Stocks in News Today: Adani Green Energy, Cipla, Vedanta, Vodafone Idea, Suzlon and more | Markets News
Stocks in News Today: From Adani Green Energy to Suzlon, here are shares that are likely to remain in focus on November 21, 2024.
Stocks in News Today November 21. (Photo credit: depositphotos)
New Delhi: The Sensex and Nifty remained closed on Wednesday on account of voting for the Maharashtra Assembly elections. On Tuesday, the key indices bicke the 7-day trend to close higher. The Sensex was up 239.37 points or 0.31 per cent to 77,578.38, while the Nifty rose 64.70 points or 0.28 per cent to 23,518.50 at market closing. The Sensex pared gains after rising during the day’s trade on Tuesday.
All eyes will be on the Sensex and Nifty after the Economic Affairs Secretary said on Wednesday that India is likely to clock 6.5-7 per cent GDP growth in FY25. Here are stocks that are likely to remain in focus on November 21, 2024:
Adani Green Energy: The company reportedly launched a $600 million bond issue priced at 7.75 per cent with a 20 year window.
Cipla: The drugmaker said it was recalling more than 1,800 boxes of a generic medication in the US. The withdrawal was in response to complaints alleging broken tablets, according to the USFDA.
Garden Reach Shipbuilders: The company inked an agreement worth Rs 226.18 crore with the West Bengal government’s transport department for 13 hybrid ferries.
Godfrey Phillips: The cigarette manufacturer’s board will meet on March 31, 2025, to discuss an interim dividend of Rs 35 apiece, equalling a 1,750 per cent premium over the Rs 2 face value.
Kitex Garments: The company’s board will meet to consider a bonus share issue on Friday, November 22, 2024. If cleared, this will be the first instance of a bonus share issue by the company in 7 years.
Ramkrishna Forgings: The company is expected to outperform peer companies, said Swiss brokerage UBS, giving a share price target of Rs 1,500 apiece, with a BUY rating, indicating a 60 per cent upside.
Vedanta Resources: Fitch Ratings maintained a B- rating on the company’s senior unsecured debt with a positive outlook. The rating agency said VRL exhibited financial flexibility and lower debt along with capital market access for debt refinancing.
Vodafone Idea: will be in focus after Goldman Sachs maintained a sell rating on the telco’s stock with a Rs 2.40 share price target citing potential pressure on the company’s market share and cash flow.
Suzlon: The renewables firm’s share price will remain in focus after Morgan Stanley gave a Buy call on its stock with a Rs 71 apiece target price.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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