Share Market: Action will be seen in these stocks including Adani Group, Power Grid, Axis Bank, Zee, prepare the list now
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Stocks to Watch: Amidst the strong signals from the global market, the Indian stock market may have a strong start on the second day of the last trading week of the year. At 730 am, Gift Nifty is seen up 50 points at 21,540. Whereas, Happy Forgings, Credo Brands Marketing (Mufti Menswear), RBZ Jewelers, these three stocks are going to debut on the exchanges today. In this, Happy Forgings and Credo Brands Marketing were subscribed about 82 times and 51.9 times, respectively, while RBZ Jewelers received bids up to 16.7 times of the issue size. Meanwhile, there will be enthusiasm in the shares of these companies in the market today.
Adani Energy Solutions: The Adani group company said in an exchange filing today that it has received a letter of intent (LOI) for the acquisition of Halvad Transmission from PFC Consulting Limited (PFCCL). Halvad Transmission, a special purpose vehicle (SPV), has been set up by PFCCL to extract 7 GW of renewable energy (RE) from the Khavra RE Park, under the Phase III Part A package. AESL has won the project through Tariff-Based Competitive Bidding (TBCB) process and will commission the project on BOOM (Build, Own Operate and Maintain) basis in the next 24 months, the release said.
Adani Green: Adani family will invest Rs 9,350 crore in Adani Green Energy by issuing preferential warrants at Rs 1,480.75 per share.
Adani Ports: The board will meet on January 03 to consider the proposal to raise funds by issuing non-convertible debentures.
Tata Motors: SEALS has signed a deal with Uttar Pradesh State Road Transport Corporation (UPSRTC) for supply of 1,350 units of Tata LPO 1,618 diesel bus chassis, which are specially designed for intercity and long distance travel.
Axis Bank, Zee Learn: The lender has filed a petition before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn. The latter said that he was compiling information to verify the facts claimed in the said petition.
Power Grid Corporation: Started commercial operations at its 500 MW wind farm in Tamil Nadu. Additionally, it acquired Weightman Transmission from Power Finance Corporation for Rs 18.20 crore and Koppal-Gadag Transmission SPV in Karnataka for Rs 18.40 crore.
NBFC: According to the Finance Industry Development Council (FIDC), loan approvals by non-banking finance companies in urban areas declined by 5 per cent to Rs 2.09 trillion in the second quarter of FY2024 from Rs 2.2 trillion in the same period of FY2023. Was.
Piramal Enterprises: Invests Rs 289.60 crore in its consumer products arm – Piramal Consumer Products.
SJVN: Won 100 MW solar power project from Gujarat Energy Development Corporation at an estimated cost of Rs 550 crore.
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