Top stocks to watch today, December 19: GIFT Nifty was trading down 310 points or 1.28% at 23,945 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 negative opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 310 points or 1.28% lower at 23,944 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed the session 137 points or 0.56% lower at 24,199, while the BSE Sensex fell 502 points or 0.62% to close at 80,182.
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Stocks to watch on December 19, 2024
NHPC
State-run hydro power company, NHPC is under discussions with the Bhutan government to form a joint venture company to undertake hydropower projects in the country, a senior executive of the company told FE. The move comes amid the company’s plan to expand its business overseas.
Infosys
The country’s second-largest IT services firm, Infosys, inaugurated a state-of-the-art development centre (DC) in New Town, Kolkata, marking a major milestone in West Bengal’s IT growth story. Built with an investment of over Rs 426 crore, the 320,000 sq ft facility is designed to accommodate over 4,000 employees in a hybrid working model.
InterGlobe Aviation
IndiGo has proposed to the Directorate General of Civil Aviation (DGCA) a step-by-step increase in the weekly rest period for pilots, saying it wants the implementation to begin from June 2025, reported Business Standard. The airline has opposed any increase in the “night duty window,” which refers to the period between 12 am and 5 am during which operations are subject to stricter fatigue management regulations, as it could have a “severe operational impact”.
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IndusInd Bank
Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it.
Welspun Corp
Welspun One, the logistics and industrial property arm of Welspun group, plans to raise Rs 4,000 crore to fund its expansion. The platform plans to double its portfolio size from 16 million square feet to around 32 million sq ft by 2028. It has already identified a pipeline of approximately 8 million sq ft across multiple assets.
Punjab and Sind Bank
Punjab & Sind Bank raised Rs 3,000 crore from the issuance of maiden infrastructure bonds aimed at expanding infra lending. The bank received total bids of Rs 6,031 crore against the base issue size of Rs 500 crore, Punjab & Sind Bank said in a regulatory filing.
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Piramal Enterprises
Piramal Capital & Housing Finance Limited (PCHFL), a wholly-owned subsidiary of Piramal Enterprises, is seeking counterbids to sell two pools of non-performing loans (NPLs) worth Rs 550 crore through a Swiss challenge auction, triggered by an anchor bid of Rs 118 crore. The anchor bid for the asset translates into a recovery of 21.45% for PCHFL. The Swiss auction is scheduled for December 27.
Shriram Finance
Shriram Finance has raised $1.27 billion through a syndicated external commercial borrowing (ECB) in various currencies, making it the largest such loan secured by a domestic private non-banking finance company (NBFC). The loan was arranged by 12 leading banks, including the development institution International Finance Corporation (IFC), and has a tenor of up to five years.
