LIC, Lupin, MOIL, GMR Airports Infra: Stocks to watch out for on Friday
Stocks to watch on Friday: Lupin has announced the launch of Softovac Liquifibre, a 100 per cent Ayurvedic liquid laxative.
Stocks to watch out for on Friday, December 22: At 8:17 am, GIFT Nifty traded 41.5 points, or 0.19 per cent lower, at 21,378.5, indicating a sluggish start for domestic equities on December 22.
Benchmark equity indices Sensex and Nifty 50 staged a dramatic intraday recovery to finish a session full of see-saw moves stronger by half a per cent on Thursday, December 21. The rebound on Dalal Street was aided by buying interest in financial and energy shares, though selling pressure in auto and IT shares played spoilsport and limited the upside.
The Sensex gained 358.8 points to end at 70,865.1 and the Nifty settled at 21,255.1, up 104.9 points from its previous close.
Here are some stocks that will be in focus in the last of the week, on December 22:
LIC:
The Department of Economic Affairs has decided in the public interest to grant one-time exemption to the state-run life insurer to achieve 25 per cent minimum public shareholding (MPS) till May 2032.
GMR Airports Infrastructure:
The National Investment and Infrastructure Fund (NIIF) will invest up to Rs 675 crore in an upcoming green field airport at Bhogapuram in Andhra Pradesh, being developed by GMR Airports Infrastructure subsidiary GMR Airports.
Lupin:
The drug maker has announced the launch of Softovac Liquifibre, a 100 per cent Ayurvedic liquid laxative.
WPIL Ltd:
The company has received an order from the Public Health Engineering Department under the West Bengal Government for the execution of a turnkey project amounting to Rs 425.4 crore. The project will be completed within a period of 27 months and three years of operation and maintenance.
CESC Ltd:
The company’s board will meet on December 27 to consider the issuance of secured, unlisted, redeemable and rated NCDs.
MOIL:
Production at the company has surpassed 16 lakh tonnes on December 20, 2023, 26 per cent higher than the previous best achieved in 2019.
Madras Fertilizers:
The company has resumed operations at a plant that was shut down on December 4 due to Cyclone Michaung.
Allcargo Logistics and Allcargo Gati:
Both the company's board has approved the composite scheme of arrangement for restructuring of businesses under Allcargo Limited and Allcargo Gati Limited (Formerly Gati Limited).
OMCs and QSR companies will be in focus:
The oil marketing companies (OMCs) have slashed the rate of 19 kg commercial LPG gas cylinder by Rs 39.5 per cylinder. The new rates will be effective from December 22.
Dr Lal Path Labs and other diagnostic labs:
Stocks from the pack will gain traction as the Delhi government will conduct the genome sequencing of Covid positive samples.
Zomato:
The new-age stock has denied the acquisition news of Shiprocket. The reports said that Zomato has offered a sum of $200 crore to acquire.
Railtel:
The railway PSU has clinched a new order worth Rs 66 crore from NF Railway Construction.
Ami Organics:
In the block deal in the counter in Thursday's trade, total 6 buyers brought equity stake in the stock including Morgan Stanley Asia Singapore Pte that bought 2.18 per cent equity at a price of Rs 1030 per share. Bofa Securities Europe SA also bought 5.25 lakh shares at Rs 1030 per share.
Brigade Enterprises:
Brigade Group leases office space to Sidvin Core-Tech India in Bengaluru for 10 years.
Hindalco/NALCO and other metal stocks:
National Aluminium is out of the F&O ban. Yesterday, Alcoa Corporation stock listed on the New York Stock Exchange ended 4.5 per cent higher.
Siemens:
Jefferies has upgraded the stock with a 'buy' rating and an increased target price of Rs 5000. Earlier the target was set at Rs 4520.
360 One Wam:
Citi has maintained its 'buy' call on the company and has simultaneously raised the target price from Rs 615 to Rs 750.
(With inputs from agencies)
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09:04 AM IST