Stocks to Watch: The Nifty 50 registered a marginal gain of 0.28 percent in Tuesday’s session, snapping its seven-session losing streak. However, analysts remain cautious, noting that the rally needs a follow-through to confirm that the worst is over.

Gift Nifty was trading at a premium of around 40 points to the previous close of Nifty futures, indicating a mildly positive start for the Indian stock market index on Thursday.

Here’s a quick look at stocks that are likely to be in focus in today’s trade.

Adani Group Stocks: Gautam Adani has been indicted in New York for his role in an alleged multibillion-dollar bribery and fraud scheme, US prosecutors said on Wednesday.

Wipro: The IT major has collaborated with Lineaje to help enterprises secure open source components in their software applications.

Bharti Airtel: The telecom firm has extended a multi-year, multi-billion deal with Nokia to deploy 4G and 5G equipment in key Indian cities and states.

Under the agreement, Nokia will deploy equipment from its 5G AirScale portfolio, including the latest generation of base stations, baseband units, and massive MIMO radios, all powered by its energy-efficient ReefShark system-on-chip technology. .

PSP Projects: Adani Infra (India) has signed definitive agreements to acquire up to 30.07 per cent stake in PSP Projects from existing promoter Prahalad Bhai S Patel. ₹685.4 crore Adani Infra has also announced an open offer to buy an additional 26 per cent stake in PSP. ₹642.06 per share, for ₹661.8 crores

Tata Power: The company has entered into a strategic partnership with Druk Green Power Corporation, Bhutan’s sole generating utility, to support and develop at least 5,000 MW of clean energy generation capacity in Bhutan.

JSW Steel: The company’s subsidiary, JSW Steel Italy Srl, signed a commercial agreement with Metinvest Adria SpA. According to the agreement, Metinvest is obliged to pay a release fee of EUR 30 million. To JSW Steel Italy Piombino SpA. As all inclusive consideration for the transaction.

UPL: UPL and Alpha Wave Global announced the signing of definitive agreements whereby Alpha Wave Global will invest $350 million to acquire an approximately 12.5% ​​stake in Advanta Enterprises Limited, a subsidiary of UPL.

Also, the company Will pick up ₹3,377.74 crore by way of rights issue of 9,38,25,95 partly paid up shares. ₹360 per rights equity share.

The company will issue shares in the ratio of 1:8, or one equity share for every eight equity shares.

Varun Drinks: The company raised approx ₹7,500 crore through Qualified Institutions Placement (QIP). The Board had approved the allotment of 13,27,43,362 shares at the issue price. ₹565.

Dr. Reddy’s Laboratories: The United States Food and Drug Administration (USFDA) has completed a Good Manufacturing Practices (GMP) inspection at the company’s API manufacturing facility (CTO-2) at Bolram, Hyderabad.

The inspection was conducted from November 13 to 19. The US health regulator issued a Form 483 with seven observations, which the company will address within a given time frame.

Meanwhile, the company said that India Ratings and Research (Ind-Ra) has affirmed the existing rating on its bank facilities on rating measures of “IND AA+/Stable”. The outlook on the long-term rating is “stable”.

Godrej Properties: He has acquired a parcel of about 53 acres of land at Jukka, Kolkata. The company said the proposed project has an estimated development potential of around 1.3 million square feet of salable area comprising mainly residential plot development with an estimated revenue of approx. ₹500 crores

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