stocks to watch, Indus Towers, Bharat Forge, PG Electroplast, IGL, L&T, Torrent Pharma, Suraj Estate, Mazagon Dock, Gallantt Ispat, Muthoot Microfin, Styrenix Performance and more, these are the stocks to watch for today.
Front-running refers to an illegal practice, where an entity trades based on advanced information from a stock broker or analyst before the information has been made available to clients.
Shares of Bondada Engineering Ltd ended at ₹588.95, down by ₹12.20, or 2.03% on the BSE.
In 2024, domestic and foreign equity holders sold shares worth over $30 billion via block deals, showcasing sustained interest in Indian equities despite challenges. Notable transactions included British American Tobacco’s $2 billion stake sale in ITC, Blackstone’s $810 million sale in Mphasis, and Hoechst’s ₹6,927 crore sale in Sanofi Consumer Healthcare. Vodafone announced its exit from Indus Towers, raising funds to repay $101 million debt and settle dues. Despite a 7% drop, Nifty50 maintains a premium valuation over its peers.
Public Sector Banks (PSBs) and the Central Bureau of Investigation (CBI) discussed measures to expedite fraud investigations, with PSBs evaluating a new IT tool for detailed asset tracing.
Indus Towers holds a security interest over any residual proceeds from the stake sale.
Shares of PG Electroplast ended 0.5% higher on Wednesday at ₹771. The stock is still up 161% so far in 2024, despite having corrected 12% from its recent peak of ₹710.
Shares of Styrenix Performance Materials Ltd ended at ₹2,502, down by ₹2, or 0.080%, on the BSE.
The land will be developed into a commercial building with a projected gross development value (GDV) of approximately ₹525 crore. Shares of Suraj Estate Developers Ltd ended at ₹673.30, down by ₹5.90, or 0.87%, on the BSE.
Shares of Bharat Forge ended 2.1% higher at ₹1,379 on the BSE on Wednesday.
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