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

Stocks in Focus: GIFT Nifty was trading 39 points or 0.16% higher at 24,001 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Friday, the NSE Nifty 50 closed the session 63 points or 0.27% higher at 23,813, while the BSE Sensex fell 227 points or 0.29% to close at 78,699.

Stocks to watch on December 30, 2024

Vodafone Idea 

Vodafone Idea has been granted a waiver of bank guarantee for spectrum auctions held in 2012, 2014, 2016, and 2021, the telco informed the exchanges on Saturday. This waiver is applicable only if the pro-rated value of spectrum used from the date of allocation till the end of three months after the due date of payment of the next instalment is less than the value of the payment made by the telecom operator on a net present value basis, it added. 

Adani Green Energy 

Adani Green Energy incorporated a new wholly owned subsidiary — Adani Green Energy Sixty Eight Limited. The authorised capital and paid-up capital of AGE68L is kept at Rs 1,00,000. The main objective of AGE68L is to generate, develop, transform, distribute, transmit, sell and supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy.

Tata Motors

Tata Motors, the leader in the passenger electric vehicle (EV) market and which makes roughly one of every two passenger EVs sold in the country, has identified range as its biggest plank to fight competition. Its new passenger EVs will go at least 500 km on a single charge, said Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, reported Business Standard.

Adani Enterprises 

Adani Enterprises, the flagship company of Adani Group, is likely to see consolidated revenue grow at a CAGR of 17.5% and net earnings by 45.8% over the 2023-24 fiscal year (FY24) and FY27, a report said.

Reliance Industries 

Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare with allotment of requisite shares, the firm said in an exchange filing.

Zydus Wellness  

Zydus Wellness said its wholly-owned arm has received a GST demand of Rs 56.33 crore, along with applicable interest and penalty from the tax authority. Zydus Wellness Products (ZWPL), a wholly-owned subsidiary company, has received an intimation from the Directorate General of Goods and Services Tax Intelligence, Surat Zonal Unit, alleging GST demand of Rs 56.33 crore, along with applicable interest and penalty.

UltraTech Cement  

UltraTech Cement will invest Rs 851 crore to pick an 8.6% stake in the Meghalaya-based Star Cement, which has 7.7 million tonnes per annum (MTPA) capacity in East India. UltraTech said some promoter and promoter group entities of Star Cement have approached it to sell their equity holding. UltraTech’s board approved acquiring a non-controlling minority stake of up to 37 million equity shares of Star Cement at a price not exceeding Rs 235 apiece, excluding taxes.