CNBC-TV18's top stocks to watch out for on November 26

SUMMARY

The Indian market is likely to open higher on Thursday amid a mixed trend in global peers. At 7:05 am, the SGX Nifty was trading 42.00 points or 0.33 percent higher at 12,905.00, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18Nov 26, 2020 7:31:18 AM IST (Published)

Lakshmi Vilas Bank | The bank will be merged with DBS Bank India with effect from November 27, and its shares will be written off and de-listed from same date. The moratorium will now be lifted on November 27 against December 16 earlier.

HDFC Bank | The bank has signed MoU with Inventivepreneur Chamber of Commerce & Industries (ICCI) to support SMEs and Start-ups.

Future Consumer | Rajnikant Sabnavis resigned as the company’s CEO.

Future Retail | The company’s plea to be excluded from being a party to the Amazon-Future Coupons' arbitration proceedings has been turned down and the Court of Singapore International Arbitration Centre (SIAC) has ordered that the arbitration shall proceed.

Ashok Leyland | The company has closed the Chennai plant as a precautionary measure in view of Cyclone Nivar. The company expects to resume operations at the facility from November 27.

AstraZeneca Pharma India | AstraZeneca and Oxford University have acknowledged a manufacturing error that is raising questions about preliminary results of their experimental COVID-19 vaccine.

Siemens | The company reported profit at Rs 330.2 crore in Q4FY20 as compared to Rs 333.9 crore, revenue fell to Rs 3,546.8 crore from Rs 3,894.4 crore YoY. The company recommended a dividend of Rs 7 per share of Rs 2 each for the financial year ended September 2020.

Cochin Shipyard | The company is building two autonomous electric vessels with zero carbon emission for a Norwegian company.

Laurus Labs | The company has signed definitive agreements with the Eight Roads Ventures, VenturEast Proactive Fund and VenturEast Life Fund III to acquire 72.55 percent stake in biotech firm Richcore Lifesciences for a cash consideration of Rs 246.67 crore.

Union Bank of India | The bank will obtain shareholders' approval for raising of equity capital up to Rs 6,800 crore by way of various modes.