Stocks to Watch

Stocks
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Stocks To Watch Today on December 13, 2024: Zomato, L&T, Tata Motors, Axis Bank & More Can be in Focus

On December 13, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to be impacted amid negative global market cues. Check out a few stocks that might be in focus during the trading session.

  • Axis Bank

Axis AMC, Axis Bank’s mutual fund arm, has opened a branch at GIFT City, India’s top international financial hub.

  • NBCC

NBCC has been appointed to manage and complete Supertech Ltd’s 16 real estate projects for nearly ₹9,500 crore.

  • L&T

L&T’s L&T-Cloudfiniti got its first major client at its hyperscale data centre in Sriperumbudur, near Chennai.

  • JK Tyre

Germany’s DEG is providing JK Tyre with a €30 million (₹267 crore) long-term loan.

  • Titan

Titan’s luxury brand Zoya plans to open 20 new stores in the next 3-4 years, starting with its Kolkata launch in East India.

  • Zomato

The GST department in Thane has raised a tax demand of ₹803.4 crore on Zomato, including interest and penalties.

  • Tech Mahindra

Tech Mahindra has collaborated with ServiceNow to launch One E2E, a GenAI-powered enterprise service management platform.

  • Tata Motors

Tata Motors announced that it will increase the prices of trucks and buses by up to 2% starting January 1, 2025.

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.

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Stocks to Watch Today on December 16, 2024: RIL, Lupin, Dixon, and More

Indian markets may face a cautious start on Monday, December 16, with GIFT Nifty futures down by 66 points at 24,774.

On Friday, the markets ended on a strong note. The BSE Sensex climbed 843 points (1.04%) to close at 82,133.12, while the Nifty50 rose 219 points (0.89%) to finish at 24,768.30.

* Reliance Industries

Reliance Industries has acquired a 74% stake in Navi Mumbai IIA Private Limited for ₹1,628 crore, with the remaining 26% retained by CIDCO. This acquisition reinforces RIL’s position in key infrastructure projects.

* Dixon Technologies

Dixon Technologies has signed a binding term sheet with Vivo India for a joint venture. The collaboration aims to expand Dixon’s OEM business in smartphone and electronics manufacturing.

* Lupin

Lupin has strengthened its diabetes portfolio by acquiring three trademarks from Boehringer Ingelheim: Gibtulio, Gibtulio Met, and Ajaduo. These trademarks are expected to be transferred by March 2025.

* Aurobindo Pharma

Aurobindo Pharma’s subsidiary CuraTeQ Biologics has received EMA approval for its biosimilar Zefylti, designed to treat neutropenia and mobilize peripheral progenitor cells.

* Afcons Infrastructure

Afcons Infrastructure secured a contract worth ₹1,007 crore from MP Metro Rail Corporation for the development of a metro rail project.

* RITES

RITES has been awarded a ₹297.67 crore contract by the Ministry of External Affairs to build an Integrated Check Post. The project is scheduled for completion within 59 months.

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.

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Stocks To Watch Today on December 17, 2024: Indus Towers, Vedanta, Religare, and More in Focus

Indian markets are expected to open on a weak note, as GIFT Nifty futures trade 80 points below Nifty50 futures at 24,658. On Monday, the Sensex fell by 384 points to close at 81,748.57, while Nifty50 dropped 100 points, ending at 24,668.25.

Key Stocks to Watch

  • Indus Towers

Indus Towers has secured a favourable verdict from the tax tribunal regarding asset depreciation linked to a merger, reducing its contingent liabilities by ₹3,500 crore.

  • Religare Enterprises

Care Health Insurance, a subsidiary of Religare, received a show-cause notice and advisory letter from IRDAI following an inspection conducted in 2021.

  • Wipro

Wipro plans to acquire Applied Value Technologies and its affiliates for $40 million to enhance its business operations.

  • Texmaco Rail & Engineering

Texmaco Rail & Engineering has won a new order worth ₹187 crore, strengthening its project pipeline.

  • Varun Beverages

Varun Beverages has acquired a 39.93% stake in LunarMech to further expand its equity investments.

  • RVNL (Rail Vikas Nigam Limited)

RVNL has secured an order valued at ₹270 crore from Maharashtra Metro Rail Corporation, boosting its project portfolio.

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.

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Stocks to Watch Today on December 18, 2024: Ambuja Cements, LTIMindtree, JSW Energy, and More

Indian equities might be impacted today, as suggested by GIFT Nifty futures, which were trading 57 points below Nifty50 futures at 24,359.

On Tuesday, the markets closed in negative territory. The BSE Sensex dropped by 1,064 points (1.30%) to 80,684.45, while the Nifty50 fell 332 points (1.35%) to settle at 24,336.

Key Stocks to Watch

  • Ambuja Cements

Ambuja Cements announced the merger of its subsidiaries, Sanghi Industries Ltd (SIL) and Penna Cement Industries Ltd (PCIL). As per the merger scheme, Ambuja will issue 12 equity shares of ₹2 each for every 100 equity shares of SIL with a face value of ₹10. This move supports the company’s expansion plans.

  • LTIMindtree

LTIMindtree obtained an interim stay from the Karnataka High Court in a dispute concerning tax refunds and zero-rated supply benefits. The case contests a central tax order, with further hearings pending.

  • Aurobindo Pharma

The US FDA completed an inspection of Aurobindo Pharma’s API manufacturing facility in Telangana from December 9 to 17, 2024. The inspection resulted in two procedural observations.

  • JSW Energy

JSW Energy and LG Energy Solution are nearing an agreement to form a $1.5 billion joint venture for manufacturing EV and renewable energy storage batteries. LG will provide technology, while JSW will invest capital.

  • Piramal Enterprises

Piramal Enterprises’ Administrative Committee is set to meet on December 20, 2024, to consider a public issuance of non-convertible debentures (NCDs).

  • Exide Industries

Exide Industries has infused ₹100 crore into its subsidiary, Exide Energy Solutions Ltd, bringing the total investment to ₹3,152.24 crore. The funds will support a greenfield lithium-ion battery project in Bengaluru.

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.

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Stocks to Watch Today: December 19, 2024 – ITC, BoB, Asian Paints, Lupin and More

Indian equities may face pressure as GIFT Nifty futures trade 245 points below Nifty50 futures at 23,912.

On Wednesday, markets ended in the red, with the BSE Sensex declining 502 points (0.62%) to 80,182.20 and Nifty50 falling 137 points (0.56%) to 24,198.85.

Key Stocks in Focus

  • ITC

Ahead of its hotel business demerger in January 2025, ITC has raised its stake in Oberoi (EIH) to 16.13% and in Leela (HLV) to 8.11%. This move consolidates its hospitality holdings under the parent company following a board decision in October 2024.

  • Bank of Baroda (BoB)

Bank of Baroda has approved raising ₹10,000 crore through long-term bonds to finance infrastructure and affordable housing projects. The bonds may be issued in phases during FY25 and beyond, depending on market conditions.

  • Asian Paints

Asian Paints announced that 2 senior executives, Shyam Swamy (VP, Home Improvement & Retail) and Vishu Goel (AVP, Retail Sales & Marketing), have resigned. Reasons for their exits, effective immediately, were not disclosed.

  • Lupin

Lupin has received US FDA approval to market a generic version of HIV drug Descovy. This grants the company 180 days of shared exclusivity in the US market for its Emtricitabine and Tenofovir Alafenamide tablets.

  • Brigade Enterprises

Brigade Enterprises has launched Brigade Citrine, India’s first net-zero residential project, in Whitefield, Bengaluru. The project, valued at ₹500 crore, includes 420 eco-friendly units designed to conserve water and use renewable energy for common areas.

  • IOL Chemicals

IOL Chemicals plans to hold a board meeting on December 27, 2024, to discuss a potential stock split of its ₹10 face value equity shares.

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.

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Stocks To Watch Today on December 20, 2024: Exide, Bharti Airtel, JK Cement, and More

Indian markets are expected to be impacted on Friday, as GIFT Nifty futures were trading 86 points lower than Nifty50 futures at 23,932.

On Thursday, the Sensex fell 964 points (-1.20%) to 79,218.05, and the Nifty50 declined 247 points (-1.02%) to 23,951.70.

Key Stocks to Watch

  • Exide Industries

Exide Energy Solutions, a subsidiary of Exide Industries, has entered into an agreement with Hyundai Motor India to supply lithium-ion cells and battery packs for its EV lineup in India.

  • Bharti Airtel

Bharti Airtel has prepaid ₹3,626 crore to the Department of Telecommunications, settling all dues related to the spectrum acquired in 2016.

  • JK Cement

JK Cement has won the bid for the Mahan coal mine in Madhya Pradesh. The mine has geological reserves of 107.4 million tonnes and an annual peak-rated capacity of 1.2 million tonnes.

  • Amara Raja Energy & Mobility

Hyundai Motor India will incorporate AMARON AGM batteries into its domestic vehicle lineup as part of an existing procurement agreement.

  • Deep Industries

Deep Industries received a ₹62 crore Letter of Award (LOA) from Selan Exploration for providing drilling services.

  • KPI Green Energy

KPI Green Energy has set January 3 as the record date for a 1:2 bonus issue. Additionally, it has signed an MoU with the Rajasthan government to develop hybrid solar and wind energy projects in Jaisalmer.

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.