Stocks to Watch: SBI, Bata India, PB Fintech, ZEE, Sun Pharma, Lupin, and Others – News18

Stocks To Watch on December 18: GIFT Nifty on the NSE IX traded 66.5 points, or 0.31 per cent, lower at 21,485, signaling that Dalal Street was headed for negative start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.

Sun Pharma, Lupin: The two pharma majors are recalling products in the US market over manufacturing issues, as per the US Food and Drug Administration (USFDA). Sun Pharma is recalling 96,192 bottles of Liothyronine Sodium Tablets, while Lupin is also recalling an unspecified number of penicillamine tablets in the US.

SBI: The largest lender in India has slowed unsecured retail loans as it will focus on ‘healthy’ growth, even if overall loan growth is expected to stay robust at 15 per cent in FY24, amid steady demand from corporates, chairman Dinesh Khara said.

Bata India: As per its new strategy, the footwear company has inked a licence agreement Nine West under which Bata will manufacture in India and sell its footwear and accessories (handbags). Further, is also pushing its Floatz product line to grab a share of the moulded footwear market but at a lower price than Crocs and Birkenstock.

NTPC: Plans to add 800 megawatt (Mw) capacity to its Sipat Super Thermal Power Station in Chhattisgarh’s Bilaspur district.

Care Ratings: Has received a warning from Sebi on certain discrepancies observed during an inspection held between December 2021 and April 2023. The company has to corrective steps, rectify discrepancies and submit the action taken report (ATR) within 30 days.

PCBL: Board has approved to increase the borrowing limits of the company to Rs 6,000 crore.

PB Fintech:Japanese multinational investment firm Softbank Group sold further stake in PB Fintech through the open market on Friday, taking home Rs 914 crore.

ZEE: Zee Entertainment has sent a letter to Sony Group Corporation requesting an extension of the cutoff to complete the merger.

KFin Technologies: Global private equity firm General Atlantic sold nearly 10% stake in KFin Technologies through the open market on Friday for Rs 851 crore.

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