The stock market remains abuzz with significant investments, key deals, and corporate actions. Here’s a roundup of stocks to keep an eye on during today’s trading session:
Corporate Developments
Ola Electric Mobility
- Key Update: Chief Marketing Officer Anshul Khandelwal and Chief Technology & Product Officer Suvonil Chatterjee have resigned, effective December 27.
Prestige Estates Projects
- Transaction: Transferred three hospitality undertakings to its subsidiary, Prestige Hospitality Ventures, for ₹313 crore.
IL&FS Engineering
- Order Win: Subcontracting work worth ₹302.82 crore for Bhubaneswar Metro Phase-I from Ceigall India.
Hero MotoCorp
- Partnership Extension: Collaboration with Harley-Davidson to expand the X440 motorcycle line and develop new models.
Aerpace Industries
- Order Win: Secured a ₹97.5 crore order for 50 MWp solar panels.
Coforge
- Merger Approval: Board approved the amalgamation of Cigniti Technologies with Coforge.
PNC Infratech
- NHAI Approval: Transfer of a 100% stake in PNC Chitradurga Highways to Highways Infrastructure Trust.
Fortis Healthcare
- Leadership Update: Appointed Leo Puri as Chairman and Additional Independent Director.
Utkarsh Small Finance Bank
- Asset Sale: Plans to sell ₹355 crore worth of NPAs to an Asset Reconstruction Company.
Reliance Industries
- Acquisition: Purchased Karkinos Healthcare for ₹375 crore to strengthen its oncology platform.
Gujarat Fluorochemicals
- Incident: Temporary disruption at CMS-1 plant in Dahej due to a fatal accident.
Bulk Deals
Star Cement
- Stake Acquisition: UltraTech Cement acquired an 8.3% stake for ₹765.68 crore at an average price of ₹227.7 per share.
Universal Autofoundry
- Insider Activity: Promoters purchased a 4.8% stake, while major investors offloaded their holdings.
Sanathan Textiles
- Institutional Buy: Societe Generale acquired a 0.77% stake at an average price of ₹401.42 per share.
IPO Updates and Listings
Mainboard Listings
- Senores Pharmaceuticals, Ventive Hospitality, Carraro India to debut on December 30.
Concord Enviro Systems
- Key Activity: Morgan Stanley and SBI sold stakes in the company, averaging ₹827.51 and ₹820.59 per share, respectively.
Stock Trades Ex-Bonus
- Banco Products India
Stock Trades Ex-Date for Resolution Plan – Suspension
- SR Industries
This detailed coverage highlights corporate actions and market activities that could influence today’s trading landscape.
