MARKETS

Stocks in Focus: Bharat Dynamics, Amber Enterprises, and Others

Stocks in Focus: RailTel Corp, Reliance Industries, and Others - EP
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The GIFT Nifty futures, which are an early indicator of the Nifty50 index stocks, were trading lower by 2 points at 26,332, indicating that the domestic benchmark indices are likely to make a muted start on Tuesday. 

Earlier on Monday, 1 December, the Domestic benchmark indices S&P BSE Sensex traded lower by 64 points or 0.08%, and settled at 85,641, while the Nifty50 traded 0.10% lower or 27 points, closing at 26,175.

Here are some stocks that are likely to remain in focus on 2 December.

Bharat Dynamics: State-owned Bharat Dynamics (BDL) reported that it received new defence orders worth Rs 2,461.62 crore. The orders include anti-tank guided missiles and surface-to-air missiles procured under emergency purchase provisions. The company said these contracts were finalised after its mid-November update.

Amber Enterprises: Amber Enterprises India said its subsidiary, IL JIN Electronics (India), acquired an 80% stake in Shogini Technoarts for about Rs 506 crore. With this acquisition, Shogini has become a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises.

Ambuja Cements: Ambuja Cements, part of the Adani Group, announced that it has fully commissioned the brownfield expansion of its clinker unit in Bhatapara, Chhattisgarh. The additional 4 MTPA capacity lifts the company’s total clinker production capacity to 66 MTPA.

Afcons Infrastructure: Afcons Infrastructure, a Shapoorji Pallonji Group company, announced that it secured new engineering, procurement, and construction (EPC) contracts worth Rs 884 crore in November. These projects fall under its marine and industrial business unit and were awarded across multiple locations.

Bhagyanagar, India: The company has announced acquiring a 100% stake in Topsun Solar Private Limited, making it a wholly owned subsidiary of the company that focuses on the solar energy business. 

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