Stocks in Focus on December 31: Pfizer, Vedanta, Adani Green Energy, Bharat Electronics to Chemcon Speciality Chemicals; here are the 5 Newsmakers of the Day

Domestic equity indices advanced for the sixth consecutive day on Wednesday, December 31, 2020. The Sensex at the Bombay Stock Exchange gained 133.14 points, or 0.28 per cent, to close at 47,746.22. The Nifty 50 advanced 49.35 points or 0.35 per cent, to post another record high of 13,981.95. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, December 31, 2020. List of such five stocks:

Pfizer/AstraZeneca: The Subject Expert Committee (SEC) in Central Drugs Standard Control Organisation (CDSCO) that met on Wednesday to consider the Emergency Use Authorisation (EUA) request of Pfizer, Serum Institute of India (SII) and Bharat Biotech Pvt Limited said that the vaccine will not be given authorisation “yet” as more data is needed. Moreover, the SEC will meet again on January 1, 2021, to discuss over approving a COVID-19 vaccine for emergency use in India. 

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Vedanta:  Vedanta Limited wins Radhikapur West Coal Block'. Vedanta Limited emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the Company’s Jharsuguda Aluminium Smelter. The mine has total reserves of 312 million tonnes and an approved per annum extraction capacity of 6 million tonnes. 

Adani Green Energy Limited (AEGL): AGEL commissions 100 MWac solar power plant at Khirsara, Gujarat, ahead of schedule. With this commissioning AGEL’s total operational renewable capacity grows to 2,950 MWac demonstrating a CAGR of 55% since March 2016. 

Bharat Electronics/Bharat Dynamics: Union Cabinet has approved the export of the indigenous Akash missile system. 

Chemcon Speciality Chemicals: Plutus Wealth Management LLP has purchased 10 lakh shares of the company at Rs 428.5 per share.