The GIFT Nifty has indicated a positive opening for the Indian equity markets on Wednesday, with both the NSE Nifty 50 and BSE Sensex expected to start on a higher note. As of now, GIFT Nifty was up 40 points or 0.17% at 23,304, signaling a potential gain for the domestic indices. The previous session saw the NSE Nifty 50 gaining 90 points, or 0.39%, to close at 23,176.05, while the BSE Sensex rose by 169.62 points, or 0.22%, closing at 76,499.63. Here’s a look at the key stocks to focus on in today’s trade:
Adani Green Energy
Adani Renewable Energy Forty Eight Limited, a subsidiary of Adani Green Energy, announced the commissioning of a 57.2 MW wind power component of its wind-solar hybrid project in Khavda, Gujarat. This new addition strengthens the company’s renewable energy portfolio and could be a key factor in stock movements today.
J&K Bank
SEBI has issued an administrative warning to J&K Bank for a regulatory non-compliance issue regarding the delayed disclosure of the appointment of its MD & CEO. The disclosure, made on December 25, 2024, was delayed by 1 hour 40 minutes beyond the stipulated timeline. This could put pressure on the bank’s stock today.
Vodafone Idea
Vodafone Idea has announced a strategic partnership with HCLSoftware to enhance the efficiency of its 4G and 5G networks. The telecom operator will utilize HCL’s Augmented Network Automation (HCL ANA) platform to optimize its Ericsson and Samsung networks. The move could help improve operational efficiency and investor sentiment towards the stock.
L&T (Larsen & Toubro)
Larsen & Toubro (L&T) has launched the second multi-purpose vessel (MPV) for the Indian Navy, christened INS Utkarsh. The launch, which follows the successful launch of INS Samarthak, highlights L&T’s growing footprint in defense manufacturing, which could positively impact the stock.
Shoppers Stop
Shoppers Stop reported a significant recovery in its third-quarter earnings, posting a profit of Rs 52.23 crore, up 41.74% from Rs 36.85 crore in the same period last year. This is a positive sign after two consecutive quarters of losses, and investors might closely watch the stock today.
IRFC (Indian Railway Finance Corporation)
Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder to finance Rs 3,167 crore for the development of the Banhardih coal block in Jharkhand. This project is a joint venture between NTPC and Jharkhand Bijli Vitran Nigam, and the development could lead to long-term growth for IRFC.
Allcargo Gati
Allcargo Gati reported a year-on-year growth of 8% in total volume, with a strong increase in surface and air express operations for December 2024. This positive growth trend could fuel investor confidence in the logistics company’s stock.
Premier Energies
Premier Energies has secured orders worth Rs 1,460 crore, including solar modules worth Rs 1,041 crore and solar cells worth Rs 419 crore. These new orders are a significant boost to the company’s order book, especially as the renewable energy sector continues to grow.
Conclusion: The market may witness positive sentiment in these stocks today based on their recent developments and announcements. Investors should closely monitor these companies for potential moves in the trading session.
