Stocks To Watch: Vodafone, Indus Tower, Infosys, Bharat Forge, Larsen & Toubro, Torrent Pharma

Investors should be on the lookout for several key stocks as they prepare for the upcoming trading session. Notable companies include Vodafone, Indus Tower, Infosys, Bharat Forge, Larsen & Toubro, and Torrent Pharma.

Key Developments in the Market

Several companies are expected to draw attention before the trading day on Thursday. Vodafone Idea Ltd., Sonata Software Ltd., and Muthoot Microfin Ltd. are among the top names to consider. Vodafone's board is set to discuss a potential fundraising initiative of up to Rs 2,000 crore at a meeting scheduled for December 9. Furthermore, the company plans to sell a 3% stake in Indus Towers with the goal of using the generated funds to reduce borrowings of Vodafone Idea.

Fusion Finance Ltd. has also approved a rights issue aimed at raising up to Rs 800 crore. This initiative allows the company to maintain the option to undertake a preferential issue of no more than 20% of the overall size.

Individual Company Highlights

• Indus Tower: Vodafone intends to sell 3% of their stake in the company to alleviate the debt burden of Vodafone Idea.

• Vodafone Idea: As mentioned, the board will review plans to raise up to Rs 2,000 crore on December 9.

• Fusion Finance: Fundraising strategy includes a rights issue of up to Rs 800 crore, with options for further preferential share issuance.

• Muthoot Microfin: This microfinance institution has announced its third reduction in interest rates this year, lowering rates for income-generating loans to 23.05% and for third-party product loans to 22.7%.

• Suraj Estate Developers: The company's subsidiary has successfully acquired land in Mahim, Mumbai, with a gross development value estimated at Rs 525 crores.

• Dynamic Services and Security: The company received an approval letter to start a solar project from the Maharashtra Government, with a capital investment of Rs 1,080 crore.

• Torrent Pharmaceuticals: The company has entered into an agreement with Boehringer Ingelheim for the acquisition of three anti-diabetes brands.

• Infosys: The company is set to enhance its operations significantly through a new agreement with Kardex, utilizing SAP S/4HANA.

• Indraprastha Gas: The company's board will review a proposal for issuing bonus shares on December 10.

• Larsen & Toubro: Recent reports indicate that the company has finalized the acquisition of a 15% stake in E2E Networks via preferential allotment.

• Bharat Forge: The indicative offer price range for its qualified institutional placement (QIP) has been set between Rs 1,290 and Rs 1,320 per share.

• PG Electroplast: The board has approved a QIP opening today, setting a floor price of Rs 705.18 per share.

As the markets prepare for December 5, analysts indicate that the Nifty 50 index shows potential for upward movement toward the 24,900 mark.

Stocks, Vodafone, Infosys