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Stocks in Focus: Bharat Electronics, KEC International, and Others

Stocks in Focus: Bharat Electronics, KEC International, and Others - EP
Picture Source: Internet

The GIFT Nifty futures, which are an early indicator of the Nifty50 index stocks, were trading lower by 98 points at 26,038, indicating that the domestic benchmark indices are likely to make a negative start on Monday. 

Earlier on Friday, 12 December, the Domestic benchmark indices S&P BSE Sensex traded higher by 450 points or 0.53%, and settled at 85,267, while the Nifty50 traded 0.57% lower or 148 points, closing at 26,046.

Here are some stocks that are likely to remain in focus on 15 December.

Bharat Electronics: The company announced securing additional orders worth Rs 776 crore since 14 November, covering indigenous counter-drone systems, software-defined radios, communication and avionics equipment, weapon and gun control systems, medical electronics, security software, spares, upgrades, and related services.

KEC International: KEC International has won new orders worth Rs 1,150 croreβ€”the highest ever for its India transmission and distribution businessβ€”including high-voltage transmission lines and substation projects, along with an additional civil construction order linked to a thermal power project.

Dr Reddy’s Lab: The USFDA completed a GMP and pre-approval inspection at Dr Reddy’s formulations facility in Srikakulam, Andhra Pradesh, and issued a Form 483 with five observations.

Aurobindo Pharma: The USFDA inspected Apitoria Pharma’s Unit-V API facility in Telangana between December 1 and 12 and issued a Form 483 with three procedural observations.

Afcons Infrastructure: Afcons Infrastructure has received an arbitration award worth Rs 243.52 crore related to its work on the Chenab railway bridge project. The company expects the award to strengthen its financial position once implemented.

NLC India: NLC India has secured a Letter of Acceptance from the National Capital Region Transport Corporation to set up a 110 MW (AC) grid-connected solar PV project in Uttar Pradesh under captive mode. Its subsidiary, NLC India Renewables, has also entered into a joint venture agreement with PTC India to form a green energy venture.

Ashoka Buildcon: Ashoka–Aakshaya Joint Venture, with Ashoka Buildcon holding a 51% stake, has won a Letter of Acceptance-cum-work order worth Rs 1,041.44 crore from the Brihanmumbai Municipal Corporation. The project involves constructing a flyover linking the J J Bridge and the Sitaram Selam Bridge at the J J Road–Saboo Siddik Polytechnic Road junction.

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