GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded muted as the index was trading 24.5 points or 0.10% lower at 24,370 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 217 points or 0.91% higher at 24,131, while the BSE Sensex rose 759 points or 0.96% to close at 79,803.
Stocks to watch on December 02, 2024
Adani Group
Gautam Adani, chairman of the energy-to-infrastructure Adani Group, on Saturday held forth on challenges his conglomerate was facing amid allegations of bribery and fraud pertaining to Adani Green Energy. “Less than two weeks back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger,” he said.
Religare Enterprises
Religare Enterprises has received warning letters from stock exchanges for delaying the disclosure of the Reserve Bank of India’s (RBI) refusal for appointment of Rakesh Asthaana as additional director. The company had received a letter dated May 15 from the central bank, advising its refusal for appointment of Rakesh Asthaana as additional director on the board, but the company disclosed it only on October 24 after the intervention of stock exchanges.
ONGC
ONGC Videsh (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), has completed the acquisition of Norwegian firm Equinor’s stake in an oilfield and an associated pipeline in Azerbaijan for $60 million, the company announced. OVL acquired a 0.615% participating interest (PI) in the offshore Azeri Chirag Gunashli (ACG) oilfield, along with a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Power Mech Projects
Power Mech Projects announced on Friday that the company had bagged an order worth Rs 510 crore (excluding GST) from Adani Power. The order, it added, is related to the performance of Mechanical construction works for 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (Project), at Raikheda village in Raipur District, Chhattisgarh.
Cochin Shipyard
Ministry of Defence signed a contract with Cochin Shipyard for Short Refit and Dry Docking (SRDD) of INS Vikramaditya at an overall cost of Rs 1207.5 crore.
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