Stocks to Watch: Amid mixed trends from Asian markets, GIFT Nifty is indicating a green start in the domestic market today. The US Federal Reserve has cut the rates and after cutting it by 25 basis points it came down to 3.5-3.75% which is the lowest since the year 2022. Its impact can also be seen on the domestic market today. Also, due to the weekly expiry of Sensex today, sharp fluctuations may be seen in the domestic market. A trading day earlier on Wednesday, December 10, Sensex had closed at 84,391.27 with a fall of 275.01 points or 0.32% and Nifty 50 had closed at 25,758.00 with a slip of 81.65 points or 0.32%. 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
Tata Steel’s board has approved capacity expansion of 4.8 metric tonnes per annum (MTPA) at Neelachal Ispat Nigam (NINL), the first phase of its capacity expansion. The Board has also approved the plan to setup 0.7 metric tonne per annum (MTPA) Hot Rolled Pickling and Galvanizing Line (HRPGL) at the existing Cold Rolling Complex located at Tarapur, Maharashtra. Apart from this, the company’s board also approved acquisition of 50.01% equity stake in Thriveni Pellets (TPPL) from Thriveni Earthmovers (TEMPL) for ₹636 crore.
Lloyds Metal & Energy subsidiary Lloyds Global Resources FZCO (LGRF) has received board approval to acquire 50% equity stake in Nexus Holdco FZCO for up to $55 million. Nexus holds approximately 80-90% equity stakes in Surya Mines SARL and eight other companies formed in the Democratic Republic of Congo, which together own several mining concessions and a copper processing plant. Apart from this, the Board has also approved MoU with Tata Steel regarding raw material mining, logistics, pellets and steelmaking etc.
Adani-Ashoka-Akshay, a joint venture with Adani Road Transport holding 51%, Ashoka Buildcon 26% and Akshay Infra Projects 23%, has received a project worth ₹1,815.79 crore from the BMC for the Mithi River Development and Pollution Control Project.
Starworth Infrastructure and Construction, a subsidiary of Purvankar, has been awarded the turnkey civil construction, finishing, MEP and external development work worth ₹509.52 crore for Varnam Phase 1 of One Bengaluru Luxury Project (OBLP) in Bengaluru Rural district, Karnataka.
Petronet LNG has entered into an agreement with a consortium of SBI and Bank of Baroda for two term loans of ₹6,000-₹6,000 crore. It will be used in financing the petrochemical project located in Dahej, Gujarat.
Adani Enterprises’ rights issue of ₹24,930.30 crore, opened on November 25, was successfully completed.
LIC has received a demand notice from the Deputy Commissioner of State Tax, Mumbai, demanding GST of ₹2,370.34 crore, including interest and penalty, for the financial year 2021-22 to 2023-24.
Svetlana Boldina will step down as Executive Director-Finance and CFO of Nestlé India with effect from January 31, 2026, as she will take up a new role at a Nestlé subsidiary.
Prestige Estates Projects
Prestige Estates Projects’ subsidiaries – Prestige Falcon Realty and Prestige Projects – have acquired partnership stake in Bharatnagar Buildcon LLP for ₹938.75 crore. With this acquisition the company now indirectly holds 66.93% stake in Bharatnagar Buildcon LLP.
Mazagon Dock Shipbuilders
The Brazilian Navy and the Indian Navy have entered into an MoU for exchange of information related to the maintenance of Scorpene class submarines and other military vessels in collaboration with Mazagon Dock Shipbuilders.
Bank of Baroda has received approval from RBI to setup a Section 8 company under the Companies Act for Digital Payments Intelligence Platform.
DCM Shriram has signed an MoU with Bayer Crop Science under which both will jointly explore opportunities to strengthen the agricultural ecosystem of the country.
KEI Industries has started the first phase of commercial production of LT/HT cables at its greenfield facility in Ahmedabad.
Cipla has introduced Urpik (trizepitide) Injection. It is used once a week for obesity and type 2 diabetes. Eurpik is Lilly’s second brand of Tirzepatide in India.
State Bank of India (SBI)
SBI has received approval from the Reserve Bank of India to set up a Section 8 company under the Companies Act for Digital Payments Intelligence Platform.
SBI Life Insurance Company
SBI Life Insurance Company has received an order of the Securities Appellate Tribunal (SAT), in which the appeal of Sahara India Life Insurance Company filed against the order of insurance regulator IRDAI dated June 2, 2023 has been dismissed. SAT has upheld the IRDAI order. IRDAI had ordered to immediately transfer the assets and liabilities of all the policyholders of Sahara India Life Insurance Company to SBI Life Insurance Company.
block deals
Total Energies Renewables Indian Ocean, a subsidiary of global energy company Total Energies, sold 2.86 crore equity shares (1.7% stake) of Adani Green Energy at ₹970 apiece for ₹2,778.09 crore to 17 investors through a block deal. Of this, Quant Mutual Fund, the largest, bought 1.23 crore shares (0.75% stake) for ₹1,200 crore. The remaining Rs 1.62 crore was bought by 16 other investors including BNP Paribas Financial Markets, Edelweiss Mutual Fund, Vanguard Emerging Markets Shares Index Fund, Amity Holdings, Cohesion MK Best Ideas, Visaria Family Trust and Authum Investments for ₹1,578.09 crore.
Today Luxury Time and Western Overseas Study Abroad will have their entry on BSE SME.
Today, you will not be able to take new F&O positions in Bandhan Bank and Samman Capital.
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