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Stocks in news: Infosys, Fortis Healthcare, Kotak Bank, SBI, Maruti Suzuki
The Economic Times· 2025-12-22 00:41
Market Overview - A stock-specific trading approach is recommended, focusing on sectors with higher strength such as banking, IT, auto, and metals, while being selective in other segments [1][8] - The markets rebounded after a recent decline, with Nifty reclaiming its short-term moving average around the 25,950 level, essential for moving towards the 26,050–26,200 range [8] Company Developments - Infosys ADRs reached a 52-week high of $30, surging 40%, leading to trading halts due to volatility [1][8] - Fortis Healthcare signed agreements for the acquisition of the 125-bedded People Tree Hospital in Yeshwanthpur through a 100% acquisition of TMI Healthcare [8][9] - Piramal Finance is selling its 14.72% stake in Shriram Life Insurance Company to Sanlam Emerging Markets for Rs 600 crore, valuing the insurer at around Rs 4,000 crore, as part of a strategy to exit non-core investments [6][9] - SBI Chairman announced a reassessment of the bank's policy on construction finance for residential real estate, emphasizing accountability and transparency in determining interest rates [5][9] Industry Insights - The share of coal in India's energy mix is projected to decrease to 30-35% by 2047, with current coal production exceeding one billion tonnes in FY25, contributing 72% to total electricity generation [7][9] - NHPC will commence commercial operations of the second unit of the 2,000 MW Subansiri Lower Hydroelectric Project, constructed at a cost of around Rs 27,000 crore [4][9] - Maruti Suzuki plans to enter the domestic electric car market with a "complete solution" for consumers, while Hyundai Motor India is focusing on aspirations, accessibility, and cleaner technology [9]