GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 14.50 points or 0.06% higher at 24,749 indicating a subdued start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed the session 32 points or 0.13% higher at 24,641, while the BSE Sensex rose 16 points or 0.02% to close at 81,526.
Stocks to watch on December 12, 2024
ONGC
ONGC is discussing technology tie-ups with global energy giants like Shell and Petronas for several offshore gas fields. The company has also firmed up plans to start drilling operations in a clutch of new fields, including the promising DWN-98/2 block in the deep waters of the Bay of Bengal, in a bid to arrest a declining trend in hydrocarbon production. “We expect oil production to start growing again in the next couple of years,” a senior company executive told FE.
Also Read Stocks To Watch: Tata Power, Vodafone Idea, Mahindra & Mahindra, Power Finance Corp, Biocon, Tata Motors, Metropolis Healthcare Stocks To Watch: Tata Power, Godrej Consumer Products, Welspun Corp, Suven Pharma, Delta Corp, Paytm, Easy Trip Planners Stocks To Watch: Adani Power, ONGC, Tata Consumer, Swiggy, Torrent Power, Pricol, HUL Stocks To Watch: ONGC, ZEEL, SBI, Reliance Industries, Sun Pharma, PCBL, SAIL
Jubilant Foodworks
Coca-Cola announced it had agreed with Jubilant Bhartia Group to sell a 40% stake in Hindustan Coca-Cola Holdings. HCCH is the parent company of Hindustan Coca-Cola Beverages, Coca-Cola’s largest bottler in India. Individuals familiar with the deal at Bhartia Group have signed non-disclosure agreements with the beverage major, reported Business Standard citing sources. However, media reports suggest the deal is pegged at around Rs 12,500 crore, valuing HCCB at Rs 31,250 crore.
Reliance Power
Reliance NU Suntech, a subsidiary of Reliance Power, has bagged a 930 MW solar energy contract for battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI) in an e-reverse auction held on December 9.
Reliance Infrastructure
The Supreme Court on Wednesday issued a contempt notice to Reliance Infrastructure subsidiary Delhi Airport Metro Express Pvt Ltd (DAMEPL), its managing director (MD),
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