As the trading week progresses, several companies are making headlines due to major developments that could influence stock market trends. From government scrutiny to international partnerships, here is the list of top 10 stocks to watch today and why they matter to investors.
1. Adani Power
Adani Power is under the scanner as the Andhra Pradesh government considers renegotiating or terminating a power supply agreement for a 7,000 MW solar project. Apart from this Bangladesh has also halved its power purchases from Adani Power due to lower winter demand and unresolved dues worth hundreds of millions of dollars.
2. Tata Power
The Delhi High Court has sought responses from key stakeholders regarding Tata Power’s challenge to a coal ministry decision that reduced compensation linked to the deallocation of the Mandakini Coal Block in Odisha.
3. Bajaj Finance
Bajaj Finance is about to end its co-branded card partnership with DBS Bank, following its recent decision to terminate a similar collaboration with RBL Bank. According to analysts, this strategic shift could significantly impact its credit card business.
4. Ambuja Cements
Adani Group’s Ambuja Cements has teamed up with Finland-based Coolbrook to integrate advanced technology and engineering solutions into the cement manufacturing process, signaling a push toward modernization and sustainability.
5. Shriram Properties
Shriram Properties is gaining attention as SEBI approved its indirect acquisition by Chairman and Managing Director Murali Malayappan. This move could shape the company’s future leadership and strategic direction.
6. Wipro
IT major company Wipro is trading ex-bonus today after its 1:1 bonus issue of shares. December 3 was set as the record date, making this a critical watch for investors.
7. Cipla
Cipla’s founders, Samina Hamied and Rumana Hamied, sold a 1.72% stake in the company, raising Rs 2,111 crore at an average price of Rs 1,518.75 per share. This development is likely to affect investor sentiment.
8. Solar Industries
Solar Industries has managed to grab an export order worth Rs 2,039 crore for supplying defense products. This significant order is expected to enhance its market outlook and financial performance.
9. BPCL
Bharat Petroleum Corporation Limited (BPCL) has recently signed an MoU with Coal India. It will develop a coal-to-synthetic natural gas project at Western Coalfields using a surface coal gasification process.
10. Pricol
Pricol has announced plans to acquire the plastic component division of Sundaram Auto Components for Rs 215.3 crore. Additionally, the board has approved an investment of up to Rs 120 crore in Pricol Precision Products.
