Indian equity markets had a strong session yesterday, with BSE Sensex ending 230 points higher at 80,234, while the NSE Nifty 50 gained 80 points to close at 24,274.
Here are the Stocks in Focus Today:
- Sonata Software: The company has secured a multi-million-dollar modernization deal in Australia, which is expected to bolster its international business footprint. (Positive)
- Gopal Snacks: The company has expanded its product portfolio by launching a new product in its wafers category, tapping into the high-demand snack market. (Positive)
- Ashoka Buildcon: The company has bagged an order worth ₹192.69 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company, further strengthening its project pipeline. (Positive)
- Padam Cotton: The company has announced a 1:1 bonus share issue, enhancing shareholder value and increasing liquidity in its stock. (Positive)
- PCBL: The Andhra Pradesh government has approved the allotment of 116.62 acres of land to the company in the Naidupeta SEZ, a move that supports its expansion plans. (Positive)
- Waaree Renewable Technologies: The company secured a massive order worth ₹1,233.5 crore for a 2012.47 MWp DC capacity ground-mount solar PV project, underscoring its leadership in renewable energy projects. (Positive)
- HUDCO: The company has signed a Memorandum of Understanding (MoU) with NBCC for the development of a 10-acre land parcel in Noida, signaling a potential boost to its real estate business. (Positive)
- KEC International: The company has won an order worth ₹1,704 crore in the transmission and distribution business from Power Grid Corporation, reinforcing its leadership in the infrastructure sector. (Positive)
- Godrej Properties: The company is looking to raise up to ₹4,000 crore through a Qualified Institutional Placement (QIP) by selling a 5.5% equity stake. Market participants will watch closely for pricing details. (Neutral)
- LIC: The company has received a GST demand order amounting to ₹529.6 crore for FY19-20, which includes interest and penalties. This development may weigh on investor sentiment. (Neutral)
- Dhampur Bio Organics: The company has acquired a 100% stake in Sonitron Bio Organics Pvt. Ltd., expanding its bio-organic product portfolio. (Neutral)
- Adani Green Energy: The company’s arm, Adani Saur Urja, has incorporated two wholly-owned subsidiaries, AHE2L and AHE3L, to streamline future projects. (Neutral)
- Jet Airways: The National Company Law Tribunal (NCLT) has appointed Satish Kumar Gupta as the liquidator for Jet Airways, marking the final phase of the carrier’s insolvency process. (Neutral)
Investors are likely to monitor these developments closely for potential opportunities in today’s trading session.
