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Stocks in Focus: Adani Enterprises, Jupiter Wagons, BHEL and Others

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The GIFT Nifty futures were trading in the green before the market’s opening on Friday. Indices are expected to open on a similar positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, settled at record highs on Thursday following a global market rally as the US Fed signalled the end of its tightening cycle. Nifty finished the day at 21,182.70 with a gain of 256.35 points or 1.23%, while Sensex jumped 1.34% or 926.60 points to 70,514.20.

Here are some stocks to look out for on December 14.

Bharat Heavy Electricals Ltd (BHEL): The company has signed a Memorandum of Understanding (MoU) with the Central Manufacturing Technology Institute, focusing on hydrogen value chain development and IIOT (Industrial Internet of Things) solutions for predictive maintenance of machines and manufacturing processes.

Genus Power Infra: The company’s wholly-owned subsidiary has received a Letter of Award (LOA) worth Rs 1,026 crore for supplying, installing, and commissioning a million smart prepaid meters.

Infibeam Avenues: The company will enter the capital and digital lending software markets by acquiring a 49% stake in Pirimid Fintech for Rs 25 crore. 

Jupiter Wagons: The company has received a Rs 1,617 crore order from the Ministry of Railways to manufacture and supply 4,000 BOXNS wagons. 

Sterling and Wilson Renewable Energy: The company’s subsidiary Sterling and Wilson International FZE, Dubai, has received a settlement amount of $30.54 million or Rs 254.20 crore from Jinko Solar Co.

Texmaco Rail Engineering: The industrial products company has received a Rs 1,374.41 crore order from the Ministry of Railways to manufacture and supply 3,400 BOXNS wagons.

Adani Enterprises: Israel-based defence electronics company Elbit Systems Ltd has acquired a 44% stake in Atharva Advanced Systems and Technologies, an Adani Defence Systems and Technologies Ltd unit. Adani Enterprises’ stake in the step-down arm is reduced to 56%.

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