Stocks to Watch Today; Va Tech Wabag, Alembic Pharma in Fray

The stock market opened in red, wherein Nifty is currently trading at 24,230.10, down 0.44%, while Sensex is up by 0.49% at 80,292.49.

On the global front, US stocks ended on a lower note on Tuesday where the Dow Jones Industrial Average fell 231.55 points to 43,487.22. While S&P 500 shed 28.68 points to 6,045.40, Nasdaq Composite slipped by 0.48 per cent, to 20,078.88.

Crude oil prices fell after investors took economic data into consideration. Experts believe that the Fed is expected to slash the interest rates by 25 bps.

Here’s a list of stocks to watch out for in today’s trading session

1. Va Tech Wabag

The company informed the exchanges that its order from Saudi Water Authority valued at ₹2,700 crore remains cancelled.

2. Aditya Birla Sun Life AMC

Vikas Gautam, CEO—International Business (Senior Management Personnel) has decided to step down due to personal commitments, the company said. His last working day will be on December 31, 2024.

3. Aditya Birla Real Estate

The company announced that it has acquired a land parcel worth ₹104.3 crore. Spanning across 70.92 acres it is located in Maharashtra's Boisar.

4. Alembic Pharma

In an exchange filing the company said that it has issued corporate guarantees worth $10 million in favour of HSBC Bank, Chile for providing a working capital facility to its subsidiary Alembic Pharmaceuticals SpA.

5. Ambuja Cements

The company is set to merge Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself. It said, “This consolidation will help to streamline the organisation structure and simplify compliance requirements for effective governance.”