Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins and fund raising, here’s a quick look at which stocks will be in focus in today's trade:
Stocks To Watch
NSE Investments, the non-promoter shareholder, will be selling up to a 20.31% stake in Protean via an offer-for-sale (OFS) from November 22-25. The OFS includes a base issue size of 10.16% equity and a greenshoe option of 10.16% equity. The floor price for the issue has been fixed at Rs 1,550 per share.
The company has signed a Memorandum of Understanding (MoU) with the Energy Department of the Rajasthan government for the development of renewable energy in the state. SJVN would develop 5 GW of pumped storage projects and 2 GW of floating solar projects in the state.
The company has received a Letter of Acceptance for a project worth Rs 1,274 crore from the Uttarakhand Project Development and Construction Corporation. The project involves civil works, including HM works for the construction of a 130.6-meter high concrete gravity dam and appurtenant works across the River Song at the Song Dam project in Dehradun.
The automobile company will set up two renewable energy plants in Tamil Nadu and has signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy (FPEL). It currently fulfills 63% of its energy requirements using renewable sources and aims to reach 100%. As part of the partnership with FPEL, Hyundai will invest Rs 38 crore towards setting up these renewable energy plants. Hyundai will hold a 26% stake, and FPEL will hold a 74% equity stake in the project.
Life Insurance Corporation of India (LIC) bought a 2.001% stake in LTIMindtree between March 20 and November 11, 2024, via open market transactions, increasing its shareholding in the company from 5.033% to 7.034%.
The Georgia Department of Labor, USA, has imposed a penalty of $3.28 million on the company for the period from Q3CY19 to Q1CY24. The company is in the process of seeking clarifications on the pending tax amounts and the levy of penalties.
The company has signed a Memorandum of Understanding (MoU) with the Asian Development Bank for $4.25 billion to finance key clean energy power projects.
Nippon Life India Asset Management
The company has executed a definitive agreement with One Place Commercials for the purchase of commercial office space in Lower Parel, Mumbai, for Rs 486 crore.
The company has received a work order worth Rs 110 crore from Prestige Mulund Realty for the design, development, supply, fabrication, and installation of facade work, including stone cladding.
The company has been named the ‘Official Digital Partner’ of MoneyGram Haas F1 Team, announcing a multi-year, technology-driven partnership. It will collaborate closely with the MoneyGram Haas F1 Team to develop solutions for enhancing the team's performance on the track and driving operational efficiency off the track.
The company has received a 'No Observation Letter' from the NSE & BSE for the scheme of arrangement between the company and Raymond Realty.
Mainboard Listing on November 22
Zinka Logistics Solutions
SME Listing on November 22
Onyx Biotec
Stocks Trade Ex-Dividend
Amrutanjan Health, Dhruv Consultancy Services, FDC, Mawana Sugars, MSTC, NILE, Orient Technologies, Panama Petrochem, Premco Global, Satia Industries, Steelcast, Veedol Corporation
Stocks Trade Ex-Date for Resolution Plan-Suspension
Autopal Industries, Leel Electricals
Stock Trades Ex-Date for Split
Sudarshan Pharma Industries
F&O Ban
Adani Enterprises, National Aluminium Company, Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper, Indraprastha Gas
Results on November 23
Afcons Infrastructure, BF Utilities, One Global Service Provider
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