Stocks To Watch Today on December 17, 2024: Indus Towers, Vedanta, Religare, and More Can be in Focus

Indian equities are likely to open on a weak note on Tuesday, with GIFT Nifty futures trading 80 points below Nifty50 futures at 24,658. On Monday, the Sensex dropped 384 points to 81,748.57, while Nifty50 slipped 100 points to 24,668.25.

Key Stocks to Watch

• Indus Towers

Indus Towers received a favourable ruling from the tax tribunal on asset depreciation linked to a merger. This decision reduces contingent liabilities by ₹3,500 crore.

• Religare Enterprises

Care Health Insurance, an arm of Religare, received a show cause notice and advisory letter from IRDAI after an inspection conducted in 2021.

• Wipro

Wipro will acquire Applied Value Technologies and its affiliates for $40 million to strengthen its business portfolio.

• Texmaco Rail & Engineering

Texmaco Rail & Engineering secured a new order valued at ₹187 crore, boosting its project pipeline.

• Varun Beverages

Varun Beverages acquired a 39.93% stake in LunarMech, expanding its equity holdings.

• RVNL (Rail Vikas Nigam Limited)

RVNL received an order worth ₹270 crore from Maharashtra Metro Rail Corporation, strengthening its order book.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.