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Stocks to watch: Shares of firms like India Cements, Swiggy, IndiGo, Ola Electric, Dabur, and others will be in focus on Thursday’s trade
Stocks To Watch: Check Latest Market Trend On December 26
Stocks To Watch On December 26: The domestic market ended flat ahead of the holiday on Tuesday, with metal and power stocks weighing on the overall performance. In today’s trading session, shares of Bharat Forge, Nalco, Panacea Biotec, Amber Enterprises, and others will be in focus due to recent developments.
India Cements: India Cements (ICL) announced the resignation of its former promoter, N. Srinivasan, as the company’s Managing Director and CEO, effective immediately. The company’s board also approved the resignations of whole-time director Rupa Gurunath and two non-independent directors, Chitra Srinivasan and V. M. Mohan.
Swiggy: Swiggy aims to onboard at least 100,000 female delivery partners by 2030, as stated by company MD and Group CEO Sriharsha Majety. Speaking at an event at the NSE headquarters, Majety emphasized the positive impact of more women joining as delivery partners.
InterGlobe Aviation: IndiGo expects to carry 112 million passengers in 2024 and is on track to become a key global aviation player, according to its CEO Pieter Elbers. The airline flew over 100 million passengers in 2023.
Ola Electric: Ola Electric has expanded its store network to 4,000 locations across India, marking a four-fold increase from 800 stores reported just a few weeks ago in December. The company added 3,200 new stores in less than a month.
Indian Oil Corporation: Indian Oil Corporation (IOCL) plans to invest Rs 61,000 crore in a naphtha cracker project at Paradip, Odisha. A Memorandum of Understanding (MoU) with the Odisha government will be signed in January during the ‘Utkarsh Odisha Make in Odisha 2025’ summit.
Dabur: Dabur has filed a petition in the Delhi High Court against Patanjali Ayurved, seeking an injunction against “disparaging” advertisements targeting its Chyawanprash products. The lawsuit alleges that Patanjali’s ad falsely claims its Chyawanprash is the only “original” version, discrediting competitors.
Bharat Petroleum Corporation: Bharat Petroleum Corporation (BPCL) has approved pre-project activities for its Rs 95,000-crore greenfield refinery project in Ramayapatnam, Andhra Pradesh, with a capacity of 9 million tonnes per annum (MTPA).
Bharat Forge: Bharat Forge shares will be in focus today after the company announced an investment of Euro 39 million (Rs 345 crore) in its wholly-owned subsidiary, Bharat Forge Global Holding GmbH (BFGH).
Nalco: Nalco has signed a mining lease deed for the amalgamated Utkal-D and Utkal E-Coal blocks to increase coal production capacity to 4 MTPA. The lease deed is valid until April 21, 2051.
BPCL: BPCL emerged as the lowest bidder for NTPC’s 150 MW ISTS-connected Solar PV power project, valued at an estimated Rs 756.45 crore.
Apollo Hospitals: Apollo Healthco, a subsidiary of Apollo Hospitals, will acquire the software business from Searchlight Health for Rs 67.5 crore.
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