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Here’s a look at buzzing stocks for trade on November 7

Updated : November 07, 2019 09:00 AM IST

The Indian market is expected to open higher on Thursday as in a major booster for the real estate sector, the government on Wednesday announced a special window to provide priority debt financing for the completion of stalled housing projects in the affordable and middle-income housing sector. The government will invest Rs 10,000 crore in the Rs 25,000 crore alternative investment fund (AIF). Besides, at 7:05 am, the SGX Nifty, an indicator of the opening for the Sensex and the Nifty, was trading 13 points or 0.11 percent higher at 12,020.50, hinting at a positive start for the domestic market. Here are the stocks to watch out for:

J B Chemicals: The company, at its meeting to be held on November 12, will consider the proposal for buy-back.

CG Power: The company said that it is currently exploring options to raise capital, however, it added that no final decision has been taken or approved by the board.

Infosys: The company has received letters from the secretary, National Financial Reporting Authority and the Registrar of Companies, Karnataka, seeking certain information in connection with the whistleblower complaints.

HUL: NCLT has given its approval for the scheme of amalgamation for the merger of HUL and GlaxoSmithKline Consumer Healthcare.

Yes Bank: Moody's has placed Yes Bank's foreign currency issuer rating of Ba3 under review for downgrades.

Tata Steel: India's largest private-sector steelmaker has reported a 5.9 percent year-on-year (YoY) jump in net profit at Rs 3,302.3 crore for the second quarter ended September 2019.

Real estate stocks: The Narendra Modi government has introduced a special window to provide priority debt financing for the completion of stalled housing projects in the affordable and middle-income housing sector. The government will invest Rs 10,000 crore in the Rs 25,000 crore alternative investment fund (AIF).

IDBI Bank: IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wednesday with his old passport size photograph for default on payments worth Rs 1,566 crore in respect to Kingfisher Airlines.

Canara Bank: The lender has revised the marginal cost of funds-based lending rate (MCLR).

Zee Entertainment: Singapore-based GIC acquired an additional 0.34 percent equity via open market on November 4.
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