26 Dec , 2024 By : Debdeep Gupta
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
National Aluminium Company
NALCO has signed a mining lease deed with the District Collector, Angul, for the amalgamated Utkal-D and Utkal-E coal blocks. This move aims to enhance coal production capacity to 4.0 MTPA, boosting fuel security for the captive power plant. The lease deed is valid until April 21, 2051.
Gland Pharma
France's drug regulator, Agence Nationale de Sécurité du Médicament et des Produits de Santé (ANSM), conducted a Good Manufacturing Practices (GMP) inspection of Cenexi’s Fontenay manufacturing facility, a material subsidiary of Gland Pharma, between December 9 and 19. The inspection resulted in 10 observations. Cenexi is committed to working closely with ANSM to address these observations.
Panacea Biotec
The company has received a Letter of Award from UNICEF for the supply of 115 million doses of its bivalent oral polio vaccine (bOPV), valued at $14.95 million (approximately Rs 127 crore), for CY2025.
Ramky Infrastructure
The company has received a Letter of Acceptance from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) for a project worth Rs 215.08 crore. The project involves the manning, operation, and maintenance of STPs and their connecting interception and diversion under HMWSSB jurisdiction for five years.
Apollo Hospitals Enterprise
The company's subsidiary, Apollo Healthco, is acquiring the business operations, software, intellectual property, and all related assets and liabilities of Searchlight Health on a going-concern and slump-sale basis for Rs 67.5 crore.
Ceigall India
The company’s subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway, has executed a Concession Agreement with the National Highways Authority of India for a project worth Rs 981 crore. The project involves the development of a six-lane access-controlled Ludhiana-Bathinda Greenfield highway section of NH-754AD as part of the Ludhiana-Ajmer Economic Corridor under Bharatmala Pariyojna Phase-I (Package-2).
Bharat Forge
The Board has approved the infusion of €39 million by Bharat Forge into its subsidiary, Bharat Forge Global Holding GmbH. The funds will be used to repay debt.
EPACK Durable
The company clarified media reports about China’s Hisense planning to buy a 26% stake in its subsidiary, stating that the business discussions are currently in the preliminary stage.
UltraTech Cement
The company has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire a 26% equity stake in Clean Max Sapphire, a company engaged in renewable energy generation and transmission. The acquisition aims to meet UltraTech’s green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Additionally, UltraTech has completed the acquisition of a 32.72% stake in India Cements, increasing its total shareholding to 55.49%, making India Cements a subsidiary of UltraTech.
Goa Carbon
The company has announced a temporary shutdown of its Goa unit for maintenance work, effective December 25.
Macrotech Developers
The company has received an arbitration award directing its subsidiary, Cowtown Infotech Services, to pay Rs 40 crore (plus interest) to a vendor for a terminated contract. Cowtown Infotech Services plans to challenge the award in an appropriate forum.
Bharat Petroleum Corporation
BPCL has emerged as the lowest bidder for a 150 MW ISTS-connected solar PV power project of NTPC. The project will be developed over two years at an estimated capital outlay of Rs 756.45 crore and is expected to generate annual revenue of approximately Rs 100 crore by producing around 400 million units of clean energy.
Religare Enterprises
The company's subsidiary, Religare Broking, registered as a Depository Participant, has received approval from SEBI for changes in shareholding, control, and management.
Bharat Road Network
The Board has appointed Manisha Chandalia as Chief Financial Officer (CFO) of the company, effective December 24.
Aditya Birla Capital
The company has invested Rs 22.94 crore on a rights basis in Aditya Birla Health Insurance Company. The percentage shareholding has not changed, and Aditya Birla Health Insurance continues to be an associate of Aditya Birla Capital.
Bulk Deals
Snowman Logistics
Promoter Gateway Distriparks purchased nearly a 1% stake in Snowman Logistics at an average price of Rs 75.45 per share.
Kalyani Cast-Tech
Smart Horizon Opportunity Fund bought a 0.68% stake in the company at an average price of Rs 405 per share. However, promoter Visisth Services sold a 2.08% stake at an average Rs 405.83 per share.
Block Deals
Manorama Industries
LIC Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Bank of India Mutual Fund collectively purchased a 3.05% stake in Manorama Industries at an average price of Rs 1,100 per share, valued at Rs 200 crore. The stake was bought from promoters (Shrey Ashish Saraf, Vinita Ashish Saraf, Agastya Saraf) and a public shareholder, Ritu Saraf.
SME Listing on December 26
Identical Brains Studios
Stock Trades Ex-Date for Income Distribution (InvIT)
Intelligent Supply Chain Infrastructure Trust
Stocks Trade Ex-Bonus
Aayush Wellness, Evans Electric
F&O Ban
RBL Bank
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