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Stocks to enjoy: Shares of companies like Mobikwik, BPCL, Coal India, Power Grid, Airtel, NESCO, and others will certainly remain in concentrate on Tuesday’s profession
Stocks to enjoy (Representative/ PTI File)
Stocks To Watch On January 7: Markets saw a sharp recession, eliminating over 1.5% of current gains. In today’s session, supplies of Mobikwik, BPCL, RIL, Bharti Airtel, Coal India, and others are most likely to attract focus as a result of current advancements.
Earnings Reports Today: Mobikwik, GM Breweries, Krishna Ventures, Leel Electricals, UH Zaveri, VIRTUAL REALITY Woodart, and others will certainly introduce their quarterly outcomes on January 7.
Adani Power: The Supreme Court has actually accepted evaluate Adani Power’s allure versus the Punjab State Electricity Regulatory Commission’s being rejected of a 2006 power acquisition contract (PPA) in between the previous Udupi Power Corporation and a Punjab state discom.
RIL: Reliance Consumer Products (RCPL) has actually gone into the rehydration market with the launch of RasKik Gluco Energy.
Nuvoco Vistas Corp: Nuvoco Vistas Corp, component of the Nirma Group, introduced that it has actually become the effective candidate for Vadraj Cement in a business bankruptcy resolution procedure (CIRP). The firm defined it as a “value-buy” but did not disclose the transaction value.
Adani Enterprises: Adani Petrochemicals, a subsidiary of Adani Enterprises, completed the incorporation of Valor Petrochemicals Limited (VPL), a 50-50 joint venture with Thailand’s Indorama Resources Limited, on January 4.
Macrotech Developers: Macrotech Developers (Lodha) reported its highest-ever quarterly pre-sales of Rs 4,510 crore in Q3FY25, marking a 32% year-on-year growth.
Coal India: Coal India Limited has signed a non-binding Memorandum of Understanding (MoU) with IREL (India) Limited to collaborate on the development of critical minerals.
NMDC/KIOCL: Reports suggest that the Indian steel ministry is considering a merger between state-run KIOCL and NMDC. Post-merger, NMDC plans to export iron ore pellets from KIOCL.
BPCL: State-owned refiner BPCL has given in-principle approval for an IPO of Maharashtra Natural Gas Ltd (MNGL), a joint venture with GAIL and Indraprastha Gas (IGL).
ICICI Securities: ICICI Securities has resolved a matter with the Securities and Exchange Board of India (Sebi) by paying a Rs 40.2 lakh penalty for alleged misuse of terminals and monitoring lapses concerning its authorized persons.
Airtel/Vodafone Idea (Vi): Bharti Airtel and Vodafone Idea (Vi) have sold their entire stake in Wi-Fi infrastructure firm Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, according to regulatory filings.
Arkade Developers: Arkade Developers will redevelop three residential projects in Mumbai, expecting to generate Rs 2,150 crore in revenue. The projects are located in key micro-markets of Mumbai’s western suburbs.
Info Edge: The parent company of Naukri.com reported a 15.8% increase in standalone billings, reaching Rs 668.3 crore, up from Rs 576.9 crore last year. Its recruitment solutions business saw a 15.2% growth, totaling Rs 494 crore compared to Rs 428.9 crore.
NESCO: NESCO has been declared the highest bidder by the National Highways Logistics Management for the development, operation, and maintenance of Wayside Amenities across three sites in the South Zone of the Bengaluru-Chennai Expressway Corridor (Phase II). The estimated development cost is Rs 75 crore per site, with projected annualized revenue of Rs 350 crore from the fourth year of operations.
Ashoka Buildcon: Ashoka Bowaichandi Guskara Road, an arm of Ashoka Buildcon, has signed a concession agreement with the National Highways Authority of India (NHAI) for the development of a 4-lane Economic Corridor in West Bengal under the Hybrid Annuity Mode. The project cost is Rs 1,391 crore.
Power Grid Corporation: Power Grid Corporation has successfully bid for two projects to develop the interstate transmission system on a build, own, operate, and transfer (BOOT) basis. The projects will involve the augmentation of under-construction substations in Gujarat and Karnataka.
Vakrangee: Vakrangee has renewed its agreement with the Bank of Baroda to continue offering business correspondent (BC) banking and comprehensive financial inclusion services across India through Vakrangee Kendra outlets.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
