Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Stocks to watch today: Adani Power, Wipro, Swiggy, Tata Power, Cipla

Stock markets rebounded on Monday, from a slump in early trade to start the week on a positive note with gains of over 0.5%.
Despite mixed signals, several stocks are expected to be in focus today due to key news and developments. Here’s a detailed look at the top stocks to watch.
Adani Power Limited faces scrutiny from the Andhra Pradesh government, which is considering either terminating a power supply agreement or renegotiating tariffs for a 7,000 MW solar project. This project is linked to alleged bribery charges against Gautam Adani.
Additionally, Bangladesh has reduced its power purchases from Adani Power by half, citing lower winter demand. Disagreements over dues amounting to hundreds of millions of dollars have also contributed to the decision.
Swiggy’s shares will draw attention as the food delivery company releases its financial results for the second quarter ended September. This will be Swiggy’s first quarterly report since its initial public offering (IPO).
A significant block deal saw BofA, Goldman Sachs, and Citigroup purchase shares worth Rs 1,100 crore in Home First Finance, marking it as a key stock to watch today.
The Delhi High Court has sought responses from the Central government and other parties regarding Tata Power’s challenge to a coal ministry decision. The order reduced the compensation owed to Tata Power concerning the deallocation of the Mandakini Coal Block in Odisha.
Bajaj Finance may terminate its co-branded card partnership with DBS Bank following a similar decision to end a larger partnership with RBL Bank last week. Analysts, including Motilal Oswal, have flagged this as a potential move to watch.
Adani Group’s Ambuja Cements has partnered with Finland-based technology company Coolbrook. The collaboration aims to bring advanced technology and engineering solutions to the cement industry.
Shriram Properties is in the spotlight after market regulator SEBI approved the indirect acquisition of the company by its Chairman and Managing Director, Murali Malayappan.
Wipro will trade ex-bonus today following its 1:1 bonus issue of shares. The IT major had earlier set December 3 as the record date for the same.
Torrent Power launched a qualified institutional placement (QIP) issue with a floor price of Rs 1,555.75 per equity share. Investors are keeping a close eye on the company’s fundraising plans.
Cipla founders Samina Hamied and Rumana Hamied sold a 1.72% stake in the company, raising Rs 2,111 crore. The shares were sold at an average price of Rs 1,518.75 per share.
Solar Industries has secured an export order worth Rs 2,039 crore to supply defence products. This is expected to boost the company’s outlook.
KEC International faces a setback as the Bangladesh Tax Tribunal dismissed its appeal against a VAT demand. The company plans to challenge the order in the Bangladesh High Court.
Bharat Petroleum Corporation Limited (BPCL) has signed a memorandum of understanding (MoU) with Coal India to set up a coal-to-synthetic natural gas project at Western Coalfields through surface coal gasification.
Protean eGov Tech secured a Rs 161 crore order from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), making it a key stock to track.
Pricol has announced plans to acquire the plastic component division of Sundaram Auto Components for Rs 215.3 crore. The board also approved an investment of up to Rs 120 crore in Pricol Precision Products.

en_USEnglish