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Stocks To Watch: Stocks like Vedanta, Wipro, Zomato, RVNL, HDFC Bank and others are anticipated to be within the highlight
Stocks To Watch: Check Latest Market Trend On December 17
Stocks To Watch Today: Benchmark indices Sensex and Nifty ended decrease on Monday as buyers remained cautious forward of the US Fed’s rate of interest determination amid weak world cues. Selling stress within the steel and IT sectors,
couple
d with a weak rupee and sluggish Chinese financial information, dampened investor sentiment.
In in the present day’s session, shares like Vedanta, Wipro, Zomato, RVNL, HDFC Bank and others are anticipated to be within the highlight following latest developments.
Stocks to Watch (Alphabetical Order)
Godavari Biorefineries: Godavari Biorefineries, a number one participant in ethanol and bio-based chemical compounds, introduced plans to speculate Rs 130 crore in establishing a 200 KLPD (kilo litres per day) corn and grain-based ethanol distillery.
HDFC Bank: Private sector lender HDFC Bank has acquired an administrative warning letter from SEBI for alleged non-compliance with disclosure norms beneath the SEBI Listing Regulations.
Hindustan Petroleum Corporation: HPCL’s board has accredited a Rs 4,679 crore modernisation undertaking at its Mumbai refinery. The undertaking will enhance lube oil base inventory (LOBS) manufacturing from 475 KTPA to 764 KTPA and improve output high quality to superior-grade Group II+ and Group III LOBS, as per the corporate’s submitting.
India Pesticides: India Pesticides said that the Income Tax Department is conducting searches at its places of work and premises.
Indus Tower: The Income Tax Appellate Tribunal dominated in favor of Indus Tower, permitting depreciation on merger belongings, provision for bills, amortization of Asset Retirement Obligation, and provision for SLA Credit. This optimistic consequence reduces the corporate’s contingent legal responsibility by Rs 3,500 crore.
Nitco: Tile-maker Nitco has secured a Rs 105.4 crore order from Prestige Estates for tiles, marble, and mosaics to be executed inside six months. Based on ongoing tasks, the corporate expects further orders value Rs 104 crore from Prestige Estates by March 2025.
RailTel Corp: RailTel Corp has acquired a Rs 38 crore work order from Central Warehousing Corp for SITC of CCTV, with a completion deadline of May 16, 2025.
Rail Vikas Nigam: RVNL acquired a Rs 270 crore order from Maharashtra Metro Rail Corporation for developing elevated metro stations.
Swiggy and Zomato: The GST Council might cut back the tax on meals supply fees by e-commerce platforms from 18% to five%.
Texmaco Rail & Engineering: Texmaco Rail & Engineering secured a Rs 187.41 crore order from Chhattisgarh State Power Transmission Co. for transmission line building on a turnkey foundation, to be accomplished in 15 months.
Vedanta: Vedanta’s board has accredited a fourth interim dividend of Rs 8.5 per share for FY25, amounting to Rs 3,324 crore. The file date is December 24.
Wipro: IT companies big Wipro introduced the acquisition of Applied Value Technologies, Inc. and its associates in Singapore and the Netherlands. The acquisition will strengthen Wipro’s utility companies capabilities and create new progress alternatives.
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