New Delhi: The BSE Sensex rose 230.02 points to settle at 80,234.08 while the NSE Nifty was up 80.40 points to 24,274.90. The US economy grew at 2.8 per cent during July-September 2024, down from 3 per cent in the year-ago period backed by strong consumer spending as well as a jump in exports, according to data shared by the Commerce Department. Investors may be spooked by the US economy growing at a faster clip than expected despite the US Federal Reserve’s decision to slash the policy rate in 2 cycles.
Here are stocks that are likely to remain in focus on Thursday, November 28, 2024:
Ashoka Buildcon: The company announced the cancellation of bids for an NHAI project in West Bengal since Ashoka Buildcon was the sole bidder.
Godrej Properties: The company launched its qualified institutional placement worth Rs 6,000 crore with an eye on growth funding, according to an exchange filing.
Hyundai Motor India: The company’s South Korean parent ordered a recall of 226,000 SUVs and small cars in the US citing because the rearview camera image glitch.
KEC International: The company received transmission and distribution project orders worth Rs 1,704 crore from the PowerGrid Corp of India for the installation of 765kV transmission lines.
NBCC: The property consultancy company inked a Rs 600 crore agreement with HUDCO for the development of a 10-acre industrial plot in Noida.
Vedanta: Moody’s Ratings upgraded Vedanta parent Vedanta Resources’ corporate family rating citing positive liability management efforts. Moody’s upgraded the company’s rating to B2 from B3 and on the company’s senior unsecured bonds to B3 from Caa1.
Waree Energies; The renewable energy company said it Rs 1,233.47 crore order for the development of a ground-mount solar PV project with a capacity of 2,012.47 MWp DC.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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