Market Buzz: Adani Stocks, Tata Power, JSW Energy, and More — Key Updates for Today’s Trade

The Indian stock market continued its losing streak, dropping over half a percent yesterday. As trading begins today, these stocks are expected to dominate headlines:

Adani Enterprises & Adani Green

Adani group stocks, including Adani Enterprises and Adani Green, will be closely watched after a sharp 20% drop on Thursday. The sell-off followed news of US charges against Gautam Adani.

Bharti Airtel

Bharti Airtel emerged as the sole winner in revenue market share (RMS) among major telecom players during Q2. The company benefited from industry-wide price hikes and an increase in mobile broadband and postpaid subscribers.

JSW Energy

Sajjan Jindal-led JSW Energy plans to establish a wind turbine blade manufacturing plant in Karnataka for internal use, marking a strategic move into renewable energy infrastructure.

Protean eGov Technologies

NSE Investments, a non-promoter shareholder in Protean eGov Technologies, is set to offload up to 20.31% of its stake in the company.

SJVN

SJVN has inked an MoU with Rajasthan’s energy department to develop renewable energy projects in the state, signaling further green energy growth.

LTIMindtree

LIC has increased its stake in LTIMindtree from 5.033% to 7.034% between March and November 2024, showcasing confidence in the tech company’s growth prospects.

Afcons Infrastructure

Afcons Infrastructure has secured the lowest bid for a Rs 1,274-crore project from the Uttarakhand Project Development and Construction Corporation.

Tata Power

In a major clean energy push, Tata Power signed an MoU with the Asian Development Bank to secure $4.25 billion in financing for renewable energy projects.

What to Watch

These developments are set to drive market sentiment today. Keep an eye on Adani group stocks for further volatility, while Tata Power, JSW Energy, and Bharti Airtel present opportunities in their respective sectors.