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Stocks in Focus: Reliance Power, NTPC Green Energy, HG Infra Engineering, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.05% lower by 13.50 points at 24,672, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday. 

On Tuesday, 10 December, Domestic benchmark indices S&P BSE Sensex grew 1.6 points or 0.00% to end at 81,510 while the Nifty50 traded 9 points lower or 0.04% and settled at 24,610.

Here are some stocks that are likely to remain in focus on 11 December.

Reliance Power: The company has announced the establishment of its renewable energy business subsidiary, Reliance NU Energies, and has appointed Rakesh Swaroop as Chief Operating Officer and Mayank Bansal as Chief Executive Officer of the arm. 

NTPC Green Energy: The company’s energy subsidiary, NTPC Renewable Energy, has announced that it is securing a 500 megawatt (MW) solar project from the Solar Energy Corporation of India. 

HG Infra Engineering: The company has announced securing a Letter of Acceptance (LoA) for upgrading the newly-declared NH-227B Bahuvan Madar Majha to Jagarnathpur, known as ’84 Kosi Parikrama Marg,’ in UP from the Ministry of Road Transport and Highways. 

HDFC Bank: The lender has leased 416,000 square feet of office space in the Gigaplex complex, which is located in the Mindspace property of K Raheja Corp in Airoli, Navi Mumbai for 10 years. 

Indian Overseas Bank: The company has received order confirmation from the Income Tax Department refunding Rs 1,359.29 crore for the assessment year 2015-16. 

LTIMindtree: The company has announced a strategic partnership with GitHub to accelerate Artificial Intelligence (AI)-driven software engineering. 

IndiGo: The company has announced that it will offer business class seats on selected flights to its customers for the Delhi-Bengaluru route from 10 January. 

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