🇮🇳 India Daybook ~ Stocks in News
Published: 2025-12-12 09:16 IST | Category: Markets | Author: Abhi
Positive Buzz
- IT Sector Giants (Cognizant, Infosys, TCS, Wipro)
- These four leading Indian IT companies have forged strategic partnerships with Microsoft to accelerate the adoption of agentic AI. They plan to collectively deploy over 200,000 Microsoft Copilot licenses, setting a new benchmark for enterprise-scale AI adoption and redefining workflows for enhanced productivity and innovation.
- BEML
- The public sector unit BEML has rolled out a prototype of its new driverless metro trainset at its Bengaluru facility. This 5RS-DM trainset is part of a contract to supply metro cars for Bengaluru's upcoming Pink and Blue (Airport) lines.
- Jindal Steel & Power (JSPL)
- Naveen Jindal-controlled Jindal Steel & Power announced a significant expansion, tripling its annual capacity for heat-treated plates to seven lakh tonnes.
- Tejas Networks
- The company has secured IP routing equipment purchase contracts for 7 of the 12 BharatNet Phase-III packages awarded so far, positioning itself as the largest supplier in terms of packages won.
- Prestige Estates Projects
- Shares of Prestige Estates Projects Ltd surged after its subsidiaries, Prestige Falcon Realty and Prestige Projects, acquired a partnership interest worth ₹9.4 billion in Bharatnagar Buildcon LLP.
- Ashoka Buildcon
- Ashoka Buildcon's joint venture (JV) Adani-Ashoka-Aakshaya has received a Letter of Acceptance (LoA) for a Brihanmumbai Municipal Corporation (BMC) project valued at ₹18.2 billion. The JV will design, construct, and operate the Mithi River cleanup project (Package III).
- Tata Steel
- The board of Tata Steel approved the acquisition of a 50.01% stake in Odisha-based Thriveni Pellets Pvt Ltd (TPPL) for up to ₹636 crore.
- Analyst "Buy" Recommendations
- Sumeet Bagadia recommended five breakout stocks for today: Yatra Online (target ₹194), Natco Pharma (target ₹980), Sakar Healthcare (target ₹460), Ramco Systems (target ₹700), and Prataap Snacks (target ₹1170).
- Hindustan Zinc was recommended as a "Buy" with a target price of ₹560 and a stop loss of ₹480 by YES Securities, noting a falling trendline breakout and renewed upward momentum.
- Federal Bank was given a "Buy" recommendation by Axis Securities, citing a strong uptrend, all-time high, and favorable RSI.
- PB Fintech also received a "Buy" recommendation from Axis Securities after decisively surpassing a multi-month resistance zone.
Neutral Developments
- Overall Market Outlook
- Indian stock indices Sensex and Nifty 50 are expected to open strongly on Friday, December 12, driven by positive global market cues following the US Federal Reserve's interest rate cut. The Gift Nifty also indicates a robust start for the Indian benchmark index. However, despite the positive sentiment from the Fed's rate cut, some analysts anticipate market consolidation due to continuing foreign fund outflows and limited domestic triggers.
- Sona Selection
- Sona Selection has filed draft papers for an Initial Public Offering (IPO), which will include a fresh issue of up to 1.4 crore shares.
- HCC Unit
- A unit of HCC has completed a corporate guarantee.
- ITC Hotels, Glenmark Pharma
- These stocks are identified as being in focus today due to "various news developments," though specific details regarding these developments were not provided in the available information.
Negative News
- InterGlobe Aviation (IndiGo)
- IndiGo continues to face significant scrutiny over severe operational disruptions, with its CEO, Pieter Elbers, summoned to appear before the Committee of Officers at the Directorate General of Civil Aviation (DGCA) today, December 12, 2025. The airline also faced a 10% reduction in its domestic winter schedule for 2025 across all sectors by the DGCA, following an initial 5% cut. The civil aviation minister has attributed the crisis to "gross mismanagement" by IndiGo.
- Analyst "Avoid" and "Caution" Recommendations
- Dixon Technologies was given an "Avoid" recommendation by YES Securities, noting a sharp 30% correction and significant technical weakness.
- Vodafone Idea received a "Caution" recommendation, as it continues to consolidate within the ₹9-11 range, with this range-bound action expected to persist.
- US-India Trade Deal Concerns
- Analysts have noted that concerns over a pending US-India trade deal could continue to weigh on market sentiment in the coming weeks, despite the near-term boost from the Fed rate cut.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex