Stocks To Watch Today on December 6, 2024: Vi, Canara Bank, ITC, Ola Electric and More Can be in Focus

On Friday, December 6, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to open cautiously ahead of the announcement of the RBI policy. Check out a few stocks that might be in focus during the trading session.

• Vodafone Idea (Vi)

On December 9, the board of Vi will review a proposal to raise ₹2,000 crore via a preferential issue to entities belonging to promoter Vodafone Group.

• Coromandel International

Coromandel International has entered into a strategic master research agreement with the International Fertilizer Development Center (IFDC) to promote innovation and sustainability in fertiliser development.

• Canara Bank

The Reserve Bank of India (RBI) has approved Canara Bank‘s plan to divest stakes in its mutual fund and insurance subsidiaries through IPOs. The bank had received board approval for the stake sale in March 2024.

• Hyundai Motor India

Hyundai has announced a price hike of up to ₹25,000 across all models, effective January 1, citing increased input costs, adverse exchange rates, and higher logistics expenses.

• Ola Electric

The Central Consumer Protection Authority (CCPA) has requested additional documentation and details from Ola Electric in relation to the October show-cause notice concerning 10,644 consumer complaints.

• Garden Reach Shipbuilders & Engineers

Garden Reach Shipbuilders & Engineers has signed a contract for building and delivering the second ship in a series of four additional 7,500 DWT multi-purpose vessels for a German client. This follows its September order for four such vessels.

• ITC

ITC is scaling up its Farmer Producer Organisation (FPO) network and aims to connect one crore farmers over the next 4–5 years. The company also plans to increase its sourcing of fruits and vegetables via this platform, according to S. Ganesh Kumar, CEO of ITC’s Agri Business Division.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.