The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.31% lower by 77.50 points at 24,557, indicating that the domestic benchmark indices are likely to make a negative start on Friday.
On Thursday, 12 December, Domestic benchmark indices S&P BSE Sensex slumped 236 points or 0.29% to end at 81,290 while the Nifty50 traded 93 points lower or 0.38% and settled at 24,548.
Here are some stocks that are likely to remain in focus on 13 December.
Tata Consultancy Services: TCS has announced the signing of a five-year contract with Telenor Denmark (TnDK) to provide ITIS-managed services. The contract entails managing TnDK’s IT infrastructure through the company’s delivery centre in Europe.
Zomato: The company has received a GST demand order of Rs 401.7 crore for non-payment of tax on delivery charges between 29 October 2019 and 31 March 2022. With the interest and penalty component of a similar amount, the total tax demand is Rs 803.4 crore.
Hindustan Aeronautics: The company has announced that it is securing a contract from the Ministry of Defence (MoD) to procure 12 Su-30MKI aircraft. The contract is valued at Rs 13,500 crore, and the aircraft will feature 62.6% homegrown content, which was achieved through the indigenisation of numerous components manufactured by the Indian defence industry.
Tata Motors: The company has announced a price hike of around 2% across its entire range of trucks and buses, which will take effect from 1 January 2025. The company, in a statement, said, “The price increase is to offset the rise in input costs.”
Ashok Leyland: The company has announced that it has secured an order from the Tamil Nadu State Transport Corporation to supply 1,475 BSVI diesel passenger bus chassis for a total contract value of Rs 345.58 crore.
NBCC: The company has been appointed as a project management consultant to finish 16 real estate projects of Supertech Ltd for a total cost of around Rs 9,500 crore.
Titan: The company’s luxury brand Zoya is looking to open 20 stores in the next three to four years. Zoya’s jewellery division, Ajoy Chawla, said that they have also launched a Zoya boutique in Kolkata, entering the East India market.
Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!
