NIFTY 50

Here’s a look at buzzing stocks for trade on November 8

Updated : November 08, 2019 08:19 AM IST

The Indian market is expected to open in the red on Friday as SGX Nifty, an indicator of opening for the Sensex and the Nifty, was trading 50.50 points or 0.42 percent lower at 12,008 at 7:00 AM, hinting at a weak start for the domestic market. Asia shares, however, were trading higher, following the Dow, which closed at a record high on optimism over US-China trade talks. Here are the stocks to watch out for today:

Raymond: The company said it will demerge its core lifestyle business in order to simplify the structure and generate investment opportunities. It has also raised Rs 350 crore via issue of equity shares and convertible preference shares to repay the debt.

Infosys: The company said it has set up a Digital Innovation Centre in Dusseldorf, Germany, which will help it work more closely with its clients in the region.

Reliance Industries: Its arm Reliance Strategic Business Ventures Limited (RSBVL) has increased its stake in US-based SkyTran Inc to 17.37 percent with an option to further invest an amount up to $25 million in convertible notes.

Mindtree: The company’s CFO Pradip Kumar Menon has resigned to pursue “career opportunities outside the company”.

GSK Consumer: The company’s net profit jumped 25.3 percent to Rs 345.3 crore in Q2 versus Rs 275.5 crore in the same period a year ago.

Corporation Bank: The lender said it will raise up to Rs 1,000 crore through issue of Basel III compliant bonds on a private placement basis.

PFC: Rating agency CARE has re-affirmed the AAA rating for long-term borrowing programme and A1+ for short-term borrowing programme.

Power Grid: The company’s net profit jumped 9.7 percent to Rs 2,527.1 crore in Q2 versus Rs 2,304 crore in the same period a year ago.

Wockhardt: Consolidated net loss stands at Rs 94.2 crore in Q2 versus the loss of Rs 31 crore during the same period a year ago.

GTPL Hathway: The company acquired balance 49 percent shares of GTPL Shivshakti Network Private Limited.


Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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