Top stocks to watch today, December 17: GIFT Nifty was trading down 41 points or 0.17% at 24,665 indicating a lower 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 lower opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 41 points or 0.07% lower at 24,665 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 100 points or 0.40% lower at 24,668, while the BSE Sensex fell 385 points or 0.47% to close at 81,748.
Stocks to watch on December 17, 2024
Vedanta
Vedanta‘s board has approved the fourth interim dividend of Rs 8.5 per equity share for FY25, amounting to Rs 3,324 crore. The company said in a stock exchange filing that the record date for payment of dividend will be December 24 and it will be paid within the stipulated timeline.
Nuclear Power Corporation
Nuclear Power Corporation of India raised Rs 4,600 crore through 15–year bonds at a coupon rate of 7.14%, reported Business Standard citing sources. Market participants were expecting to price in the range of 7.10–7.15% for the bond issuance, and the final coupon was range bound. The issue received bids worth Rs 13,000 crore, reflecting robust demand from investors.
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Adani Power
The Bombay High Court on Monday dismissed a petition challenging a contract awarded by the Maharashtra government to Adani Group for supply of renewable and thermal power electricity, noting the plea was “unsubstantiated and reckless”. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar also imposed a cost of Rs 50,000 on the petitioner – Shriraj Nageshwar Aepurwar – for the vague petition.
Life Insurance Corporation
Life Insurance Corporation (LIC) has unclaimed maturity amounts of Rs 880.93 crore in 2023-24, Parliament was informed. As many as 372,282 policyholders did not claim maturity benefits during FY2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. During the previous year, the amount worth Rs 815.04 crore belonging to 373,329 policyholders remained unclaimed.
Tata Consumer Products
Tata Consumer Products “will calibrate” its plans to open Starbucks stores in the near term at a time when fewer customers are walking into its cafes in the world’s most populous country, Reuters reported citing its top boss. City dwellers in India are cutting spending on everything from cookies and coffee to fast food as persistently high inflation squeezes middle-class budgets, with wages failing to keep pace.
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Mindspace REIT
Abu Dhabi Investment Authority (ADIA), the world’s second-largest sovereign wealth fund, is likely to divest a 9.2% stake in Mindspace Business Parks REIT through a block deal valued at ]Rs 1,903 crore, reported CNBC TV-18 citing sources.
HDFC Bank
The Securities and Exchange Board of India (Sebi) has issued a warning to HDFC Bank over non-compliance with listing regulations. The warning concerns the delay in disclosing the resignation of Arvind Kapil, the Group Head of the HDFC Bank’s mortgage business.
Wipro
Wipro is set to acquire Massachusetts-headquartered IT services consulting firm Applied Value Technologies (AVT) for $40 million to augment its existing application services capabilities, coming at a time when the IT services major is in the midst of its business turnaround.
