Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, auto sales, and fund raising, here’s a quick look at which stocks will be in focus in today's trade:
November Auto Sales
Maruti Suzuki India November sales (YoY)
Total sales grow 10.4% to 1.81 lakh units Vs 1.64 lakh units
Domestic sales up 8.06% at 1.52 lakh units Vs 1.41 lakh units
Domestic passenger vehicle sales increase 5.3% to 1.41 lakh units Vs 1.34 lakh units
Exports grow 24.8% to 28,633 units Vs 22,950 units
Tata Motors November sales (YoY)
Total sales grow 0.8% to 74,753 units Vs 74,172 units
Domestic sales rise 1% to 73,246 units Vs 72,647 units
Commercial vehicle sales down 1% at 27,636 units Vs 28,029 units
Passenger vehicle sales increase 2% to 47,117 units Vs 46,143 units
Hyundai Motor India November sales (YoY)
Total sales down 6.9% at 61,252 units Vs 65,801 units
Domestic sales declines 2.4% to 48,246 units Vs 49,451 units
Exports drop 20.5% to 13,006 units Vs 16,350 units
Eicher Motors November sales (YoY)
Royal Enfield sales grow 2% to 82,257 units Vs 80,251 units
Royal Enfield exports spike 96% to 10,021 units Vs 5,114 units
VECV sales increases 7.3% to 5,574 units Vs 5,194 units
TVS Motor Company November sales (YoY)
Total sales jumps 10.2% to 4.01 lakh units Vs 3.64 lakh units
Two-wheeler sales grow 11.5% to 3.92 lakh units Vs 3.52 lakh units
Electric vehicle sales up 56.7% at 26,292 units Vs 16,782 units
Exports increase 24.7% to 93,755 units Vs 75,203 units
Three-wheeler sales drop 27.6% to 8,777 units Vs 12,128 units
Escorts Kubota November sales (YoY)
Total sales down 9.4% at 8,974 units Vs 9,906 units
Domestic sales drop 8.1% to 8,730 units Vs 9,503 units
Exports plunge 39.5% to 244 units Vs 403 units
Stocks To Watch
Promoters are likely to sell up to 1.72% stake (equivalent to 1.39 crore shares) in Cipla via block deals, reports CNBC-TV18, quoting sources. The block size may be around Rs 2,000 crore, while the offer price is expected to be Rs 1,442 per share.
Home First Finance Company India
Promoters are likely to sell a 14.7% stake in Home First via block deals on Monday, with the block size at Rs 1,267 crore, reports CNBC-TV18, quoting sources. The floor price is expected to be Rs 968 per share. The likely sellers are True North Fund V LLP (Warburg Pincus), Orange Clove Investments B V, and Aether (Mauritius).
The company's subsidiary, Biocon Biologics, has announced that the US Food and Drug Administration (FDA) has approved YESINTEK (Ustekinumab-kfce), a biosimilar to the reference product, Stelara (Ustekinumab). YESINTEK is a monoclonal antibody used for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis.
The company announced a merger with Blackstone-backed CARE Hospitals, creating one of India’s top three hospital chains. Aster DM will acquire 1.9 crore shares of Quality Care India (CARE Hospitals) from Blackstone and Centella at Rs 445.8 apiece by issuing 1.86 crore of its own shares to Quality Care's shareholders at Rs 456.33 per share.
The company has agreed to acquire an additional 7,914 equity shares (comprising 39.11% of paid-up equity) in DriveX Mobility from its existing shareholder for Rs 97.8 crore. After this transaction, its shareholding in DriveX will increase to 87.38%, making DriveX a subsidiary of the company.
The company has signed a contract worth Rs 1,000 crore with the Ministry of Defence for the short refit and dry docking of a large Indian Naval Vessel. The estimated duration for the project is around 5 months.
The RPG Group company has secured new orders worth Rs 1,040 crore in its transmission and distribution business in international markets.
The company's subsidiary, DLF Info City Developers (Kolkata), has entered into a definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (an affiliate of the Primarc & RDB group), on a slump sale basis for Rs 637 crore. Kolkata Tech Park 1 is one of the largest IT parks in eastern India, with a gross leasable area of 1.49 million square feet.
The company announced that the board members of Greaves Electric Mobility have approved the proposal for an IPO of Greaves Electric Mobility. The IPO will consist of both a fresh issue and an offer-for-sale of equity shares by existing shareholders. Meanwhile, the company's subsidiary, Excel Controlinkage, has appointed Neeraj Sharan as its new Executive Director & Chief Executive Officer.
The bank and Bajaj Finance have mutually decided to stop the issuance of new co-branded credit cards under their partnership. This does not materially change the bank’s plans for its credit card business. RBL Bank will continue to service the existing portfolio of approximately 3.4 million co-branded credit cards issued under this partnership.
The company has entered into a supply agreement for Bulk Bitumen - VG30, with Hindustan Petroleum Corporation (HPCL). The initial order period for the agreement is one year, which may be extended for a further period of one year at HPCL's discretion. The total deliverable value is Rs 223 crore.
The company has signed two license agreements for hotel properties in Mussoorie and Varanasi. Both properties will be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. Keys Prima by Lemon Tree Hotels, Mussoorie is expected to open in FY26, while Lemon Tree Hotel, Varanasi is expected to open in FY28.
BPCL has issued a corporate guarantee of USD 309 million in relation to a USD 300 million, 5-year term loan facility proposed to be availed by BPRL International BV, a wholly owned subsidiary of Bharat PetroResources (BPRL), through the State Bank of India. BPRL is a wholly owned subsidiary of BPCL.
Oil and Natural Gas Corporation
The company's subsidiary, ONGC Videsh, has completed the acquisition of a 0.615% participating interest (PI) in the Offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. This also includes the acquisition of 0.737% shares in the Baku-Tbilisi-Ceyhan (BTC) pipeline company through its wholly owned subsidiary ONGC BTC. The total investment for this acquisition is around USD 60 million. This acquisition is in addition to ONGC Videsh’s existing 2.31% PI in the ACG field and 2.36% shareholding in the BTC pipeline.
The company has taken the planned shutdown of the ammonia and urea plants in Goa to replace the catalysts in the primary and secondary reformers, as well as in the LTS converters.
A cybersecurity incident occurred in the company's IT infrastructure when it was targeted by a ransomware attack. The management responded promptly and initiated necessary precautions to mitigate the impact of this incident. The technical team has taken all necessary precautions to retrieve and restore the systems. The company has not found any material impact on its operations due to this incident.
After a complaint filed by Allcheckdeals India (a subsidiary of Info Edge), a first information report (FIR) has been registered by the Bandra Police Station (Mumbai Police) against Rahul Yadav, Devesh Singh, Pratik Choudhary, Sanjay Saini (and unnamed others) in connection with 4B Networks, alleging fraudulent acts involving 4B Networks’ funds. 4B Networks is an indirect subsidiary of Info Edge. There will be no material financial impact or effect on the company’s business operations due to the FIR.
The Joint Commissioner, CGST and Central Excise, Bhopal, imposed penalties of Rs 173.2 crore on L&T for the assessment years 2017-18 to 2021-22. The company does not agree with the tax demands raised and will be filing an appeal against the order seeking tax, interest, and penalties. The company expects a favourable outcome at the appellate forum.
Bulk Deals
CaratLane founders Mithun Padam Sacheti and Siddhartha Sacheti bought a 1.74% stake each in Arihant Foundations at a price of Rs 685 per share from Monet Securities. Mithun Sacheti and Siddhartha Sacheti held a 6.86% stake in Arihant Foundations, while Monet Securities held a 7.35% stake as of November 16.
Rajasthan Gases sold a 13.7% stake in the company to Ravi Omprakash Agrawal at an average price of Rs 24.53 per share.
SME Listing on December 2
Rajesh Power Services
Stock Trades Ex-Bonus
Rajoo Engineers
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