The GIFT Nifty indicates a negative opening for Indian equity indices, suggesting that the BSE Sensex and NSE Nifty 50 may continue their downward trend on Thursday. On Wednesday, the Sensex closed 502 points lower, settling at 80,182.20, a decline of 0.62%, while the Nifty50 fell by 137 points to close at 24,198.85, down 0.56%.
Here are the key stocks to watch today, December 19:
Stocks in Focus: Green Zone
ABB
- Parent company to acquire the power electronics business of Gamesa Electric, signaling potential growth in renewable energy.
United Breweries (UBL)
- Launches a productivity improvement program to enhance efficiency, likely to strengthen operational performance.
Lupin
- Receives US FDA approval for the HIV drug Emtricitabine and Tenofovir Alafenamide, boosting its pharmaceutical portfolio.
Brigade Enterprises
- Launches a new residential project with a revenue potential of ₹500 crore, indicating strong market confidence.
VIP Industries
- Secures a favorable order from the Maharashtra Sales Tax Tribunal regarding a ₹358 crore liability case, improving its financial outlook.
Allcargo Logistics (GATI)
- Reports November volumes at 102 kt versus 100 kt YoY, reflecting steady growth.
IOL Chemicals
- To consider a stock split in its board meeting on December 27, aiming to increase market liquidity.
Interarch Building Products
- Partners with JSPL to promote the use of steel, focusing on sustainable construction solutions.
Enviro Infra
- Q2 margins rise by 750 basis points with a 78% YoY revenue increase, showcasing strong financial performance.
FDC Limited
- Receives US FDA approval for Cefixime 400 mg tablets, expanding its product offerings.
Gandhar Oil
- US FDA classifies its Tajola-based manufacturing facility as VAI (Voluntary Action Indicated), signaling compliance with regulatory standards.
Stocks in Focus: Red Zone
Asian Paints
- Faces headwinds with three senior leadership resignations effective immediately, impacting its leadership stability.
IPCA Laboratories
- Promoter sells 40 lakh shares (1.6% stake) in the company for ₹600 crore, potentially affecting investor sentiment.
Borosil Renewables
- Withdraws a proposed ₹450 crore rights issue and plans to scale down operations in its German unit.
Zaggle Prepaid Ocean Services
- Launches a Qualified Institutional Placement (QIP), with media reports indicating a size of ₹750 crore, reflecting fundraising activity.
Doms Industries
- Reports that F.I.L.A. plans to sell up to 4.6% via block deals at a floor price of ₹2,755 per share.
Yatharth Hospital
- Media reports indicate plans to raise up to ₹700 crore via QIP at an issue price of ₹595 per share, aiming to fuel expansion.
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.
