Amid mixed global cues, GIFT Nifty futures edged higher indicating a positive start for the Indian markets. In the previous session, the BSE Sensex gained 239.37 points to close at 77,578.38, while the NSE Nifty50 ended higher by 64.70 points at 23,518.50.
Here are the stocks that are likely to be in focus today:
Key Stocks in the Spotlight
Adani Group
- Gautam Adani has reportedly been indicted in New York over allegations of involvement in a multibillion-dollar bribery and fraud scheme. This development could lead to volatility in Adani Group stocks.
Nestle
- The FMCG giant plans to boost advertising, reduce costs by $2.8 billion by 2027, and restructure its water and premium drinks businesses into a standalone unit to drive growth.
Bharti Airtel
- Signed a multiyear, multibillion extension deal with Nokia for 4G and 5G equipment deployment across key regions in India.
Cipla
- Its US arm is recalling 1,875 boxes of Lanthanum Carbonate chewable tablets (1,000 mg) in the American market due to a USFDA enforcement report.
Dr. Reddy’s Laboratories
- The company’s Bollaram facility in Hyderabad received a Form 483 from the USFDA with seven observations.
Other Noteworthy Stocks
Adani Energy Solutions
- Signed a pact with PFC Consulting Ltd to acquire Pune-III Transmission Ltd for developing substations and transmission lines.
Godrej Industries
- Raised ₹1,000 crore via non-convertible debentures in two tranches from the domestic debt market.
Indian Hotels Company
- Targets doubling consolidated revenue to ₹15,000 crore and expanding its portfolio to over 700 hotels by 2030.
Bank of Baroda
- Partnered with Sohan Lal Commodity Management to provide collateral management services for agricultural financing.
UPL
- Received a $350 million investment in its hybrid seeds subsidiary Advanta Enterprises Ltd, including a $250 million secondary stake sale and $100 million primary equity infusion.
Tata Technologies
- Signed an MoA with Tripura’s government to upgrade 19 Industrial Training Institutes (ITIs) with a ₹683.27 crore plan.
Vedanta
- Subsidiary Vedanta Aluminium entered into a pact with GAIL for supplying natural gas to its smelter in Odisha.
JSW Steel
- Declared as the preferred bidder for Codli Mineral Block XII in Goa by the Directorate of Mines & Geology.
Tata Power
- Partnered with Bhutan’s Druk Green Power Corporation Ltd to develop 5,000 MW of clean energy in Bhutan.
One 97 Communications (Paytm)
- Launched UPI International, enabling Indian travelers to make cashless payments via UPI at select global locations, including the UAE, France, and Mauritius.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
