Stocks to watch: Adani Green, Aurobindo Pharma, Adani Power, Zydus Healthcare, Bank Of Baroda, Adani Wilmar, Motisons Jewellers,  Muthoot Microfinance

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

Stocks in Focus: GIFT Nifty traded up by just 14 points or 0.07% at 21,409, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Friday, the NSE Nifty 50 gained 94.35 points or 0.44% to settle at 21,349.05, while the BSE Sensex ended higher by 214.86 points or 0.34% to 71,106.96.

Stocks to Watch on December 26, 2023

Adani Green Energy

Adani Green Energy has successfully concluded a power purchase agreement with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power. This agreement marks the completion of the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded by SECI.

Aurobindo Pharma

Aurobindo Pharma’s U.S.-based unit Eugia underwent a pre-approval inspection by the U.S. FDA from Dec. 11-22, resulting in 10 observations.

Adani Power

Adani Power’s consortium has received a letter of intent from the resolution professional of Coastal Energen after lenders approved the resolution plan.

Zydus Lifesciences

The U.S. FDA conducted an inspection at Zydus Lifesciences’ API site in Ahmedabad from Dec. 14-22, concluding with six observations.

Bank of Baroda

Bank of Baroda has raised its stake in Open Network for Digital Commerce (ONDC) from 5.56% to 8.51% for a sum of Rs 30 crore.

Talbros Automotive Components

Talbros Automotive Components has approved the divestment and sale of its entire 40% stake in Nippon Leakless Talbros to Nippon Leakless Corp. and Leakless Gasket for a consideration of Rs 81.80 crore.

Rites

Rites has signed a Memorandum of Understanding (MoU) with Northeastern Electric Power Corp. for consultancy work.

NHPC

NHPC announces its intention to monetize future cash flows, spanning 8-10 years, from the Kishanganga power station or any other power station during FY 2023–24 or beyond in a single tranche.

AstraZeneca Pharma

AstraZeneca Pharma discloses a Rs 14.1 crore tax demand from the Income Tax Department for the Assessment Year 2021–22.

Power Finance Corp

Power Finance Corp unit incorporates KHAVDA PSl, a wholly owned subsidiary, along with three transmissions, for the development of dynamic reactive compensation at Khavda Pooling Station 1 and Khavda Pooling Station 3.

Crompton Greaves

Crompton Greaves Consumer Electricals introduces ‘CAVELO,’ a new product in the 70W well glass trade category, aimed at catering to the domestic market.

Carysil

Acrysil USA Inc, a wholly owned subsidiary of Carysil Ltd., completes the acquisition of 100% membership interest in United Granite LLC.

PNC Infratech

PNC Infratech announces that its subsidiary, PNC Unnao Highways, has received a provisional completion certificate on December 25 for an NHAI project worth Rs 1,602 crore.

Muthoot Microfinance

Muthoot Microfinance’s shares are set to debut on the stock exchanges on Tuesday at an issue price of Rs 291 per share.

Suraj Developers

Suraj Developers’ shares are scheduled to debut on the stock exchanges on Tuesday at an issue price of Rs 360 per share.

Motisons Jewellers

Motisons Jewellers’ shares will make their debut on the stock exchanges on Tuesday at an issue price of Rs 55 per share.