Stocks To Watch Today on October 22, 2024: Shares in Focus Hyundai Motor India, Ola Electric, Eicher Motors

On Tuesday, October 22, 2024, the domestic equity indices, Sensex and Nifty 50, will likely open a muted note on Tuesday after mixed cues from global markets. Check out a few stocks, which can be in focus during the trading session.

• Hyundai Motor India

Hyundai Motor India shares are set to debut on stock exchanges on Tuesday following its ₹27,870 crore IPO, which was subscribed 2.37 times on the final day. The subscription was driven by qualified institutional investors (6.97 times), while non-institutional investors subscribed 0.6 times, retail investors 0.5 times, and employees 1.74 times.

• Ola Electric

Ola Electric responded to a show-cause notice from the Central Consumer Protection Authority (CCPA), clarifying that it had resolved 99.1% of the 10,644 complaints filed with the CCPA.

• Shriram Finance

The Reserve Bank of India has approved Shriram Finance‘s plan to sell its stake in Shriram Housing to Warburg Pincus affiliate Mango Crest.

• Nelco

Nelco informed the exchanges that the company’s Intelsat’s IS33E satellite experienced a power failure on October 19, disrupting customer services. Intelsat confirmed on October 20 that the satellite cannot be recovered.

• Eicher Motors 

Eicher Motors’ Royal Enfield expanded into Bangladesh with a new flagship showroom in Dhaka, launching models like the Hunter 350, Meteor 350, Classic 350, and Bullet 350.

• MAS Financial Services 

MAS Financial Services entered into a strategic co-lending partnership with UCO Bank to offer financial solutions to micro, small, and medium enterprises (MSMEs).

• Lemon Tree

Lemon Tree Hotels signed a license agreement for a 72-room hotel in Karnataka on Monday.

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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.