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Stocks in Focus: Welspun Corp, Suven Pharma, Easy Trip Planners, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.03% lower by 7 points at 24,721, indicating that the domestic benchmark indices are likely to make a negative start on Friday. 

On Friday, 6 December, Domestic benchmark indices S&P BSE Sensex grew 110 points or 0.14% to end at 80,956 while the Nifty50 traded 10 points higher or 0.14% and settled at 24,467.

Here are some stocks that are likely to remain in focus on 9 December.

Welspun Corp: The company has announced securing two significant orders-one each for supplying HSAW-coated pipes and HSAW-coated pipes for Natural Gas Pipeline Projects in the United States. 

Suven Pharmaceuticals: The company has announced signing definitive agreements for acquiring a 56% stake in NJ Bio Inc. for a total consideration of $64.4 million, which includes both primary equity infusion and secondary acquisition. 

Easy Trip Planners: The company has announced their plans to acquire a 49% stake in Pflege Home Health Care Centre for a total consideration of Rs 30 crore for entering the healthcare and medical tourism business. 

UltraTech Cement: The company has announced receiving a notice from the fair trade regulator CCI for its proposed acquisition of India Cements Ltd. 

State Bank of India: The company has announced their plans to sell bad loans worth Rs 2,732.5 crore that are related to Odisha-based ARSS Infrastructure Projects Ltd through a Swiss challenge auction.

SBI Card: In its regulatory filing, the company said that they have achieved a significant milestone of 20 million cards in force despite having started its credit card business in 1998. 

Aadhar Housing Finance: The company is expecting its assets under management to cross the Rs 25,000 crore mark by the end of fiscal year 2025.

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