Last Updated:December 12, 2024, 08:11 IST

Stocks to watch: Shares of firms like Jubilant FoodWorks, Maruti Suzuki, Swiggy, SBI, Vedanta, and others will be in focus on Thursday’s trade

Stocks to watch

Stocks To Watch On December 12: Benchmark equity indices, Sensex and Nifty, ended higher in a subdued trading session on Wednesday. Today, shares of Cipla, PC Jeweller, Shriram Finance, Jubilant FoodWorks, Maruti Suzuki, and others will be in focus due to recent developments.

Jubilant FoodWorks, Varun Beverages: The Jubilant Bhartia Group, the parent company of Jubilant FoodWorks, has entered into an agreement to acquire 40% of Hindustan Coca-Cola Beverages, Coca-Cola’s local bottling unit. This move places them in direct competition with the Jaipuria family, the PepsiCo bottler under Varun Beverages.

Cipla: Cipla announced that it has received approval from the Central Drugs Standard Control Organisation (CDSCO) for the exclusive distribution and marketing of Afrezza, an inhalation human insulin, in India.

PC Jeweller: PC Jeweller will issue 5.2 crore equity shares to consortium lenders at an issue price of Rs 292 per share.

Shriram Finance: Shriram Finance has completed the sale of its entire 84.4% stake in Shriram Housing Finance to Warburg Pincus for Rs 3,929 crore.

Gland Pharma: The pharmaceutical company has received approval from the United States Food and Drug Administration (USFDA) for its Phytonadione Injectable Emulsion USP, 10 mg/mL in single-dose ampules.

Reliance Power: Reliance NU Suntech, a subsidiary of Reliance Power, has secured India’s largest solar energy and battery energy storage system (BESS) project at 930 MW from the Solar Energy Corporation of India (SECI).

Reliance Infrastructure/Axis Bank: The Supreme Court has issued a contempt notice to Reliance Infrastructure’s subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL), its managing director, as well as Axis Bank and its MD, for failing to refund Rs 4,700 crore, including interest, to the Delhi Metro Rail Corporation (DMRC), as per the court’s April 10 directive.

Maruti Suzuki: The automaker plans to expand its service network by adding 2,760 new touchpoints by FY31 (2030-31), increasing the total number of service centres to 8,000 across India, as announced by Managing Director and CEO Hisashi Takeuchi.

Greaves Cotton: The company’s board has approved the offer-for-sale (OFS) of certain equity shares of its subsidiary, Greaves Electric Mobility (GEML), in its proposed initial public offer (IPO).

Tata Power: Tivolt Electric Vehicles, an electric vehicle (EV) venture of Murugappa Group and a subsidiary of TI Clean Mobility, has signed an MoU with Tata Power Renewable Energy (TPREL) to enhance EV charging infrastructure for commercial vehicles.

Swiggy: The food delivery platform has launched ‘One BLCK,’ an exclusive invite-only membership offering premium services. Members will enjoy faster deliveries and an on-time guarantee for food orders.

ACME Solar Holdings: The recently listed company has secured a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC on December 10, 2024, with a tariff of Rs 4.56 per unit.

Shriram Finance: The Shriram Group’s flagship company has completed the sale of its 84.44% stake in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus for Rs 3,929 crore.

SBI: State Bank of India (SBI) Chairman C.S. Setty has called for greater involvement of mutual funds (MFs) and pension funds in the corporate bond market. He emphasized that investing in AAA-rated bonds alone would not help deepen the market. Additionally, SBI has invited counter bids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates Ltd (JAL) via a Swiss challenge auction, initiated by the National Asset Reconstruction Company Ltd. (NARCL).

Emami: The company has been fined Rs 15 lakh by the Central Delhi District Consumer Dispute Redressal Commission for unfair trade practices related to its Fair and Handsome fairness cream.

Godawari Power Ispat: The iron and steel company has entered into an agreement with GAIL (India) for the supply of RLNG gas to its upcoming pellet plant for a period of 7 years.

Vedanta: The board will consider a fourth interim dividend on equity shares for the financial year 2024-25 on December 16.

Ami Organics: The board has approved a capital expenditure of up to Rs 177 crore for its brownfield project focused on electrolyte additives at its Jhagadia facility.

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.