Stocks To Watch Today on December 3, 2024: Cipla, Tata Motors, Swiggy, Coal India, Pricol and More Can be in Focus

On Tuesday, December 3, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to start on a flat note amid mixed global market performance. Check out a few stocks that might be in focus during the trading session.

• Cipla

Through open market transactions, Cipla promoters Samina Hamied and Rumana Hamied sold their 1.72% stake for ₹2,111 crore. Buyers included the Singapore Government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius.

• Tata Motors

Tata Motors and Tata International launched a registered vehicle scrapping facility (RVSF) in Pune called ‘Re.Wi.Re—Recycle with Respect.’ The facility can dismantle up to 21,000 end-of-life vehicles annually, covering both commercial and passenger vehicles across all brands.

• Adani Ports and Special Economic Zone (APSEZ)

CareEdge has upgraded Gopalpur Ports Limited’s (GPL) credit rating by six notches, from “BBB” (RWP) to “AA/Stable,” following its acquisition by APSEZ in March 2024.

• Axis Bank

Axis Bank is awaiting Reserve Bank of India (RBI) clarifications regarding the future of its subsidiary, Axis Finance, following a regulatory proposal to limit bank groups to one entity per specific business activity.

• Pricol

Pricol is set to acquire Sundaram Auto Components’ injection moulding business for ₹215 crore through its subsidiary, Pricol Precision Products Pvt Ltd.

• Swiggy

Swiggy has expanded its 10-minute food delivery service, Bolt, to over 400 cities and towns across India.

• Coal India

Coal India coal production rose 2.4% to 471 million tonnes (MT) during April-November FY24 compared to 460 MT in the same period last year. In November alone, production increased by 1.7% to 67.2 MT.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.