GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded higher as the index was up 132 points or 0.52% at 25,212 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed the session 31 points or 0.12% lower at 24,982, while the BSE Sensex fell 168 points or 0.21% to close at 81,467.

Stocks to watch on October 10, 2024

Ola Electric 

Ola Electric may be headed for a rough ride. The company may face a class action suit by the Consumer Affairs Ministry under the Central Consumer Protection Act (CCPA). Consumer Affairs secretary, Nidhi Khare told Fe on Wednesday that the ministry has initiated a class action against the company by issuing a notice to Ola on October 3 about deficiency in services, misleading advertisement, violation of consumer rights, and unfair trade practices. Ola has been given 15 days time to respond and if the ministry is not satisfied with the responses and action taken by the company, class action will be initiated.

Zomato

In line with its goal to build a formidable live events business, food-tech major Zomato has hired Kunal Khambati, the former head of live events and Intellectual Property at BookMyShow. This comes shortly after Zomato acquired Paytm Insider, the fintech’s entertainment ticketing business, in a deal valued at Rs 2,048 crore.

Star Health Insurance

Star Health and Allied Insurance had been a victim of a targeted malicious cyberattack that resulted in unauthorized and illegal access to certain data, said the company in an exchange filing.

Vedanta 

Vedanta has cancelled its scheduled board meeting which was supposed to discuss the fourth interim dividend for FY25 due to unforeseen circumstances. 

Britannia Industries

Britannia Bel Foods announced on Wednesday that the company is further strengthening its joint venture with the inauguration of its cheese factory in India, which is dedicated to the local production of Britannia The Laughing Cow products. 

Godrej Consumer Products 

Godrej Consumer Products (GCPL) on Tuesday said it expected mid-single-digit consolidated sales growth in rupee terms and low-teens growth in constant currency for the September quarter as part of the business update for the period. GCPL is the second FMCG firm to flag weak numbers in Q2 after Dabur said last week that it expected to post a mid-single-digit decline in its consolidated revenue for Q2FY25. 

Adani Enterprises 

Adani Enterprises, the flagship company of Adani conglomerate, announced on Wednesday the launch of its qualified institutional placement (QIP) of  Rs 4,200 crore, reported CNBC-TV18 citing sources. The QIP is being offered at an indicative price of Rs 2,962 per share, reflecting a discount of 6.08% to the recent closing price and a 5% to SEBI-prescribed floor price.

Rashtriya Chemicals and Fertilizers 

Rashtriya Chemicals and Fertilizers said its board of directors approved a purchase order with Larsen & Toubro to establish a 1200 MTPD (DAP basis) complex fertiliser plant at its Thal facility.

GR Infraprojects 

GR Infraprojects said it received a Rs 903.5 crore contract from the Maharashtra Metro Rail Corporation to design and construct an elevated metro viaduct in Nagpur.

Quarterly Results

Tata Consultancy Services, Tata Elxsi, Indian Renewable Energy Development Agency, Arkade Developers, Anand Rathi Wealth, Den Networks, GM Breweries, Ashoka Metcast, Hathway Bhawani Cabletel, Infomedia Press, NB Footwear, and Reliance Naval and Engineering will release their quarterly earnings today, October 10.