As the market opened Sensex and Nifty stocks surged by 1%. The surge is mostly seen in Tech and consumer durable stocks which indicates positiveness. So, which stocks should you look at on 16th December? Let’s take a look into some stocks which are in the news.
Aero Industries: The company announced to raise Rs 400 Crore through a qualified institutional placement. Shareholders will vote on the proposal on 15th Jan 2025. The board has also approved a Rs 1950 Crore one-time settlement by NSEL Investors Forum.
Afcons Infrastructure: This company has managed to capture a big contract with Madhya Pradesh Rail Corporation for Bhopal Metro. The project is valued at Rs 1007 Crore which focuses on infrastructure.
Aurobindo Pharma: The company has received a positive recommendation for Zefylti by the European Medicines Agency. It also reported a 7.95% rise in consolidated net profit. Currently share prices of Aurobindo Pharma are trading for Rs 1228.50.
Lupin: Recently Lupin Pharma has expanded in diabetes care after acquiring GIBTULIO, GIBTULIO MET, and AJADUO from Boehringer Ingelheim. This expansion is expected to add more strength to the current market share.
HBL Power Systems: The company has cracked an order of Rs 1522.4 Crore with Chittaranjan Locomotive Works. It will supply a Train Collision Avoidance System in 2200 Locomotives to improve security in the railway. The project is expected to be completed within the coming 12 months.
Reliance Industries: Reliance Industries has recently acquired a 74% stake in Navi Mumbai IIA for a total of Rs 1628.03 Crore. The other 26% of Shares will be kept with the City and Industrial Development Corporation (CIDCO). This will make NMIIA a Reliance Subsidiary company.
JSW Energy: JSW Energy has planned to achieve 10GW operational capacity within FY 2025. The company has filed for a petition to recover dues from Maharashtra State Electricity Discom Company (MSEDCL). Tough MSEDCL has also challenged the claim.
RITES: RITES have signed a project for implementation service with the Ministry of External Affairs to construct an Integrated Check Post valued at Rs 297.76 Crore. This Checkpost will enhance India’s border security. Total time to complete the project is expected to be 59 months.
