Stocks to Watch: The uproar that was created in the market after the aggressive policies of the US Fed came to an end due to the inflation figures. The American market closed with a spectacular rise of one percent on Friday and the Asian market is also green today. There are indications of BSE Sensex and Nifty 50 opening with gains in the domestic market as well due to Gift Nifty. Talking about individual stocks, due to corporate action, sharp movement may be seen in some stocks. All these are being explained here.
Stocks To Watch: Keep an eye on these stocks
Curateq Biologics, a wholly owned subsidiary of Aurobindo Pharma, has received approval from the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) to sell Bevgolva. It is a biosimilar version of Bevacizumab which is used in the treatment of many types of cancer including metastatic colorectal cancer.
Fortis Healthcare has purchased 59.7 lakh equity shares, or 7.6% stake, of its subsidiary Agilus Diagnostics from International Finance Corporation (IFC) for Rs 429.37 crore at a price of ₹ 719.2 per share.
Investors Eight Roads Ventures and F-Prime Capital have together invested ₹120 crore in Laurus Bio, a subsidiary of Laurus Labs. The transaction was completed on 20 December.
The Competition Commission of India (CCI) has approved the acquisition of India Cements. UltraTech will buy 10.13 crore equity shares (32.72% stake) from its promoters and remaining shareholders. Apart from this, it will make an open offer for 8.05 crore equity shares (26 per cent stake) at ₹390 per share.
TeamLease Services has signed a definitive agreement with TSR Darshaw HR Services. Apart from this, the board has also approved purchasing stake in Crystal HR & Securities Solutions. TeamLease will buy 90% stake in TSR Darashaw and 30% stake in Crystal HR & Security. Following the acquisition, TSR Darshaw will become its subsidiary, and Crystal HR will become its associate company.
Tata Consultancy Services (TCS)
Tata Consultancy Services (Africa), a subsidiary of TCS, has entered into an agreement with Isanthoo Sethu Trust to sell 30% of its shares in TCS Africa on Broad-Based Black Economic Empowerment (B-BBEE) norms.
Reliance’s subsidiary Reliance Digital Health has entered into a definitive agreement to acquire 45% equity stake in American healthcare company Health Alliance Group Inc. for $10 million.
Granules India has signed an MoU with the Government of Bihar to set up renewable energy projects in Bihar.
The President and Chief Transformation Officer of Dalmia India has resigned from his post.
Vedanta will not list its base metal business in the stock market now and this will be considered later. There will be no change in the share entitlement ratio for the demerger of the remaining five businesses.
The board of Piramal Enterprises has approved the public issue of non-convertible debentures (NCDs) of up to Rs 2,000 crore with a face value of Rs 1,000 each.
The Board of Renaissance Global has approved the appointment of Darsheel Shah as Managing Director of the company in place of Hitesh Shah for five years from January 1, 2025. The board has also changed the post of Hitesh Shah from Managing Director to Non-Executive Director of the company.
Hindustan Construction Company (HCC)
Hindustan Construction Company (HCC) has sold its stake in Steiner AG (SAG) to Uniresolv SA, a Geneva-based real estate and finance major, as part of a strategy.
The board of AGI Greenpack has approved raising up to ₹1,500 crore through preferential issue, private placement, rights issue, public issue, qualified institutional placement (QIP) or other routes.
The Board of Indian Oil has approved an investment of ₹657.33 crore for the Yarn Project at Bhadrak, Odisha. The project is a half-share joint venture with MCPI.
Bulk Deals
AGS Transact Technologies
Vineha Enterprises has sold 1.2% stake in AGS for Rs 10.57 crore at an average price of ₹70.52 per share.
Protean eGov Technologies
iShares Cybersecurity & Tech ETF has sold 1.11% stake in Proteus EGOV for Rs 90.2 crore at an average price of Rs 1,999.11 per share.
block deals
Ascent Investment Holdings Pte sold 1.02% stake in Amber for Rs 209.86 crore at an average price of Rs 6,075 per share. Whereas Axis Mutual Fund, Goldman Sachs Investments Mauritius, Citigroup Global Markets Mauritius, Tata AIA Life Insurance, ICICI Prudential Life Insurance and Mahindra Manulife Mutual Fund have bought 1.02% stake at the same price.
Fidelity India Fund, Fidelity Funds – India Focus Fund and Dendana Invest Mauritius have sold 1.32% stake in Granules for Rs 190.7 crore at an average price of Rs 596.02 per share. Whereas SBI Life Insurance, Paulomi Ketankumar Doshi, ITI Mutual Fund, Edelweiss Mutual Fund, Bandhan Mutual Fund, Aditya Birla Sun Life Mutual Fund and Kotak Mahindra Life Insurance have bought 1.32% stake at the same price.
Altitude Investment Fund PCC-Cell 1, and Rashi Fincorp have bought 2.7% stake in the company from Kotak Mahindra Mutual Fund for Rs 63.27 crore at an average price of Rs 980.05 per share.
RBL Bank, Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance will not be able to take new F&O positions in SAIL today.
Disclaimer: Moneycontrol is a part of Network18 Group. Network18 is controlled by Independent Media Trust, whose sole beneficiary is Reliance Industries.
Join here for today’s live action in the stock market
Spring has returned in the American market! Heavy buying of shares on inflation data
