Stocks to Watch: RIL, Delhivery, SJVN, IDBI Bank, TVS Motor, JSW Steel, and Others
Stocks to Watch: RIL, Delhivery, SJVN, IDBI Bank, TVS Motor, JSW Steel, and Others
Stocks to watch: Shares of firms like RIL, Delhivery, SJVN, IDBI Bank, TVS Motor, JSW Steel, and others will be in focus on Friday's trade.

Stocks To Watch On November 17: GIFT Nifty on the NSE IX traded 18 points, or 0.09 per cent, higher at 19,808, signaling that Dalal Street was headed for positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.

Delhivery: Japanese tech giant Softbank is looking at selling 4% stake in the logistics service provider for around $150 million through block deals on Friday, according to news reports. As of September end, Softbank, through its entity Svf Doorbell (Cayman) held 14.46% stake in the company.

Reliance Industries: Subsidiary Reliance Jio Infocomm added 32.4 lakh users in August, and its wireless subscriber tally topped 44.57 crore, according to data released by telecom regulator TRAI.

Oil-linked stocks: Stocks dependent on crude oil and it’s derivatives, such as oil marketing companies, paints, tyres, oil explorers, etc might show some action on the bourses on Friday after Brent crude tumbled 5 per cent Thursday to hover around $77 per barrel-mark.

Financials: Shares of banks and NBFCs are likely to hog the limelight following the Reserve Bank of India’s mandate to assign higher risk weightage for unsecured loans.

SJVN: It has signed a power purchase agreement with Solar Energy Corp. of India Ltd. for a 200 MW grid-connected wind power project worth Rs 1,400 crore.

The project is expected to be completed within 24 months of the agreement’s effective date.

IDBI Bank: The divestment of IDBI Bank might face delays, potentially missing the March 2024 deadline, as the Reserve Bank of India (RBI) continues its thorough scrutiny of potential buyers, Tuhin Kanta Pandey, secretary of the Department of Investment and Public Asset Management (DIPAM), said on Thursday.

JSW Infrastructure: The JSW Group company has won an order to develop an all-weather, deep-water, greenfield port at Keni in Karnataka on Public Private Partnership basis, at an estimated cost of Rs 4,119 crore. The initial capacity of the port would be 30 million tonnes per annum (MTPA).

TVS Motor Company: It has signed an agreement with Emil Frey, one of Europe’s largest automobile importers and retailers, for distribution of its products including the TVS Apache RTR 310 in European Union markets.

France will be the first country for the launch, where an entire suite of its products including ICE and EV models will be made available starting January 2024.

JSW Steel: JSW Steel has decided to withdraw its plans to surrender an iron ore mine in Odisha, which it had acquired through auction in 2020, due to the current demand and supply dynamics of the raw material in the country.

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