Stocks to watch: Shares of firms like India Cements, Swiggy, Indigo, Ola Electric, Dabur, and others will be the focus of Thursday’s trade.
Stocks to watch on December 26: Domestic markets closed ahead of the holiday on Tuesday, with metal and power stocks weighing on overall performance. In today’s trading session, shares of Bharat Forge, Nalco, Pancia Biotech, Amber Enterprises, and others will be in focus due to recent developments.
India Cements: India Cements (ICL) announced the resignation of its former promoter N. Srinivasan as managing director and CEO of the company with immediate effect. The company’s board also approved the resignations of whole-time director Roopa Gurunath and two non-independent directors Chitra Srinivasan and VM Mohan.
Swiggy: Swiggy aims to onboard at least 100,000 women delivery partners by 2030, as stated by the company’s MD and Group CEO Sri Harsha Majati. Speaking at a function at the NSE headquarters, Majety emphasized the positive impact of involving more women as delivery partners.
Interglobe Aviation: IndiGo expects to carry 112 million passengers by 2024 and is on track to become a major global aviation player, according to its CEO Peter Elbers. The airline plans to fly more than 100 million passengers in 2023.
Ola Electric: Ola Electric has expanded its store network to 4,000 locations across India, a four-fold increase from the 800 stores it reported a few weeks ago in December. The company added 3,200 new stores in less than a month.
Indian Oil Corporation: Indian Oil Corporation (IOCL) plans to invest Rs 61,000 crore in the naphtha cracker project at Paradip, Odisha. A Memorandum of Understanding (MoU) with the Odisha government will be signed during the ‘Utkarsh Odisha Make in Odisha 2025’ summit in January.
Dabur: Dabur has filed a petition in the Delhi High Court against Patanjali Ayurveda, seeking an injunction against “defamatory” advertisements targeting its Chivanprash products. The lawsuit alleges that Patanjali’s advertising falsely claims that its Chivanprash is the only “authentic” version, discrediting competitors.
Bharat Petroleum Corporation: Bharat Petroleum Corporation (BPCL) has approved pre-project activities for its Rs 95,000 crore greenfield refinery project at Ramayaputnam, Andhra Pradesh, with a capacity of 9 million tonnes per annum (MTPA).
Bharat Forge: Bharat Forge shares will come into focus today after the company announced an investment of Euro 39 million (Rs 345 crore) in its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH).
Nalco: Nalco has signed a mining lease deed for Utkal D and Utkal E coal blocks to increase coal production capacity to 4 MTPA. The lease deed is effective until April 21, 2051.
BPCL: BPCL emerged as the lowest bidder for NTPC’s 150 MW ISTS-connected solar PV power project, worth Rs 756.45 crore.
Apollo Hospital: Apollo Healthco, a subsidiary of Apollo Hospitals, will acquire software business from Searchlight Health for Rs 67.5 crore.
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