Stocks to watch: Adani Power, RVNL, and Tata Group make key moves. Discover earnings and partnerships.
With key economic updates and corporate earnings around the corner, investors are actively tracking stock movements across sectors to make informed decisions and navigate market trends.
As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on Wednesday, January 8. Here’s a look at the key stocks to watch in today’s trade.
Stocks in Focus: GIFT Nifty was trading 42.50 points or 0.18 per cent higher at 23,715.50 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday.
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Sensex and Nifty close lower on January 7
The Indian stock markets wrapped up the day on a positive note on January 7, with both key indices posting gains. The benchmark Sensex rose by 234.12 points, or 0.30%, to close at 78,199.11, while the broader Nifty climbed 91.85 points, or 0.39%, to settle at 23,707.90.
Quarterly watch: Key earnings announcements on January 8
On January 7, the quarterly earnings of companies such as Adarsh Mercantile, Reliance Home Finance, Transformers and Rectifiers, Vivid Mercantile are scheduled to be announced.
Stocks to watch on January 8, 2025
Adani Power
CARE Ratings assigned a ‘CARE AA; Stable’ rating to Adani Power’s proposed non-convertible debentures and reaffirmed its bank loan ratings.
“This is to inform CARE Ratings Limited has assigned ‘CARE AA; Stable’ credit rating to the proposed Non-Convertible Debentures (NCD) of Adani Power Limited and reaffirmed the credit ratings assigned to the company’s bank loan facilities,” the company said in a BSE filing.
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RVNL
Rail Vikas Nigam Ltd signed an MoU with Dubai-based GBH International Contracting LLC to collaborate on infrastructure projects in the Gulf Cooperation Council (GCC) region.
“This is to inform you that Rail Vikas Nigam Limited (RVNL) has signed MoU with M/s GBH International Contracting LLC (GBHIC), a Dubai, United Arab Emirates-based Company,” RVNL announced in its filing.
Tata Steel
The company reported a 6.17% YoY rise in crude steel production for Q3FY25, reaching 5.68 million tonnes, driven by its new blast furnace at Kalinganagar.
NTPC
NTPC incorporated a new subsidiary, NTPC Parmanu Urja Nigam Ltd, to lead its nuclear energy ventures.
“NTPC PARMANU URJA NIGAM LIMITED has been incorporated on 07.01.2025 as a wholly owned subsidiary of NTPC Limited for undertaking Nuclear Energy Business,” added the company in the regulatory filing.
Jindal Worldwide
Jindal Worldwide announced the issuance of bonus equity shares in a 4:1 ratio, offering four fully paid-up equity shares for every existing share held by eligible shareholders.
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Tata Technologies
Tata Technologies has partnered with Telechips, a global leader in automotive semiconductor solutions, to advance their automotive technologies. The announcement was made during CES 2025.
Tata Elxsi
Tata Elxsi has entered into a strategic partnership with CSIR-National Aerospace Laboratories (CSIR-NAL) to drive innovations in air mobility.
Ola Electric Mobility
Ola Electric has been flagged by SEBI for a compliance lapse. The issue stems from Chairman Bhavish Aggarwal sharing plans for a major store expansion on social media before notifying stock exchanges, violating timely disclosure norms for listed companies.
In a separate development, the Karnataka High Court has granted Ola six more weeks to respond to the Central Consumer Protection Authority’s request for additional documents and details.
Birlasoft
IT services provider Birlasoft announced the resignation of Roopinder Singh, its Chief Executive Officer for the Americas, citing personal reasons.
Andhra Paper
The company lifted the lockout at its Rajahmundry plant, resuming operations from January 7, 2025, at 6:00 AM.
WPIL
Gruppo Aturia, WPIL’s European subsidiary, acquired 100% of MISA S.R.L, an Italian industrial firm.
