Home Business Stocks to watch- Mazagon Dock, Cochin Shipyard, Adani Green Energy, BSE, ZEEL

Stocks to watch- Mazagon Dock, Cochin Shipyard, Adani Green Energy, BSE, ZEEL

Business admin • August 29, 2024 • Comments off

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

Stocks in Focus: GIFT Nifty traded down by 153 points or 0.72% at 20,064, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 slumped 302.95 points or 1.41% to settle at 21,150.15, while the BSE Sensex dropped by 930.88 points or 1.30% to 70,506.31.

“The Nifty experienced a sharp correction as bearish sentiment persisted. It failed to sustain above 21500, resulting in increased call writing at the 21500 strike, subsequently leading to a significant downturn. At its lowest point, the Nifty dropped just below 21100 before recovering to close above that level. Looking ahead, there might be a consolidation phase for the Nifty in the near term. Resistance is expected around 21500, while support is anticipated at 21100,” said Rupak De, Senior Technical analyst at LKP Securities.

Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL

Stocks to Watch on December 21, 2023

Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders has inked a contract worth Rs 1,615 crore with the Ministry of Defence. The deal entails the construction and delivery of six cutting-edge offshore patrol vessels for the Indian Coast Guard, reinforcing the company’s role in enhancing India’s maritime capabilities.

Cochin Shipyard

Cochin Shipyard has been awarded a substantial order by the Defense Ministry, amounting to Rs 488.25 crore. The contract involves the repair and maintenance of equipment and systems onboard a naval vessel.

Adani Green Energy

Adani Green Energy is set to deliberate on a proposal to raise funds through multiple instruments on December 26.

UltraTech Cement

UltraTech Cement is set to acquire a stake in Clean Max Terra, a renewable energy company, for Rs 20.25 crore.

BSE

BSE has received approval from the Securities Exchange Board of India (SEBI) for the appointment of Pramod Agrawal as chairman, effective from January 17, 2024.

Zee Entertainment

Zee Entertainment has announced an extension in merger discussions with Culver Max and Bangla Entertainment. The initial deadline for the completion of the merger, set for December 21, is now subject to further deliberations.

Flair Writing

Flair Writing has reported impressive financials for Q2 FY24, with a revenue of Rs 257 crore and a net profit of Rs 33.15 crore.

Raymond

Raymond’s unit has incorporated Ten X Realty East, a wholly owned subsidiary, with the objective of undertaking real estate business.

ICICI Bank

ICICI Bank has received approval from the Reserve Bank of India (RBI) for the re-appointment of Sandeep Batra as executive director.

Sonata Software

Sonata Software has signed a contract with AMMEGA Group, a global leader in conveyor belts and power transmission. The collaboration underscores Sonata Software’s growing footprint in providing technological solutions on a global scale.

DLF

Company said it has sold independent floors and commercial plots for around Rs 1,400 crore in Gurugram and Panchkula, in Haryana

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