Stocks in Focus on Nov 11; Maruti Suzuki, Tata Steel, Zomato & More

  • Stock Market News
Stocks in Focus on Nov 11; Maruti Suzuki, Tata Steel, Zomato & More
Credit: © Reuters.

By Malvika Gurung -- Maruti Suzuki India Ltd. (NS: MRTI ): The automaker has finally announced its stance on the electric vehicle segment in India, stating that it will join the EV race and plans to launch its first EV by 2025.

DLF (NS: DLF ): The real estate major will be expanding its reach over the upcoming 2-3 years and will set up six new retail hubs. In total, the company will add 2.3 million square feet to its existing 4.2 million square feet of retail portfolio.

Fairchem Organics Ltd (NS: FAIH ): A total of 4,85,338 shares of the chemical manufacturer was purchased by an investment fund run by the Massachusetts Institute of Technology at Rs. 1,875 apiece through two bulk deals on the NSE.

Zomato Ltd (NS: ZOMT ): The food aggregator has approved the acquisition of a 16.1% stake in Samast Technologies and 7.89% in Bigfoot Retail Solution, for Rs 37.1 crore and Rs 557.17 crore respectively. The company also reported its earnings to result for the quarter ending September on November 10.

Yes Bank (NS: YESB ): The bond credit rating company Moody’s Investors Service has upgraded the credit rating of Yes Bank from B3 to B2, based on the private lender’s improved financial health, as its funding and liquidity have substantially improved in the past year.

Bandhan Bank Ltd (NS: BANH ): The credit rating agency ICRA (NS: ICRA ) has downgraded the rating outlook on Bandhan Bank from ‘stable’ to ‘negative’, as a result of continued weakness noted in its emerging entrepreneur business (EEB) portfolio despite improving collections recorded in Q2 FY2022.

Companies including Tata Steel (NS: TISC ), Bharat Dynamics Ltd (NS: BARA ), Balkrishna Industries (NS: BLKI ), and Zee Entertainment (NS: ZEE ) Enterprises, among 376 other companies will release their September quarter earnings on November 11.

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