Honasa Consumer, Indian Hotels and K&R Rail among stocks to track on Thursday
After a day's breather Indian equities again hint at a weak opening tracking weak global peers.
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After the state elections in Jharkhand and Maharashtra have concluded, GIFT Nifty futures indicate a weak opening for the markets after a day's breather. At aroun 8:17 am, GIFT Nifty futures were down 0.16 per cent or 36.8 points at 23,498.
Here are the stocks to watch in Wednesday's trade:
Honasa Consumer: After the company's shares hit the lower circuit in the previous trading session amid weak results, the price band for the scrip has been changed to 10 per cent from the earlier 20 per cent.
K&RRail: The shares allotted to the non-promoters to the tune of 51.2 lakhs will be listed.
Indian Hotels: Shares of the Tata group company will continue to be in limelight after Jefferies continues its bullishness on the stock.
Man Industries: The company's subsidiary is mulling a proposal to divest the assets of its subsidiary.
Veedol Corporation: Shares of the company will trade ex-dividend in Thursday's trade.
Vodafone Idea,Airtel: The Supreme Court has provided relief to telecom companies and allowed the players in the space to take tax credit against the infrastructure duty. Accordingly, for tower component as well as shelter, companies can claim input tax credit.
Indus Tower: The apex court has announced its verdict in faour of the company in lieu of the CENVAT credit issue.
UPL: The company's Rs 3,378 crore has been approved by the company at a price of Rs 360 per share. The record date for the rights issue is decided as November 26. In lieu of every 8 shares, the investor will be eligible for one rights share.
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