Stock Market News: December 16 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on December 16, 2024

Check These Stock Trending In The Stock Market

Dixon Technologies (India) Ltd

• Consumer Cyclical | Large Cap
• Rs.18425.70/-

Enviro Infra Engineers Ltd

• Infrastructure Developers & Operators | Small Cap
• Rs.313.08/-

HBL Engineering Ltd

• Consumer Cyclical | Small Cap
• Rs.709.20/-

Angel One Ltd

• Financial Services | Small Cap
• Rs.3245.95/-

Swiggy Ltd

• SWIGGY E-Commerce/App based Aggregator | Large Cap
• Rs.544.45/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Mid Cap
• Rs.5025.00/-

Vedanta Ltd

• Basic Materials | Large Cap
• Rs.515.30/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.5685.00/-

Swan Energy Ltd

• Consumer Cyclical | Small Cap
• Rs.793.70/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1867.65/-

Bharti Airtel Ltd

• Communication Services | Large Cap
• Rs.1670.70/-

Afcons Infrastructure Ltd

• Infrastructure Developers & Operators | Small Cap
• Rs.557.00/-

Kaynes Technology India  Ltd

• Consumer Durables | Mid Cap
• Rs.6949.40/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1277.70/-

ICICI Bank Ltd

• Financial Services | Large Cap
• Rs.1346.45/-

Trending Top Stories in The Indian Stock Market on December 16, 2024

1. Citi maintains sell call on TCS with a target price of ₹3,935, citing potential 12% downside and concerns over project stability and demand in Europe.

2. CLSA maintains ‘Underperform’ rating on Tata Power, raises target price to 351, citing profitability challenges in renewable energy segment.

3. Jefferies cuts target price for Pl Industries to Rs 4,865 from Rs 5,100, citing lower growth expectations following Kumiai’s guidance.

4. GAIL plans to upgrade the pipeline infrastructure for gas and will develop new projects with 80 new CNG stations and 1.2 lakh domestic-PNG connections in the next two years.

5. UltraTech Cement becomes the first in its industry to transport gypsum through National Waterway 1, thus upholding sustainable logistics and reducing carbon emissions.

6. JPMorgan retains Overweight rating on Persistent Systems with a price target of ₹6,100, driven by good growth drivers and productivity due to GenAI.

7. Gujarat government has allotted the land in Vadodara, Surat, and Tapi for the cultivation of oil palm. National Mission on Edible Oils promotes agricultural extension.

8. JPMorgan remains outperform rating on Godrej Consumer Products with a target price of ₹1,365 as the firm awaits soap volume to bounce back within two quarters.

9. Private banks are likely to drive the index as they perform better than PSU banks, and also, it shows that the market is led by private banks in general, including ICICI Bank and HDFC Bank.

10. GE Power India Ltd got an extension of the purchase order amounting to Rs 18.27 crore for boiler parts supply from MP Power Generating.

11. Happy Forgings Ltd received an order for an amount of Rs 140 crores to supply crank shafts to the domestic passenger vehicle segment.

12. The board of 63 Moons Technologies approved the one-time settlement proposed by the NSEL Investors Forum of Rs 1,950 crores.

13. ONGC Green does not plan to list on the stock market for now, at least: parent company ONGC.

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Source: Google Google News  NSE BSE

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