Top Stocks to Watch Today
Lupin
Pharma giant Lupin has strengthened its diabetes care portfolio by acquiring Huminsulin in India from Eli Lilly. Lupin has already been marketing the Huminsulin range, which includes insulin human, through an existing agreement with Lilly India. Huminsulin helps manage blood sugar levels for both type 1 and type 2 diabetes patients, catering to adults and children alike.
Easy Trip Planners
Promoter Nishant Pitti is set to offload up to 14.21% of his stake in Easy Trip Planners via block deals, according to CNBC-TV18. The floor price is Rs 15.6 per share, with the total deal value estimated at Rs 780 crore. As of December 2, 2024, Pitti held a 14.21% stake in the company.
Shriram Properties
Shriram Properties has sold a 3.9-acre land parcel in Chennai to a prominent South Indian healthcare and education group. This strategic move aligns with the company’s focus on residential projects in the mid and mid-premium segments. Proceeds from the sale will support its growth initiatives.
Hindalco Industries
The Ministry of Coal has allocated the Meenakshi coal mine in Odisha to Hindalco Industries, a part of the Aditya Birla Group. The fully explored mine has a peak-rated capacity of 12 million tonnes per annum and geological reserves of 285.23 million tonnes.
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders has secured a Rs 1,990 crore contract from the Defence Ministry. The project involves constructing an Air Independent Propulsion (AIP) plug for DRDO and integrating it into submarines.
ITC
The National Company Law Tribunal (NCLT) in Kolkata has approved ITC’s demerger of its hotels business, effective December 16. ITC Hotels will list on the stock exchange within 60 days, with the record date set for January 6, 2025. ITC Hotels will also receive Rs 1,500 crore from ITC as part of the demerger plan.
Rail Vikas Nigam (RVNL)
RVNL has emerged as the lowest bidder for a Rs 137.16 crore Central Railway project. The project entails designing, supplying, and commissioning a 132/55 KV traction substation in the Bhusaval-Khandwa section.
CESC
CESC’s subsidiary, Noida Power Company, has awarded Purvah Green Power a contract to supply 300 MW of wind-solar hybrid power on a long-term basis. Purvah Green Power is also a CESC subsidiary.
Tanvi Foods (India)
Tanvi Foods has renewed its food facility registration with the USFDA for its new manufacturing unit in Seetharampuram, Andhra Pradesh. This approval covers ready-to-cook frozen snacks and extends the registration validity until December 12, 2026. The move strengthens its position in the stock market within the frozen food sector.
Dhanlaxmi Bank
The Reserve Bank of India (RBI) has approved the appointment of P. Suriaraj as Executive Director of Dhanlaxmi Bank for a three-year term. This decision may positively influence the bank’s stock performance in the financial services domain.
Jubilant Ingrevia
Jubilant Infrastructure, a subsidiary of Jubilant Ingrevia, will acquire a 6.67% equity stake in Forum 1 Aviation from Hero Fincorp and Sunil Kant Munjal. Following this deal, Jubilant Infrastructure will hold a 15.79% stake in the company, which could boost investor confidence in its stock.
Adani Green Energy
CEO Amit Singh will step down on March 31, 2025, to lead the Adani Group’s International Energy Business. Ashish Khanna will take over as CEO of Adani Green Energy effective April 1, 2025. The leadership transition is expected to bring stability to the company’s stock trajectory in the renewable energy sector.
Archean Chemical Industries
R. Raghunathan, CFO of Archean Chemical Industries, will resign on January 20, 2025. Natarajan Ramamurthy will take over as CFO the next day.
Century Enka
Chief Financial Officer KG Ladsaria has resigned, effective December 31, 2024. This resignation might influence the company’s stock sentiment in the short term, depending on how quickly a replacement is found. Investors should monitor stock movements closely.
Bank of India
The bank has increased its marginal cost of fund-based lending rates by 5–10 basis points for select tenures, effective January 1, 2025. The change could affect borrowing rates and impact the bank’s stock performance, especially in the financial stock sector.
Prataap Snacks
A fire at Prataap Snacks’ Jammu facility on December 30 caused significant damage but resulted in no casualties. While operations will continue using third-party units in Hisar and Karnal, the incident may temporarily affect the company’s stock valuation until full production is restored.
Power Grid Corporation of India
Power Grid Corporation has acquired Rajasthan IV 4A Power Transmission for Rs 18.37 crore and sold a 26% residual equity stake in four associate companies to PGInvIT for Rs 506.62 crore.
SBI Life Insurance Company
The company will invest Rs 6.60 crore in Bima Sugam India Federation as approved by its Board.
GMR Airports Infrastructure
GMR Airports has issued a letter of comfort to ICICI Bank for a Rs 100 crore working capital facility for its subsidiary, GMR Nagpur International Airport.
Bulk Deals
AGS Transact Technologies
Neomile Growth Fund – Series I has acquired a 0.94% stake in AGS Transact at Rs 63.75 per share.
Senores Pharmaceuticals
India Equity Fund 1 purchased a 0.67% stake in Senores Pharmaceuticals at Rs 579.89 per share.
Mainboard Listing
Unimech Aerospace and Manufacturing begins trading on the mainboard today, December 31.
Stocks Trading Ex-Date for Rights
Pro Fin Capital Services, Sharanam Infra Project, and Trading trade ex-date for rights today.
This comprehensive roundup keeps you informed about today’s key stock movements and developments!