Share Market: Action will be seen in these stocks including PVR Inox, Hero Moto, Jupiter Wagon, Texrail, prepare now
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Stocks to Watch Today: Amidst the signals from the global market, the Indian stock market may start again with a bullish momentum today. At 7:30 am, GIFT Nifty futures were at 21,420, up 90 points from the last close of Nifty futures. The Dow and S&P 500 rose 0.43 percent and 0.26 percent, respectively, overnight, while the Nasdaq Composite rose 0.19 percent. There has been a rise in Asian stocks this morning. Hang Seng jumped 2 percent. Japan’s Nikkei has increased by more than 1 percent. Australia’s S&P/ASX 200 and South Korea’s Copasi also rose 1 percent.
PVR-INOXAccording to the report of CNBC-TV18, Plenty Private Group and Multiples Private Group can sell 2.33 percent stake in the company through a block deal today.
SB I:The bank has executed transaction documents to acquire 6.35 per cent stake in Canpack Trends, which is in the business of paper packing solutions.
Adani Enterprises: Israel-based Elbit Systems acquired 44 percent stake in the company’s step-down arm Atharva Advanced Systems & Technologies. Its stake in Atharva has come down to 56 percent.
Hero MotoCorp: Will buy additional 3 percent stake in Ather Energy for Rs 140 crore. Vivek Anand of DLF has also been appointed as CFO.
texmaco rail engineering: The company has received an order to manufacture and supply 3,400 BOXNS wagons for Rs 1,374 crore.
Vedanta: The board will meet on December 19 to consider issuing NCDs on private placement basis.
coward:The company signed an MoU with Central Institute of Manufacturing Technology for hydrogen value chain development and IIoT solutions for predictive maintenance of machines and manufacturing processes.
Exide Industries: The company invested Rs 100 crore in its unit Exide Energy Solutions. The total investment of the company in this branch is now Rs 1,780 crore.
Jupiter Wagons: The company received an order worth Rs 1,617 crore from the Railway Ministry for the manufacture and supply of 4000 BOXNS wagons.
Mahindra & Mahindra Finance: The company will enter the life, health and general insurance sectors to diversify its sources of income away from its primary vehicle loan business.
Iyantra Ventures:It has received a staffing service order from chip major Nvidia. The value of the contract is $900,000.
Cochin Shipyard: The company has set January 10 as the record date for the 1:2 stock split.
welspun specialty: The company has received orders totaling Rs 10 crore (including taxes) for the supply of critical applications such as cryogenic and earth storage liquid propellants for space and satellite projects to domestic PSUs.
genus power infra: Its wholly owned subsidiary has received a Letter of Award (LOA) worth Rs 1,026 crore for a project.
Religare Enterprises: RBI has rejected the company’s proposal to buy 87.5 percent stake in Religare Housing Development Finance Corp, a subsidiary of Religare Finvest, and asked it to submit a fresh application.
Infibeam Avenues:The company announced its strategic foray into the capital markets and digital lending software market by acquiring 49 per cent stake in Pyramid Fintech for Rs 25 crore.
magellanic cloud:The company has won the e-monitoring contract for a leading public sector bank. MCloud’s subsidiary iVIS will provide comprehensive e-monitoring services to 2000 ATM sites.
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