Indian Stock Market – Exploring Lucrative Investment Prospects on December 3, 2024
Check These Stock Trending In The Stock Market
Swiggy Ltd
- E-Commerce/App based Aggregator | Large Cap
- RS.512.30/-
Varun Beverages Ltd
- Consumer Defensive | Large Cap
- RS.621.80/-
ITC Ltd
- Consumer Defensive | Large Cap
- RS.469.95/-
State Bank of India
- Financial Services | Large Cap
- RS.855.10/-
Adani Green Energy Ltd
- Utilities | Large Cap
- RS.1317.50/-
Adani Enterprises Ltd
- Financial Services | Large Cap
- RS.2505.30/-
ZEE Enterprises Ltd
- Consumer Cyclical | Small Cap
- RS.137.55/-
HDFC Bank Ltd
- Financial Services | Large Cap
- RS.1834.60/-
Ola Electric Mobility Ltd
- Automobile | Mid Cap
- RS.98.23/-
Indegene Ltd
- Healthcare | Small Cap
- RS.628.95/-
NTPC Green Energy Ltd
- Power Generation & Distribution | Large Cap
- RS.142.12/-
Reliance Industries Ltd
- Energy | Large Cap
- RS.1322.15/-
Enviro Infra Engineers Ltd
- Infrastructure Developers & Operators | Small Cap
- RS.255.60/-
Adani Ports & Special Economic Zone Ltd
- Real Estate | Large Cap
- RS.1271.00/-
Trending Top Stories in The Indian Stock Market on December 3, 2024
- UBS initiates Neutral rating for Oberoi Realty with a target price of Rs 2,230, indicating a 7% upside from its LTP.
- Torrent Power launches QIP to raise Rs 3,500 crore by selling 4.6% equity stake, proceeds for debt repayment and corporate purposes.
- UBS initiates Buy rating for Prestige Estates with a target price of ₹2,175, indicating a potential upside of 26-27%.
- Nazara Technologies sanctioned five investments amounting to 196 crore, including 100% acquisition of Absolute Sports owner of Sportskeeda.
- TBO Tek shares slipped 7% after a block deal involving 64.34 lakh shares valued at Rs 951 crore at Rs 1,476 per share.
- Sundaram Auto Components, a subsidiary of TVS Motor, sanctioned the sale of its injection-molded plastic component division to Pricol Precision Products for Rs 215.3 crore.
- Citi retains buy on Mahindra & Mahindra at ₹3,520 citing positive farmer sentiment and demand for tractors.
- Two advisory firms advise Rshareholders to vote against Gautam Singhania’s appointment as executive chairperson of Raymond Lifestyle citing governance concerns.
- Tata Power Renewable Energy commissions 431 MW DC solar project in Neemuch, Madhya Pradesh. This enhances the efficiency of the generation of solar energy by more than 15%.
- HDFC Bank saw delivery of 31,088 crore worth, highest in six months, during the recent sell-off by FPI.
- VST Industries lost 2.3% after it has proposed to raise GST on tobacco products from 28% to 35% and a decline in sales.
- Motilal Oswal gives buy rating to Angel One with a target price of Rs 3,600 with strategic diversification and growth potential.
- Adani Group entities, among them Adani Enterprises, seek settlement with Sebi over allegations of violating public shareholding norms in four listed companies.
- CA Dawn sold 4.7% stake in Indegene for Rs 707 crore through block deals to reduce holding below 10%.
- Steel Ministry proposes imposing safeguard duty on import of steel products, putting steel stocks like JSW Steel in focus.
- CareEdge upgraded Gopalpur Ports adani Limited’s credit rating to AA/Stable following its acquisition by Adani Ports and Special Economic Zone in March.
- MOIL reported its best November production of 1.63 lakh tonnes of manganese ore, with sales up 32% YoY to 1.33 lakh tonnes.
- Bangladesh Tax Tribunal dismissed KEC International’s appeal against VAT demand; the company plans to challenge the order in the High Court.
- Tata Consumer Products is planning to double the beverage vending machines to 4,000 by FY25. The target will be on the HORECA segment and top six metros.
- ONGC plans to enter offshore mineral mining with drilling expertise. The company has said this in the context of the government’s push for the domestic exploration of critical minerals.
- Swiggy to report July-September 2024 quarter earnings on Dec 3; first earnings report since listing.
- Varun Beverages drops as V reports Group of Ministers proposes 35% special GST on aerated drinks.
- Bank of America reaffirms Buy rating on JSW Steel, with target price of Rs 1,090 citing expansion plans and financial improvement.
- Coal India has chosen under Category-I of the 8,500 crore Coal Gasification Incentive Scheme to encourage the clean energy solutions.
- CA Dawn Investments to sell 2.9% stake in Indegene Ltd, and a floor price was seen at ₹615.
- Heavy selling pressure for the shares of Godfrey Phillips India Ltd as the Union Government may raise the proposal for a tax hike to 35% on cigarettes.
- The Delhi High Court has sought responses from the Central government on Tata Power’s appeal against reduced compensation for deallocation of the Mandakini Coal Block.
- JPMorgan reiterated its Overweight rating on KPIT Technologies with a target price of 1,900, given prospects of recovery and strategic QIP for mergers and acquisitions.
- Axis Bank has made HSBC Global Research’s top stock picks for 2025, with an upside of 19%.
- UBS starts coverage on DLF with a Buy recommendation with a target price of ₹1,005. There’s an 18% potential upside.
- Torrent Power opened the QIP with the aim of raising up to ₹5,000 crore with a floor price at 1,555.75 per share.
- The promoters sold 19.6% stake in Home First Finance for ₹1,728 crore. BofA, Goldman Sachs, among others, bought a 12.6% stake in the firm for ₹1,110.43 crore.
- Indoco Remedies announces strategic collaboration with Clarity Pharma to launch around 20 products over the next 18 months.
- BofA, Goldman Sachs, Citigroup among others acquired a 12.57% stake in Home First Finance for Rs 1,110.43 crore in a block deal.
- Bangladesh Tax Tribunal dismissed KEC International’s appeal against VAT demand; the company plans to challenge the order in the High Court.
- Tata Consumer plans to increase beverage vending machines to 4,000 by FY25, targetting HORECA space and the top six metros.
Also read: 12 Exciting OTT Releases Coming Your Way This Weekend
Top 15 Incredibly Beautiful Women from Across the World
Krystyna Pyszkova, Representing The Czech Republic, Crowned Miss World 2024!
Navratri and Nine Forms of Goddess Durga: A Deeper Insight into the Divine Feminine
Navratri 2024: Know the Nine Days of the Divine Festival
Mahindra Thar Roxx Unleashes New Era of Adventure with Cutting-Edge Features
Celebrate India’s Independence Day with these Inspiring Messages and Quotes
Source: Google Google News NSE BSE
News Desk: News Lounge 24×7
Disclaimer: The views and recommendations made above in news headlines are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.
This page lists the most active stocks traded on the Indian Stock Market, sorted by trading volume and price movements for the day. Investors and traders can utilize this list for quick identification of potential potentially lucrative investment opportunities and to keep abreast of the current trends in the market.
Discover more from News Lounge 24x7
Subscribe to get the latest posts sent to your email.