acquiring aggregate holding of up to 9.99% of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd.

GAIL

On Wednesday, GAIL (India) Limited appointed Shri Rajeev Kumar Singhal as its Director of Business Development. A graduate of ICF AI with a diploma in business and finance, Shri Singhal is an electronics and communication engineer from liT BHU Varanasi. He commenced out at GAIL in 1989 as an assistant executive engineer and has worked there in a variety of roles for more than thirty years.