New Delhi: As trading resumes on December 26, 2024, several stocks to watch are set to capture investor attention following significant developments. With the market reopening after the Christmas holiday, investors are keen to identify opportunities in key sectors. Here’s a detailed look at the companies that should be on your radar today.
National Aluminium Company (NALCO)
NALCO has signed a mining lease deed with the District Collector of Angul for the Utkal-D and Utkal-E coal blocks. This strategic agreement aims to enhance coal production capacity to 4.0 MTPA, which is crucial for ensuring fuel security for its captive power plant. The lease is valid until April 21, 2051, positioning NALCO favorably in the market.
Bharat Petroleum Corporation Limited (BPCL)
BPCL has emerged as the lowest bidder for a 150 MW ISTS-connected solar PV power project from NTPC. With an estimated investment of approximately ₹756.45 crore, this project is expected to generate around ₹100 crore annually by producing about 400 million units of clean energy. This initiative highlights BPCL’s commitment to expanding its renewable energy portfolio.
Gland Pharma
Gland Pharma is currently under scrutiny following a recent inspection by France’s drug regulator, ANSM, at its Cenexi manufacturing facility. The inspection resulted in 10 observations, and the company is committed to addressing these findings promptly to maintain compliance and ensure product quality.
Panacea Biotec
Panacea Biotec has received a Letter of Award from UNICEF for supplying 115 million doses of its bivalent oral polio vaccine (bOPV), valued at approximately $14.95 million (around ₹127 crore) for the calendar year 2025. This contract underscores the company’s vital role in global health initiatives.
Ramky Infrastructure
Ramky Infrastructure has secured a Letter of Acceptance from the Hyderabad Metropolitan Water Supply and Sewerage Board for a project worth ₹215.08 crore. This project involves the operation and maintenance of sewage treatment plants under HMWSSB jurisdiction for five years, showcasing Ramky’s capabilities in infrastructure development.
Ceigall India
Ceigall India’s subsidiary has executed a Concession Agreement with the National Highways Authority of India for developing a six-lane highway section worth ₹981 crore as part of the Bharatmala Pariyojna Phase-I. This project is expected to enhance connectivity and infrastructure development in the region.
Amber Enterprises
Amber Enterprises’ shares recently rose by 5%, reflecting positive market sentiment and investor interest in the company’s growth prospects. This uptick highlights Amber’s potential as one of the key stocks to watch today.
Indian Oil Corporation (IOC)
IOC plans to sign an agreement with the Odisha government in January for a significant Naphtha Cracker Project at Paradip, with an investment exceeding ₹61,000 crore. This project is anticipated to bolster IOC’s position in the petrochemical sector and enhance its operational capabilities.
Dabur
Dabur has filed a petition against Patanjali Ayurved in the Delhi High Court over allegedly disparaging advertisements targeting its Chyawanprash products. This legal action reflects ongoing competition in the health and wellness market.
UltraTech Cement
UltraTech Cement has entered into an agreement to acquire a 26% equity stake in Clean Max Sapphire to enhance its renewable energy portfolio, aligning with its sustainability goals and commitment to reducing carbon emissions.
Godfrey Phillips India
Godfrey Phillips faces legal action from Twenty Four Seven Retail Stores seeking ₹2 crore in royalties and damages related to contractual obligations. This development could impact investor sentiment regarding Godfrey Phillips.
Walchandnagar Industries
The company has secured a purchase order worth approximately ₹44.94 crore from Fluorine Korea Co. Ltd., indicating strong demand for its products and services, making it another stock worth monitoring.
Macrotech Developers
Macrotech Developers received an arbitration award directing its subsidiary to pay ₹40 crore to a vendor related to a terminated contract. The company plans to challenge this award in an appropriate forum, which could affect its financial standing.
Religare Enterprises
Religare Enterprises announced that its subsidiary, Religare Broking Ltd, received approval from SEBI for changes in management and control, paving the way for strategic shifts within the organization that could enhance operational efficiency.
Aditya Birla Capital
The company invested ₹22.94 crore on a rights basis in Aditya Birla Health Insurance Company, maintaining its associate status and reinforcing its commitment to health insurance services amid growing demand.
Snowman Logistics
Promoter Gateway Distriparks purchased nearly a 1% stake in Snowman Logistics at an average price of ₹75.45 per share, reflecting confidence in the company’s future growth potential as it expands its logistics capabilities.
Conclusion
As trading resumes today, investors should closely monitor these key stocks based on recent developments and announcements that may impact their performance in the market. Keeping informed about these companies can provide valuable insights into potential investment opportunities as market dynamics evolve.
Disclaimer
This article is intended for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with certified financial advisors before making investment decisions.
