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.
Results Today
Tata Consultancy Services, Tata Elxsi, Indian Renewable Energy Development Agency, GTPL Hathway, Yash Highvoltage, Padam Cotton Yarns, and Vivo Bio Tech will release their quarterly earnings scorecard on January 9.
Stocks to Watch
Borosil Renewables
The company has announced the expansion of its current capacity by 50% in the manufacturing of solar glass, a critical component in the production of photovoltaic solar panels. The expansion plans, which were previously on hold, have been resumed.
Prataap Snacks
The company has received an open offer from Authum Investment & Infrastructure, along with Mahi Madhusudan Kela, to acquire a 26% stake in the company for over Rs 544 crore.
NTPC Green Energy
The company has incorporated a subsidiary as a 74:26 joint venture between NTPC Green Energy Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited. The new subsidiary will develop, operate, and maintain renewable energy parks in Rajasthan and work on developing green hydrogen derivatives.
Hindalco
US-based Novelis Inc., a subsidiary of Hindalco, has announced plans to offer $500 million in senior unsecured notes due 2030 in a private offering.
Page Industries
The company will meet on February 5 to consider the declaration of its third interim dividend for equity shareholders.
PI Industries
The company has received an order from the Commissioner of Customs, JCNH, Nhava Sheva. Following the order, the company will face a differential customs duty of Rs 38 crore along with interest penalties and a redemption fine of up to Rs 43 crore.
Everest Organics
The company will meet on January 15 to discuss the allotment of up to 2,63,157 convertible warrants of Rs 10 each at a price of Rs 152. Additionally, it will consider the allotment of up to 17.1 lakh equity shares of face value Rs 10 each at a price of Rs 152.
Zee Media
The company will meet on January 13 to discuss and consider raising funds in one or more tranches through the issue of equity shares or other instruments.
Celebrity Fashions
The company has approved the issuance of up to 29 lakh equity shares of face value ₹10 each to FPIs and the public category on a preferential basis.
Vrundavan Plantation
The company will meet on January 13 to consider a proposal for the issuance of fully convertible warrants into one equity share each.
Money Boxx
The company has opened a new branch in Bhagalpur.
Bulk deals
Apex Ecotech
Kingsman Wealth Fund PCC Aurisse Special Opportunities Fund sold 68,800 shares of Apex Ecotech Limited at Rs 137.51 per share.
Batronics India
Minerva Ventures Fund sold 17.12 lakh shares of Bartronics India Limited at Rs 24.43 per share.
Jyoti Structures
Follis Advisory LLP sold 55 lakh shares of Jyoti Structures Ltd at Rs 25.12 per share.
SME Listing on January 9Parmeshwar Metal, Davin Sons Retail
F&O Ban
L&T Finance, Bandhan Bank, Hindustan Copper, Manappuram Finance, RBL Bank
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