Stocks To Watch On Dec 30, 2024 Tamo, Ntpc, Jsw Energy, Pnc Infra, Bpcl

Stocks to Watch on Dec 30, 2024: TaMo, NTPC, JSW Energy, PNC Infra, BPCL

As we approach the end of the year, several key stocks are set to grab investor attention today. Around 7:30 AM, GIFT Nifty futures were trading flat with a slight negative bias at 24,989.5. In the previous session, the Sensex gained 226 points (0.29%) to close at 78,699.07, while the Nifty50 climbed 63 points (0.27%) to end at 23,813.40.

Here’s a roundup of stocks that will likely remain in focus on December 30, 2024:


New Listings on BSE and NSE

  • Carraro India
  • Senores Pharmaceuticals
  • Ventive Hospitality
    Shares of these companies will debut on the BSE and NSE today, drawing significant market interest.

Key Stocks in Focus

Tata Motors

Tata Motors continues its push into the electric vehicle (EV) segment. According to Managing Director Shailesh Chandra, the company’s new EVs will deliver a range of at least 500 km on a single charge, showcasing their advancements in passenger electric mobility.

Reliance Industries (RIL)

Reliance has acquired oncology-focused healthcare platform Karkinos for ₹375 crore, further expanding its portfolio in technology-driven healthcare solutions.

Telecom Stocks

The telecom department has waived the bank guarantee requirement for spectrum auctions conducted before the reform package. Vodafone Idea noted that this relief would significantly support 4G and 5G investments across India.

Vodafone Idea (Vi)

In a major development, UK-based Vodafone Group has cleared dues of approximately ₹11,650 crore, raised against shares of Vodafone Idea.

Zydus Wellness

The company’s arm received a GST demand of ₹56.33 crore, including interest and penalties, from the tax authority.

JSW Energy

JSW Energy announced its largest-ever acquisition—a deal to buy O2 Power’s green energy platform for an enterprise value of $1.47 billion, further solidifying its green energy portfolio.

NTPC

The company has partnered with US-based Clean Core Thorium Energy (CCTE) to explore advanced nuclear energy solutions under the Aneel (Advanced Nuclear Energy for Enriched Life) initiative.

Stocks To Watch Tamo, Ntpc, Jsw Energy, Pnc Infra, Bpcl

Utkarsh Small Finance Bank

Utkarsh is planning to sell ₹355 crore worth of non-performing microfinance loans to asset reconstruction companies, setting a reserve price of ₹52 crore, which translates to a 14.64% recovery rate.

Jaiprakash Power Ventures

SEBI has imposed a penalty of ₹54 lakh on Jaiprakash Power, its MD and CEO Suren Jain, and other executives for misrepresenting financial statements.

Max Estates

The company has successfully sold luxury residential properties worth ₹845 crore in Noida, driven by strong market demand.

BPCL

Bharat Petroleum Corp plans to invest $11 billion in Andhra Pradesh for a new refinery and petrochemical project to address the growing fuel demand in India’s rapidly expanding economy.

Hero MotoCorp

Hero MotoCorp has extended its partnership with Harley-Davidson to introduce new variants of the Harley-Davidson X440 and develop additional motorcycle models.

Coforge

Coforge’s board has approved the amalgamation of Cigniti Technologies, in which it currently holds 54% of the expanded share capital.

PNC Infratech

The company received in-principle approval from the National Highways Authority of India (NHAI) to transfer its 100% stake in PNC Chitradurga Highways to Highways Infrastructure Trust.

Granules India

The pharma company expects new drug applications from its Hyderabad-based Gagillapur facility to receive USFDA approval in the first quarter of FY26.

Stock Market Highlights for December 30, 2024

  1. Market Overview: GIFT Nifty futures traded flat at 24,989.5 as of 7:30 AM. The Sensex closed at 78,699.07 (+226 points), and Nifty50 ended at 23,813.40 (+63 points).
  2. New Listings: Carraro India, Senores Pharmaceuticals, and Ventive Hospitality debut on BSE and NSE today.
  3. Key Stocks in Focus:
    • Tata Motors Stocks: New EVs to offer 500+ km range per charge.
    • Reliance Industries Stocks: Acquired Karkinos, an oncology healthcare platform, for ₹375 crore.
    • Vodafone Idea Stocks: Bank guarantee waiver for spectrum auctions and ₹11,650 crore dues cleared by Vodafone Group.
    • JSW Energy Stocks: Acquired O2 Power’s green energy platform for $1.47 billion.
    • BPCL Stocks: Plans $11 billion investment for a refinery in Andhra Pradesh.
    • Hero MotoCorp Stocks: Extended partnership with Harley-Davidson for new motorcycles.
    • Granules India: Anticipates USFDA drug approvals by Q1 FY26.
  4. Other Highlights:
    • Zydus Wellness faces ₹56.33 crore GST demand.
    • Utkarsh Small Finance Bank plans to offload ₹355 crore NPA loans.
    • Max Estates sells ₹845 crore worth of luxury properties in Noida.
    • Jaiprakash Power Ventures fined ₹54 lakh by SEBI for financial misrepresentation.

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