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Stocks in Focus: Delhivery, JSW Infra, SJVN and Others

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

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex ended Thursday’s session on a high despite weakness in European markets. Nifty jumped 89.75 points, or 0.44%, to settle at 19,765.20, while the Sensex climbed 0.47% or 306.55 points to 65,982.48.

Here are some stocks likely to watch on November 17.

SJVN: The company has entered into a power purchase agreement with Solar Energy Corporation of India for a 200 MW grid-connected wind power project worth Rs 1,400 crore. With the allotment of this project, SVJN’s wind portfolio now stands at 497.6 MW.

Axis Bank, Manappuram Finance: The Reserve Bank of India (RBI) imposed monetary penalties on Axis Bank and Manappuram Finance of Rs 90.92 lakh and Rs 42.78 lakh, respectively, for violations of specific directions from the banking sector regulator.

DCX Systems: The board of the aerospace and defence company approved raising funds of up to Rs 500 crore in one or more tranches through several avenues, such as public issue, preferential issue, rights issue, private placement, qualified institutions placement(s), and/or any combination of these methods.

JSW Infra: The company has received a Letter of Award from the Karnataka Maritime Board for developing an all-weather, deep-water, greenfield port at Keni in Karnataka under the Public-Private Partnership (PPP) model. The project’s estimated cost is Rs 4,119 crore, with an initial capacity of 30 million metric tonnes per annum (MTPA).

Delhivery: According to media reports, Softbank-backed SVF Doorbell (Cayman) may sell 31 million shares, equivalent to a 4% stake, in the logistics company today via block deals at Rs 403.5-413.85 apiece, totalling $150 million.

Brigade Enterprises: The company has signed a joint development agreement for around 2 million square feet with Krishna Priya Estates and Micro Labs for a residential housing project in Yelahanka, Bengaluru, spanning 14 acres with a gross development value of Rs 2100 crore.

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