Gift Nifty Up 33 Points | Aeroflex Industries Eyes Aerospace Market | Tata Elxsi Partners Ateme | L&T, Top Buzzing Stocks Today

Thu, 14 Sep Pre-Open

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On Wednesday, Indian share markets reversed the trend as the session progressed and ended higher.

After a day's hiatus, benchmark indices were back in the positive zone as better-than-expected retail inflation data for August boosted sentiment.

At the closing bell on Wednesday, the BSE Sensex stood higher by 246 points (up 0.4%).

Meanwhile, the NSE Nifty closed 76.8 points higher (up 0.4%).

Grasim, Coal Indi and Titan were among the top gainers.

L&T, M&M and Jio Financial on the other hand, were among the top losers.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.2% higher and the BSE Small Cap index is trading higher by 0.9%.

Sectoral indices ended on a mixed, with stocks in the banking sector, energy sector and metal sector are witnessing buying. Meanwhile, stocks in the capital goods sector and IT sector witnessed selling pressure.

Shares of P&G Hygiene and Titan hit their 52-week high on Wednesday.

The rupee was trading at 82.96 against the US$.

Gold prices for the latest contract on MCX were trading marginally lower at Rs 58,608 per 10 grams at the time of Indian market closing hours on Wednesday.

At 7:50 AM today, the Gift Nifty was trading 33 points or 0.2% higher at 20,179 levels.

Indian share markets are headed for a positive opening today following the trend on trend on Gift Nifty.

Speaking of stock markets, Coal India has done well on the bourses lately.

However, can it continue its good run going forward?

Can it give the value conscious investor a good return of 50%-100% over the next 1-2 years?

Can it be the next SJVN, which has more than doubled in the last one year and where most of the gains have come in the last six months.

Rahul Shah, Co-head of research answers all these questions in video below.

Top buzzing stocks today

GMR Power share price will be in focus today.

Shares of GMR Power and Urban Infra were locked in the 10% upper circuit.

This rise comes after the GMR Group received a Letter of Intent (LOA) for a smart metering project worth of Rs 24.7 bn from Dakshinanchal Vidyut Vitran Nigam.

Zydus Lifesciences will also be a top buzzing stock.

The company has received the EIR report from the USFDA for the inspection conducted at the injectables manufacturing facility at Zydus Biotech Park located at Changodar.

The inspection was a cGMP Inspection and had ended with NIL observations.

Aeroflex Industries Eyes Aerospace Market

India's Aeroflex Industries, whose metal hoses are used in utilities, refineries and firefighting equipment, is in talks to enter the aerospace sector, aiming to capitalise on the country's burgeoning space program.

Following the recent success of its lunar mission, India launched its first solar mission, the latest step in its efforts to increase its share of the global satellite launch market by fivefold within the next decade.

The company is in early-stage discussions with the likes of Hindustan Aeronautics, Bharat Heavy Electricals and even the Indian Space Research Organisation (ISRO).

While HAL and BHEL are existing clients, the ongoing talks are a first for specific space-related projects.

The move will help the company, which made a stellar debut on the stock market about two weeks back, diversify its revenue stream.

The stock forms a part of Ashish Kacholia's portfolio. To know his top holdings, check out Ashish Kacholia's Portfolio: Top 5 Stocks.

Tata Elxsi Collaborates with Ateme

Tata Elxsi and Ateme have teamed up to provide a solution for deploying Free Ad-Supported Television (FAST) channels. Their partnership offers a pre-integrated approach to video compression, delivery, and streaming services.

Tata Elxsi's OTT delivery platform, TEPlay, combined with Ateme's NEA Server-Side Ad Insertion (SSAI) solution, is poised to help linear TV providers seamlessly transition from satellite-only services to streaming platforms.

Incorporating FAST services empowers existing SVOD players to broaden their user base and revenue streams.

This partnership is set to accelerate time-to-market for content and service providers launching FAST channels, enhance viewer satisfaction, and amplify return on investment.

The FAST solution is pre-integrated with leading direct and programmatic ad delivery platforms. This facilitates the swift launch of ad-based services, generating new revenue streams.

Tata Elxsi is among the top AI stocks in India. To know in a comparison between the top two AI stocks in India and who could emerge as the clear winner, check out Best Artificial Intelligence Stock: Tata Elxsi or Affle India.

It is also among the beaten-down IT stocks that could potentially stage a comeback. To delve deep, check out the Top 5 IT Stocks that are still Undervalued. Worth a Look?

HPL Electric Partners Wirepas

In a significant development for India's growing smart metering market, HPL Electric and Power, on Wednesday, entered into a strategic partnership with Wirepas Oy.

This exciting collaboration is poised to reshape the landscape of smart metering in India, marking a remarkable milestone in the industry.

The Indian smart metering market, with a staggering 250 million metering points, is on the cusp of exponential growth.

These orders align with state-led schemes like the Revamped Distribution Sector Scheme (RDSS), reflecting HPL's strategic focus on the smart meter sector and its ability to meet growing demand.

With an order book exceeding Rs 20 bn, HPL's commitment to high-volume manufacturing and utility solutions in India is unquestionable.

The strategic partnership between HPL Electric and Power Ltd and Wirepas represents a pivotal moment in the evolution of India's smart metering industry.

After a long time, the smart metering industry is witnessing renewed interest from foreign investors. And most stocks have already shot up in recent months. GMR Power is one of them.

For more, check out Smart Metering Stocks in India: An Overlooked Investment Theme.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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