GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up 83 points or 0.14% at 21,423, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 jumped 256.35 points or 1.23% to settle at 21,182.70, while the BSE Sensex soared 926.60 points or 1.34% to 70,514.20.
“The index has broken out of consolidation, driven by an increase in long positions compared to short trades among participants. Sentiment remains robust as the index maintains a position comfortably above crucial moving averages. Support is situated at 21,000, where Put writers have significant position. Looking ahead, there’s a potential for the index to advance towards 21,400 and beyond on the higher side.,” said Rupak De, Senior Technical analyst at LKP Securities.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL
Stocks to Watch on December 15, 2023
Adani Enterprises:
Israel-based defence electronics company Elbit Systems Ltd. has acquired a significant 44% stake in a unit of Adani Defence Systems and Technologies Ltd. The collaboration aims to develop and manufacture various autonomous aerial technologies and systems specifically designed for defense applications.
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Hero MotoCorp:
Hero MotoCorp, a prominent two-wheeler manufacturer, has appointed Vivek Anand as its Chief Financial Officer. Additionally, the company has approved the acquisition of an additional 3% stake in Ather Energy for Rs 140 crore.
Genus Power Infra:
Genus Power Infra’s unit has been awarded a letter of intent worth Rs 1,026 crore for the appointment of advanced metering infrastructure service providers. The contract includes the supply, installation, and commissioning of a million smart prepaid meters.
State Bank of India:
State Bank of India is set to acquire a 6.35% stake, comprising 3.7 lakh shares, in Canpac Trends at Rs 1,349 apiece.
Texmaco Rail Engineering:
Texmaco Rail Engineering has secured an order worth Rs 1,374.41 crores from the Ministry of Railways for the manufacturing and supply of 3,400 BOXNS wagons.
Bharat Heavy Electricals:
Bharat Heavy Electricals has signed a Memorandum of Understanding (MoU) with the Central Manufacturing Technology Institute. The collaboration focuses on hydrogen value chain development and IIOT (Industrial Internet of Things) solutions for predictive maintenance of machines and manufacturing processes.
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Jupiter Wagons:
Jupiter Wagons has received a significant order worth Rs 1,617 crores from the Ministry of Railways for the manufacturing and supply of 4,000 BOXNS wagons.
Infibeam Avenues:
Infibeam Avenues has entered the capital markets and digital lending software market by acquiring a 49% stake in Pirimid Fintech for Rs 25 crore.
Jammu and Kashmir Bank:
Jammu and Kashmir Bank has approved the closure of its qualified institutional placement (QIP) after raising Rs 750 crores at an issue price of Rs 107.60 per equity share. This indicates a discount of 4.49% to the floor price of Rs 112.66 per share.
Exide Industries:
Exide Industries has invested Rs 100 crores in its unit, Exide Energy Solutions, bringing the total investment in the unit to Rs 1,780 crore. This strategic move aims to strengthen the company’s position in the energy solutions sector.
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