BEML, HINDALCO, Zomato... - Top Stocks To Watch In Trade Today

Stocks Under Radar: After a strong mid-day downturn on Thursday in Dalal Street, the Indian markets are set for a flat opening in the last trading session of the week. Here’s a quick look at the stocks which are likely to remain in focus today

Stocks To Watch Today

Bharat Earth Movers Limited

BEML has secured an order worth Rs 36.6 billion, boosting its order backlog to Rs 151 billion and increasing the Railway and Metro segment contribution to 60 per cent in the order book.

Zomato

The food delivery and quick commerce major has concluded its Qualified Institutional Placement (QIP), raising Rs 8,500 crore by issuing 33.64 crore equity shares at Rs 252.62 per share. This represents a 5 per cent discount to the floor price of Rs 265.91 per share.

Awfis Space Solution

The stock of the flexible workspace solutions company Awfis Space Solution will remain in focus on Friday after the global brokerage firm Nuvama has raised the target for the stock, seeing a 47 per cent upside from the current market price.

According to the brokerage note, the company’s strong performance in the first half of the current fiscal, efficient expansion plans, and a strong inventor growth an lead the stock to rise up to its target price of Rs 1,013 per equity share.

Hindalco, Vedanta

As per the market data, the spot non-ferrous metal prices (except lead) have strengthened on a three-month, six-month, and YoY basis, amidst a plausible revival of the Chinese economy (China manufacturing PMI rose above 50 after six months), imposition of non-tariff trade barriers by the West against Chinese metal, US Fed rate cuts, and a stronger dollar index.

Due to this, key metal stocks including Hindalco, NAC, Vedanta, and Hindustan Zinc are likely to remain in focus today.