Stock Market Alert: Over 10 Hot Picks to Watch on Day One of the Year The stock market closed the year with a slight dip, reflecting cautious sentiment among investors. As the new year begins, the market is poised to react to several factors, including global policies and corporate quarterly results. Here’s a look at key stock-specific developments and hot picks that could witness significant action on the first trading session of the year.
Key Stock Developments
Piramal Enterprises
Piramal Enterprises announced an investment of ₹1,000 crore in its subsidiary, Piramal Capital & Housing Finance, through a rights issue. This strategic move is expected to strengthen its financial services arm.
Kalpataru Projects
The company secured new orders worth ₹1,011 crore in various segments, including transmission and distribution, railways, and business factories. These orders highlight its growing project pipeline.
Sun Pharma
Sun Pharma will divest its 100% stake in its Japanese subsidiary, Sun Pharma Japan Technical, to Zaza Industrial Holdings KK Japan. This move aligns with the company’s strategy to optimize its global operations.
SJVN
SJVN signed an MoU with the Government of Bihar for developing the 1,000 MW Hathidah Durgavati Pumped Storage Project and other PSP projects in the state. This agreement signifies the company’s commitment to renewable energy expansion.
Indo Tech Transformers
The company secured a purchase order for 150 MVA transformers, with a total order value of ₹117.17 crore. Indo Tech will supply 13 transformers to domestic clients under this deal.
PowerGrid
PowerGrid formed a joint venture company, Rajasthan Power Grid Transmission Company, with Rajasthan Rajya Vidyut Prasaran Nigam Limited. The JV aims to develop interstate transmission systems in Rajasthan.
Kalyan Jewellers
ICRA retained its rating on Kalyan Jewellers’ bank facilities while revising its outlook to positive. This development underscores the company’s improving financial profile.
Dynacons Systems
Dynacons Systems received an order worth ₹280 crore from Canara Bank for the supply and maintenance of servers, IT hardware, and software over a five-year period. This contract bolsters its IT service portfolio.
HB Leasing and Finance
HB Leasing and Finance announced a board meeting scheduled for 3rd January 2025 to discuss and potentially approve fund-raising initiatives.
Super Sales India
The company invested in a solar energy-generating firm to procure solar power, emphasizing its focus on sustainable energy practices.
SRU Steels
The company disclosed the resignation of its CFO, Ankit Neema, effective 31st December 2024. He cited other commitments as the reason for stepping down.
Market Outlook
With these stock-specific developments, the market is expected to witness action across multiple sectors, including pharmaceuticals, energy, infrastructure, and finance. Investors should keep a close eye on these stocks as they could deliver significant returns in the new year.
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The information provided here is ai generated and for general information and educational purposes only. It is not intended to be personalized investment advice, nor should it be considered as a solicitation to buy or sell any security or financial product.