The stock market is abuzz with updates across several companies today. Below are the highlights in the green and red zones:
Maruti Suzuki: November sales saw a minor beat, driven by a strong performance in the SUV segment, up 20% YoY.
Coal India (CIL): Eastern Coalfields’ Rajmahal area coal add-on price revised to ₹700/t.
UltraTech Cement: Increased capacity by 0.6 mtpa at its Chhattisgarh unit via debottlenecking.
TVS Motor: November auto sales surpassed expectations, led by robust exports and EV demand.
Biocon: Secured US FDA approval for Biocon Biologics’ arthritis drug YESINTEK.
Aster DM: Confirmed its merger with Blackstone-backed CARE Hospitals.
Cochin Shipyard: Awarded a ₹1,000 crore contract from the Ministry of Defence.
DLF: Set to sell its Kolkata IT park business to Primarc and RDB Group for ₹637 crore.
RVNL: Emerged as the lowest bidder for a ₹643 crore project from PSPCL.
KEC International: Secured ₹1,040 crore worth of orders for its T&D business in international markets.
KPI Green: Received LoA to establish a 300 MWac solar PV plant in Gujarat for Coal India.
Greaves Cotton: Board approved the IPO of Greaves Electric Mobility via a fresh issue and OFS.
Dixon Technologies: To commence production of Google Pixel devices at Noida.
HG Infra: Declared a qualified bidder for a 300 MW battery energy storage system in Gujarat for GUVN.
Emami Realty: Launched its residential project, Emami Aamod, in New Alipore, with a revenue potential of ₹850 crore.
Phoenix Mills: Sold Janus Logistics to Macrotech for ₹48 crore.
Lemon Tree Hotels: Signed agreements for two new properties in Varanasi and Mussoorie.
Tata Motors: November sales were in line with estimates, with both PV and CV sales flat YoY.
Hero MotoCorp: November wholesales missed estimates, with total sales down 6.4% YoY.
Eicher Motors: Royal Enfield’s November sales met expectations, but CV sales were a drag.
Cipla: Promoters may sell up to 1.72% equity via a block deal at a 6% discount to CMP.
Hyundai India: Exports dragged overall November sales, which fell 21% YoY.
RBL Bank/Bajaj Finance: Mutually decided to halt issuing new co-branded credit cards.
MOIL: Reduced ore prices with manganese content of 44% or above by 3%.
Airlines: Jet fuel price hiked by 1.5% to ₹91,856.84/kL in Delhi.
Home First: Promoters may sell a 14.7% equity stake via blocks, with a floor price at an 8% discount to CMP.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.
