The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.16% higher by 39 points at 24,189, indicating that the domestic benchmark indices are likely to make a positive start on Friday.
On Thursday, 2 January, Domestic benchmark indices S&P BSE Sensex skyrocketed 1,436 points or 1.83% and settled at 79,944 while the Nifty50 traded surged 446 points or 0.1.88%, settling at 24,189.
Here are some stocks that are likely to remain in focus on 3 January.
RITES: The company has announced that it is securing a work order worth Rs 69.78 crore from the Steel Authority of India Ltd – Bhilai Steel Plant. As a part of the order, the company will repair R3Y/ R6Y of WDS6 locomotives for a period of 3 years.
Biocon: The company’s subsidiary, Biocon Pharma, secured approval from China for Tacrolimus capsules (0.5mg, 1mg, 5mg), which is an immunosuppressant that helps prevent organ rejection in transplant patients and will strengthen Biocon’s global drug portfolio.
Wockhardt: The company has received approval for Miqnaf (nafithromycin), a three-day treatment for bacterial pneumonia, including drug-resistant infections.
IRFC: The company has partnered up with REMC to fund renewable energy projects for Indian Railways, which is looking to finance thermal, nuclear, and renewable power projects aimed at boosting clean energy use in railways.
Bharti Airtel: The company has announced acquiring a 26% stake in AMP Energy Green Three for a total consideration of Rs 37.89 crore. This strategic acquisition will support the company’s green energy goals, as AMP Energy owns and runs a captive power plant dedicated to renewable energy.
Varun Beverages: The company has announced their plans to invest Rs 413 crore in its South African subsidiary Beverage Company Proprietary (Bevco). Bevco is an existing subsidiary of the company engaged in the business of manufacturing and distribution of licensed products from PepsiCo.
NHPC: The company has announced receiving the second gross payment worth Rs 250 crore under the Mega Insurance Policy against the insurance claim for Business Interruption (BI) losses caused by a flash flood, which happened on 4 October at the Teesta-V Power Station.
JK Lakshmi Cement: The company has received approval from bourses to merge three subsidiaries into the company. As a part of the amalgamation scheme, three subsidiaries, Hansdeep Industries and Trading, Udaipur Cement Works, and Hidrive Developers and Industries, will merge into JK Lakshmi Cement.
Zee Entertainment Enterprises: The settlement application filed by the company and its chief executive officer, Punit Goenka, in alleged violations of the Listing Obligations and Disclosure Requirements (LODR) regulations was rejected by the Securities and Exchange Board of India.
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