Stocks to Watch Today: SBI, NSDL, Unimech Aerospace In Focus Ahead of Diwali Muhurat Trading
As the Indian stock market prepares for Diwali Muhurat Trading, several stocks are expected to be in focus, including State Bank of India, Unimech Aerospace and Manufacturing Ltd., and National Securities Depository Ltd.
Notable Corporate Announcements
Several notable corporate announcements were made after Monday’s market hours, including:
- Precision Wires: The company approved the allotment of 27.7 lakh shares at an issue price of Rs.151 per share to non-promoter groups.
- Saraswati Commercial: The company completed the payment of the remaining 75% of the consideration amounting to Rs 22.7 crore towards convertible warrants and acquired a stake in Precision Wires via convertible warrants.
- SBI: The company raised Rs 7,500 crore via non-convertible tier-two bonds.
- NSDL: The company was advised by SEBI to comply with non-monetary terms and remit a settlement amount of Rs.15.6 crore within 30 days, following non-compliances observed during an inspection conducted in the financial year 2024.
- Unimech Aerospace: The company commissioned two new manufacturing facilities in Bengaluru.
- CRISIL: The company updated on integral IQ and saw traction and wins in buy-side solutions, with both global businesses adding new logos, while CRISIL Intelligence saw traction in data analytics, consulting, credit, and risk solutions segments.
- Marathon Nextgen: The company launched a project in a joint venture with Adani Realty and estimated a gross development value of Rs 3,400 crore.
- Geojit Financial Services Ltd.: The company reported its Q2 highlights, with total income up 12.8% at Rs 173 crore versus Rs 153 crore, while net profit was down 19.2% at Rs 22.4 crore versus Rs 27.7 crore.
Market Outlook
The Indian stock market is expected to be volatile in the coming days, with several major earnings announcements and global market trends expected to influence investor sentiment. Nifty today and Sensex news will be closely watched by investors, as they look for opportunities to buy or sell stocks.
Investors can also expect to see some movement in pharma stocks, banking stocks, and IT stocks, as these sectors are expected to be in focus in the coming days.
Conclusion
In conclusion, the Indian stock market is expected to be volatile in the coming days, with several major earnings announcements and global market trends expected to influence investor sentiment. Investors should keep a close eye on stock market news and market trends to make informed investment decisions.