As the Indian stock market opens on December 3, 2024, several key stocks are expected to be in focus. Following a strong finish in the previous trading session, investors will be keeping a close eye on various sectors, including metal, mining, and construction. Here’s a detailed look at the stocks likely to impact today’s trading.
Market Overview
Current Market Sentiment
Indian equities are anticipated to open on a flat note today. The GIFT Nifty futures were trading at 24,424 early this morning. In the previous session, the BSE Sensex rose by 445.29 points (0.56%) to close at 80,248.08, while the NSE Nifty50 finished at 24,276.05, up 144.95 points (0.6%).
- BSE Sensex Closing: 80,248.08 (+0.56%)
- NSE Nifty50 Closing: 24,276.05 (+0.6%)
Key Stocks to Watch
1. Wipro
Wipro is set to trade ex-bonus today following its recent announcement of a 1:1 bonus share issue. This corporate action is expected to attract investor interest as the company aims to enhance shareholder value.
- Bonus Issue: 1:1
- Record Date: December 3, 2024
2. Mazagon Dock Shipbuilders
Mazagon Dock has announced a stock split with a record date set for December 27, 2024. Each ₹10 face value share will be split into two shares with a face value of ₹5.
- Stock Split Announcement: Record date December 27, 2024
3. ITC
ITC is in focus as it responds to recent developments regarding the proposed hike in GST rates on tobacco products and aerated beverages to 35% from 28%. This decision could impact the company’s revenue from its tobacco segment.
- GST Rate Change: Proposed increase to 35%
4. KPI Green Energy
KPI Green has secured a significant order for a 300-megawatt solar project from Coal India Ltd., which includes comprehensive operation and maintenance services for five years.
- New Contract: 300 MW solar project order from Coal India
5. MOIL (Manganese Ore India Limited)
MOIL reported record production of 1.63 lakh tonnes of manganese ore in November 2024, marking its best performance for that month since inception.
- Production Achievement: Best November performance with 1.63 lakh tonnes
6. Protean eGov Technologies
Protean eGov has received a work order worth ₹161 crore from CERSAI (a Government of India undertaking) for providing system integration services for the CKYCRR 2.0 project.
- New Work Order: ₹161 crore from CERSAI
Additional Stocks of Interest
Adani Group Stocks
Adani Group stocks are under scrutiny due to recent developments regarding Adani Power’s reduced supply to Bangladesh amid payment disputes.
Coal India
Coal India has reported a 2.4% increase in coal production during the April-November period compared to last year.
Bajaj Finserv
Bajaj Finserv plans to invest ₹1,000 crore in its health subsidiary over the next three years as it aims for profitability by FY27.
Conclusion
Today’s trading session is expected to be influenced by these key stocks and their respective developments. Investors should keep an eye on market trends and sector-specific actions as they navigate their trading strategies. Disclaimer: This article is for informational purposes only and does not constitute financial advice or recommendations regarding stock purchases. Readers should conduct their own research or consult with financial advisors before making investment decisions related to any stocks mentioned herein.
