Stocks to Watch: On Wednesday 26th November, there will be a special focus on the stocks of 11 companies in the stock market. Important business updates related to these companies have come to light. These include large contracts, block deals, USFDA approvals, JV formation and new appointments. Due to this, there may be a big movement in the shares of these companies in Wednesday’s trading session.
Infrastructure company NCC has bagged a mega project worth ₹2,063 crore from the Assam government. This contract has been awarded for the expansion and modernization of Guwahati Medical College and Hospital (GMCH). Rekha Jhunjhunwala also has investment in this stock.
A large stake in the leading telecom company Bharti Airtel can be sold through a block deal. According to sources, Indian Continent can sell around 3.43 crore shares. The floor price of the shares has been set at ₹2,096.70 per share, while the stock closed at ₹2,161.60 on Tuesday.
Jayant Infratech has won an EPC contract worth ₹162 crore from Konkan Railways. This contract involves design, supply, erection, testing and commissioning for upgrading the existing 1×25 KV electric traction system to 2×25 KV system.
United Breweries has announced the launch of Heineken Silver in Delhi. This premium beer will be available in the capital market from 25 November 2025. The company says that this launch will further strengthen their presence in the premium beer segment of Delhi.
Indraprastha Gas Limited (IGL) has announced the formation of a new joint venture with CEID. This JV will focus on setting up compressed biofuel projects. Both the companies will hold 50:50 equity stake.
Zydus Life has received final approval from the USFDA for Verapamil Hydrochloride Tablets. This medicine is used in the treatment of high blood pressure and angina.
NELCO has received an additional UL VNO-GMPCS authorization from the Government under its existing Unified License (VNO). This will now enable the company to sell VSAT services to other UL-GMPCS licensees.
Defense company Zen Technologies has received an order worth Rs 108 crore from the Defense Ministry. Under this order the company has to supply simulators for the army. The entire project will be completed within a year.
Indian Overseas Bank said it will get an income tax refund of ₹835.08 crore for assessment year 2022–23. This refund has been issued by the Income Tax Department after the order of CIT (Appeals). This also includes interest under section 244A.
The government has given additional charge of CMD of Rashtriya Chemicals to Nazhat Shaikh for 6 months.
The government has appointed Prabhat Kiran as the Executive Director of Bank of Maharashtra. His tenure will start from November 24 and will last for the next 3 years.
Nifty Outlook: Nifty fell for the third consecutive day, now how will it fare on November 26? Know from the expert
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.