Stocks To Watch: Adani Enterprises, Bata India, Hindalco, SpiceJet, Lupin, DBS Bank, Reliance Industries – Market News

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lower opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty was trading 166 points or 0.70% lower at 23,668 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 168 points or 0.71% lower at 23,645, while the BSE Sensex fell 451 points or 0.57% to close at 78,248.

Stocks to watch on December 31, 2024

Adani Enterprises 

Adani Enterprises will exit from Adani Wilmar, the FMCG joint venture between its subsidiary Adani Commodities LLP (ACL) and Wilmar International-owned Lence Pte. (Lence), to focus investments on its core infrastructure business, the firm said in an exchange filing. 

Stocks To Watch: IndusInd Bank, Religare Enterprises, Reliance Power, ACME Solar Holdings, Mankind Pharma, RBL Bank, L&T

Stocks To Watch: Nestle India, JSW Infrastructure, Bharti Airtel, Reliance Industries, Ola Electric, IOC, Adani Energy Solutions, NTPC

Stocks To Watch: Adani Enterprises, Sansera Engineering, NTPC, Kalyani Investment, BEL, Waaree Energies, MMTC

Stocks To Watch: Vedanta, Nuclear Power Corp, Adani Power, LIC, Tata Consumer Products, Mindspace REIT, HDFC Bank, Wipro

Bata India 

Bata India will introduce a voluntary retirement scheme (VRS) at its Hosur unit in Tamil Nadu. “The Company believes that implementation of the VRS will be mutually beneficial to the workmen and the Company,” the company said in a regulatory filing. In a statement to FE, it said that Bata India would ensure “a smooth and transparent process while providing comprehensive support to all eligible employees during this transition”. 

Hindalco 

Hindalco Industries, the metals flagship of Aditya Birla Group, announced that it had received a vesting order from the Ministry of Coal to allocate the Meenakshi Coal Mine in Odisha. This development, it added, follows the successful signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a pivotal step in the company’s journey towards resource securitisation, energy efficiency and sustainable growth. 

SpiceJet 

SpiceJet shareholders sought to know about the airline’s funding and expansion plans during the annual general meeting. At the 40th Annual General Meeting (AGM), members also transacted various businesses, including the adoption of audited financial statements for the financial year ended March 31, 2024, together with the reports of the board of directors and the statutory auditors, and increasing the company’s authorised share capital.

Lupin 

Lupin announced the acquisition of Huminsulin in India from Eli Lilly and Company. This move aims to significantly strengthen Lupin’s existing diabetes portfolio. Lupin has been marketing the Huminsulin range, including Huminsulin R, Huminsulin NPH, Huminsulin 50/50, and Huminsulin 30/70, through existing distribution and promotion agreements with Lilly in India. 

DBS Bank India 

DBS Group has appointed Rajat Verma as chief executive officer of DBS Bank India, to succeed Surojit Shome, who retires at the end of February. Reuters reported in November that Verma had been nominated, pending approval from the Reserve Bank of India that is needed for all appointments of bank CEOs.

Reliance Industries 

Reliance Industries is seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for the eastern offshore KG-D6 block, according to the tender the firm put out on Monday.

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