Stocks to watch: L&T, GAIL, ONGC, Fortis Health, Tata Power, Paytm, Vedanta

Stocks to watch on June 23, 2023: The SGX Nifty, on Friday, signaled a muted start for the bourses. At 7:40 am, it stood flat at 18,818 levels.

 

Globally, the US markets traded mixed overnight as the S&P 500, and NASDAQ Composite indices gained up to 0.9 per cent, while Dow Jones closed flat.

 

Asia-Pacific markets largely inched lower in Friday’s early deals, with Nikkei 225, Topix, Kospi, and the S&P 200 indices declining up to 1 per cent.

 

Meanwhile, back home, here are few stocks to watch in Friday’s trade:

 

Tata Power: According to reports, the company is planning to raise up to Rs 2,500 crore by selling some of its assets overseas, including hydro assets in Zambia, and two coal mines in Indonesia.

 

Paytm: The company signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to create a startup ecosystem for the youth in the northeastern state. The Paytm Incubation Centre, according to the MoU, would provide products to early-age startups at a discounted price.

 

Vedanta: The company that did not plan to sell its copper plant at Thoothukudi in Tamil Nadu, and called media reports of selling the plant as ‘wrong, baseless and incorrect.’

 

Wipro: The IT services company inaugurated  its new office at Sable Park, Century City, in Cape Town. The new office, said the management, would help address requirements of the growing client base in South Africa, and provide opportunities to local talent.

 

PTC India Financial Services: The Reserve Bank of India (RBI) asked Pawan Singh, MD & CEO, to go on leave, while appointed its Director (finance) Mahendra Lodha as MD and CEO.

 

Loyal Equipments: The company received new order worth Rs 3.55 crore from Linde Engineering to supply gas product skid, and booster turbine skids.