Stocks to Watch: The stock market witnessed volatile trading last week. Sensex and Nifty saw a decline of 0.5 percent during the entire week. However, the recovery in the last two trading sessions limited the losses to a great extent. Now the eyes of investors are fixed on the market opening on Monday, December 15, where movement may be seen in some specific stocks due to corporate updates and sector related news.
1. InterGlobe Aviation (Indigo)
IndiGo has confirmed a strong return to operational stability and announced that it is set to operate more than 2,050 flights today. This is the second consecutive day when the number of IndiGo flights has remained above the 2,000 mark. Following the revised schedule as per government directives, all 138 operational destinations have been successfully added and on-time performance has also returned to normal levels, the airline said in a filing to stock exchanges.
2. Bharat Electronics (BEL)
Shares of defense sector government company Bharat Electronics may also be in focus on Monday. The company told the exchanges after market close on Friday that it had received additional orders worth Rs 776 crore. This new order inflow further supports the company’s strong order book and strengthens its position in the defense electronics segment, which may increase investor interest.
3. Wipro
There is also a possibility of movement in the shares of IT sector giant Wipro. The company has announced further expansion of its strategic partnership with Google Cloud. Under this, Wipro has adopted Gemini Enterprise in its global operations. Under the ‘Client Zero’ approach, the company will first test and validate AI solutions in its own systems, after which they will be offered to customers. This step is considered to strengthen Wipro’s AI strategy.
4. KEC International
Shares of infrastructure sector company KEC International will also be on the radar of investors. The company has informed that it has received new orders worth Rs 1,150 crore, which are related to its civil and transmission and distribution i.e. T&D business. This order strengthens the company’s order pipeline and may help in enhancing revenue visibility in the coming quarters.
5. State Bank of India (SBI)
Shares of the country’s largest government bank State Bank of India i.e. SBI will also be under watch on Monday. The bank has reduced its lending rate by 25 basis points to 7.90 percent. This decision will make loans cheaper for both existing and new customers, the effect of which can be seen on the loan growth and margins of the bank.
6. Dr Reddy’s Laboratories
From the pharma sector, shares of Dr. Reddy’s Laboratories may also be in discussion. The company said after market close on Friday that US regulator USFDA has issued Form 483 after GMP and pre-approval inspection at its formulation plant in Srikakulam, Andhra Pradesh, in which five observations have been recorded. In such cases, investors usually adopt a cautious approach, which may also put pressure on the stock.
7. United Drilling Tools
Apart from this, investors can also keep an eye on the shares of United Drilling Tools. The company has secured an export order worth about Rs 3.27 crore from Weafri Well Services Company of Nigeria. Under this contract, the company has to supply wireline winch and power pack within the stipulated time frame of three months. This order is believed to strengthen the company’s international business.
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