Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Stocks in Focus: IIFL Securities, CONCOR, Zomato and Others

Picture Source: Internet

The GIFT Nifty futures were trading in a flat to positive range before the market’s opening on Friday. Indices are expected to open on a similar note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, settled lower on December 7, snapping their seven-session rally. Nifty closed 36.55 points or 0.17% lower at 20,901.15, while Sensex dropped 0.19% or 132.04 points to settle at 69,521.69. 

Here are the stocks that will likely be in the market’s focus on December 8.

Zomato: SoftBank’s investment firm SVF Growth Singapore plans to offload its remaining 93.5 million shares or a 1.1% stake in the food delivery major Zomato on Friday. As per reports, the dilution of stake is seen to take place at Rs 120-121 per share. 

IRB Infrastructure Developers: The toll collection for the company jumped 20% year-on-year to Rs 437 crore in November from Rs 366 crore in the same period last year. 

Container Corporation of India: CONCOR has inked a memorandum of understanding (MoU) with NTPC Vidyut Vyapar Nigam Ltd (NWN) to explore the possibility of setting up PV Solar renewable energy projects in CONCOR terminals to promote sustainable and eco-friendly renewable solar energy.

Titagarh Rail Systems: The company has launched a QIP issue with a floor price of Rs 976.1 per share to raise up to Rs 700 crore. 

IIFL Securities: The Securities Appellate Tribunal (SAT) has set aside SEBI’s order (Securities and Exchange Board of India) restricting IIFL Securities from taking new clients for two years and also reduced the penalty imposed on the stockbroker from Rs 1 crore to Rs 20 lakh.  

Get Daily Prediction & Stocks Tips On Your Mobile