Stocks to Watch: SpiceJet, Go Fashion, Tata Motors, Concor, Indian Oil, and Others
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Last Updated: June 12, 2023, 08:44 IST Stocks to watch on June 12: The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,684.50, up 74.5 points or 0.40% from the previous close. SpiceJet: Wilmington Trust, one of SpiceJet’s aircraft lessors, has moved the National Company Law Tribunal (NCLT) to initiate an insolvency process against the airline for non-payments of dues. The first hearing of this case will take place today. Go Fashion: The India arm of US venture capital firm Sequoia Capital plans to sell a 10 per cent stake in Go Fashion (India) worth Rs 625 crore. The transaction is likely to happen on Monday in block deals at a floor price of Rs 1,135 a share. Tata Motors: The company has fixed July 29 as the record date for determining the entitlement Of members to receive final dividend for FY23. Container Corporation of India (Concor): The disinvestment of state-run firm may be d...