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 was trading 11.50 points or 0.04% higher at 24,787 indicating a muted start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 220 points or 0.89% higher at 24,768, while the BSE Sensex rose 843 points or 1.04% to close at 82,133.
Stocks to watch on December 16, 2024
Swiggy
Swiggy launched a new service called “Scenes” under its out-of-home vertical, Dineout. This feature enables users to book parties, events, and live music at Swiggy’s partner restaurants. “Scenes” is currently live in Delhi-NCR, Bengaluru, and Mumbai. In Delhi-NCR, users can access approximately 55 events, including New Year celebrations, Christmas parties, and live music shows.
Reliance Industries
Reliance Industries has bought a 74% stake in an industrial area developer, situated in the country’s financial hub of Mumbai, for Rs 1,628 crore rupees ($192 million).
Aurobindo Pharma
Aurobindo Pharma received an order from the Additional Commissioner (ST), Appellate authority, Vijayawada, Andhra Pradesh, passed under relevant provisions of the CGST Act, 2017 and APGST Act, 2017 for the financial years 2017-18 (from July 2017) to 2019-20 demanding reversal of ITC and payment of GST amounting to Rs 5.68 crore along with an interest of Rs 4.80 crore.
Lupin
Lupin announced the acquisition of trademarks for three anti-diabetes brands — Gibtulio, Gibtulio Met, and Ajaduo — from Boehringer Ingelheim International GmbH. The acquisition is anticipated to enhance Lupin’s diabetes offerings in India., a critical therapeutic segment for the company.
Bharat Forge
Bharat Forge said its wholly-owned subsidiary Kalyani Strategic Systems has announced a €2.50-million investment to acquire a 25% equity stake in Italy-based Edgelab SpA.
Afcons Infrastructure
Afcons Infrastructure, a subsidiary of Shapoorji Pallonji Group, received an LOA from Madhya Pradesh Metro Rail Co., legally confirming the selection and award of the Bhopal Metro Phase 1 project. The 12.915 km stretch of Bhopal Metro’s blue line will cost about Rs 1006.74 crore. It is expected to be completed in 36 months via EPC mode.
RITES
RITES has been awarded a contract worth Rs 297.67 crore by the Ministry of External Affairs (MEA).
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