MARKETS

Stocks in Focus: RailTel Corp, Reliance Industries, 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 43 points at 26,093, indicating that the domestic benchmark indices are likely to make a muted start on Thursday. 

Earlier on Wednesday, 3 December, the Domestic benchmark indices S&P BSE Sensex traded lower by 31 points or 0.04%, and settled at 85,106, while the Nifty50 traded 0.18% lower or 46 points, closing at 25,986.

Here are some stocks that are likely to remain in focus on 4 December.

RailTel Corporation of India: RailTel Corporation of India secured a Rs 48.78-crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA). The company will design and develop a Regional Information System and establish an Urban Observatory to enhance regional planning and support data-driven governance. The contract is valid until December 2027.

Reliance Industries: Reliance Strategic Business Ventures (RSBVL), a subsidiary of Reliance Industries, announced a partnership with Surrey County Cricket Club under The Hundred’s Oval Invincibles franchise. RSBVL acquired a 49% stake in Oval Invincibles from the England and Wales Cricket Board (ECB) for GBP 60.27 million.

Rail Vikas NIgam: RVNL received a Letter of Acceptance (LOA) worth Rs 145.34 crore from Southern Railway. The contract includes the design, supply, erection, testing, and commissioning of Scott-connected traction substations in the Jolarpettai Junction–Salem Junction section of the Salem division.

Pace Digitek: Pace Digitek announced that its subsidiary, Lineage Power Private Limited, won a Rs 99.71-crore order from Advait Greenergy. The project requires delivering a lithium iron phosphate (LFP) battery energy storage system along with associated equipment.

Mukka Proteins: Mukka Proteins’ joint venture with Hardik Gowda and MS Jathin Infra secured a Rs 474.89-crore work order from Bengaluru Solid Waste Management. The project involves treating and disposing of legacy leachate accumulated at the Mittaganahalli and Kannur landfill sites.

JK Cement: JK Cement commissioned a 3.3 million tonnes per annum (MnTPA) clinker Line–2 at its Panna plant in Bihar. This expansion doubles the plant’s clinker capacity from 3.30 MnTPA to 6.60 MnTPA.

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