Overnight Digest: Stocks to be watched out for on December 9

Top blue-chip gainers include Axis Bank, IndusInd Bank, L&T Eicher Motors, Hindalco and ONGC. 

On Thursday, Indian equity markets saw positive developments. Nifty 50 closed the session with decent gains of 0.26 per cent at 18,609.3. Top blue-chip gainers include Axis Bank, IndusInd Bank, L&T Eicher Motors, Hindalco and ONGC. 

Following stocks are likely to be in focus on Friday, December 9, 2022:   

JSW Steel - The Company reported standalone crude steel production for the month of November, 2022 at 16.90 lakh tonnes, a growth of 16 per cent year-on-year on a standalone basis. Also, as part of product sustainability initiatives, the company's roofing sheets portfolio, the Galvalume range and the Galvanised range have been certified for GreenPro - Green Product certification by CII - IGBC. The products in these categories are marketed through subsidiary JSW Steel Coated Products Limited and manufactured at its facilities in Vasind, Kalmeshwar and Tarapur. 

Gujarat Fluorochemicals - The company's promoters (Inox GFL) have raised Rs 720 crore through sale of shares in the company and infuse the proceeds of Rs 623 crore (net of taxes and expenses) in Inox Wind Ltd. In turn, Inox Wind has repaid the advances it took from GFL to set up wind energy capacities. 

Easy Trip Planners - The Company has announced that it is the official travel partner for the inaugural season of the most awaited World Tennis League, which will be taking place from December 19-24, at the Coca Cola Arena in Dubai. As a part of this partnership, EaseMyTrip will be giving their customers a unique opportunity to witness this ground-breaking event, with specially curated packages to Dubai.  

Kalyan Jewellers - The Company has announced plans to expand its retail footprint by over 30 per cent through calendar year 2023. As part of its strategic expansion plans, the company will look to target the launch of 52 showrooms over the next 52 weeks. This expansion will mainly focus on the non-South region, which currently contributes 35 per cent to their India business. This approach is in line with Kalyan Jewellers’ Vision 2025, which targeted revenue contribution from non-South markets of 50 per cent.