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    CNBC-TV18's top stocks to watch out for on December 17

    CNBC-TV18's top stocks to watch out for on December 17

    CNBC-TV18's top stocks to watch out for on December 17
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    By CNBC-TV18  IST (Published)

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    The Indian market is likely to open on a tepid note Thursday following a mixed trend in Asian peers as investors reacted to the latest announcements from the US Federal Reserve. On the expected lines, the US central bank kept benchmark interest rates near zero. At 7:00 am, the SGX Nifty was trading 3.50 points or 0.03 percent lower at 13,682.50, indicating a flat start for the Sensex and Nifty50.

    Workers unload sacks containing sugar from a handcart at a wholesale market in Ahmedabad
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    Sugar stocks | The Union Cabinet has approved Rs 3,500 crore subsidy for sugar farmers and Rs 6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports. (Image: Reuters)

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    Wipro | The company has completed the acquisition of an 83.4 percent equity stake in Encore Theme.

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    Hero MotoCorp | The company has announced a price hike up to Rs 1,500 effective January 1, 2021.

    Larsen and Toubro
    4 / 10

    L&T | The National High Speed Rail Corporation has signed the second contract agreement with the company for the Bullet train project.

    IndusInd Bank
    5 / 10

    IndusInd Bank | Promoters Hinduja Family got one month extension to subscribe to 75 percent warrants of the bank.

    Research house Citi has kept a buy call on Jubilant FoodWorks with a target at Rs 1,655 per share. According to Citi, the company is well placed in attractive Indian food services market. The strategic tweaks in the last 2 years and good execution are the positives, while impact of slow macro seems less of a concern. Valuation looks reasonable. (LTP: Rs 1,562 | Return: 6 percent).
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    Jubilant FoodWorks | The company has launched its Biryani brand, Ekdum.

    Motherson Sumi Systems
    7 / 10

    Motherson Sumi Systems | Fitch Ratings has revised the outlook for its subsidiary Samvardhana Motherson Automotive Systems Group B.V. to Stable from Negative. (Image: Reuters)

    Rupee settles 16 paise lower at 73.87 against US dollar
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    Navin Fluorine | The company’s board approved a capital expenditure of Rs 195 crore for the purpose of setting up a multi-purpose plant.

    stocks, markets
    9 / 10

    Siti Networks | The company’s board has approved the acquisition of 51 percent equity stake in E-Net Entertainment.

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    Aster DM Healthcare | The company through its subsidiary, Aster DM Healthcare FZC, has acquired a company in the Grand Cayman, Cayman Islands - Aster Caribbean Holdings Ltd.

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