Home Business Stocks to watch- SBI, NBCC, InterGlobe Aviation, Reliance ,Vedanta, IRCTC, HDFC Bank

Stocks to watch- SBI, NBCC, InterGlobe Aviation, Reliance ,Vedanta, IRCTC, HDFC Bank

Business admin · August 30, 2024 · Comments off

Stocks in Focus: GIFT Nifty traded up 235 points or 1.12% at 21,,260, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 jumped 19.95 points or 0.10% to settle at 20,926.35, while the BSE Sensex gained 33.57 points or 0.05% to 69,584.60.

“After a brief dip, the bulls demonstrated strength by defending the crucial support level of 20800. The index witnessed a sharp recovery from the day’s low to the high point. The overall market sentiment remains bullish, and considering the current levels, traders are advised to initiate fresh long positions. A stop-loss can be set at 20800, targeting potential upside levels of 21400/21500 in the near term,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities

Stocks to Watch on December 14, 2023

Reliance Industries:

Moody’s Investors Service has reaffirmed Reliance Industries’ domestic long-term issuer rating and foreign currency senior unsecured rating at ‘Baa2.

Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL Stocks To Watch: Bharti Airtel, ONGC, BEML, Adani Energy Solutions, Bharti Hexacom, Lupin, Shree Cement

State Bank of India:

State Bank of India (SBI) is set to sign a 70 million Euro line of credit with the German Development Bank, KfW. The funds will be dedicated to supporting solar photovoltaic (PV) projects in India.

NBCC:

National Buildings Construction Corporation (NBCC) has secured a substantial order worth Rs 1,500 crore from the National Cooperative Development Corporation. The project involves the construction of 1,469 warehouses and other agri-infrastructure facilities across India.

RBL Bank:

RBL Bank has successfully acquired an 8.51% stake in the Open Network for Digital Commerce (ONDC) for Rs 40 crore.

HDFC Bank:

HDFC Life, a subsidiary of HDFC Bank, has received regulatory approval for reclassifying Abrdn Mauritius Holdings to the ‘Public’ category from ‘Promoter.’

Biocon:

Biocon’s unit, Bicara, has successfully completed a $165 million Series C funding round. Post-funding, Biocon’s shareholding in Bicara will fall below 20%, leading to Bicara ceasing to be an associate company of Biocon Ltd.

Indian Railway Catering and Tourism Corporation (IRCTC):

IRCTC is set for significant expansion in the non-railway catering business pan India. The company has already signed Memorandums of Understanding (MoUs) with various government and autonomous bodies.

InterGlobe Aviation:

India’s largest airline, IndiGo, has soared past United Airlines to become the world’s sixth-largest airline by market capitalization. As of today, the market capitalization of IndiGo stands at $13.8 billion.

Vedanta:

Vedanta is scheduled to consider and approve the second interim dividend on equity shares on December 18.

GMM Pfaudler:

The Patel Family has acquired a 1% stake in GMM Pfaudler through an inter-se transfer at Rs 1,700 per share. With a shareholding of 25.18%, the Patel Family remains the largest shareholder in the company.

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