2025: Stocks to Watch: Key Developments for January 1
As the markets transition into the new year with a blend of volatility and opportunity, here’s a roundup of key stock updates and developments to monitor closely:
SJVN
SJVN has signed a Memorandum of Understanding (MoU) with the Bihar government to develop the 1,000 MW Hathidah Durgawati Pumped Storage Project and other similar initiatives. This strategic step aligns with the company’s vision for renewable energy expansion in 2025 and beyond.
Sun Pharmaceutical Industries
In a noteworthy development for 2025, Sun Pharma has finalized an agreement to sell its 100% stake in Sun Pharma Japan Technical Operations to Zaza Industrial Holdings KK for a symbolic Japanese yen 1. Following this transaction, Sun Pharma Japan Technical Operations will no longer remain a subsidiary of the company.
ITC
Effective January 1, 2025, ITC completes the demerger of its hotel business into ITC Hotels. As part of this transition, ITC will transfer its holdings in eight entities, including Fortune Park Hotels, Bay Islands Hotels, Landbase India, and Srinivasa Resorts, to ITC Hotels. This move marks a significant milestone for the company in 2025.
Kalpataru Projects International
The company has secured new orders worth Rs 1,011 crore, predominantly from its transmission & distribution and railway businesses. With these wins, Kalpataru’s year-to-date (YTD) order inflows now stand at an impressive Rs 17,300 crore, reflecting strong growth potential for 2025 in the EPC sector.
The updates highlight significant developments that will shape market dynamics in 2025. Stay tuned for more insights into the year’s unfolding opportunities and challenges.
Piramal Enterprises
Piramal has infused Rs 1,000 crore into its subsidiary, Piramal Capital & Housing Finance, through a rights issue. The funds will be utilized for operational and corporate purposes, maintaining Piramal Enterprises’ existing ownership percentage in its subsidiary.
Utkarsh Small Finance Bank
In a strategic move to offload bad loans, Utkarsh Small Finance Bank has sold its unsecured stressed microfinance institution (MFI) loans worth Rs 354.54 crore to an Asset Reconstruction Company (ARC) for Rs 52 crore. This reflects the bank’s focus on cleaning up its balance sheet.
LT Foods
LT Foods has completed the acquisition of a 17.5% stake in its organic business arm, Nature Bio-Foods, for Rs 110 crore. With this transaction, Nature Bio-Foods becomes a wholly-owned subsidiary, strengthening LT Foods’ position in the organic foods market.
Newgen Software Technologies
Newgen Software has secured a series of key projects:
- $1.64 million for credit automation services.
- Rs 20.9 crore for a remittance system license.
- SGD 1.74 million for a knowledge and records management system in Singapore.
Additionally, its U.S. subsidiary has finalized a $1.8 million deal for banking-related digital upgrades.
IndoStar Capital Finance
IndoStar has approved the sale of a portion of its commercial vehicle loan book to Assets Care & Reconstruction Enterprise. The sold loans include accounts categorized under Stage 3, with outstanding dues totaling Rs 174 crore.
TVS Holdings
The company has divested its entire 25.54 crore equity shares (100% stake) in its subsidiary TVS Emerald to VEE ESS Trading, a promoter group company, for Rs 485.85 crore.
Hazoor Multi Projects
Hazoor Multi Projects has announced leadership changes:
- Francisca Rosario appointed as Chief Financial Officer.
- Radheshyam Laxmanrao Mopalwar is the new Chairman, replacing Pawankumar Nathmal Mallawat.
The company also saw the resignation of key executives, including Dineshkumar Laxminarayan Agrawal as Executive Director and Akshay Pawan Kumar Jain as Whole-Time Director.
Persistent Systems
Sunil Sapre, Executive Director, has retired, effective December 31, 2024, marking the end of his tenure with Persistent Systems.
Captain Pipes
The company has approved Rs 20.6 crore fundraising, issuing 1.25 crore shares to investors on a preferential basis at Rs 16.5 per share.
Vishnu Prakash R Punglia
The company has bagged a Rs 7.3 crore contract from Hissar Builders to fabricate FOB steel girders for the Chakradharpur division railway stations, including Gamharia, Sini, and Rajkharswan.
Kirloskar Industries
Kirloskar Industries is contesting the Securities and Exchange Board of India (SEBI) directive to disclose the Deed of Family Settlement (DFS) from 2009. The DFS, a subject of ongoing civil litigation, has been challenged by the company, stating it imposes no restrictions or liabilities.
Bulk Deals Highlights
- Easy Trip Planners: Promoter Nishant Pitti sold a 14.09% stake, while Arunaben Sanjaykumar Bhatiya acquired a 0.67% stake at Rs 15.86 per share.
- AGS Transact Technologies: Neomile Growth Fund – Series I bought a 1.16% stake at Rs 65 per share. Promoter Vineha Enterprises sold a 1.18% stake.
- Unimech Aerospace and Manufacturing: VQ Fastercap Fund acquired a 0.99% stake at Rs 1,387.56 per share.
- Gujarat Toolroom: Bridge India Fund offloaded a 2.15% stake at Rs 16.4 per share.
Conclusion
The final trading session of the year saw diverse corporate developments across sectors, from key acquisitions to strategic divestments and leadership changes. Investors are advised to monitor these stocks closely as these updates could set the tone for early 2025 market movements.
