Stocks to watch: The domestic stock market is likely to open higher on Tuesday, January 7th.
As of 8:10 am, Gift Nifty futures were trading at the 23,812.50 level, up 71.50 points or 0.30%. This suggests that the NIFTY50 index will open 91 points higher.
Asian stocks rose on Tuesday, tracking Wall Street’s positive lead as some investors expected U.S. President-elect Donald Trump to adopt a less aggressive tariff stance than he promised when he took office. did.
The Washington Post reported on Monday that President Trump’s aides are considering a tariff plan that would apply to all countries but only target certain areas deemed critical to national and economic security. Ta. This would be a notable change from the promises President Trump made during his 2024 presidential campaign. , according to a Reuters report.
Below is a list of stocks that may be worth watching today.
SH Kelkar: The company shared its December business update. During the quarter, the company said it saw strong demand across its major segments, demonstrating resilience despite the weak external environment. The core European market continued to deliver stable performance. Consolidated revenue for FY2025 stood at Rs 1,548 crore, reflecting 17% year-on-year growth (provisional and unaudited).
“We remain on track to achieve double-digit growth for the full year,” he added.
Adani Enterprises: Adani Group has entered the petrochemical business in partnership with Thailand’s Indrama Resources as the port energy conglomerate looks to expand into neighboring regions.
Adani Petrochemicals, a subsidiary of the group’s flagship Adani Enterprises, said on the stock exchange that it has “completed the formalities for establishing a joint venture, Valor Petrochemicals (VPL), with Thailand’s Indrama Resources Ltd.” Announced. filing.
Adani Petrochemicals and Indorama will each hold 50% stake in the joint venture.
Ashoka Buildcon: Ashoka Bowaichandi Guskara Road (“SPV”), a wholly owned subsidiary of the Company, entered into a concession agreement with the National Highways Authority of India (“NHAI”) on January 6, 2025 for the development of a four-lane economic road. did. 116A (Package-3) of Hybrid Pension Mode in West Bengal from 89.814 Km to 133.000 Km of Corridor from Bhoichandi to Ghuskara-Katwa Road Section of NH.
An SPV has been established as a wholly owned subsidiary of the Company to execute this project in accordance with the requirements of the Concession Agreement.
The cost of the awarded tender project is Rs 1,391.00 crore.
ICICI Prudential Life: The company announced that it received an order (appeal) under Section 107 of the Goods and Services Tax (GST) Act, 2017 from the Commissioner on January 6, 2025, which upholds the total tax liability for FY 2019. It is something to do. Until 2021.
Power Grids: The company was declared successful bidder in tariff-based competitive bidding for two projects: Substation Capacity Augmentation at KPS1 (GIS) and KPS2 (GIS) (Phase V Part B1 and Part B2 Schemes); 3×500 MVA, 400/220kV ICT (6th to 8th) and 1×1500 MVA substation capacity enhancement of Bidar PS. 765/400kV ICT (4th).
Caplin Point: Caplin Point on Tuesday received an Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (FDA) for recent inspections conducted at Caplin Stiles’ injectable and ophthalmic manufacturing facility in Gummidipoondi. ) announced that they had received it.
The USFDA unannounced inspection was conducted from August 5 to 9, 2024, and concluded with Zero 483 observations, reflecting the company’s commitment to maintaining the highest standards of quality and compliance.
BPCL, GAIL, IGL: Maharashtra Natural Gas Limited (MNGL), a joint venture of BPCL, GAIL and IGL, is gearing up to launch an initial public offering (IPO) of over Rs 1,000 crore and the board of directors of BPCL has The oil marketing company said in a filing on January 6 that it had agreed in principle to the issue.
M&M: Mahindra & Mahindra Limited has increased its production capacity by one-fifth in December 2024 to meet the outsized demand its heavy vehicles are attracting. The company, India’s largest SUV manufacturer, produced 53,361 units in December 2024, compared to 44,495 units in the same period last year, an increase of 19.92% year-on-year.
SUVs accounted for 37,779 units, accounting for two-thirds of the total production capacity. This itself is a 16.8% increase over last year.
Tata Motors: The auto major produced 133,000 units in the third quarter, slightly lower than 135,000 units in the same period last year. However, sales increased to 1.39 million units from 1.38 million units in the same period last year.
Interglobe Aviation: The company announced that it has received an order from the Director of Customs, Air Cargo Complex (Import) to impose a penalty of Rs 2.17 billion.
Bharti Airtel, Vodafone Idea: Bharti Airtel (Airtel) and Vodafone Idea (Vi) have signed an agreement to sell the entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure through a share purchase agreement.
