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

Stocks in Focus: GIFT Nifty was trading 45 points or 0.18% higher at 24,751 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 58 points or 0.24% lower at 24,619, while the BSE Sensex fell 200 points or 0.25% to close at 81,508.

Stocks to watch on December 10, 2024

Tata Power 

BP and Japanese power generator JERA have agreed to join forces to form one of the world’s largest offshore wind operators, a major step in CEO Murray Auchincloss’ efforts to reduce BP’s focus on renewables.

Vodafone Idea 

Vodafone Idea’s board approved a proposal to raise Rs 1,980 crore from entities belonging to promoter Vodafone Group PLC through a preferential issue. Vi will issue shares to Vodafone Group entities Omega Telecom Holdings and Usha Martin Telematics worth up to Rs 1,280 crore and Rs 700 crore, respectively.

Mahindra & Mahindra

Mahindra Electric Automobile told the Delhi High Court (HC) on Monday that it would not use the “6E” trademark for its upcoming electric car model until the trademark infringement lawsuit filed by IndiGo is decided. Mahindra said it would be rebranding the model from “BE 6e” to “BE 6” but planned to contest IndiGo’s claims in court. 

Power Finance Corporation 

Power Finance Corporation raised Rs 6,252 crore through the issuance of bonds with different maturities. The company raised Rs 3,200 crore via 15-year bonds at a coupon of 7.11% and Rs 3,052 crore via 10-year bonds at a coupon of 7.10%.

Biocon 

Biocon Ltd is likely to sell a 2% stake in contract research and manufacturing services firm Syngene International through block deals, with the indicative price for the sale pegged at Rs 825 per share, reported CNBC-TV18 citing sources.

Tata Motors 

Tata Motors has announced a price hike of up to 3% across its PV lineup including electric vehicles (EVs). The reason cited by Tata Motors for the latest price hike to partially offset the rise in input costs and inflation. The latest price hike by Tata Motors will come into effect from 1 January 2025.

Metropolis Healthcare 

Metropolis Healthcare will acquire Core Diagnostics for Rs 247 crore. The company’s board has approved the acquisition of a 100% stake in Core Diagnostics from its existing shareholder Core Diagnostics (Mauritius).