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Stocks in Focus: Mankind Pharma, Reliance Power, Acme Solar Holdings, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, were trading 0.22% higher by 52 points at 23,915, indicating that the domestic benchmark indices are likely to make a positive start on Friday. 

On Friday, 26 December, Domestic benchmark indices S&P BSE Sensex closed flat at 78,472 while the Nifty50 traded 22.5 points higher or 0.10% and settled at 23,750.

Here are some stocks that are likely to remain in focus on 27 December.

Mankind Pharma: The company has formed a partnership with Innovent Biologics to exclusively license and commercialise the innovative immunotherapy drug Sintilimab, which is used to treat cancer. 

Reliance Power: The company’s subsidiary, Reliance NU BESS, has been granted interim relief by the Delhi High Court. 

Acme Solar Holdings: The company’s subsidiary, ACME Renewtech, has secured Rs 1,988 crore in term loan financing from Power Finance Corporation for funding the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project.

Dixon Technologies: The subsidiary of the company, Dixon Electro Manufacturing, has announced signing an MoU with Cellecor Gadgets to manufacture refrigerators and related components.  

NHPC: Three units of 250 MW each from the Subansiri Lower HE Project are to be completed by May 2025. The remaining five units of 250 MW each are to be completed by May 2026 in a phased manner.  

Larsen & Toubro: The company is expecting its construction and mining machinery business to grow by at least 20% in the next financial year, and it is also planning to double sales over a period of five years. 

Gensol Engineering: The company has secured an Rs 897 crore EPC contract for 225 megawatts (MW) solar PV projects at GSECL Solar Park (Stage-III), Khavda, Gujarat, from NTPC Renewable Energy. 

Lemon Tree Hotels: The company has announced signing an agreement for a new property, Lemon Tree Hotel, Bapane, Maharashtra, which will be managed by a wholly-owned subsidiary of the company, Carnation Hotels Private Limited. 

Jubilant FoodWorks: The company has announced the signing of a Memorandum of Understanding (MoU) with Coca-Cola India to procure sparkling beverage products and other Coca-Cola offerings.

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