Indian equity indices closed on a weak note on December 20, with the Nifty slipping below 23,600 amid broad-based sectoral selling. The Sensex declined by 1,176.46 points, or 1.49%, to settle at 78,041.59, while the Nifty fell by 364.2 points, or 1.52%, to end at 23,587.50.
Keep these stocks on your watchlist as these stocks are in focus today –
- UltraTech Cement & India Cements:
- The Competition Commission of India (CCI) has approved UltraTech Cement’s acquisition of India Cements.
- Reliance Industries:
- Set to acquire a 45% stake in US-based Health Alliance Group for $10 million, marking its entry into the healthcare sector.
- Metal Sector:
- Directorate General of Trade Remedies (DGTR) recommends a safeguard investigation into imports of steel flat products.
- Aurobindo Pharma:
- Subsidiary CuraTeQ receives marketing approval from the UK health regulator for its cancer drug Bevqolva.
- Granules India:
- Fidelity Funds sells a 1.30% stake via block deals, with Axis Bank Mutual Fund and Bandhan Mutual Fund among the buyers.
- Sterling & Wilson:
- Secures a ₹1,200 crore order for a 500 MW (AC) solar PV project in Gujarat.
- JBM Auto:
- Bags an order worth ₹1,800 crore for 343 electric buses for Ahmedabad’s Bus Rapid Transit System (BRTS).
- TeamLease:
- To acquire a 90% stake in TSR Darashaw and a 30% stake in Crystal HR.
- Suraksha Realty:
- Reports an 11% YoY increase in Q2 revenue, with EBITDA rising 12%.
- AGI Greenpac:
- Board approves a ₹1,500 crore fundraise
11. Vedanta Ltd
- The board decides against the proposed demerger of its base metals business.
These stocks are likely to be in focus today.
