Stocks to watch: On Thursday, December 18, the Indian stock market closed at a flat level after a lot of ups and downs. During this period, investors were seen trading with caution in the market. This is because even though the rupee is recovering against the dollar and foreign investors are again turning towards Indian stocks, there is still uncertainty regarding the trade agreement between America and India, which is impacting the market. Today is the last trading day of the week and today we are going to tell you about some stocks that are in focus through this news.
Ola Electric
Ola Electric promoter Bhavish Aggarwal on Thursday sold 2.83 crore shares of the company through a bulk deal, which is the third consecutive session of stake sale. According to exchange data, the shares were sold at Rs 31.60 per share, taking the total transaction value to Rs 90.27 crore. The founder and promoter had sold 4.2 crore shares for Rs 142 crore on Wednesday and 2.6 crore shares for Rs 92 crore on Tuesday.
NTPC
The country’s leading power company National Thermal Power Corporation (NTPC) has prepared a roadmap to achieve installed capacity of 244 gigawatt (GW) by 2037, for which according to the company, a capex of Rs 7 lakh crore will be required. Under the Ministry of Power, NTPC is India’s largest power generation company, meeting one-fourth of the country’s electricity demand from conventional and green sources alone.
Airtel
Bharti Airtel, India’s second largest telecom company, on Thursday appointed Soumen Ray as its Group Chief Financial Officer. Ray was earlier the Finance Chief of the company. He was playing this role for the last four years. Now he will be replaced by Akhil Garg, who has been with Airtel for 12 years. He has previously worked as Finance Boss in Bharti Hexacom, the wireless telecommunication service provider unit of Airtel.
Vodafone Idea
Shares of Vodafone Idea are also going to be in focus in today’s trading session as the company said it has raised Rs 3,300 crore by issuing secured non-convertible debentures, which will provide additional finance to the cash-strapped telecom operator to increase network investment.
Lupine Pharma
Lupine Pharma Co said its subsidiaries in the Philippines and Brazil have signed an exclusive licensing agreement with Italy’s Neopharmed Gentili SpA for marketing and promotional rights for gastroenterology brand Plasil in their respective markets. Due to this, its shares are going to be in focus today.
JSW Energy
JSW Energy has announced plans to double the capacity of its Salboni Thermal Power Project in West Bengal to 3,200 MW, taking the total investment expected to be around Rs 40,000 crore. This is one of the largest power investments by the private sector in the state.
Max Healthcare
Max Healthcare Institute has announced an investment of more than Rs 1,000 crore to build a 450-bed super specialty hospital in Pune. Max Healthcare Institute said in a statement that this facility located in Yerwada, Pune will be the company’s first entry in the city and is expected to become operational in the next 3 years.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read:
This stock has been a problem for investors, it fell 32% in 6 months and 70% in 1 year, now the owners are selling their stake.
