Indian equity markets ended higher for the sixth straight session, not before registering another record high. The S&P BSE Sensex ended 0.3% higher at 47,746 while the NSE Nifty 50 index, came within 3 points of scaling the 14,000 mark before a slight cool-off in the final minutes of trade. The index eventually ended 0.35% higher at 13,981. Here are the stocks to watch in trade today:
Adani Green Energy: Adani Solar Energy Kutchh Two Pvt Ltd has commissioned 100 MWac Solar Power Project at Khirsara, Gujarat, ahead of its scheduled Commercial Operation Date according to its 25-year-long Power Purchase Agreement with the Gujarat Urja Vikas Nigam India. The PPA is priced at Rs 2.44/kWh, as on December 29, 2020. With this commissioning AGEL’s total operational renewable capacity grows to 2,950 MWac demonstrating a CAGR of 55% since March 2016.
IFB Industries: The Board of Directors has approved amalgamation of Trishan Metals, wholly owned subsidiary with IFB Industries. The Scheme of Amalgamation will take effect from April 1, 2021.
Filatex India: The installation of captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra has been successfully completed and commenced commercial operation with effect from December 30, 2020.
FDC: To expand its production capacity by installation of an additional BFS machine at one of the company’s existing plant located in Maharashtra. The estimated cost towards the enhancement of production capacity is around Rs 74 crore at first stage and around Rs 26 crore at later stage. The total production capacity of the said plant is likely to be increased by 30 to 33% after commissioning and completion of aII the Regulatory requirements.
Fortis Healthcare: ICRA has upgraded the long-term rating for Line of Credit of SRL Limited, subsidiary, from A- to A. Further the rating agency has upgraded the long-term rating for Line of Credit of SRL Diagnostics, step down subsidiary, from A- to A.
The Ramco Cements: The company has invested Rs 2.48 crore in the capital of Lynks Logistics by way of subscribing to 2.48 crore shares of Rs 1 each, through their Rights Issue. Consequently, the total shareholding of the company in Lynks Logistics stands at 49.95 crore shares of face value of Rs 1 each constituting 46.87% of its paid up share capital.
Aditya Birla Fashion and Retail: The trading in the partly paid-up equity shares of the company will […]