Stock market today: Strong opening expected, action could be seen in these stocks including Reliance Power

News Topical, Digital Desk : After Wednesday's rally, the stock market may again have a strong start on Thursday. Around 7:15 am, Gift Nifty is down 93 points or 0.36 per cent at 26,146.
New hopes regarding the India-US trade agreement, improved prospects of a global rate cut, and strong buying in IT and PSU banking stocks have together improved market sentiment. Analysts are now expecting the market to maintain its positive momentum, and specific levels may guide short-term movement.
Meanwhile, let us know which stocks may see movement on Thursday.

Q2 Results Today

Jaiprakash Associates, Mangalam Drugs & Organics, Bharat Global Developers, Dynamic Products, Goyal Associates and Victoria Enterprises will release their quarterly results on November 20.

NBCC (India) - The company has received an order worth Rs 2,966.1 crore from Nagpur Metropolitan Region Development Authority for project management consultancy for the development of Naveen Nagpur under NMRDA – Phase 1.

Adani Enterprises, Jaiprakash Associates - The Committee of Creditors (CoC) of Jaiprakash Associates, a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, has approved the resolution plan submitted by Adani Enterprises.

JK Tyre and Industries - The company's subsidiary JK Tornel, S.A. de C.V. has agreed to sell 40 lakh equity shares of subsidiary Cavendish Industries to SMMS Trust for Rs 130.64 crore.

Medi Assist Healthcare Services - Paramount Health Services & Insurance TPA, a wholly-owned subsidiary of the Company, has reported a cyber-security incident that impacted some of its systems and services.

CG Power and Industrial Solutions - The company has received a tax demand notice of Rs 365 crore from the Income Tax Department for the assessment year 2018-19.

Godawari Power and Ispat - The company has invested Rs 124.95 crore for capex and working capital requirements to set up a battery energy storage system plant with an initial capacity of 10 GWh at its subsidiary Godawari New Energy.

Reliance Power - The Board of Directors has approved the creation of a Board of Management (BOM) comprising the CEO, key managerial staff and senior business leaders of the company to ensure stronger governance, better oversight systems and a more agile and future-ready organisation.

Mahindra Holidays - The company has entered the 'leisure hospitality' business segment, which will be operated by its subsidiary—Mahindra Hotels & Residences India—under the Mahindra Signature Resorts brand.

SpiceJet - The board has allotted 83,34,091 equity shares (0.55% of paid-up equity) to aircraft leasing company GASL Aviation Holdings on a preferential basis under the non-promoter category at Rs 42.32 per share, after converting outstanding dues of $4 million.

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