As markets open today, several stocks are expected to be in focus due to recent announcements and developments. Key stocks to watch include Vodafone Idea, Adani Group, Tata Motors, Godrej Consumer Products, and more.
Adani Group Stocks
The Adani Group has announced an investment plan of Rs 7.5 lakh crore in Rajasthan, which aims to boost the state’s economy by supporting sectors like renewable energy and infrastructure. This significant investment is expected to generate interest and activity in Adani stocks today.
Vodafone Idea
Vodafone Idea’s board has approved the issuance of up to 1.75 crore equity shares, valued at Rs 1,980 crore, on a preferential basis. This move, which will see shares issued to Vodafone Group entities, could influence Vodafone Idea’s stock performance today.
Tata Motors
Tata Motors has announced a price hike of up to 3% on its vehicles, including electric models, starting January 2024. The price increase, driven by rising costs, is expected to impact Tata Motors stock as investors react to this announcement.
Godrej Consumer Products
Shares of Godrej Consumer Products, which faced a decline in the FMCG sector, are likely to remain in focus today. Traders will be monitoring any signs of recovery after the stock’s poor performance in the market.
NHPC
NHPC, a state-run power company, will hold a board meeting on December 12 to discuss a revised borrowing plan for FY2024-25, including the issuance of Rs 2,600 crore in bonds. This meeting is expected to drive interest in NHPC stocks.
Brookfield India REIT
Brookfield India REIT has approved a fundraising plan to raise up to Rs 3,500 crore through the institutional placement of units. The floor price for the issue is set at Rs 287.55 per unit, which could attract investor attention and drive trading activity in Brookfield India REIT stocks.
Premier Polyfilm
The Securities and Exchange Board of India (SEBI) has imposed a penalty on Premier Polyfilm for non-compliance with shareholder approval norms. This penalty could result in some stock movement today.
Torrent Power
Torrent Power successfully completed its Rs 3,500 crore Qualified Institutional Placement (QIP), which was oversubscribed four times. The stock is expected to experience a positive movement following this successful placement.
Datamatics Global Services
Datamatics Global Services has announced the acquisition of a controlling stake in TNQTech, a Chennai-based publishing technology company, through its subsidiary Lumina Datamatics. This strategic move aims to strengthen the company’s position in digital content and publishing services, likely impacting Datamatics stock.
Stay updated on these key stocks as developments continue to unfold in the market today.
