Ahead of today’s market opening, several key stocks are expected to see movement due to notable developments in sectors such as green energy, AI, and major deals.
Stocks to Watch in the Green:
- Tata Steel: The company has signed a $500 million grant funding agreement with the UK government aimed at developing green steel production at its Port Talbot facility. This initiative is part of a larger move towards sustainable steel manufacturing, which could impact Tata Steel’s long-term growth prospects and market sentiment.
- Wipro: In technology, Wipro has built an AI-enabled data strategy for JFK International Air Terminal, which could lead to increased efficiency and showcase Wipro’s capability in AI-driven services. This development may position the company as a key player in the growing AI sector, which could attract investor interest.
- Bajaj Auto and Hero MotoCorp: Both companies are set to benefit from the Cabinet’s approval of the ₹10,900 crore PM e-Drive scheme. This scheme will support the growth of electric two-wheelers (e-2W), three-wheelers (e-3W), and buses, providing a boost to the EV sector and potentially driving up demand for their electric vehicles.
- TVS Motor and Ola Electric: The same ₹10,900 crore e-Drive scheme is expected to benefit these companies as well, with a focus on expanding India’s EV market. Investors will be watching for how this impacts their production and sales forecasts.
- NBCC: The company has entered into a partnership with MTNL to develop a 13.88-acre land parcel, with an estimated project value of ₹1,600 crore. This could enhance NBCC’s position in real estate development and provide growth opportunities.
- HPCL: The board has approved an investment of ₹2,212 crore for the Visakhapatnam-Raipur pipeline project. This significant investment could improve HPCL’s logistics and infrastructure capabilities, potentially driving future revenue growth.
- Brigade Enterprises: The company’s flexible workspace brand, Buzzworks, is expanding into Hyderabad. This entry into the city could help Brigade capture growing demand for flexible office spaces.
- Lemon Tree: Continuing its expansion in the hospitality sector, Lemon Tree has signed a license agreement for a 117-room hotel in Pune. The market will be looking for potential growth from this new venture.
- JBM Auto: Set to benefit from the same ₹10,900 crore PM e-Drive scheme, JBM Auto’s position in the electric mobility space may strengthen, potentially driving interest from investors.
- CE Info (Mappls): Zoomcar has partnered with Mappls to integrate AI-powered solutions into its platform, a move that could enhance the customer experience and expand Mappls’ technological offerings.
- GE T&D: The company has secured an order worth €155 million from Grid Solutions Group, boosting its order book and reinforcing its presence in the energy transmission sector.
Stocks to Watch in the Red:
- Honasa (Mamaearth): 10.8% of Honasa’s equity is expected to change hands through block deals today. Key sellers include Peak XV and Sequoia, which may lead to downward pressure on the stock.
- Route Mobile: Promoter Proximus Opal plans to offload a 6.03% stake via an offer for sale (OFS), with the floor price set at ₹1,635 per share. This OFS could affect the stock price as the market reacts to the supply of shares.
These developments are set to drive pre-market sentiment and could influence early trading, with investors closely watching how these announcements impact stock performance.