The SGX Nifty suggests a bearish opening for the NSE Nifty 50 and BSE Sensex due to unfavourable global signals. Here are the stocks to watch on Friday, December 23, 2022.
The SGX Nifty predicts that Indian benchmark indexes will begin in the red. Global cues were negative, and Nifty futures on the Singapore Exchange were trading 0.6% down at 18,065 points. “Going forward, the macro variables and global developments are expected to define the near-term path of the market. As a result, keeping up with domestic and worldwide happenings concerning the covid woes is advised. Meanwhile, for better trading chances, minimise unnecessary risk and focus on stock-specific movement,” stated Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One. Stocks to watch on Friday include Reliance Industries, Lupin, and Landmark Cars.
Stocks to watch on Friday, December 23rd
Reliance Strategic Business Ventures (RSBVL), a fully owned subsidiary of Reliance Industries, has purchased a 23.3% share in Exyn Technologies, a US-based robotics business, for $25 million. In other headlines, the nation’s largest oil company, Indian Oil Corporation (IOC), has chosen Reliance Jio’s managed network services to link a quarter of its fuel pump network. Jio said in a statement Thursday that it will connect 7,200 IOC sites with an SD-WAN managed service solution, zero-touch provisioning, and 24×7 real-time monitoring. Meanwhile, Reliance Jio’s subsidiary, Reliance Projects and Property Management Services (RPPMSL), has finalised the acquisition of a 100% share in Reliance Infratel for around Rs 3,720 crore.
Landmark Cars: The luxury automotive retailer’s stock will begin trading on the bourses on December 23. The IPO’s issue price has been set at Rs 506 per share.
Abans Holdings: On Friday, shares in the financial services subsidiary Abans Group will be listed on the BSE and NSE. The final offer price per share has been set at Rs 270.
GR Infraprojects: The business has got the Authority’s engineer’s completion certificate for the development of an eight-lane access-control motorway carriageway in Madhya Pradesh. The authority has certified the project ready for commercial operation beginning on November 30, 2022.
The Indian Railway Catering and Tourism Corporation (IRCTC) is proposing to issue up to 40 lakh equity shares in the firm to qualified workers at a price of Rs 680 per equity share. The staff sale will be open from December 23 to December 26.
RailTel Corporation of India has received a work order from Webel Technology to function as a system integrator for capacity improvement at the West Bengal state data centre in Monibhandar, Kolkata. The overall cost of the project is Rs 98.56 crore.