Stocks To Watch Today on December 31, 2024: Adani, RIL, ITC, and More
The GIFT Nifty futures were down 159.7 points, trading at 23,657 as of 7:30 AM. In the prior session, the Sensex dropped 450.94 points (0.57%) to close at 78,248.13, while the NSE Nifty50 declined by 168.50 points (0.71%) to settle at 23,644.90.
Key Stocks to Watch
Adani Enterprises plans to divest its 44% stake in the FMCG joint venture, Adani Wilmar (AWL). The sale, to be executed in 2 tranches, is expected to raise $2.2 billion (₹18,817 crore) for the group.
RIL is offering crude oil from its KG-D6 offshore block at a premium of at least $3.5 per barrel over international benchmark prices, as per a tender released on Monday.
Lupin has strengthened its diabetes portfolio by acquiring Huminsulin in India from Eli Lilly.
CEO Amit Singh will transition to lead the International Energy Business of Adani Group starting April 1, 2025. Ashish Khanna, the current CEO of the international division, will take over as CEO of Adani Green Energy.
The National Company Law Tribunal (NCLT), Kolkata, has approved the demerger of ITC’s hotel business, effective December 16. ITC Hotels is set to be listed within 60 days, with January 6, 2025, as the record date for determining eligible shareholders.
India’s IT services sector is projected to grow 7-9% in FY26, fueled by increased spending in BFSI and generative AI across the US and Europe.
Hindalco is preparing to start production at the Meenakshi coal mine in Odisha by 2028. The mine has a peak-rated capacity of 12 million tonnes per annum and reserves of 285.23 million tonnes.
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