Here is a list of the top stocks that will be scrutinised today:
Tata Power: Tata Power has requested that the Maharashtra Electricity Regulatory Commission (MERC) relax the ceiling on fuel-adjustment costs in order to recover the cost of electricity purchased.
M&M, Tata Motors: Competition in the EV industry is expected to heat up, with Ola Electric scheduled to enter the commercial vehicle space with the launch of three and four-wheeled electric small commercial vehicles (eSCVs). Tatas introduced the electric Ace EV, a four-wheel eSCV, earlier in May, and deliveries are anticipated to begin soon.
Spandana Sphoorty Financial: The company’s board of directors will meet on December 21 to evaluate and approve a fund raise through the private placement of debentures.
Specialty Restaurants: The company’s board of directors will meet on December 21 to evaluate and approve proposals for raising capital through the issuance of equity shares or other appropriate convertible securities.
Paisalo Digital: Paisalo Digital’s board of directors will meet on December 22 to discuss and issue Unlisted, Unsecured, Unrated Non-Convertible Debentures via private placement.
Tata Steel: The steel giant demolished two antiquated coke plant buildings at Jamshedpur Works on Sunday, making way for new coke oven batteries with cutting-edge technology and improved efficiency.
Jindal Steel and Power: According to Managing Director Bimlendra Jha, the business expects to spend Rs 7,930 crore under the PLI scheme for specialty steel to develop high-end alloy in India.
Adani Enterprises: The Gautam Adani-led group aims to invest up to Rs 10,700 crore in the expansion of Lucknow airport, increasing its annual passenger handling capacity from 4 million to 39 million.
Ashoka Buildcon: The company’s subsidiaries Ashoka Concessions and Viva Highways have signed into a share purchase agreement with National Investment & Infrastructure Fund and Jaora Nayagaon Toll Road for the sale of 100% of JTCL’s share capital from ACL and VHL to NIIF for Rs 691 crore.
Stocks in F&O ban: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.