Stocks To Watch Today on December 12, 2024: Swiggy, Maruti Suzuki, Tata Power, ACME Solar Holdings & More Can be in Focus

On Thursday, December 12, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to open mutedly amid mixed global market cues. Check out a few stocks that might be in focus during the trading session.

• Reliance Power

Reliance Power‘s subsidiary, Reliance NU Suntech, has secured a major solar energy and battery storage project from SECI. This 930 MW project is the largest of its kind in India.

• Swiggy

Swiggy has launched a premium membership program called ‘One BLCK’, offering exclusive benefits like faster deliveries and on-time guarantees.

• Jubilant FoodWorks and Varun Beverages

Jubilant FoodWorks, the parent company of Domino’s Pizza, is set to increase its competition with Varun Beverages, the bottler for PepsiCo. The company has acquired a 40% stake in Hindustan Coca-Cola Beverages, bringing it into direct competition with the Jaipuria family, which owns Varun Beverages.

• Maruti Suzuki

Maruti Suzuki is expanding its service network significantly, aiming to add 2,760 new touchpoints by FY31. This expansion will increase the total number of service centers to 8,000 across India.

• Greaves Cotton

Greaves Cotton has approved the offer-for-sale of shares in its subsidiary, Greaves Electric Mobility, ahead of the company’s upcoming IPO.

• ACME Solar Holdings

ACME Solar Holdings has secured a 250 MW renewable energy project in an e-reverse auction conducted by NHPC.

• Tata Power

Tata Power’s subsidiary Tata Power Renewable Energy Ltd has partnered with Tivolt Electric Vehicles to expand EV charging infrastructure for commercial vehicles.

• Gland Pharma

Gland Pharma has received US FDA approval for its Phytonadione Injectable Emulsion, a significant milestone for the company.

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.