Stock Market News: December 17 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on December 17, 2024

Mindspace Business Parks REIT

• Utilities | Small Cap
• Rs.359.89/-

Enviro Infra Engineers Ltd

• Infrastructure Developers & Operators | Small Cap
• Rs.349.15/-

Swiggy Ltd

• E-Commerce/App based Aggregator | Large Cap
• Rs.592.90/-

Dixon Technologies (India) Ltd

• Consumer Cyclical | Large Cap
• Rs.19016.35/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Large Cap
• Rs.5084.25/-

Zomato Ltd

• Technology | Large Cap
• Rs.298.80/-

Waaree Energies Ltd

• Capital Goods – Electrical Equipment | Mid Cap
• Rs.3220.45/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1252.75/-

One 97 Communications Ltd

• E-Commerce/App based Aggregator | Mid Cap
• Rs.1028.00/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1848.50/-

Quess Corp Ltd

• Technology | Small Cap
• Rs.729.85/-

Suzlon Energy Ltd

• Industrials | Mid Cap
• Rs.68.93/-

Rashtriya Chemicals & Fertilizers Ltd

• Basic Materials | Small Cap
• Rs.186.39/-

Zen Technologies Ltd

• Technology | Small Cap
• Rs.2411.15/-

Trending Top Stories in The Indian Stock Market on December 17, 2024

1. HSBC upgraded Infosys to buy while recommending holding Wipro; Q4 expected to be weaker than Q3.

2. Chairman M. Murali approved to acquire 13,38,335 shares of Shriram Properties Holdings from Shriram Group Executive Welfare Trust, increasing indirect holdings.

3. Reliance Industries shares will end 2024 with negative returns for the first time in a decade, amid declining market capitalization and challenging economic conditions.

4. Maharashtra Metro Rail Corporation has accepted the letter for a ₹270 crore project by Rail Vikas Nigam Limited.

5. Equirus initiates coverage on Delhivery Ltd. with a long recommendation and a target price of ₹459, anticipating 14% revenue CAGR over FY24-27.

6. Zomato to get inflows worth $513 million as the food delivery company joins BSE Sensex on December 23, marking the first entry of a new-age tech stock in the index.

7. JM Financial has initiated a ‘Buy’ rating on Piramal Pharma with a target price of 340, citing strong growth and margin expansion.

8. Goldman Sachs has maintained a buy recommendation on Aurobindo Pharma with a target price of Rs 1,525, suggesting a 22% upside.

9. GST Council may bring food delivery charges for platforms like Swiggy under a reduced tax slab of 5% from the present 18%, effective from January 1, 2024.

10. Income Tax Department conducting searches at India Pesticides offices; the company is said to be cooperating with authorities.

11. Sridhar Kadangode has resigned as Chief Financial Officer of Abbott India Ltd, effective 26 February 2025

12. Vikas Goel resigns as Managing Director & CEO of PNB Gilts, citing personal reasons for December 23, 2024.

13. Hindustan Construction Company has floated a Qualified Institutional Placement with the floor price at Rs 45.27 per share, aiming to mop-up Rs 400 crore.

14. Abu Dhabi Investment Authority to sell 9.2% stake in Mindspace Business Parks REIT through block deal worth Rs 1,903 cr.

15. Gravita India launched a QIP at the floor price of Rs 2,206.49 a share, raising Rs 750 cr.

16. GST Council to consider reducing tax on food delivery charge for apps like Zomato from 18% to 5% from Jan 1, 2024.

17. Zomato’s Head of Business Finance Hemal Jain quits the organization to pursue other interests; her last working day was January 31, 2025.

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Source: Google Google News  NSE BSE

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