Stocks in Focus on Nov 18: Paytm, Zomato, Infosys & More

  • Stock Market News
Stocks in Focus on Nov 18: Paytm, Zomato, Infosys & More
Credit: © Reuters.

By Malvika Gurung -- Paytm (NS: PAYT ): The digital payments company will make its highly-awaited debut on the Indian exchanges today, after its Rs 18,300-worth India’s largest IPO was oversubscribed last week. Its issue price is fixed at Rs 2,150/share.

Sapphire Foods India Ltd (BO: SAPI ): The operator of KFC and PizzaHut will debut on the Indian bourses today, as the Rs 2,073 crore IPO was subscribed 6.62 times, and the issue price for the same has been fixed to Rs 1,180/share.

Vedanta Ltd (NS: VDAN ): The mining major is considering completely revamping its corporate structure, which includes demerger and listing of the aluminium, iron & steel, and gas businesses as standalone entities, for the shareholder value to unlock. It is evaluating all its options, like demergers, spin-offs and strategic partnerships.

Zomato Ltd (NS: ZOMT ): A step-down subsidiary of the food aggregator, Zomato UK has been dissolved effectively from Nov 16. Besides, Zomato has plans to invest $500 million in Grofers, which would mark the food aggregator’s largest investment in a company.

Infosys (NS: INFY ): Infosys and Bloomberg Media announced a strategic collaboration on Nov 17, to create the Bloomberg Digital Economy Index. Through the partnership, Infosys will use analytics and AI to integrate the Index experience on Bloomberg Media's digital platforms and Bloomberg TV states a press release.

Bharat Heavy Electricals (NS: BHEL ): BHEL and the Ukrainian corporation Zorya-Mashproekt signed an agreement on Nov 16 for establishing the local manufacture of the Marine GTs and RGs for the requirement of the Indian Navy.

Kalpataru Power (NS: KAPT ) Transmission: ICICI Prudential (LON: PRU ) Asset Management Company has acquired a stake of 0.18% in the company through open market transactions on Nov 16. This acquisition has increased its shareholding in the company to 5.18%.

Seacoast Shipping Services Ltd (BO: SEAV ): The shipping company will hold a Board meeting on November 24 to consider subdividing the face value of its equity shares.

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