Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Zinka Logistics Solutions (BlackBuck), Eros International Media, Rainbow Denim, and Siel Financial Services will announce their quarterly earnings on December 13.
Stocks To Watch
The Ministry of Defence has signed a contract worth Rs 13,500 crore with the company for the procurement of 12 Su-30MKI aircraft along with associated equipment. These aircraft will be manufactured at the Nasik division of HAL.
The company has secured an order worth Rs 345.58 crore for supplying 1,475 BSVI diesel fuel-type passenger bus chassis to the Tamil Nadu State Transport Corporation. Meanwhile, LLC Ashok Leyland Russia, a step-down subsidiary of the company, has been voluntarily liquidated.
The company has acquired a 26% equity stake in Clean Max Kaze, a subsidiary of Clean Max Enviro Energy Solutions.
The company has received a letter of intent for a transmission project in Karnataka. The quoted price for the project is Rs 107.7 crore per annum.
The company has received a supply of goods and services contract from Solapur Transmission (a project SPV company of Torrent Power) for EPC work for the establishment of a new 400/220KV Solapur substation.
The Reserve Bank of India has approved the appointment of Manish Jain as Executive Director of Yes Bank for a period of 3 years, effective December 11.
The food delivery giant has received an order from the Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, demanding GST of Rs 401.7 crore with interest as applicable, and a penalty of Rs 401.7 crore, for the period from October 29, 2019, to March 31, 2022.
The Board has approved an investment of Rs 33.25 crore in Online PSB Loans, to acquire a 4.08% stake in it. The investment is subject to negotiating the definitive shareholders’ agreements.
The Board has appointed Anish T Mathew as Chief Financial Officer of the company, effective December 13, after R K S Prasad stepped down as Chief Financial Officer of the company, effective December 12. As part of his transition to retirement, scheduled for March 31, 2025, R K S Prasad will continue with the company in an advisory capacity, designated as the Group Financial Advisor.
The Board has approved the company's revised borrowing plan for raising debt up to Rs 6,900 crore for FY25, and approved the issuance of non-convertible AE-Series bonds up to Rs 2,600 crore in one or more tranches through private placement, as part of the borrowing plan for FY25.
The manufacturing operations at the MDF plant of the company’s wholly owned subsidiary Greenply Speciality Panels in Vadodara, Gujarat, have been closed effective December 11 due to the breakdown of machinery. Necessary steps are being taken to resolve the issue, and the facility is likely to resume production in the next few days.
The company has clarified that its thermal plant at Ratnagiri does not have any gas storage facility and is not involved in the recent incident of gas release as reported in the media. The company prioritizes the safety and well-being of employees, the community, and the environment. It adheres to stringent safety protocols and continuously monitors operations to ensure they meet the highest standards.
National Highways Logistics Management (the SPV of National NHAI) has declared the company as the highest bidder and has accepted the company’s proposal for developing, operating, and maintaining wayside amenities on the Hyderabad–Visakhapatnam Expressway in the Khammam–Devarapalle section on a lease basis. The estimated annualized revenue from 4 sites is Rs 300 crore from the fourth year of operations.
The RP-Sanjiv Goenka Group company has announced a partnership with WebID Group, a leading digital identification provider. The partnership will further strengthen their trust and safety offering by enhancing platform security, optimizing the online identity process, and reducing potential fraudulent or malicious actors.
The country’s largest commercial vehicle manufacturer announced a price increase of up to 2% across its trucks and buses portfolio, effective January 2025. The price increase is aimed at offsetting the rise in input costs.
The company has received a 30 million euro loan for the expansion of production capacities in Madhya Pradesh.
The company's subsidiary, Adani Renewable Energy Holding Nine, has incorporated three wholly-owned subsidiary companies: Adani Green Energy Sixty Five, Adani Green Energy Sixty Six, and Adani Green Energy Sixty Seven.
Ravi Sharma has resigned from the post of Chief Financial Officer of the company, effective December 12.
The Board has approved the company’s entry into a joint venture with Zetwerk Manufacturing Businesses to manufacture and sell solar modules and cells, including the development and operation of the manufacturing unit.
The company has launched iMadeASong.com, India’s first AI-powered music generation platform.
The Board has appointed Mohd Rizwan Khan as Vice President (Functional Head - Cane) of the company, effective December 12.
The company, through its subsidiary Estorifi Solutions, has acquired a 50% stake in Walnut AI Pte for $2 million.
Bulk Deals
Ecap Equities sold a 3.4% stake in Nuvama Wealth at a price of Rs 6,854.15 per share, and Edel Finance Company offloaded a 3.74% stake at an average price of Rs 6,941.3 per share, amounting to Rs 1,759.4 crore. However, Kotak Emerging Equity Scheme bought a 0.76% stake in the company at an average price of Rs 6,851 per share, valued at Rs 185.78 crore.
Promoters Dwaram Anitha Reddy and Usha Reddy Chigarapalli exited MTAR by selling their personal shareholding of 4.86%, valued at Rs 247.14 crore.
Smallcap World Fund Inc sold a 3.77% stake in Neuland at an average price of Rs 15,618.16 per share, amounting to Rs 756.6 crore.
Promoter Akshay Sharad Pitti sold a 0.54% stake in the company at an average price of Rs 1,410.01 per share, valued at Rs 28.83 crore.
Capri Global Holdings bought a 0.53% stake in the company at an average price of Rs 254.79 per share, valued at Rs 11.46 crore.
Stock Trades Ex-Date for Rights
Aastamangalam Finance
Stock Trades Ex-Dividend
Ceenik Exports
Stock Trades Ex-Date for Split
Exxaro Tiles
F&O Ban
National Aluminium Company, Granules India, Hindustan Copper, Metropolis Healthcare, PVR INOX, RBL Bank
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