Stocks to Watch: New Year is being celebrated all over the world. Amidst all this, India is an important country, where stock market trading will take place today. Gift Nifty is giving only red signals but it is the first day of the new year so greenery can be seen in the domestic market. Now talking about individual stocks, due to corporate action, sharp movements may be seen in some stocks. Here we are talking about them. At the end of the first trading day, Sensex closed at 78,139.01 with a fall of 109.12 points or 0.14% and Nifty closed at 23,644.80 with a slip of 0.10 points.
Stocks To Watch: Keep an eye on these stocks
SJVN has signed an MoU with the Government of Bihar for the development of 1,000 MW Hathidah Durgavati Pumped Storage Project and other PSPs.
Sun Pharma has entered into an agreement with Japan’s Jaza Industrial Holdings KK to sell 100% of its shares in JPY in Japanese Yen to Sun Pharma Japan Technical Operations, a step-down subsidiary through Sun Pharma Japan.
Following the demerger of ITC’s hotel business as ITC Hotels from today, January 1, 2025, eight companies – Fortune Park Hotels, Bay Islands Hotels, Landbase India, Welcomhotels (Lanka), Srinivas Resorts, International Travel House, Gujarat Hotels and Maharaja ITC’s entire shares in Heritage Resorts will be transferred to ITCHL from January 1.
Kalpataru Projects International
Kalpataru Projects International has received new orders worth Rs 1011 crore from TND (Transmission and Distribution) and Railway business in the country and now its order inflow has reached Rs 17300 crore in a year.
Piramal Enterprises has invested ₹1,000 crore in its subsidiary Piramal Capital and Housing Finance through a rights issue. However, there has been no change in the company’s shareholding percentage in Piramal Capital.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has sold its NPA and unsecured microfinance institution (MFI) loan portfolio to an asset reconstruction company (ARC) for ₹52 crore. Its outstanding is ₹354.54 crore.
LT Foods has completed the acquisition of 17.5% stake in its organic arm Nature Bio-Foods. The company has bought it from India Agri Business Fund II Limited for ₹110 crore. After the acquisition, Nature Bio-Foods has now become a wholly owned subsidiary.
Newgen Software Technologies
Newgen Software Tech has received a project worth $16.4 crore for Credit Automation Services and a purchase order worth ₹20.9 crore for Newgen Remittance System license cost. Apart from this, its subsidiary Newgen Software Technologies, Singapore has got a project worth S$174 million for Knowledge and Records Management System (KRMS). Another subsidiary, Newgen Software Inc (US), has signed a $180 million scope of work with a banking client for digital account opening, retail loans, ECM and collection upgrades.
IndoStar Capital Finance is selling its commercial vehicle loan book to Asset Care and Reconstruction Enterprise. This includes Stage 3 accounts, whose outstanding amount is ₹174 crore.
TVS Holdings has sold its entire 100% stake in TVS Emerald to VE ES Trading, a promoter group company, for ₹485.85 crore.
The board of Hazur Multi Projects approved the appointment of Francisca Rosario as Chief Financial Officer (CFO) and Radheshyam Laxmanrao Mopalwar as Chairman. The company’s executive director Dinesh Kumar Lakshminarayan Aggarwal and whole-time director Akshay Pawan Kumar Jain have resigned.
Sunil Sapre, executive director of Persistent Systems, has resigned with effect from December 31.
Captain Pipes has approved raising funds of Rs 20.6 crore and issuing 1.25 crore shares to investors on a preferential basis at a price of Rs 16.5 per share.
Vishnu Prakash R Punglia has received a contract worth Rs 7.3 crore from Hisar Builders to construct FOB steel girders at Gamharia, Sini and Rajkharswan (RKSN) stations of Chakradharpur division.
SEBI has advised Kirloskar to disclose the Deed of Family Settlement (DFS) dated September 11, 2009, entered into between the Kirloskar family in their individual capacity. Now the company is considering challenging it.
black deals
Easy Trip Planners promoter Nishant Pitti has offloaded 14.09 per cent of his 14.21 per cent stake in the company at an average price of Rs 15.68 per share. However, Arunben Sanjaykumar Bhatia has bought 0.67 percent stake at an average price of Rs 15.86 per share.
AGS Transact Technologies
Neomile Growth Fund-Series I bought 1.16% stake in AGS Transact at an average price of Rs 65 per share. However, promoter Vineha Enterprises sold 1.18% stake at the same price.
Unimech Aerospace and Manufacturing
VQ Fastercap Fund bought 0.99% stake in Unimech at an average price of Rs 1,387.56 per share.
Bridge India Fund sold 2.15% stake in Gujarat Toolroom at an average price of Rs 16.4 per share.
Today is the ex-date of Surya Roshni’s bonus issue.
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Stock markets around the world will remain closed on January 1, it is India’s responsibility to spread happiness: Sameer Arora