GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a flat opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by just 14 points or 0.07% at 21,409, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Friday, the NSE Nifty 50 gained 94.35 points or 0.44% to settle at 21,349.05, while the BSE Sensex ended higher by 214.86 points or 0.34% to 71,106.96.
“The Nifty index displayed volatile movements on the last day of the week but managed to close above the crucial level of 21300. The lower-end support for the index is positioned at 21200, presenting a buying opportunity on any dips toward this level. Sustaining above 21300 could pave the way for further upside momentum, targeting the 21500 level,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch: Eicher Motors, LIC, Cochin Shipyard, Biocon, Oil India, SJVN, Grasim, Alkem Lab, OLA Electric Mobility Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC
Stocks to Watch on December 26, 2023
Adani Green Energy
Adani Green Energy has successfully concluded a power purchase agreement with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power. This agreement marks the completion of the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded by SECI.
Aurobindo Pharma
Aurobindo Pharma’s U.S.-based unit Eugia underwent a pre-approval inspection by the U.S. FDA from Dec. 11-22, resulting in 10 observations.
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Adani Power
Adani Power’s consortium has received a letter of intent from the resolution professional of Coastal Energen after lenders approved the resolution plan.
Zydus Lifesciences
The U.S. FDA conducted an inspection at Zydus Lifesciences’ API site in Ahmedabad from Dec. 14-22, concluding with six observations.
Bank of Baroda
Bank of Baroda has raised its stake in Open Network for Digital Commerce (ONDC) from 5.56% to 8.51% for a sum of Rs 30 crore.
Talbros Automotive Components
Talbros Automotive Components has approved the divestment and sale of its entire 40% stake in Nippon Leakless Talbros to Nippon Leakless Corp. and Leakless Gasket for a consideration of Rs 81.80 crore.
Rites
Rites has signed a Memorandum of Understanding (MoU) with Northeastern Electric Power Corp. for consultancy work.
NHPC
NHPC announces its intention to monetize future cash flows, spanning 8-10 years, from the Kishanganga power station or any other power station during FY 2023–24 or beyond in a single tranche.
AstraZeneca Pharma
AstraZeneca Pharma discloses a Rs 14.1 crore tax demand from the Income Tax Department for the Assessment Year 2021–22.
Power Finance Corp
Power Finance Corp unit incorporates KHAVDA PSl, a wholly owned subsidiary, along with three transmissions, for the development of dynamic reactive compensation at Khavda Pooling Station 1 and Khavda Pooling Station 3.
Crompton Greaves
Crompton Greaves Consumer Electricals introduces ‘CAVELO,’ a new product in the 70W well glass trade category, aimed at catering to the domestic market.
Carysil
Acrysil USA Inc, a wholly owned subsidiary of Carysil Ltd., completes the acquisition of 100% membership interest in United Granite LLC.
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PNC Infratech
PNC Infratech announces that its subsidiary, PNC Unnao Highways, has received a provisional completion certificate on December 25 for an NHAI project worth Rs 1,602 crore.
Muthoot Microfinance
Muthoot Microfinance’s shares are set to debut on the stock exchanges on Tuesday at an issue price of Rs 291 per share.
Suraj Developers
Suraj Developers’ shares are scheduled to debut on the stock exchanges on Tuesday at an issue price of Rs 360 per share.
Motisons Jewellers
Motisons Jewellers’ shares will make their debut on the stock exchanges on Tuesday at an issue price of Rs 55 per share.
