stocks to watch, UPL, PSP Projects, Aditya Birla Capital, Tata Power, JSW Steel, NLC India, Garden Reach, Dr Reddy’s, Grasim Industries, Godfrey Phillips, GNFC, Wipro, Godrej Properties, SECI and more, these are the stocks to watch for today.
The number of deals in October 2024 was 21% higher year-on-year, with 91 deals compared to 75 in October 2023, according to Vivek Soni, Partner and National Leader, Private Equity Services, EY
75% of India’s current defence capital expenditure (capex) is now directed towards domestic procurement, marking a significant increase from 60% just three years ago, Singh said speaking at FICCI’s 97th AGM and Annual Convention.
An article on ‘State of the Economy’ published in the November Bulletin also noted that domestic financial markets are seeing corrections with relentless hardening of the US dollar and equities being under pressure from persistent portfolio outflows.
‘If we fail to add 120 million tonnes of capacity by 2030, India risks becoming a net steel importer,’ Union Steel Secretary Sandeep Poundrik said at a FICCI panel discussion.
Despite a potential undershoot in FY25 capex, the government expects to exceed last year’s ₹9.5 lakh crore spend, while maintaining its 6.5-7% GDP growth projection, says Ajay Seth, Secretary of the Department of Economic Affairs (DEA).
INEOS Acetyls is a leading producer of acetic acid globally and GNFC is the only current producer of acetic acid in India. On November 19, shares of Gujarat Narmada Valley Fertilizers & Chemicals Ltd ended at ₹560, up by ₹2.10, or 0.38%, on the BSE.
Historically, state elections have had minimal long-term impact on stock performance, as the central government typically plays a more significant role in shaping market trends.
The Union Power Ministry advises states against levying free power on pumped storage projects (PSPs), while CII calls for policy support to boost energy storage in India’s renewable energy transition.
The rights issue will open on December 5, 2024, and close on December 17, 2024. On November 19, shares of UPL Ltd ended at ₹546.85, up by ₹10.35, or 1.93%, on the BSE.
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