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Stocks to Watch Today: DAM Capital, Transrail Lighting, Mamata Machinery, Gensol, Power Mech, SKF India, Aarti Pharmalabs in focus on 27 December

27 Dec , 2024   By : Debdeep Gupta


Stocks to Watch Today: DAM Capital, Transrail Lighting, Mamata Machinery, Gensol, Power Mech, SKF India, Aarti Pharmalabs in focus on 27 December

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:


Stocks To Watch


IndusInd Bank


The private sector lender has announced the sale of its microfinance institution (MFI) retail loan pool, which has an outstanding value of Rs 1,573 crore, reports CNBC-TV18. The bank is offering the entire pool on a 100?sh basis, aiming to optimize its balance sheet and improve liquidity.


Gensol Engineering


97.47 crore from NTPC Renewable Energy Development for 225 MW grid-connected solar PV projects at GSECL Solar Park (Stage-III), Khavda, Gujarat. The project includes three years of operation and maintenance.


Power Mech Projects


The company has secured a Rs 186 crore order from Jaiprakash Power Ventures. Under the order, it will provide field operation and maintenance services for the 2 x 660 MW Jaypee Nigrie Super Thermal Power Plant in Nigrie, Madhya Pradesh, for the next five-year period, starting from January 1, 2025, to December 31, 2029.


Jubilant FoodWorks


The company has entered into a Memorandum of Understanding (MoU) with Coca-Cola India for the purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company’s authorized bottlers. The marketing activities for these products will be undertaken in the usual/ordinary course.


NHPC


The loss of Rs 1,005.1 crore, caused by a flash flood at the Teesta-V Power Station (510 MW) in Sikkim, has been revised to Rs 1,075.97 crore. The company has received Rs 150 crore for material damage loss, while a payment of Rs 250 crore for business interruption loss is in the advanced stage of approval and is likely to be released by the insurer shortly. Furthermore, the company anticipates that three units of 250 MW each of the Subansiri Lower HE project will be completed by May 2025, and the remaining five units (each of 250 MW) will be completed by May 2026, in a phased manner.


Gujarat Fluorochemicals


The Board has approved the slump sale of a 57 MW captive power plant to the company’s subsidiary IGREL Mahidad, for Rs 200 crore. Additionally, the Board has approved an investment of up to Rs 40 crore in the company’s subsidiary IGREL Mahidad, and Rs 200 crore in Flurry Wind Energy in one or more tranches for a 26% stake. The Board has also approved the purchase of up to 107 MW of power from IGREL Mahidad and 350 MW from Flurry Wind Energy at Rs 4 per unit.


EPACK Durable


The Board has approved the sanction of various credit facilities amounting to Rs 160 crore granted by HDFC Bank to HMA Agro.


Dixon Technologies


The company’s subsidiary, Dixon Electro Manufacturing, has signed an MOU with Cellecor Gadgets to manufacture refrigerators and related components for Cellecor.


RBL Bank


The private sector lender participated in the initial public offering (IPO) of DAM Capital Advisors through an offer-for-sale process and divested its 8.16% shareholding in DAM. After this transaction, the bank no longer holds any equity shareholding in DAM Capital. The IPO was open from December 19 to December 23.


Dhani Services


The company’s subsidiary Juventus Estate (as a licensee/landowner) has obtained registration for the development of the residential project “Indiabulls Estate & Club-I” at Sector 104, Gurugram, on the 8-lane Dwarka Expressway, from the Haryana Real Estate Regulatory Authority in Gurugram. Additionally, the Board will meet on December 13 to consider raising funds via the issue of equity through a qualified institution placement or preferential issue.


SKF India


The Board has approved the demerger of the company’s industrial business into SKF India (Industrial), a wholly owned subsidiary of the company, which is subject to the receipt of requisite approvals, including from the National Company Law Tribunal, BSE, National Stock Exchange of India, and the Securities and Exchange Board of India. SKF Industrial will issue 1 equity share for every 1 share held by eligible shareholders of SKF India. SKF Industrial will be listed on BSE and NSE. The said scheme of arrangement will result in the creation of two listed companies with mirror shareholding, with the resulting company housing the industrial business and the company housing the automotive business.


Lemon Tree Hotels


The company has signed a License Agreement for a Lemon Tree Hotel with 76 rooms in Bapane, Maharashtra. The property will be managed by its subsidiary Carnation Hotels and is expected to open in FY26.


Bulk Deals


Aarti Pharmalabs


Ace investor Sunil Singhania’s Abakkus Asset Manager bought a 1.18% stake in the company at an average price of Rs 575.04 per share, valued at Rs 61.52 crore via block deals. However, promoter entities Tulip Family Trust and Orchid Family Trust sold a 1.1% stake (10 lakh shares) in the company at an average price of Rs 575 per share, amounting to Rs 57.5 crore.


EPACK Durable


India Advantage Fund S4-I sold a 0.58% stake in EPACK at an average price of Rs 500.12 per share, amounting to Rs 28.05 crore.


One Mobikwik Systems


Peak XV Partners Investment Holdings III sold a 1.5% stake in Mobikwik at an average price of Rs 679.38 per share, valued at Rs 81.63 crore.


SG Mart


Oaklane Capital Management LLP bought a 1.6% stake in SG Mart at an average price of Rs 370.12 per share, amounting to Rs 66.62 crore.


Mainboard Listing on December 27


DAM Capital Advisors, Transrail Lighting, Mamata Machinery, Sanathan Textiles, Concord Enviro Systems


SME Listing on December 27


Newmalayalam Steel


Stock Trades Ex-Date for Split


Mazagon Dock Shipbuilders


Stocks Trade Ex-Bonus


NMDC, Hardwyn India


Stock Trades Ex-Date for Rights


Dhanlaxmi Bank, Anupam Finserv


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