Stocks to Watch: Tata Tech, Gandhar Oil, Thomas Cook, JSW Infra, Bank of Baroda

In the trading spotlight for Thursday are these 10 stocks:

  • Tata Technologies: This global engineering services company, a subsidiary of Tata Motors, is set to make its stock market debut on Thursday at a fixed issue price of ₹500 per share. The IPO, valued at ₹3,042.51 crore, saw a robust subscription of 69.43 times on the final day of bidding.
  • Gandhar Oil Refinery: Shares of Gandhar Oil Refinery will hit the stock exchanges on Thursday after an IPO priced at ₹169 per share. The ₹500.69 crore IPO garnered significant interest, with a subscription rate of 64.07 times on the last day of bidding.
  • Zomato: China’s Ant Group made headlines by selling a 3.4% stake in Zomato for ₹3,337 crore through a series of exchange deals on Wednesday. Alipay Singapore Holdings, an affiliate of Ant Group, divested 297 million shares at ₹112.70 per share.
  • ICICI Bank: BSE and the National Stock Exchange have granted no-objection letters for the delisting of ICICI Securities shares by ICICI Bank.
  • Bank of Baroda: The bank plans to issue 10-year bonds worth ₹5,000 crore on November 30, with a base size of ₹1,000 crore and an oversubscription option of ₹4,000 crore. Bidding for these bonds will take place between 11 am and 12 pm on the National Stock Exchange of India’s electronic platform.
  • Thomas Cook (India): Promoter Fairbridge Capital (Mauritius) is offering up to 32 lakh equity shares (6.8% of total paid-up equity) at a floor price of ₹125 apiece. In case of oversubscription, an additional 80 lakh shares (1.7% stake) will be available.
  • JSW Infrastructure: The company has issued a $126 million corporate guarantee in favor of Axis Trustee Services. Its subsidiary, Masad Infra Services, inked a concession agreement with the Karnataka Maritime Board for the development of a greenfield port.
  • Welspun Speciality Solutions: With orders worth ₹15.87 crore for the supply of duplex-grade seamless tubes, the company anticipates completing the order by March 2024.
  • PCBL: Entering into a 51:49 joint venture with Kinaltek for a battery manufacturing facility, PCBL will invest $16 million in the JV and may infuse up to $28 million in stages.
  • Jupiter Wagons: The company initiated a qualified institutional placement to raise up to ₹700 crore, setting the floor price at ₹331.34 per share, as announced by the board.

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