Last Updated:December 09, 2024, 07:51 IST

Stocks to watch: Shares of firms like Ultratech, Paytm, Tata Power, Delta Corp, Biocon, and others will be in focus on Monday’s trade

Stocks To Watch

Stocks To Watch On December 9: Markets traded in a narrow range on Friday, closing almost flat despite a busy session. Today’s focus will be on companies such as Ultratech, Paytm, L&T, Biocon, Alembic Pharma, and others, following recent news developments.

Tata Power: Tata Power plans to significantly increase its capital expenditure (capex) over the next five years, targeting 2.5 times more than the Rs 50,000 crore spent between 2021 and 2025. The company aims for a capex of Rs 1.25 lakh crore from 2026 to 2030, according to Praveer Sinha, MD and CEO, at their cell and module plant in Tirunelveli, Tamil Nadu.

Godrej Consumer Products: The company has provided its outlook for Q3 of the current fiscal year, highlighting challenges in key business segments due to a tough demand environment and external pressures. In particular, soaps, which account for around a third of its revenue, have been affected by a 20-30% year-on-year increase in palm oil and derivative prices.

Welspun Corp: Welspun Corp has secured two large orders for supplying HSAW-coated pipes for Natural Gas Pipeline Projects in the US. The orders, won by its US plant, have brought the cumulative value of orders received by the unit to over Rs 7,000 crore as of Q3 FY25.

Suven Pharmaceuticals: Suven Pharmaceuticals has entered into agreements to acquire a 56% equity stake in NJ Bio, Inc. for $64.4 million. The deal includes both primary equity infusion and secondary acquisition, with Suven investing $15 million to support NJ Bio’s growth initiatives.

Delta Corp: Delta Corp has revised its previously approved demerger scheme for its hospitality and real estate businesses. The updated plan focuses on optimizing the financial and operational aspects of the Dhargalim project in Goa, a key part of the company’s growth strategy.

Paytm: Paytm’s wholly-owned Singapore entity is set to sell its stake in Japanese fintech company PayPay to SoftBank Vision Fund 2 for Rs 2,364 crore. The transaction, which includes the sale of Stock Acquisition Rights (SARs), is expected to close this month, subject to approvals, and will enhance the parent company’s cash reserves.

Biocon: Biocon has received EIR With VAI Status From US FDA For Its API facility (Site 2), Bengaluru.

Easy Trip Planners: Easy Trip Planners is acquiring a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore, a 50% stake in Jeewani Hospitality in Uttar Pradesh for Rs 100 crore to expand its hotel business, and a 49% stake in Australia’s Planet Education for Rs 39.2 crore, marking its foray into the international education and student services market.

L&T: Larsen & Toubro (L&T) has successfully overturned a Rs 702 crore customs duty demand following a favorable ruling from the Central Excise & Service Tax Appellate Tribunal.

Ultratech: India Cements is responding to a notice from the Competition Commission of India (CCI) regarding the UltraTech Cement deal. The company is confident that it can address any concerns raised by the CCI, as the cement market remains highly competitive.

Star Health: Star Health has received a show-cause notice from IRDAI for non-compliance with various regulations and guidelines.

CEAT: CEAT is acquiring Michelin’s Camso brand Off-Highway Tyres and Tracks business for $225 million.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Last Updated:November 28, 2024, 07:38 IST

Stocks to watch: Shares of firms like Vedanta, Godrej Properties, BoB, HDFC Bank, Biocon, NBCC, and others will be in focus on Thursday’s trade

Stocks To Watch

Stocks to Watch on November 28: Domestic markets remained in a narrow range for the third consecutive session, finishing slightly higher and continuing their consolidation phase. Today, shares of several companies, including Waaree Renewable, Godrej Properties, Vedanta, PCBL, and Natco Pharma, will be in focus due to notable news developments.

Adani Group Stocks: Adani Green Energy stated that three of its top executives — Gautam Adani, Sagar Adani, and Vneet Jaain — are not implicated in the charges filed by US authorities under the Foreign Corrupt Practices Act (FCPA). The Department of Justice (DoJ) indictment, which includes five charges, does not mention the three executives in connection with “Conspiracy to Violate the FCPA” or “Conspiracy to Obstruct Justice.” This follows bribery charges filed by the US SEC last week against Gautam Adani and others related to Adani Green Energy Limited (AGEL) projects.

Public Sector Bank (PSB) Stocks: Public sector banks (PSBs) have received approval from the Finance Ministry to raise Rs 25,200 crore through the equity market in FY 2024-25. The move aims to strengthen PSBs’ growth and meet the regulatory requirement of 25% minimum public shareholding.

Vedanta: Moody’s upgraded the corporate family rating of Vedanta Resources Ltd (VRL) from B3 to B2, citing successful liability management efforts. Additionally, Vedanta Aluminium has teamed up with PwC India to enhance biodiversity conservation and reduce carbon emissions in Jharsuguda, Odisha.

Mahindra & Mahindra: Mahindra & Mahindra has committed Rs 4,500 crore for the development of two new electric vehicle brands, which includes building production capacity.

Godrej Properties: Godrej Properties launched a Qualified Institutional Placement (QIP) offering to raise up to Rs 6,000 crore to support its growth initiatives.

Bank of India (BoI): Bank of India raised Rs 5,000 crore via a 10-year infrastructure bond issuance, offering a coupon rate of 7.41%.

Bank of Baroda (BoB): Bank of Baroda raised Rs 3,500 crore by issuing Basel III-compliant Tier-2 bonds at a coupon rate of 7.41%.

HDFC Bank: HDFC Bank launched the Pragati Savings Account, aimed at meeting the banking needs of rural and semi-urban residents across India.

Biocon: Biocon Biologics, a subsidiary of Biocon, announced progress in its ‘Embedding Specialist Nurses in Diabetes Care’ project in collaboration with Diabetes Africa and St Paul’s Hospital Millennium Medical College in Ethiopia.

Emami Realty: Emami Realty is planning to develop 22 million square feet of residential and commercial spaces over the next seven years, with a revenue potential of Rs 15,000 crore.

KEC International: KEC International secured prestigious turnkey orders worth Rs 1,704 crore in its Transmission & Distribution (T&D) business for the design, supply, and installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL).

Aster DM: Aster DM Healthcare has entered into an agreement to acquire the remaining 13% stake in Aster Aadhar Hospital (formerly Prerana Hospital).

Hero MotoCorp: Hero MotoCorp has launched a program to support startups in the automotive industry.

NBCC: NBCC signed a memorandum of understanding (MoU) with Hudco for a Rs 600 crore project to develop a 10-acre land parcel in Noida.

Waaree Renewable: Waaree Renewable Technologies received a Rs 1,233.5 crore order for a ground-mounted Solar PV project with a capacity of 2012.47 MWp DC.

Natco Pharma: Natco Pharma sold 14.38 acres of land in Ranga Reddy District, Telangana, for Rs 115.57 crore.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.