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Stocks to Watch Out for on December 9 — from TCS to Coal India

Representative image.

Representative image.

Indicating a positive start for Nifty 50 and Sensex, the SGX Nifty was trading 36.00 points or 0.27 percent higher at 13,451.50 at 7 am.

The commencement of the coronavirus vaccine rollout in the UK has fuelled optimism among investors. This makes it likely that the Indian market will open on a higher note. Indicating a positive start for Nifty50 and Sensex, the SGX Nifty was trading 36.00 points or 0.27 percent higher at 13,451.50 at 7 am.

Let us take a look at some of the important stocks for investors to watch out for today:

TCS: A new Blockchain-based Digital Bank Guarantee Platform in Israel has been launched by the company. The anchor customer for this platform is Bank Hapoalim.

Wipro: From January 1, 2021, the company will give wage hikes to junior employees.

JSW Steel: The crude steel output for November rose 3 percent on-year to 13.32 lakh tonnes.

Tata Steel: The company’s outlook has been revised by S&P from stable to negative. It has also given the company a B+ rating.

AstraZeneca Pharma India: As per the data published in the reputed medical journal Lancet, the vaccine created by Oxford University and AstraZeneca can safely prevent Covid-19.

Pfizer: On the basis of two separate analyses by The US Food and Drug Administration (USFDA), the authority considers that the Covid-19 vaccine created by Pfizer has a 'favourable safety profile'.

YES Bank: The rating of Tier I Subordinated Perpetual Bonds (Basel II) has been increased to BWR BB+/ Stable by Brickwork Ratings.

Indian Bank: By issuing bonds on a private placement basis, the company has raised Rs 1,048 crore.

ICICI Bank, ICICI Securities: At a floor price of Rs 440 per share, ICICI Bank will sell up to 2.21 percent stake in ICICI Securities via OFS on December 9 and 10.

Prestige Estates Projects: The acquisition of some assets of the company by Blackstone has been approved by The Competition Commission of India (CCI).

Coal India: In April to October 2020, the company registered a 27.7 percent rise to 16.48 million tonnes in coal allocation to the power sector under special e-auction.