The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.10% higher by 24.5 points at 24,370, indicating that the domestic benchmark indices are likely to make a lacklustre start on Monday.
On Friday, 29 November, Domestic benchmark indices S&P BSE Sensex surged 759 points or 0.96% to end at 79,803 while the Nifty50 traded 217 points higher or 0.91% and settled at 24,131.
Here are some stocks that are likely to remain in focus on 2 December.
Power Mech Projects: The company announced securing an order worth Rs 510 crore from Adani Power. The scope of the order is related to the performance of Mechanical construction works for the 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (Project) at Raikheda village in Raipur District, Chhattisgarh.
Cochin Shipyard: The company has signed a contract with the Ministry of Defence for Short Refit and Dry Docking (SRDD) of INS Vikramaditya for a total cost of Rs 1,207.5 crore.
Religare Enterprises: The company has received warning letters from stock exchanges for delaying the disclosure of the Reserve Bank of India’s refusal for the appointment of Rakesh Asthana as additional director.
ONGC: The company’s overseas investment subsidiary, ONGC Videsh, has completed acquiring Norwegian firm Equinor’s stake in an oilfield and an associated pipeline in Azerbaijan for a total consideration of $60 million.
KEC International: The company has announced securing orders worth Rs 1,040 crore through its Transmission and Distribution (T&D) business in international markets, which is for supplying towers, hardware, and poles for projects in America.
DLF: The joint venture of the company DCCDL has an IT park in Kolkata to Primarc and RDB group for a total consideration of Rs 637 crore.
Biocon: The company’s subsidiary, Biocon Biologics Ltd, has announced that the US Food and Drug Administration (USFDA) has provided approval for YESINTEK (Ustekinumab-kfce), which is a biosimilar to reference listed drug Stelara (Ustekinumab).
Ashok Leyland: The company’s financial services subsidiary, Hinduja Leyland Finance, has announced its plans to raise $300-500 million through the debut issuance of dollar bonds during this fiscal year.
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