Stocks to Watch: There may be intense movement in the market in the trading on Friday, January 9. Because important news related to many big companies has come to light. At some places, big orders have been received, while at some places results, regulatory decisions and stake-related events are increasing the focus of investors. Due to these factors, sharp movement may be seen in some stocks. In such a situation, these 16 stocks are going to be in special focus for short term traders and investors.
Bajaj Finserv has completed the acquisition of 23 per cent stake in its insurance companies from Allianz SE. The total value of this deal is Rs 21,390 crore. With this deal, the company’s stake in the insurance business has been strengthened and the strategic partnership has also been strengthened.
Highway Infrastructure Limited has received an order worth Rs 328 crore from NHAI, which is considered an important contract for the company’s highway operations business. The order pertains to the operation and collection of user fees at KAZA fee plazas on the Chilakaluripet-Vijayawada section of National Highway 16 in Andhra Pradesh, the total length of which is 82.5 kilometres.
Bharat Electronics Limited (BEL) has received new orders worth additional Rs 596 crore since January 1. This has further strengthened the company’s order book and reflects the continued demand in the defense sector.
Elecon Engineering’s net profit declined by 33 per cent year-on-year to Rs 72 crore in the December quarter from Rs 107.5 crore in the same quarter last year. However, the company’s revenue increased by 4.3 percent to Rs 551.7 crore in the same quarter, which was Rs 528.9 crore a year ago.
The market coupling case involving the Indian Energy Exchange (IEX) is listed for hearing tomorrow at 10:30 am. Investors are keeping an eye on the stock due to uncertainty regarding regulatory developments.
Power Grid Corporation has been declared the successful bidder for setting up a new inter-state transmission system under Tariff Based Competitive Bidding. This has further strengthened the company’s important role in the national power infrastructure.
Government railway company Rail Vikas Nigam Limited (RVNL) has received a contract worth Rs 201.23 crore from East Coast Railway. The project involves setting up a 200 wagon capacity wagon POH workshop at Kantabanji, Odisha, which will be completed in 18 months.
Defense company Astra Microwave Products said that its joint venture company Astra Rafael Comsys has received an order worth Rs 275.27 crore from the Indian Air Force. This order is related to software integration and installation in the aircraft.
Mining giant Vedanta, while clarifying the recent news, said that the Ministry of Petroleum and Natural Gas had rejected its application for contract extension till September 2025. The company has filed a petition against this decision in the Delhi High Court, where the government has been issued a notice and directed to maintain the status quo.
Waaree Renewable Technologies
Leading renewable company Waari Renewable Technologies has received the Letter of Award for the project with a revised capacity of 704 MWAC. However, the commercial value of this project has come down to Rs 1,039 crore, which was earlier Rs 1,252 crore.
Sagar Cements has announced to sell 8.14 percent stake in its subsidiary company Andhra Cements. This offer for sale is being done to meet the minimum public shareholding rules. OFS will open for non-retail investors on January 9 and retail investors on January 12.
Nephrocare Health Services
About 19 lakh shares of Nephrocare Health Services, which is about 2 per cent of the company’s total equity, will become available for trading from Friday. After the end of shareholder lock-in, the value of these shares is estimated at around Rs 21.1 crore.
About 3.13 crore shares of Bansal Wire Industries, i.e. 20 per cent of the company’s equity, will become free for trading on Friday. The estimated value of these shares after the end of lock-in is approximately Rs 945 crore.
Bharat Heavy Electricals Limited
Shares of government company BHEL fell by 12 percent on Thursday after a Reuters report. Now investors are keeping an eye on what reaction the brokerage firms give regarding the stock, due to which the stock may remain in focus on Friday.
Bharat Forge has signed MoU with Agile Robots of Germany to advance AI based industrial automation. Its objective is to strengthen smart manufacturing and digital transformation capabilities.
IREDA will release December quarter results on Friday. The company has already shared some important operational data in its business update earlier this month, due to which the stock remains under the watch of investors.
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