Stocks In Action: December 21, 2012

One stock to be keenly watched today is that of the country’s top IT solutions provider, TCS. It has reportedly said that it is looking to tap opportunities in China, Japan, Latin America and Europe. According to TCS, there are significant opportunities in these countries and it aims to capitalize on them. Its CEO and MD, N Chandrasekaran said that spending in Europe is also set to increase in future which will positively impact the revenues of the company.

Shares of GMDC and Nalco may show some good movement on news that the Rs 15000 crore JV between these two companies is set to start construction by April next year. Both the companies have signed a primary and a detailed agreement awaiting a final approval which is expected by mid January.

Shares of Financial Technologies may also rise following news that the proposal to set up a third power exchange in the country has been dropped by interested parties. This means, a limited  competition to the India Energy Exchange (IEX) promoted by Financial Technologies. IEX, currently has a 93% market share in the power exchange market.

Power stocks may also show some gains on the back of news that bidders are quoting higher tariffs to compensate higher input costs including fuel costs. Uttar Pradesh Power Corporation has seen bidders quoting tariffs of Rs 5-6 per unit in their tenders for setting up a new 6000 MW project.

According to reports in the Economic Times, GMR Infrastructure has said that commercial operations of two of its road projects in Hyderabad - Vijayawada and Hungund - Hospet sections, are expected to generate a total revenue of at least Rs 1 crore on a daily basis. With the commencement of these two projects, the Group has now a portfolio of eight operating highways. On the back of this news one may see volatility in the share price of GMR Infra in today's trading session.