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Stocks To Watch Today on December 24, 2024: Bharat Forge, Nava, Adani, Aurionpro and More

24 December 20243 mins read by Angel One
Markets eye gains! Key stocks to watch today: Bharat Forge's ₹536.64 crore infusion, Nava's stock split, Adani's ₹400 crore deal, Aurionpro's Europe entry, and TVS stake boost.
Stocks To Watch Today on December 24, 2024: Bharat Forge, Nava, Adani, Aurionpro and More
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Indian markets are likely to be impacted today, as GIFT Nifty futures indicated a 25-point rise to 23,794, higher than Nifty50 futures.

On Monday, the BSE Sensex surged 498 points (+0.64%) to close at 78,540.17, while the Nifty50 gained 165 points (+0.7%) to settle at 23,753.45.

Here are key stocks to keep an eye on for today:

  • Bharat Forge

Bharat Forge approved a capital infusion of $64.50 million (₹536.64 crore) into its US subsidiary, Bharat Forge America Inc.

The board has approved a stock split, dividing each equity share with a ₹2 face value into 2 shares of ₹1 each. Amendments to the Nava Memorandum and Articles of Association were also approved.

  • Adani Enterprises

Adani Enterprises said its wholly owned subsidiary,  Adani Defence Systems and Technologies Ltd, will acquire an 85.8% stake in Air Works India (Engineering) Pvt Ltd for ₹400 crore.

  • Aurionpro Solutions

Aurionpro Solutions has entered the European market by acquiring Fenixys, a financial services tech provider, for €10 million (₹87 crore). The deal grants Aurionpro a 100% stake in Fenixys.

  • TVS Motor

TVS Motor has increased its stake in DriveX by acquiring an additional 39.11%, bringing its total holding to 87.38%.

  • HG Infra

Subsidiary H.G. Banaskantha BESS Pvt Ltd signed a long-term agreement with NTPC Vidyut Vyapar Nigam for a 185 MW/370 MWh battery energy storage project.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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