Stock to Watch Today - Rupeedesk Reports - 27.11.2024
Stock to Watch Today - Rupeedesk Reports
Stock to Watch Today - Rupeedesk Reports
Buzzing Stocks : NTPC Green Energy, Siemens, Zee Entertainment, Kotak Bank, Zaggle, Wipro, Dabur in focus on Wednesday.
Wipro : The technology services and consulting company has announced the extension of its work with Marelli, a global leader in automotive solutions, for the continued evolution of IT infrastructure for an additional four years. The project will help reduce the time-to-market for Marelli's products and services.
Devyani International : Sreejit Madhavan Nair has resigned as the CEO of Costa Coffee within the company, effective January 8, 2025. Kamaljit Singh Bedi will assume the role of CEO for Costa Coffee and the airport business. Currently, Kamaljit is responsible for all operations related to institutional business and new business ventures.
Exide Industries : The battery manufacturing company has invested Rs 100 crore in its wholly owned subsidiary Exide Energy Solutions on a rights basis. With this investment, the total investment made by the company in Exide Energy Solutions stands at Rs 3,052.24 crore. However, there is no change in the shareholding percentage of the company in Exide Energy Solutions post the rights issue.
Zaggle Prepaid Ocean Services : The company has entered into an agreement with Mastercard Technology (MasterCard). MasterCard will recommend Zaggle’s SaaS platform, Payment, and Card Products to corporate customers and other ecosystem entities on a referral basis.
UltraTech Cement : The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Composite Scheme of Arrangement between Kesoram Industries and UltraTech Cement. Meanwhile, the board has approved fundraising of Rs 1,000 crore via non-convertible debentures on a private placement basis.
Kotak Mahindra Bank : The Competition Commission of India (CCI) has approved Kotak Mahindra Bank’s proposal to acquire Standard Chartered Bank's unsecured personal loan book. In October, Kotak Bank signed an agreement with Standard Chartered Bank to acquire the loan portfolio.
Adani Enterprises : April Moon Retail, a joint venture company of Adani Airport Holdings, has completed the acquisition of a 74% stake in Cococart Ventures. Cococart Ventures is now a joint venture of Adani Airport Holdings and the company. Adani Airport Holdings is a wholly owned subsidiary of Adani Enterprises.
GE Vernova T&D : Promoter Grid Equipments has decided to exercise the green shoe option for a 2.91% stake in the offer for sale of GE Vernova T&D on November 27. The floor price has been fixed at Rs 1,550 per share. Grid Equipments had announced the sale of up to 8.38% stake in GE Vernova via offer for sale on November 26-27.
NTPC : MAHAGENCO NTPC Green Energy has been incorporated as a 50:50 joint venture company between NTPC Green Energy (a wholly owned subsidiary of NTPC) and Maharashtra State Power Generation Company. The joint venture will develop, operate, and maintain renewable energy parks in Maharashtra.
Patanjali Foods : LIC has increased its shareholding in Patanjali Foods from 4.986% to 5.020% as LIC acquired a 0.034% stake in Patanjali at an average price of Rs 1,764.96 per share via open market transactions.
Agarwal Industrial Corporation : The company has received orders worth Rs 76.5 crore from BPCL and IOC. The orders include the supply of bulk bitumen from Bharat Petroleum Corporation and Indian Oil Corporation.
A B Infrabuild : The company has received a letter of acceptance for a project worth Rs 69.98 crore from Western Railways. The project involves the construction, extension, and rebuilding of FOBs, an elevated deck, skywalk, and other structures between Goregaon and Malad stations in connection with the extension of the harbour line between Goregaon and Borivali stations in Mumbai.
Ola Electric Mobility : The company has announced the launch of its Gig and S1 Z range of scooters in the price range of Rs 39,999 to Rs 64,999 (ex-showroom). It also introduced the PowerPod at Rs 9,999, an inverter that powers homes using Ola’s portable batteries.
Aster DM Healthcare : The company has signed a Share Purchase Agreement to acquire an additional 13% equity shares in Prerana Hospital (Aster Aadhar) in Kolhapur, Maharashtra. Currently, the company holds an 87% stake in Aster Aadhar.
Swiggy : The food delivery giant will announce its September 2024 quarter earnings scorecard on December 3. This will be the first quarterly earnings post-listing.
Mahindra and Mahindra : Mahindra announced the launch of electric origin SUVs, the BE 6e and XEV 9e, starting at a price of Rs 18.9 lakh and Rs 21.9 lakh, respectively. Deliveries are expected to commence towards the end of February or early March 2025.
Multibase India ; The board has appointed Ashish Bhatt as Chief Financial Officer of the company, effective January 1, 2025. Pankaj Holani has been appointed as an Additional Director & Managing Director of the company, effective January 1, 2025. After this appointment, Pankaj Holani will step down as Chief Financial Officer of the company, effective December 31, 2024.
Zee Entertainment Enterprises : The Arbitral Tribunal has rejected the claims filed by Zee and its subsidiary Margo Networks against Railtel Corporation of India. Further, the Arbitral Tribunal has also rejected the counterclaims made by Railtel. Zee and Margo Networks had initiated arbitration proceedings against the wrongful termination of the Content on Demand Agreement by Railtel Corporation on August 22, 2023, and claimed amounts wrongfully forfeited by Railtel, along with costs/damages.
Dabur India : The FMCG company has received an order from the Additional Commissioner, CGST Commissionerate, Chandigarh, confirming a total tax demand of Rs 320.6 crore as IGST, along with interest payable thereon. The Additional Commissioner has dropped the penalty imposed under its earlier intimation. Dabur is reviewing the order and evaluating the next steps available under the applicable laws. The said order will have no impact on its operations or other activities. The financial impact will be limited to the extent of the final tax liability as may be ascertained, along with interest, if any.
Aptus Value Housing Finance India : Westbridge Crossover Fund LLC sold a 0.66% stake in the housing finance company at an average price of Rs 320.39 per share, amounting to Rs 105.4 crore.
Niyogin Fintech : Think India Opportunities Master Fund LP sold a 0.7% stake in the company to Morgan Stanley Asia (Singapore) Pte at an average price of Rs 55.65 per share, valued at Rs 3.73 crore.
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