Stocks To Watch On 28 November: Paytm, PB Fintech, Wipro, Others In News

The BSE Sensex fell 47.77 points or 0.07 per cent to settle at 65,970.04. The NSE Nifty slipped 7.30 points or 0.04 per cent to close at 19,794.70
Stocks to watch on 28 November
Stocks to watch on 28 November

Indian benchmark stock indices ended lower for the second consecutive session on Friday, led by selling in IT stocks such as TCS, Infosys, and ITC amid a lack of fresh buying triggers. Buying in banking and pharma stocks helped the bourses limit the losses.

The BSE Sensex fell 47.77 points or 0.07 per cent to settle at 65,970.04. The NSE Nifty slipped 7.30 points or 0.04 per cent to close at 19,794.70.

"The benchmark index traded on a tepid note following the weak German growth data, and trading volume was limited due to the US market holiday on Black Friday and India market holiday on Monday next week. However, the banking index has shown resilience despite the RBI's scrutiny towards unsecured lending by the NBFCs, while the US manufacturing PMI data for November is expected to be below forecast, summarizing caution in the short-term," said Vinod Nair, Head of Research at Geojit Financial Services.

Markets remained closed on Monday on account of Guru Nanak Jayanti.

Top Stocks To Watch On 28 November:

One97 Communications (Paytm)

Warren Buffet-led investment company, BH International Holdings, exited the fintech major by selling its entire stake through open market transactions. It sold 1.56 crore equity shares (2.46 per cent) at an average price of Rs 877.29 per share, amounting to Rs 1,370.6 crore. Foreign investors Copthall Mauritius Investment and Ghisallo Master Fund LP acquired 75.75 lakh shares and 42.75 lakh shares, respectively, sold by BH International.

PB Fintech

The company has made an investment of Rs 350 crore in Policy Bazaar Insurance Brokers Pvt Ltd, its wholly owned subsidiary. The investments aims to strengthen the financial health of the company, enhance brand awareness, office presence, strategic initiatives and meet general operating expenses.


The IT major has helped Stockholm Exergi AB, Stockholm’s energy company, build a new information technology (IT) infrastructure, helping it take a significant step towards achieving its and Stockholm City’s overall climate transformation targets.

Bandhan Bank

The lender’s board approved the re-appointment of Chandra Shekhar Ghosh as the Managing Director and Chief Executive Officer (CEO) of the bank, for a period of three years, with effect from 10 July 2024. The appointment is subject to approval from the Reserve bank of India (RBI).

Indian Overseas Bank

The RBI has imposed a monetary penalty of Rs 1 crore on the public sector bank for non-compliance with certain directions on loans and advances-statutory and other restrictions. The bank sanctioned term loans to three corporate entities without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient to meet the debt servicing obligations.

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