By Admin 
Stocks to watch today: The Indian stock market broke its three-day losing streak on Thursday, December 11, after the US Federal Reserve cut interest rates by 25 points. During this period, both Sensex and Nifty registered gains. Sensex rose 427 points to 84,818.13 (up 0.51 percent), while Nifty 50 jumped 141 points to trade at 25,898.55 (up 0.55 percent). Some stocks are going to be in focus during trading today. Let us know why it will be important to keep an eye on these stocks today?
Tata Power
Tata Power stock needs to be closely monitored today as the company has received a letter from REC Ltd for the acquisition of Jejuri Hinjewadi Power Transmission. The company informed that Jejuri Hinjewadi Power Transmission Limited will be developed on build-own-operate-transfer basis to provide transmission services for 35 years. In this project, about 115 km 400 KV double-circuit line will have to be built between Jejuri and Hinjewadi. Besides, 400 KV GIS line bays will also have to be expanded at substations at both the locations.
Infosys
Infosys has completed its share buyback and also announced the sale of 10 crore equity shares through tender offer. In this, Infosys co-founder S.D. His son Shreyas Shibulal also sold 19.92 lakh shares (0.05 per cent stake) in Infosys for Rs 317 crore on December 10-11, reducing his stake in the company to 0.44 per cent. S.D. Bhairavi’s daughter-in-law Madhusudan Shibulal also sold 5.42 lakh shares (0.01 percent stake) for Rs 86.21 crore on December 10, due to which her stake has also reduced to 0.12 percent.
Adani Power
Adani Power is exploring new opportunities for thermal and hydro power projects in South Asian countries. Recently the company has entered into an agreement with Druk Green Power (DGPC) of the Government of Bhutan under a 50:50 joint venture to increase hydro capacity of 500 MW in Bhutan. On Thursday, Adani Power shares closed at Rs 140.85.
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