The Indian stock market is expected to have a weak start today, with benchmark indices likely to open lower. At 8:32 AM, GIFT Nifty futures traded down by 61.5 points at 22,854, indicating bearish sentiment. In the previous session, the BSE Sensex declined by 203.22 points (0.27%) to settle at 75,735.96, while the NSE Nifty50 closed 19.75 points (0.09%) lower at 22,913.15.
Top Stocks to Watch Today
Cipla
- US FDA Approval: Cipla has received the US FDA nod for Nilotinib capsules, strengthening its presence in the pharmaceutical sector.
- Regulatory Observations: The US FDA issued two observations for Cipla’s Navi Mumbai testing facility.
NTPC Green Energy
- MoU with Bharat Light & Power: This partnership aims to accelerate green energy initiatives, aligning with India’s sustainability goals.
Rail Vikas Nigam Ltd (RVNL)
- Joint Venture with HFCL & Aerial Telecom: The consortium has signed a Project Implementation Agency Agreement with BSNL, boosting its telecom infrastructure capabilities.
HG Infra Engineering
- Rewari Bypass Sale: The company completed the sale of Rewari Bypass for ₹133 crore, adding to its financial strength.
Religare Enterprises
- Burman Group Acquires Control: The Burman Group has taken control of the company and is now the designated promoter.
Ceigall India
- Financial Closure of HAM Projects: Ceigall achieved financial closure for two HAM (Hybrid Annuity Model) projects worth ₹2,500 crore in Uttar Pradesh.
ITI Limited
- Land Sale Proceeds: The company received ₹100 crore from the total ₹200 crore for its land sale to C-DOT.
JM Financial
- Tax Refund Boost: JM Financial is set to receive a ₹230 crore tax refund for the Assessment Year 2008-09.
Lemon Tree Hotels
- Arbitral Award Win: Its subsidiary secured an ₹11.47 crore arbitral award against Hind Motors.
Century Plyboards
- New Subsidiary for Furniture Fittings: The company incorporated a subsidiary to focus on fittings and fixtures for the furniture industry.
Sai Life Sciences
- Block Deal Transaction: Capital Group purchased 10.55 lakh shares of Sai Life Sciences through block deals, reflecting investor confidence.
Delta Corp
- Strategic Stake Sale: Delta Corp is selling 51% stake in Deltatech Gaming (Adda52) to Head Digital (A23 Rummy) for ₹491 crore.
CIE Automotive India
- Weak Q4CY24 Results: EBITDA declined 8.6% year-on-year, with a margin drop to 14.2% from 14.6%.
Sanofi Consumer Healthcare India
- EBITDA Falls 30.4%: The company’s operating margin contracted to 36.5% from 40% (YoY).
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
