Indian benchmark indices closed lower on October 15, with Nifty falling below the 25,100 mark. The Sensex ended the day down by 152.93 points, or 0.19%, at 81,820.12, while the Nifty declined by 70.70 points, or 0.28%, to settle at 25,057.30.

Here is the list of stocks to watch for today (October 16 2024) –

Green

  • RIL, Bharti, Vodafone: Telecom sector return on investment is critical, as India continues to have the lowest tariffs globally, according to the Telecom Minister.
  • HDFC Life: The company has revised its APE growth outlook to 18-20%, up from the previous estimate of 15%.
  • Godrej Properties: Godrej emerged as the highest bidder for three adjoining plots in the Mumbai Metropolitan Region (MMR), with a revenue potential of ₹3,500 crore.
  • Cochin Shipyard: The government is set to divest up to 5% stake in the company through an Offer for Sale (OFS) at a floor price of ₹1,540 per share.
  • Ashoka Buildcon: The company received a Letter of Award (LoA) for a project worth ₹1,126.6 crore from the Brihanmumbai Municipal Corporation (BMC).
  • Strides Pharma: OneSource Specialty, an associate company of Strides Pharma, has received commitments for a fundraise of ₹801 crore.
  • PNC Infratech: The company secured an order worth ₹4,630 crore for two projects from the Maharashtra State Road Development Corporation (MSRDC).
  • GR Infraprojects: GR Infra has bagged a LoA worth ₹1,885.6 crore from the Maharashtra State Road Development Corporation.
  • RailTel: The company has secured a project worth ₹79.84 crore from the Maharashtra Housing and Area Development Authority.
  • Rallis India: Rallis reported a 24% growth in EBITDA, with revenue rising 11% year-on-year.
  • Ceigall India: The company emerged as the lowest bidder for a construction project worth ₹207 crore in Ranchi.

Red

  • Vedanta: Vedanta Resources raised $125 million from Standard Chartered Bank.
  • KEI Industries: Despite growth, the company’s margins declined by 70 basis points year-on-year, with the board approving a fundraise of ₹2,000 crore via Qualified Institutional Placement (QIP).

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.

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