Before the opening bell, take a look at the businesses generating news.
Zomato: Co-founder of Zomato Mohit Gupta has resigned. He had worked with Deepinder Goyal and the colleagues at the large food delivery company for four and a half years. He made the decision to leave Zomato behind and search out new, uncharted adventures.
Tata Motors: The BSE has decided to add Tata Motors in the S&P BSE Sensex index, in place of Dr Reddy’s Laboratories. Also in the S&P BSE 100 and Sensex Next 50 indices, Adani Power and Indian Hotels Company will replace Adani Total Gas, and Hindustan Petroleum Corporation. The changes will be effective from December 19, 2022. In addition, Nxtdigital will be removed from S&P BSE AllCap, Consumer Discretionary, MidSmallCap and SmallCap with effect from November 22 as it is demerging into Hinduja Global Solutions as part of restructuring to separate their media and communication business.
3i Infotech: The stock will be in focus as the IT company has received a contract from Hindustan Petroleum Corporation, for managing and supporting IT infrastructure at HPCL offices, refinery including data centers across pan-India. Total contract value is approximately Rs 51 crore spread across three years.
Advait Infratech: The company has received order from Power Grid Corporation of India under the company’s vertical of emergency restoration system department. The order is worth Rs 18 crore.
Archean Chemical Industries: The speciality chemical company will make its grand debut on the BSE and NSE on November 21. The issue price has been fixed at Rs 407 per share.