29 Nov , 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 fundraising, here’s a quick look at which stocks will be in focus in today's trade:
Stocks To Watch
Zomato
The food delivery giant closed its Qualified Institutional Placement (QIP) issue and raised Rs 8,500 crore through the allocation of 33.64 crore equity shares at a price of Rs 252.62 per share, which is at a 5% discount to the floor price of Rs 265.91 per share.
KEI Industries
The company has raised Rs 2,000 crore through the allocation of 52,63,157 equity shares to 104 qualified institutional buyers at an issue price of Rs 3,800 per share, which is at a discount of 2.07% to the floor price of Rs 3,880.54 per share. Some of the investors include ICICI Prudential Mutual Fund, Kotak Mutual Fund, Government Pension Fund Global, and Motilal Oswal Mutual Fund.
Newgen Software Technologies
The company has received a purchase order from the Reserve Bank of India for the implementation and maintenance of the Regulatory Application Management System (RAMS). The value of the purchase order is Rs 32.44 crore.
James Warren Tea
After completing due diligence, the company has signed a Business Transfer Agreement with Rajah Alli Tea & Industries LLP for the sale of Rajah Alli Tea Estate for Rs 19 crore.
Hinduja Global Solutions
The board has approved the provision of a guarantee of CAD 40 million from Hinduja Global Solutions to Metrolinx, a Canadian public sector organization, for executing the contract for digital services and back-office services by HGS Canada Inc., a step-down wholly owned subsidiary of the company.
PC Jeweller
The board has fixed December 16 as the record date for the sub-division or split of equity shares. Under this, 1 equity share with a face value of Rs 10 each will be split into 10 equity shares, each with a face value of Re 1.
Sindu Valley Technologies
The company has received a subcontract worth Rs 38 crore for road construction work from GHV India in Maharashtra, and another subcontract worth Rs 125 crore from GHV-MHK JV in Gujarat.
PCBL
The company has commissioned the second and final phase of its 20,000 MTPA of the 40,000 MTPA specialty chemical capacity at its Mundra plant in Gujarat. With this, the combined manufacturing capacity of the company stands at 7,90,000 MTPA.
Bank of Baroda
The bank has raised Rs 3,500 crore through the issuance of 7.41?sel III Compliant Tier II Bonds Series XXVII.
Reliance Industries
Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of the company, has entered into a stock purchase agreement with Wavetech Helium, Inc., subscribing to a 21% stake in Wavetech for USD 12 million. Wavetech is a helium gas exploration and production company.
PVP Ventures
The company has received board approval for the acquisition of a 52% stake in Biohygea Global, a healthcare venture in Chennai, to expand its fleet in the healthcare sector.
Price Band Revision
The BSE has revised the price band for the following companies to 10%, effective November 29: Jio Financial Services, Life Insurance Corporation of India, Macrotech Developers, JSW Energy, Kalyan Jewellers India, Zomato, FSN E-Commerce Ventures, Oil India, One 97 Communications, PB Fintech, Angel One, APL Apollo Tubes, Adani Total Gas, Bank of India, Computer Age Management Services, CESC, CG Power and Industrial Solutions, Cyient, Delhivery, Avenue Supermarts, HFCL, Housing & Urban Development Corporation, Indian Bank, IRB Infrastructure Developers, Indian Railway Finance Corporation, Jindal Stainless, KEI Industries, KPIT Technologies, Max Healthcare Institute, NCC, NHPC, Poonawalla Fincorp, Prestige Estates Projects, SJVN, Sona BLW Precision Forgings, Supreme Industries, Tata Elxsi, Tube Investments of India, Varun Beverages, Yes Bank, Union Bank of India, Pix Transmissions, VTM, Indo Cotspin, The Indian Wood Products Company, and White Organic Retail.
Bulk Deals
SPML Infra
Client Rosehill sold a further 1.04% stake in the company at an average price of Rs 207.22 per share, after a 0.91% stake sale in the previous session.
Sudarshan Pharma Industries
Century India Opportunity Fund PC bought a 6.6% stake in the company at an average price of Rs 41.97 per share.
Mercury Trade Links
Eminence Global Fund PCC- Eubilia Capital Partners Fund I and Radiant Global Fund-Class B Participating Shares sold a 2.9% stake in Mercury at an average price of Rs 79.67 per share.
Organic Recycling Systems
Neomile Growth Fund - Series I acquired a 0.72% stake in the company at an average price of Rs 355.2 per share.
Mainboard Listing on November 29
Enviro Infra Engineers
SME Listing on November 29
Lamosaic India
Stocks Trade Ex-Dividend
National Aluminium Company, Career Point, Dynamatic Technologies, Godfrey Phillips, HB Portfolio, Nicco Parks & Resorts, Surya Roshni, Talbros Automotive Components, Taparia Tools, Venus Pipes & Tubes, VRL Logistics
Stock Trades Ex-Date for Rights
Jonjua Overseas, Viceroy Hotels
Stocks Trade Ex-Date for Resolution Plan-Suspension
BKM Industries, Eastern Silk Industries
Stocks Trade Ex-Bonus
Easy Trip Planners, Raghav Productivity Enhancers, Spright Agro
Stock Trades Ex-Date for Split
Vivid Mercantile
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