Stocks to Watch: Amidst the excitement in most of the Asian markets, Gift Nifty is also indicating a green start in the domestic market today. A trading day earlier, on December 17, the weekly expiry of Nifty, Sensex had closed at 84,679.86 with a slip of 533.50 points or 0.63% and Nifty 50 had closed at 25,860.10 with a fall of 167.20 points or 0.64%. Now if we talk about individual stocks today, due to their special corporate activities, sharp movements may be seen in some stocks. Details about these shares are being given here.
Stocks to Watch: Keep an eye on these stocks
According to the report of CNBC-TV18, promoter Imperial Chemical Industries can sell 9% stake in Akzo Nobel India through a block deal. At a price of ₹ 3150 per share, this block deal could be worth ₹ 1,290.6 crore.
Keynes Semicon, a subsidiary of Keynes Technology India, has announced two strategic partnerships with Japan’s AOI Electronics Co. and Mitsui & Co. to strengthen future semiconductor manufacturing operations in India.
Ahluwalia Contracts (India)
Ahluwalia Contracts has received an order worth ₹888.38 crore from Bihar State Tourism Development Corporation. Under this, the work of construction and overall development of Shri Ram Janmabhoomi Teerth area of Ayodhya in Punauradham, Bihar is included in EPC mode.
Saregama has entered into an investment agreement, a shareholders agreement, a music rights agreement with Bhansali Productions. Under this, it will acquire 9960 compulsorily convertible preference shares of Bhansali Productions for ₹325 crore. The Board has also approved the terms of acquisition of additional equity securities in multiple tranches and conversion of compulsorily convertible preference shares. The company can acquire up to 51% stake in Bhansali Productions by March 2030.
NSE’s subsidiary NSE Academy has partnered with HCLTech for joint certificate program in technology and finance. These courses will be run in India as well as in the Middle East and South Asia.
NBCC has received an order worth ₹332.99 crore for project management consultancy services from IIT Mandi and an order worth ₹12.05 crore for daily annual maintenance works from Kandla SEZ.
Bulk Deals
Ola Electric Mobility founder and promoter Bhavish Aggarwal sold 2.62 crore equity shares of the company (0.59% equity holding) for ₹91.87 crore at a price of ₹34.99 per share. He has sold these shares at the promoter level to fully repay the loan of ₹ 260 crore. This freed up all 3.95% of the company’s pledged shares, which, according to Bhavish Aggarwal, removed an important uncertainty.
Nephrocare Health Services and Park Medi World will be listed on BSE and NSE today, while Unisem Agritech and Shipwaves Online will be listed on BSE SME today.
Today is the ex-date for the buyback of eClarks Services and today is the ex-date for the rights of Krishiwal Foods and the bonus of Silph Tech.
You will not be able to take new F&O positions in Bandhan Bank today.
(This story is currently being expanded)
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