
The US market Dow touched lifetime highs in yesterday’s trading session, and we are expecting the Nifty to hit an all-time high today. With the global market trading mixed, several companies are in the spotlight with important developments that could impact their stock performance today.
HCLTech has extended its agreement with Xerox to drive innovation through AI and digital engineering. Meanwhile, UltraTech Cement has raised $500 million through sustainability-linked financing. Zydus Cadila has indicated that the competitive impact of Asacol HD has already been factored into its FY25 projections. In another development, Motilal Oswal Funds has acquired an additional 1.91% stake in Coforge through a block deal.
Lemon Tree Hotels has signed an agreement for an 80-room property in Ayodhya, further expanding its portfolio. On the regulatory front, Piramal Enterprises’ arm PCHFL has been held liable for a penalty of ₹466.30 crore under the Income Tax Act. Additionally, Dilip Buildcon has reported that the National Highways Authority of India (NHAI) is liable to pay a ₹16.65 crore arbitral award in a case against the Punjab Public Works Department.
Exicom Tele-Systems plans to avail ₹125 crore from Axis Finance, which will be used for the acquisition of Australian company Tritium. Ceigall has reported a 65.1% increase in EBITDA, with margins improving from 13.4% to 17.5% year-over-year. Medi Assist is set to acquire Paramount TPA for an enterprise value of ₹312 crore, which will enhance its service offerings in the healthcare sector.
Bondada Engineering has secured an order worth ₹576 crore for solar projects, aligning with the growing focus on renewable energy. In the market, Warburg Pincus has sold its entire 11.35% stake in Medplus via a block deal, while SBI Mutual Fund has acquired 4.5 lakh shares in Brainbees Solutions, raising its stake above 5%.
On the downside, Hindustan Unilever (HUL) has received a tax demand order worth ₹962.75 crore. GPT Infraprojects is reportedly looking to raise up to ₹175 crore at an indicative price of ₹174.64 per share. Lastly, AU Small Finance Bank has sold a 1.72% stake in its Fincare business at ₹630 per share through a block deal.
Investors should closely monitor these stocks as they navigate through significant developments that could influence market performance. The updates provide critical insights for making informed investment decisions.