Stocks in news: Vedanta, Maruti Suzuki, KPI Green, Canara Bank, IndiGo, CEAT
Markets edged lower on the weekly expiry day, losing nearly half a percent and extending the ongoing consolidation phase. The Nifty is once again approaching its immediate support zone near the 20-DEMA around 25,950, with the trendline support at 25,900 providing additional cushion.
"Meanwhile, participants should continue to adopt a stock-specific trading approach, with a short-term preference for auto, banking, pharma, and IT names, while also considering selective shorts in weaker pockets as a hedge," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of Vedanta, Maruti Suzuki, KPI Green, Canara Bank, CEAT among others will be in focus due to various news developments.
Maruti Suzuki
India's leading carmaker Maruti Suzuki on Tuesday expanded its electric portfolio by rolling out its first-ever electric SUV e-Vitara. The company is set to start sales of its first electric vehicle SUV e-Vitara in the new year. Maruti Suzuki Managing Director Hisashi Takeuchi said.
IndiGo
IndiGo said it has been slapped with a penalty of Rs 117.52 crore related to input tax credit and the airline will challenge the ruling. The penalty has been imposed on the airline by Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, Kerala.
CEAT
A meeting of Finance and Banking Committee of Board of Directors of CEAT is scheduled to be held on December 5, 2025, inter-alia to explore a proposal for issuance of non-convertible debentures on private placement basis.
Vedanta
Vedanta's proposed fundraising through ESL Steel is unlikely to be used by the steel unit itself and would instead be deployed by parent company Vedanta Resources for upcoming debt repayments, Viceroy Research, a US-based short-seller, said on Tuesday.
Jubilant Pharmova
Jubilant Pharmova said it has appointed Daniel J O'Connor as the CEO of its proprietary novel drugs business. O'Connor brings more than 30 years of leadership experience in biotechnology and oncology, with a proven record of creating value around differentiated, IP-rich platforms, the company said in a statement.
Canara Bank
The Bank said it has raised Rs 3,500 crore, 7.55% unsecured, subordinated, listed, rated, non-convertible, perpetual, fully paid-up, taxable, Basel III compliant additional tier I bonds in the nature of debentures of face value Rs 1 crore each.
KPI Green
KPI Green Energy has received a work order from Gujarat State Electricity Corporation (GSECL) for the engineering, procurement and construction (EPC) of a 142 MW (DC) / 110 MW (AC) floating solar photovoltaic (FSPV) project at the reservoir of the Kadana Dam in Mahisagar district, Gujarat.
"Meanwhile, participants should continue to adopt a stock-specific trading approach, with a short-term preference for auto, banking, pharma, and IT names, while also considering selective shorts in weaker pockets as a hedge," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of Vedanta, Maruti Suzuki, KPI Green, Canara Bank, CEAT among others will be in focus due to various news developments.
Maruti Suzuki
India's leading carmaker Maruti Suzuki on Tuesday expanded its electric portfolio by rolling out its first-ever electric SUV e-Vitara. The company is set to start sales of its first electric vehicle SUV e-Vitara in the new year. Maruti Suzuki Managing Director Hisashi Takeuchi said.
IndiGo
IndiGo said it has been slapped with a penalty of Rs 117.52 crore related to input tax credit and the airline will challenge the ruling. The penalty has been imposed on the airline by Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, Kerala.
CEAT
A meeting of Finance and Banking Committee of Board of Directors of CEAT is scheduled to be held on December 5, 2025, inter-alia to explore a proposal for issuance of non-convertible debentures on private placement basis.
Vedanta
Vedanta's proposed fundraising through ESL Steel is unlikely to be used by the steel unit itself and would instead be deployed by parent company Vedanta Resources for upcoming debt repayments, Viceroy Research, a US-based short-seller, said on Tuesday.
Jubilant Pharmova
Jubilant Pharmova said it has appointed Daniel J O'Connor as the CEO of its proprietary novel drugs business. O'Connor brings more than 30 years of leadership experience in biotechnology and oncology, with a proven record of creating value around differentiated, IP-rich platforms, the company said in a statement.
Canara Bank
The Bank said it has raised Rs 3,500 crore, 7.55% unsecured, subordinated, listed, rated, non-convertible, perpetual, fully paid-up, taxable, Basel III compliant additional tier I bonds in the nature of debentures of face value Rs 1 crore each.
KPI Green
KPI Green Energy has received a work order from Gujarat State Electricity Corporation (GSECL) for the engineering, procurement and construction (EPC) of a 142 MW (DC) / 110 MW (AC) floating solar photovoltaic (FSPV) project at the reservoir of the Kadana Dam in Mahisagar district, Gujarat.
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