Stocks to watch today, December 04: GIFT Nifty was trading up 6.5 points or 0.03% at 24,540 indicating a muted start for domestic indices. Here are the top stocks to watch for the day.
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a muted opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded subdued as the index was trading 6.5 points or 0.03% higher at 24,540 indicating a subdued start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 closed the session 181 points or 0.75% higher at 24,457, while the BSE Sensex rose 597 points or 0.74% to close at 80,845.
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Stocks to watch on December 04, 2024
Vodafone Idea
Vodafone Idea’s revenue market share has fallen to an all-time low of 14.5% in the July-September quarter, as the company witnessed share loss in all 22 circles, according to data by Telecom Regulatory Authority of India (Trai).
Swiggy
Swiggy released its fiscal second-quarter earnings report with a loss of Rs 625.53 crore, down from Rs 657.01 crore recorded during the same quarter of the previous financial year. It posted revenue from operations at Rs 3601.45 crore, reporting a growth of 30.33% as against Rs 2763.33 crore recorded during the second quarter of FY24.
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Godrej Properties
Godrej Properties has raised Rs 6000 crore through Qualified Institutional Placement (QIP). The demand for the QIP issue was 4 times the size. After the QIP the GPL’s net worth has increased by more than 50%, meanwhile the equity diluted by 7.68%. GPL’s gearing ratio will come down to below 0.2:1 from 0.7:1.
IndiGo
IndiGo, has filed a trademark infringement suit against Mahindra Electric Automobile in the Delhi High Court, objecting to the use of ‘6E’ in Mahindra’s upcoming electric car, Mahindra BE 6E, set to launch in February 2025.
Reliance Power
Solar Energy Corporation of India has withdrawn the debarment notice issued to Reliance Power, enabling Anil Ambani’s firm to participate in future tenders of the public sector entity. SECI had on November 6 debarred Reliance Power and Reliance NU BESS from participating in any of its tenders for three years for allegedly submitting “fake documents”.
Honasa Consumer
Varun Alagh, co-founder and CEO of Honasa Consumer, has bought shares worth Rs 4.5 crore in the beauty and personal care firm. Alagh, who previously held a 31.88% stake in the company, now holds 31.93% in the firm. Varun Alagh started the company along with his wife Ghazal Algh, who holds 3.07% ownership in the Gurugram-based company.
PB Fintech
PB Fintech, the parent company of Policybazaar, board of directors has given approval to incorporate a healthcare subsidiary that will undertake healthcare and allied services. The company will offer health services through the proposed subsidiary, PB Healthcare.
