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Stocks in Focus: Ola Electric, Indian Oil Corporation, Welspun Corp, and Others

Picture Source: Internet.

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, were trading 0.01% higher by 3 points at 23,826, indicating that the domestic benchmark indices are likely to make a muted start on Thursday. 

On Tuesday, 24 December, Domestic benchmark indices S&P BSE Sensex slumped 67 points or 0.09% to end at 78,473 while the Nifty50 traded 25 points lower or 0.11% and settled at 23,728.

Here are some stocks that are likely to remain in focus on 26 December.

Ola Electric: The company now has 4,000 stores across India, highlighting a four gold increase from its previously reported figure of 800 stores. 

Indian Oil Corporation: The company has announced an investment of Rs 61,000 crore for setting up a naphtha cracker project at Paradip in Odisha. The company will sign a Memorandum of Understanding with the Odisha government. 

Welspun Corp: The company’s arm, East Pipes Integrated Company for Industry, has signed a deal with AI Rashid Trading and Contracting Company and Saudi Real Estate Infrastructure Company (Binyah) for a contract worth Rs 130 crore. 

Swiggy: The company is looking to have at least 100,000 female delivery partners by 2030. 

Gland Pharma: The company has received 10 observations from ANSM France after they conducted an inspection at Cenexi’s Fontenay manufacturing facility.

Ramky Infrastructure: The company has received a letter of acceptance for a project from Hyderabad Metropolitan Water Supply & Sewerage Board worth Rs 215.08 crore. 

NTPC Green Energy: The subsidiary of the company, NTPC Ltd, as it is today, marks the end of the shareholder lock-in period. 

Panacea Biotec: The company has announced receiving a UNICEF award worth Rs 127 crore for supplying 115 million doses of bOPV in 2025.

BPCL: The company has announced emerging as the lowest bidder for NTPC’s 150 megawatts (MW) ISTS-connected Solar PV Power Project that will have an estimated capital outlay of Rs 756.45 crore and has a projected annual revenue of Rs 100 crore. 

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