Stock Market News: December 30 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on December 30, 2024

One Mobikwik Systems Ltd

• Mobikwik E-Commerce/App based Aggregator | Small Cap
• Rs.640.55/-

Greaves Cotton Ltd

• Industrials | Small Cap
• Rs.277.13/-

JSW Energy Ltd

• Utilities | Large Cap
• Rs.656.30/-

Ventive Hospitality Ltd

•  Realty | Small Cap
• Rs.723.00/-

Senores Pharmaceuticals Ltd

• Pharmaceuticals | Small Cap
• Rs.592.20/-

Triveni Engineering and Industries Ltd

• Consumer Cyclical | Small Cap
• Rs.512.00/-

Adani Enterprises Ltd

• Financial Services | Large Cap
• Rs.2477.55/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.5340.00/-

Amber Enterprises India Ltd

• Consumer Cyclical | Small Cap
• Rs.7382.00/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1218.00/-

ICICI Bank Ltd

• Financial Services | Large Cap
• Rs.1313.70/-

Dam Capital Advisors Ltd

• DAM Stock/ Commodity Brokers |Small Cap
• Rs.397.55/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.744.70/-

Transrail Lighting Ltd

• Rs.564.15/-
• Infrastructure Developers & Operators | Small Cap

Vodafone Idea Ltd

• Communication Services | Mid Cap
• Rs.7.81/-

Trending Top Stories in The Indian Stock Market on December 30, 2024

1. Adani Enterprises expected to see consolidated revenue grow at a CAGR of 17.5% and net earnings by 45.8% from FY24 to FY27, according to reports.

2. IOL Chemicals’ board approves 1:5 stock split to sub-divide every share of Rs 10 into five shares of Rs 2, subject to shareholder approval.

3. Inox Wind gets top ratings from ACUITE A1+ for short-term facilities and ACUITE A+ with Stable outlook for the long-term facilities by Acuité Ratings.

4. Reserve Bank of India opens up UPI access for prepaid payment instruments through third-party applications; Paytm and One MobiKwik Systems will be affected.

5. Asian Paints also faces increasing competition and eroding operating margins, with the sector expected to grow 8-10% this year, says Care Edge.

6. CAMS board approves investment of additional Rs 8 crore in subsidiary CAMS Financial Information Services through a rights issue.

7. SBI pays 5.35% on one-year rate dollar deposits under the FCNR (B) scheme, which is unchanged since mid-October.

8. Govt waives bank guarantees of Rs 33,000 crore for past spectrum auctions, benefiting telecom stocks including Bharti Airtel.

9. Srinivas Pallia appointed as CEO and Managing Director of Wipro, succeeding Thierry Delaporte, amid revenue growth challenges.

10. Goldman Sachs maintains buy rating on Infosys Infosys sees 7% revenue growth in FY26, better visibility into CY25.

11. Axis Securities has come out with a buy recommendation on Bharti Airtel at a target price of Rs 1,880, an upside of 18%.

12. Morgan Stanley started Zinka Logistics at Underweight with a target price of 450, implying a downside of 16%.

13. NTPC inks strategic pact with US-based Clean Core Thorium Energy to explore advanced nuclear energy development.

14. JPMorgan maintains Overweight rating on Cholamandalam Investment & Finance with a target price of Rs 1550, citing favorable long-term risk reward.

15. Mahindra & Mahindra forms Ultrogen Hybren to focus on renewable energy and aims to become an Independent Power Producer.

16. Religare Broking has given a buy call on HDFC Bank with a target price of Rs 2,008.

17. Motilal Oswal has a ‘buy’ rating on Ipca Labs with a target price of 1980, implying a 21% upside.

18. IL&FS Engineering secures Rs. 302.82 crore project for Bhubaneswar Metro Phase-I from Ceigall India, increasing revenue potential.

19. SJVN has appointed Sanjay Kumar as Chief Financial Officer (CFO), with effect from January 1, 2025.

20. CTO Pullakurthi Srinivasa Reddy has resigned from CAMS, effective December 27

21. Reliance Power subsidiary Rosa Power Supply has secured a Rs 3,760 crore term loan from Power Finance Corporation for corporate purposes and renewable energy projects.

22. Motilal Oswal maintains ‘buy’ rating on KEI Industries, sets target at Rs 5150, citing strong growth prospects in the cables and wires industry.

23. Ventura cuts Adani Enterprises’ target price by 37% to Rs 3,801 but retains Buy rating, citing strong fundamentals and operational strength.

24. Adani Green Energy has incorporated a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited, for the business of renewable energy generation and distribution.

25. Four fatalities reported due to an GEL incident at Gujarat Fluorochemicals’ Dahej plant, leading to temporary disruption of operations.

26. Coforge’s board approved the Coforge amalgamation with Cigniti Technologies; shareholders will receive one Coforge share for every five Cigniti shares held.

27. Brightcom Group Outlines Re-Listing Process After Almost Seven Months of Suspension; Compliance Requirements Met, but No Specific Timeline Provided.

28. Alkyl Amines reported a rupture in a residue tank at its Kurkumbh plant, which could lead to temporary production halts.

29. Vodafone Idea provided waiver of bank guarantees for spectrum auctions between 2012 and 2021, under certain terms and conditions.

30. IPCA Laboratories, with its strong growth in the top therapies and stable pricing, is well poised to revive its US business with new product launches.

31. PNC Infratech arm gets nod for 100% stake transfer in PNC Chitradurga Highways to Highways Infrastructure Trust.

32. Tata Motors will launch new passenger EVs with a range of at least 500 km on a single charge, managing director Shailesh Chandra said.

33. JSW Energy to acquire O2 Power for $1.47 billion, enhancing its renewable energy portfolio with a target capacity of 25 GW by FY27/28

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Source: Google Google News  NSE BSE

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