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Stocks to Watch Today 9 January, stocks to Watch (AI IMAGE)
highlights
- There may be sharp fluctuations in the stock market in today’s business.
- The reason for this is that important news related to many big companies has come to light.
- Some companies have received big orders, some have released their results, while some stocks may be affected by regulatory decisions.
Bajaj Finserv has bought the remaining 23% stake in its insurance companies from Allianz SE. The value of this deal is around Rs 21,390 crore. Now the company’s hold on the insurance business has become stronger, which can support growth in future.
Highway Infrastructure
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Highway Infrastructure Limited has got a huge contract worth Rs 328 crore from NHAI. The project involves toll collection and operation on a section of NH-16 in Andhra Pradesh. This order is considered very important for the highway business of the company.
Bharat Electronics Limited has received new orders worth Rs 596 crore since January 1. This has further strengthened the company’s order book and indicates continued demand in the defense sector.
Elecon Engineering’s profit has declined to Rs 72 crore in the December quarter, which was Rs 107.5 crore last year. However, the company has seen a slight increase in sales, due to which the revenue reached Rs 551.7 crore.
Indian Energy Exchange (IEX)
The Market Coupling case related to IEX has been scheduled for hearing on Friday at 10:30 am. There is uncertainty regarding this regulatory decision, due to which sharp fluctuations may be seen in the stock.
Power Grid Corporation has got a new inter-state transmission project. This project has been awarded under tariff based bidding, which will further strengthen the company’s role in the country’s power infrastructure.
Rail Vikas Nigam Limited (RVNL)
RVNL has received an order worth Rs 201.23 crore from East Coast Railway. This project involves setting up a wagon repair workshop in Odisha, which will be completed in 18 months.
Astra Microwave’s joint venture company Astra Rafael Comsys has received an order worth Rs 275.27 crore from the Indian Air Force. This order is related to the installation and integration of software systems in the aircraft.
Vedanta has clarified that the government had rejected its oil and gas contract extension till September 2025. The company has filed a petition against this in the Delhi High Court, where orders have been given to maintain the status quo at present.
Waaree Renewable Technologies
Waaree Renewable has received a Letter of Award for a solar project, the capacity of which has now increased to 704 MWAC. However, the total value of the project has come down to Rs 1,039 crore.
Sagar Cements is going to sell 8.14% stake in its subsidiary Andhra Cements. This sale is being done to meet the minimum public shareholding rules. OFS will start from January 9.
Nephrocare Health Services
About 19 lakh shares of Nephrocare Health Services will become available for trading from Friday. Due to end of lock-in, selling pressure of these shares may be seen in the market.
About 3.13 crore shares (20% equity) of Bansal Wire Industries will come into free trading on Friday. Volatility in shares may increase due to end of lock-in.
BHEL (Bharat Heavy Electricals Limited)
BHEL shares had fallen nearly 12% on Thursday following the report. Now the market is keeping an eye on what opinion the brokerage houses give on this stock, due to which the stock may remain in focus on Friday.
Bharat Forge has signed an agreement with Germany’s Agile Robots company on AI and automation. This will promote the company’s smart manufacturing and digital technology.
IREDA will release its December quarter results on Friday. The company has already given a business update, so investors are now keeping a close eye on the financial results.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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