CALCULATE YOUR SIP RETURNS

Stocks To Watch Today on December 19, 2024: ITC, BoB, Asian Paints, Lupin and More in Focus

Updated on: Dec 19, 2024, 8:54 AM IST
Stocks to Watch: Focus on ITC's hospitality investments, BoB's bond issuance, Lupin's FDA nod for HIV drugs, Asian Paints' leadership exits, and Brigade's eco-friendly project launch.
Stocks To Watch Today on December 19, 2024: ITC, BoB, Asian Paints, Lupin and More in Focus
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Indian equities are likely to be impacted on December 19 as GIFT Nifty futures trade 245 points below Nifty50 futures at the 23,912 mark.

On Wednesday, Indian markets ended in the red. The BSE Sensex declined by 502 points or 0.62% to close at ₹80,182.20, while the Nifty50 fell 137 points or 0.56% to settle at ₹24,198.85.

Stocks To Watch 

ITC

Ahead of its hotel business demerger in January 2025, ITC increased its stake in Oberoi (EIH) to 16.13% and in Leela (HLV) to 8.11%. The move consolidates ITC’s hospitality holdings under the parent company following a board decision in October 2024.

Bank of Baroda 

State-owned Bank of Baroda has approved raising ₹10,000 crore via long-term bonds. The funds will be used for infrastructure and affordable housing projects and may be issued in multiple tranches based on market conditions during FY25 and beyond.

Asian Paints

Asian Paints announced the resignation of 2 senior executives—Shyam Swamy, VP of Home Improvement and Retail, and Vishu Goel, AVP of Retail Sales and Marketing. The reasons for their immediate departures were not disclosed.

Lupin 

Lupin received US FDA approval for a generic version of HIV drug Descovy. The approval grants Lupin 180 days of shared exclusivity in the US market for its Emtricitabine and Tenofovir Alafenamide tablets.

Brigade 

Bengaluru-based Brigade Enterprises introduced Brigade Citrine, India’s first net-zero residential project. The project features 420 eco-friendly units located in Whitefield with a GDV of ₹500 crore. It aims to save 8,900 tankers of water annually and utilise renewable energy for common areas.

IOL Chemicals 

IOL Chemicals will hold a board meeting on December 27, 2024, to discuss a potential stock split of its ₹10 face value equity shares.

 

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.

Published on: Dec 19, 2024, 8:54 AM IST

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers