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Stocks To Watch: In today’s session, stocks like Bharat Forge, Biocon, JK Paper and others are expected to be in the spotlight
Stocks To Watch: Check Latest Market Trend On December 16
Stocks To Watch Today: Sensex and Nifty’s benchmark stock indices surged nearly 1% on Friday, driven by bargain hunting in telecom, tech, and consumer durable stocks, supported by positive domestic inflation data. In today’s session, stocks like Bharat Forge, Biocon, JK Paper, JSW Energy, Lupin, and others are expected to be in the spotlight following recent developments.
Stocks to Watch On Monday
Stocks to Watch (Alphabetical Order)
63 Moons Technologies
The Board has approved a Rs1,950 crore one-time settlement proposed by the NSEL Investors Forum.
Aeroflex Industries
The board approved raising up to Rs400 crore through a Qualified Institutions Placement (QIP) to fund expansions. Shareholders will decide at the EGM on January 15, 2024.
Afcons Infrastructure
The company has secured a Rs1,006.74 crore contract from Madhya Pradesh Metro Rail Co. for the Bhopal Metro Rail Project. The project involves building an elevated viaduct and 13 elevated metro stations.
Aurobindo Pharma
CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, received a positive recommendation from the European Medicines Agency for Zefylti, a biosimilar used to treat neutropenia and mobilize peripheral progenitor cells.
Bharat Forge
Kalyani Strategic Systems, a subsidiary of Bharat Forge, has signed a deal to acquire a 25% stake in Edgelab SpA, Italy, for €2.5 million as part of Edgelab’s IPO plan.
Biocon
Biocon Biologics, a subsidiary of the company, has received a positive recommendation from the European Medicines Agency for the approval of YESINTEK, an Ustekinumab biosimilar. This medication is used to treat plaque psoriasis in adults and children, as well as psoriatic arthritis and Crohn’s disease in adults.
GE Power India
The company received an Rs18.27 crore extension order from MP Power Generating to supply boiler parts to the Sanjay Gandhi power station.
GMM Pfaudler
Alexander Poempner was appointed Group CFO, effective February 7, 2025, after Manish Poddar’s resignation. The company has also approved the closure of its Hyderabad manufacturing facility.
Godrej Agrovet
The Government of Gujarat has allotted land in Vadodara, Surat, and Tapi districts to Godrej Agrovet for expanding oil palm cultivation under the National Mission on Edible Oils – Oil Palm.
HBL Power Systems
The company has won a Rs1,522.4 crore order from Chittaranjan Locomotive Works to supply, install, and commission Train Collision Avoidance Systems for 2,200 locomotives within 12 months.
Jaiprakash Power Ventures
The Andhra Pradesh High Court has stayed an Rs 1,334 crore demand from the Department of Mines & Geology against the company.
JK Paper
JK Paper announced plans to merge three subsidiaries—Horizon Packs, Securipax Packaging, and JKPL Utility Packaging Solutions—into the parent company to streamline operations. The Board has also approved acquiring a majority stake in Radhesham Wellpack.
JSW Energy
The company has filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) to recover dues from Maharashtra State Electricity Discom Company (MSEDCL). MSEDCL has also filed a petition challenging the claims.
Lupin
Lupin has strengthened its diabetes treatment portfolio by acquiring three anti-diabetes trademarks—GIBTULIO, GIBTULIO MET, and AJADUO—from Boehringer Ingelheim International.
Max Financial Services
The corporate name of Max Life has been changed to Axis Max Life Insurance, approved by the Registrar of Companies.
Premier Explosives
The company signed an MOU with Global Munition, a subsidiary of NIBE Ordnance and Maritime, to create a joint venture for manufacturing defense and aerospace products. The equity share will be 51:49.
Reliance Industries
The company has acquired a 74% stake in Navi Mumbai IIA (NMIIA) for Rs 1,628.03 crore. The remaining 26% equity is held by CIDCO, making NMIIA a subsidiary of Reliance Industries.
RITES
RITES has secured a Rs 297.67 crore order from the Ministry of External Affairs to build an Integrated Check Post, strengthening border infrastructure over the next 59 months.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Readers are advised to check with certified experts before making any investment decisions.
