GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 65 points or 0.27% lower at 24,365 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 closed the session 332 points or 1.35% lower at 24,336, while the BSE Sensex fell 1,064 points or 1.30% to close at 80,684.
Stocks to watch on December 18, 2024
NHPC
NHPC plans to raise its total installed capacity to 23 gigawatts (GW) by 2032 from its current capacity of 7.2 GW. By 2047, the company aims to increase the total capacity to more than 50 GW, the company’s Chairman and Managing Director Raj Kumar Chaudhary tells The Financial Express in an interview. The company is optimistic of increasing its net profit to Rs 4,500 crore in the next financial year 2025-26.
Reliance Power
Reliance NU Suntech, a subsidiary of Reliance Power, has been awarded a major contract by the Solar Energy Corporation of India (SECI) for a solar and battery energy storage system (BESS) project. The project is for its 930 MW solar project, along with a 465 MW/1860 MWh BESS component.
Ambuja Cements
Adani Group-owned Ambuja Cements announced the merger of its subsidiaries Sanghi Industries and Penna Cement Industries with itself. In a regulatory filing, the company said that it has entered into a scheme of arrangement with the two aforementioned companies and the proposed schemes provide for the amalgamation of SIL and PCIL with Ambuja Cements.
Exide Industries
Exide Industries has invested around Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription in the equity share capital on a rights basis. With this, the total investment, as of date, made by the company in EESL now stands at Rs 3152.24 crore, including investment made in the erstwhile merged subsidiary Exide Energy Private Limited
REC
Rural Electrification Corporation (REC) has raised Rs 2,195 crore through bonds of different maturities. The state-owned firm has raised Rs 575 crore via bonds maturing in 15 years at a coupon rate of 7.14%. It has also raised Rs 1,620 crore at 7.10% through bonds maturing in 10 years and four months.
» Read More
