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Stocks to watch: Shares of firms like Wipro, TVS Motor, Adani Ent, HG Infra, Bharat Forge, and others will be in focus on Tuesday’s trade
Stocks To Watch Today.
Stocks to Watch on December 24, 2024: Domestic markets have shown a slight recovery, gaining over half a per cent after recent declines. Today, shares of the following companies will be in focus due to significant developments:
Prestige Estates: Realty developers, including Prestige Group, RC Group, and Valor Estate, are in advanced talks for one of Mumbai’s largest cluster redevelopment projects involving public housing colonies.
TVS Motor: The company has completed the acquisition of an additional 39.11% stake in DriveX, raising its total holding to 87.38%.
Wipro: Wipro has announced the promotion of Ranjita Ghosh as the new Global Chief Marketing Officer, effective February next year.
Symphony: The company signed a second addendum to a loan agreement with its Australia-based subsidiary, Symphony AU Pty Ltd, increasing the loan size from A$ 10 million to A$ 15 million.
Adani Enterprises: Adani Defence Systems and Technologies Ltd (ADSTL) is acquiring an 85.8% stake in Air Works India (Engineering) Pvt Ltd for an enterprise value of Rs 400 crore.
Nava: Nava has approved a stock split, dividing each equity share of Rs 2 face value into two shares of Rs 1 face value.
Aurionpro Solutions: Aurionpro has entered the European market with the acquisition of Fenixys, a financial services technology provider, for €10 million, gaining a 100% stake.
Supreme Facility Management: The company has partnered with Komorebi Tech Solutions Pvt Ltd to enhance bus services in Mumbai, with an estimated Rs 42 crore in business potential.
HG Infra: HG Infra’s subsidiary, H.G. Banaskantha BESS Pvt Ltd, has signed a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam Ltd for a 185 MW/370 MWh project.
Websol Energy Systems: Updates on its 600 MW cell line capacity expansion at the Falta plant, with production expected to begin by July 2026.
Power and Instrumentation: Peaton Electricals has obtained a Siemens license to manufacture switchboards and plans to increase its stake in the company from 15% to 60%.
MIC Electronics: The company has received CCA approval for GPS-based PAPIS (Passenger Information Systems) and LED destination boards for ICF and LHB coaches.
Bharat Forge: Bharat Forge is planning to infuse $64.50 million in its subsidiary Bharat Forge America Inc.
NACDAC Infrastructure IPO (SME) will make its debut on the BSE SME today.
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