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The major benchmark indexes are expected to open on a calm note this Thursday, with attention focused on upcoming inflation data both at home and in the United States. After the first half of the trading day has passed, the weekly Nifty F&O expiry might cause some volatility in the market.
When compared to the spot Nifty 50’s closing price of 17,896 on Wednesday, the SGX Nifty January futures were quoted at 17,995 at 7:20 in the morning.
In the meanwhile, it’s expected that trading will take place in the following stocks on Thursday:
Earnings Watch: Among other companies, Infosys, HCL Technologies, Anand Rathi, Cyient, Den Networks, and GM Breweries are scheduled to release their quarterly results today.
Sah Polymers: According to the buzz in the market, Sah Polymers stock is likely to make a strong first impression after receiving a reaction that was more favourable than was anticipated to its initial public offering (IPO). The initial public offering (IPO) was subscribed to 17.5 times in total, and each share was priced at Rs 65 by the firm.
Container Corporation of India (Concor): This month, the government will reportedly request expressions of interest (EoI) for the privatisation of Concor, according to an official from the firm. In November of 2019, the Cabinet gave its approval for the strategic sale of a 30.8 percent share in Concor, along with management control of the company.
Adani Group: Pranav Adani, director at Adani Enterprises, stated during the seventh Madhya Pradesh Global Investors Summit that the Adani Group, which is run by Gautam Adani, has plans to spend more than Rs 60,000 crore across a variety of industries in the state of Madhya Pradesh. Among the industries and projects in which the group intends to invest are the following: the four-laning of NH-47, the gas link project, and the micro-irrigation system.
IIFL Wealth Management: The company’s board of directors will discuss a stock split and the possible issuance of bonus shares at their meeting on January 19, 2023. The firm has just recently transitioned to using the moniker “360 One.”
Piramal Enterprises: The company plans to increase its assets under management (AUM) to approximately Rs 1 lakh crore within the next four years. According to Piramal Capital and Housing Finance MD Jairam Sridharan, the consumer business is expected to rise to Rs 70,000 crore from approximately Rs 25,000 crore at the present time.
Healthcare: ICRA, a rating agency, predicts that the hospital business would achieve occupancy levels of 62–64 percent in fiscal years 23 and 24, underpinned by demand for elective procedures, medical tourism, and organised players expanding their market share. This is predicted to be the case in the healthcare industry. According to the organisation, it is anticipated that there would be an increase of 8–10 percent in the average revenue per occupied bed (ARPOB).
RailTel Corporation of India has been awarded a contract from the government of Puducherry in the amount of Rs 170.11 crore for the design, development, SITC, and O&M for 5 years of an integrated command and control centre, in addition to other associated operations for the Puducherry smart city area. It is required that the contract be finalised within ten months.
L&T Financing Holdings (LTFH) is the non-banking finance division of Larsen & Toubro. After selling its mutual fund business to HSBC in the previous year, L&T Finance Holdings intends to concentrate on expanding its retail loan book. By the end of the year, LTFH intends to have a retail loan portfolio that accounts for 75% of its overall loan book and will have drastically reduced its exposure to the wholesale book.
Greaves Cotton: The new high-speed electric scooter known as the Primus from Greaves Mobility is now available for pre-order, and its price tag is over one lakh Indian rupees. Greaves Cotton has spun out this firm as its electric vehicle division.
TVS Motor Firm: The company stated its plan to invest up to Rs 1,000 crore in Madhya Pradesh towards future expansion in electric and internal combustion engine (ICE) cars. This expansion would take place in the next few years.
Cummins India: At the Tata-Cummins factory in Maharashtra, where Cummins India is located, the business will shortly begin building fuel-agnostic engine systems. Officials from the corporation have stated that it will begin limited manufacturing by the end of 2023 and that it will likely commence mainstream production in 2024.
Adani Power: On Wednesday, Uttar Pradesh’s All Power Engineers Federation (AIPEF) stated that it will oppose any move by the government to issue electricity distribution licences to private companies in the cities of Noida and Greater Noida in the state. The statement was made in response to Adani Power. Adani Power has submitted an application to the Energy Regulatory Commission of Uttar Pradesh in order to get a parallel licence for the distribution of electricity in Noida and Greater Noida. This application was made in order to meet the requirements of the state.
Stocks in the F&O Ban: GNFC and Indiabulls Housing Finance are the two stocks that fall inside the scope of the F&O trading prohibition on Thursday.