GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: Here’s a comprehensive list of stocks to keep in mind before you start your day. From BPCL to Gopal Snacks, you can read about all the stocks that may see action in Wednesday’s trade. Previously, on Tuesday, the NSE Nifty 50 closed the session 178 points or 0.76% lower at 23,381.60, while the BSE Sensex lost 548.39 points or 0.70% to close at 77,311.80.
Stocks to watch on February 12, 2024 BPCL
BPCL is looking to move ahead with its exploration and production projects overseas, including in Brazil and Mozambique, the company’s director-finance Vetsa Rama Krishna Gupta told FE during the ongoing India Energy Week conference. The company will sign a liquefied natural gas (LNG) supply deal with Abu Dhabi National Oil Company (ADNOC) for a period of five years starting in FY26.
ALSO READBPCL to sign 5-year LNG supply deal with ADNOC L&T
Larsen & Toubro (L&T) chairman and managing director SN Subrahmanyan highlighted a severe labour shortage in India’s construction sector, attributing it to workers’ reluctance to migrate to other cities. Speaking at the CII South Global Linkages summit in Chennai, he pointed out that while many parts of the world experience heavy migration, India faces the opposite challenge.
Vodafone Idea
On the back of lower finance costs and a tariff hike in July, Vodafone Idea posted a smaller-than-expected net loss at Rs 6,609.3 crore during the October-December quarter. Its net loss in the preceding quarter was Rs 7,175.9 crore. Revenues during the quarter stood at Rs 11,117.3 crore, marking a 1.7% sequential increase, but below Bloomberg’s estimate of Rs 11,363 crore.
Adani Group
In a big breather to Adani Group, US President Donald Trump has issued an executive order instructing the Department of Justice to pause the enforcement of an almost five-decade-older law. This is the same law used for probing Gautam Adani in the bribery case.
Devyani International
Devyani International witnessed a slight uptick in demand in metro cities in the October-December quarter, non-executive chairman Ravi Jaipuria said on Tuesday. The company reported a net loss of Rs 7.6 crore in Q3 FY25 mainly due to a deferred tax liability of Rs 16.2 crore.
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