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JSW Infrastructure shares are likely to be in focus due to the formation of a sbsidiary. Those of GE Power are expected to trend due to an order received by the company. Shares of JM Financial will be in focus due to a SEBI directive, while those of Amara Raja Energy may buzz because of an acquistion read more
 "GIFT Nifty suggests flat start; Shares of JSW Infra, GE Power, JM Financial, Amara Raja Energy in focus")
Representational Image. PTI.
The GIFT Nifty index, around 8:30 am on Friday, was up 6 points or 0.03 per cent at 23,599.0. It hinted at a flat start for Dalal Street on June 21. The India VIX, an indicator of fear in the stock market, was down 0.37 points or 2.68 per cent at 13.34.
Global cues remained mixed. In the United States, Wall Street stock indices Nasdaq and S&P 500 slipped from all-time highs after shares of Nvidia eked out gains. Trade in Asian stock markets remained weak.
Ahead of the opening bell today, here’s a list of stocks to watch:
JSW Infrastructure: The company formed a wholly-owned subsidiary named JSW Port Logistics Private Limited on June 19, 2024. The company has been formed because JSW Infrastructure is exploring opportunities to expand its presence in logistics infrastructure facilities, warehousing, container freight stations, and related areas.
GE Power: GE Power has secured and order worth Rs 243.46 crore from NTPC GE Power Services Private Ltd (NGSL). The contract involves renovating and modernising LMZ Steam Turbines at Wanakbori Thermal Power Station (TPS).
JM Financial: The Securities and Exchange Board of India (SEBI) has directed JM Financial to refrain from accepting new mandates as a lead manager in public issues of debt securities until March 31, 2025 or until further notice from the market regulator. The restrictions only apply to JM Financial’s role as a lead manager for public issues of debt securities. The company is free to be involved as a lead manager to public issue of equity instruments.
Amara Raja Energy: The company has announced the acquisition of an additional 4.5 per cent stake in the electric vehicle battery maker InoBat for Rs 180 crore. This latest investment brings the company’s total holding to around 9.32 per cent of its equity stake in InoBat AS.
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