The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 350 points at 24,300, indicating that the domestic benchmark indices are likely to make a blockbuster start on Thursday.
Earlier on Wednesday, 4 November, the domestic benchmark indices S&P BSE Sensex soared by 383 points or 0.50%, and settled at 77,301 while the Nifty50 traded 0.63% higher by 149 points, closing at 23,960.
Here are some stocks that are likely to remain in focus on 5 November.
Ravindra Energy: Ravindra Energy’s jointly controlled company, Energy In Motion, has signed a strategic Memorandum of Understanding (MoU) with Sorigin Green Mobility to deploy 500 electric heavy commercial vehicles (e-HCVs) over the next two years.
Adani Power: Adani Power has signed a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited (UPCL) to supply 1,234 MW of ex-bus net thermal power. The agreement is supported by an installed generation capacity of 1,320 MW.
Cupid: Cupid has entered into a long-term exclusive retail agreement with V2 Retail, securing retail space across its network of more than 425 stores, including future stores opened by the retailer across India. The company expects the partnership to generate approximately Rs 400 crore in revenue over the next 12 months.
KSH International: The company’s board has approved the Phase 3 expansion of its specialised magnet winding wire manufacturing capacity. The expansion will increase the company’s total capacity to approximately 72,200 MT by the first quarter of FY2029.
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