Top stocks to watch — Lakshmi Vilas Bank, ​Just Dial, DLF, Tata Steel, ONGC, IIFL, IRCTC and others

• At 7:42 am, the SGX Nifty was down 0.34%, indicating a tepid start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
• Check out the latest news and updates on Business Insider.

Indian stock-market indices are likely to open in negative territory on Wednesday, on the back of subdued cues from the global peers. At 7:42 am, the SGX Nifty was down 0.34%, indicating a tepid start for Nifty50.

US stocks slipped on Tuesday, with the S&P 500 and the Dow Jones industrial average trading lower after closing at record highs on Monday, as traders baulk at spiking virus cases. The Dow Jones Industrial Average closed 167 points lower, and the S&P 500 was down 0.48%.

These are the stocks to watch out for during the trading session today:

Lakshmi Vilas Bank

On Tuesday evening, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at ₹25,000 per depositor. The step was taken by the government, on the advice of the Reserve Bank, in view of the declining financial health of the private sector lender. Meanwhile, the RBI has also placed in the public domain a draft scheme of amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank.

The shares of Lakshmi Vilas Bank ended 0.32% lower on Tuesday.

DLF

DLF gets listed on Dow Jones Sustainability Indices (DJSI), becoming the only Indian realty firm to be included in the DJSI index. The index recognised DLF based on its record for its governance, social and environmental initiatives. DJSI Emerging Markets Index in 2020 recognised 100 companies across industries in emerging markets like China, Brazil, Hong Kong, Mexico, Chile, Thailand, Taiwan, Colombia, amongst others besides India.

The shares of DLF ended 1.4% higher on Tuesday.

Tata Steel

HDFC Mutual Funds reduced its stake in Tata Steel from 5.02% to 2.96% on November 12. The shares of Tata Steel ended 6% higher on Tuesday.

Oil and Natural Gas Corp

ONGC has signed contracts for seven oil and gas blocks it had won in the latest bid round that saw scant participation from the private sector.

The shares of ONGC ended 2% lower on Tuesday.

IIFL Securities

The board of IIFL Securities will meet on November 20 to consider the share buyback proposal.

The shares of IIFL Securities ended 20% higher on Tuesday.

PTC India

Aditya Birla Sun Life Mutual Fund reduced its stake in PTC India from 5.46% to 3.42% on November 12.

The shares of PTC India ended 1.3% higher on Tuesday.

IRCTC

The Indian Railways operator IRCTC cancelled running of two Tejas Express trains due to low occupancy levels owing to Covid-19.

The shares of IRCTC India ended 1.04% lower on Tuesday.

Just Dial

In a BSE filing, Just Dial informed investors that the company is pursuing all legal remedies in the Court to counter the allegations filed by Indiamart Intermesh pertaining to the launch of its proposed B2B project – JD Mart. The company also said that JD Mart platform’s development is running as per the planned schedule, and the product demo is already available on the company’s platforms, which will be launched in due course of time after seeking legal recourse, as may be necessary.

SEE ALSO: Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000

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