Several stocks are set to be in focus today, December 27, due to significant developments, including investments, major deals, order wins, and acquisitions. Here’s a summary of the key updates for the trading session:
IndusInd Bank
The private sector lender has sold its microfinance institution (MFI) retail loan pool, valued at Rs 1,573 crore, aiming to optimize its balance sheet and improve liquidity.
Gensol Engineering
The company secured an EPC contract worth Rs 897.47 crore from NTPC Renewable Energy Development for a 225 MW solar PV project in Gujarat, including three years of operation and maintenance.
Power Mech Projects
The company received a Rs 186 crore order from Jaiprakash Power Ventures for operation and maintenance services for a thermal power plant in Madhya Pradesh over a five-year period.
Jubilant FoodWorks
The company signed a Memorandum of Understanding (MoU) with Coca-Cola India for the purchase and marketing of sparkling beverage products and others through authorized bottlers.
NHPC
The loss at the Teesta-V Power Station caused by a flash flood was revised to Rs 1,075.97 crore. The company received partial insurance payments and expects the phased completion of the Subansiri Lower HE project by 2026.
Gujarat Fluorochemicals
The Board approved the sale of a 57 MW captive power plant for Rs 200 crore and investments in its subsidiaries, along with power purchase agreements for additional capacity.
HMA Agro Industries
The company’s Board approved credit facilities amounting to Rs 160 crore, granted by HDFC Bank.
Dixon Technologies
A subsidiary of the company signed an MoU with Cellecor Gadgets for manufacturing refrigerators and related components.
RBL Bank
The bank divested its 8.16% stake in DAM Capital Advisors through an offer-for-sale process, exiting its equity holding in the firm.
Dhani Services
A subsidiary obtained registration for a residential development project in Gurugram and plans to discuss fund-raising options in an upcoming Board meeting.
SKF India
The Board approved the demerger of its industrial business into a new subsidiary, subject to regulatory approvals. This move will create two listed entities with mirror shareholding, separating the industrial and automotive businesses.
Lemon Tree Hotels
The company signed a License Agreement for a new 76-room property in Maharashtra, expected to open in the coming years.
Bulk Deals
- Aarti Pharmalabs: Sunil Singhania’s Abakkus Asset Manager acquired a 1.18% stake, while promoter entities sold a similar stake through block deals.
- EPACK Durable: India Advantage Fund S4-I sold a 0.58% stake in the company.
- One Mobikwik Systems: Peak XV Partners Investment Holdings divested a 1.5% stake.
- SG Mart: Oaklane Capital Management LLP acquired a 1.6% stake.
Mainboard and SME Listings
New listings include companies across the mainboard and SME categories, reflecting market activity in various sectors.
Corporate Actions
Several stocks are trading ex-split, ex-bonus, or ex-rights, including notable names from diverse industries.
This overview provides insight into key developments shaping the market’s landscape, helping investors stay informed.