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Stocks in Focus: NTPC, Bharat Electronics, MMTC, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.20% higher by 48 points at 23,787 indicating that the domestic benchmark indices are likely to make a positive start on Tuesday. 

On Monday, 23 December, Domestic benchmark indices S&P BSE Sensex surged 498 points or 0.64% to end at 78,540 while the Nifty50 traded 166 points higher or 0.70% and settled at 23,753.

Here are some stocks that are likely to remain in focus on 24 December.

NTPC: The company has signed an initial pact with GRIDCO and CRUT to set up green hydrogen infrastructure in Odisha.  

Bharat Electronics: Since its last filing on 9 December, the company has secured orders worth Rs 973 crore, taking the company’s total order book for the fiscal year 2025 to Rs 9,801 crore. 

MMTC: The company has received a warning letter from NSE and BSE following the company’s failure to convene a “stakeholders relationship committee” during the fiscal year 2023-24, which is required under regulatory guidelines. 

Adani Enterprises: The wholly-owned subsidiary of the company, Adani Defence Systems and Technology, has signed a share purchase agreement (SPA) to acquire an 85.8% stake in Air Works India (Engineering). 

Aurionpro Solutions: The company has announced its entry into the European market by acquiring a 100% stake in the financial services technology provider Fenixys for a total consideration of €10 million. 

Supreme Facility Management: The company has announced a strategic partnership with Komorebi Tech Solutions Pvt Ltd to enhance bus services in the Mumbai Metropolitan Region, and this partnership is expected to generate around Rs 42 crore in business. 

TVS Motor: The company has completed the acquisition of an additional 39.11% stake in DriveX, taking its total stake in the company to 87.38%. 

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HG Infra: The subsidiary of the company, HG Banaskantha BESS Pvt Ltd, has announced signing a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam Limited for a 185 megawatt (MW)/370 MWh project on a long-term basis. 

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