Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, appointments and fund raising, here’s a quick look at which stocks will be in focus in today's trade:
Siemens, Ansal Properties & Infrastructure, and Unistar Multimedia will announce their quarterly earnings on November 26.
ACME Solar Holdings Q2 (Consolidated YoY)
Profit plunges 60.4% to Rs 15.3 crore Vs Rs 38.6 crore
Revenue declines 19.7% to Rs 259.6 crore Vs Rs 323.3 crore
Sagility India Q2 (Consolidated YoY)
Profit zooms 235.6% to Rs 117.3 crore Vs Rs 35 crore
Revenue grows 21.1% to Rs 1,325 crore Vs Rs 1,094.1 crore
Stocks To Watch
Promoter Grid Equipments will sell up to an 8.38% stake in GE Vernova via an offer-for-sale, including a base issue of 5.47% equity and a greenshoe option of 2.91% equity. The issue will open for non-retail investors on November 26 and for retail investors on November 27.
Hindustan Unilever (HUL)
The board has given its approval to demerge the ice cream business into an independent listed entity. Shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HUL. The ice cream business will be listed as a separate entity.
The company's subsidiaries—Premier Energies Global Environment, Premier Energies International, and Premier Energies Photovoltaic—have received multiple orders worth Rs 1,087 crore from two large independent power producers (IPP) and one other customer. These orders include Rs 964 crore for solar modules and Rs 123 crore for solar cells. The supply of these modules is scheduled to commence in January 2025.
The infrastructure company has received a letter of award for a road project worth Rs 1,391 crore from NHAI. The project involves the development of a 4-lane economic corridor from Bowaichandi to Guskara-Katwa road section of NH 116A (Package-3) in West Bengal under the Hybrid Annuity Mode.
BHEL has received a notification of award for the Khavda-Nagpur HVDC project from Power Grid Corporation of India. A consortium of BHEL and Hitachi Energy India has been awarded the contract for the establishment of +800, 6000MW high voltage direct current (HVDC) terminal stations at Khavda Pooling Station-2 (HVDC) & Nagpur (HVDC) for the evacuation of renewable power from the Khavda region in Gujarat to Nagpur in Maharashtra.
Power Grid Corporation of India
The company has been declared as the successful bidder to establish an inter-state transmission system in Uttar Pradesh and Rajasthan. The project comprises the establishment of 765/400kV substations in Uttar Pradesh, 765kV & 400kV transmission lines traversing Rajasthan & Uttar Pradesh, along with augmentation and bay extension works at under-construction and existing substations in Rajasthan & Uttar Pradesh.
The technology services and consulting company has appointed Omkar Nisal as the Chief Executive Officer of the Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to CEO and MD Srini Pallia and will also join the Wipro Executive Board. Omkar succeeded Pierre Bruno, who is stepping down.
The company has executed a master agreement with HPCL LNG for a 5-year tenure for regasification services on a spot basis at the Chhara LNG Terminal in Gujarat. HPCL LNG Limited is the owner and operator of LNG receiving and regasification facilities at Chhara, whereas Positron Energy intends to purchase and import LNG into India and has approached HPCL LNG to receive and regasify such LNG at HPCL LNG’s facilities.
Gulf Oil and Piaggio Vehicles (Piaggio India, a 100% subsidiary of the Italian Piaggio Group) have renewed their strategic partnership agreement to extend collaboration in delivering co-branded lubricants across Piaggio's commercial vehicle segment. This exclusive partnership, renewed until 2030, will focus on high-performance, customized lubricant solutions and set the foundation for further growth across retail, factory-fill, and export markets.
The company has received communication from an unknown source who has shared certain data fields of its customers with malicious intent. The company has initiated an information security assessment and data log analysis.
The company has commissioned its newly constructed cast iron foundry at the Harohalli factory. The foundry was built at a cost of Rs 40 crore. Its current installed capacity is 2.2 million pieces per annum and has been designed to reach 4.4 million pieces per annum in the future.
The LCL (Less than Container Load) volume in October increased YoY for the fourth consecutive month, up by 5% YoY and flat MoM, while FCL (Full Container Load) volume grew by 7% MoM and increased 14% YoY.
The FMCG company has announced its official entry into Saudi Arabia with the inauguration of a new office in Riyadh to tap the $2 billion rice and rice-based food market in the Kingdom of Saudi Arabia. It plans to invest SAR 185 million in warehousing, stocks, and people over the next five years in the Kingdom. The company is eyeing a revenue of SAR 435 million over the next five years.
The board will meet on November 29 to consider fundraising via the issue of equity shares on a preferential basis.
The Insurance Regulatory and Development Authority of India has issued a Certificate of Registration to the company to act as a ‘Corporate Agent (Composite)’ under the Insurance Act.
The food delivery giant has opened its qualified institutions placement (QIP) issue on November 25. It has fixed the floor price at Rs 265.91 per share. Meanwhile, it has announced the liquidation of its step-down subsidiary, Zomato Internet LLC, which did not have any active business operations.
IndiGo's market share increased to 63.3% in October, up from 63% in September.
The low-cost airline has improved its market share to 2.4% in October, up from 2% in September.
Neeraj Naidu has resigned as the Chief Information Security Officer of the bank, effective November 25, to explore new opportunities.
The Income Tax Department has passed various orders for Assessment Years 2013-14, 2014-15, 2015-16, 2016-17, 2017-18, 2018-19, and 2019-20, ruling in favour of the company. As a result, the company has received a tax refund of Rs 1,945.08 crore, including total interest of Rs 489.22 crore.
Bulk Deals
UBS Principal Capital Asia sold a 0.82% stake in the pharma company at an average price of Rs 5,468.99 per share, amounting to Rs 541.16 crore.
UBS Principal Capital Asia offloaded a 1.04% stake in the stock exchange at an average price of Rs 4,670.56 per share, valued at Rs 657.86 crore.
UBS Principal Capital Asia sold a 0.7% stake in the jewellery maker at an average price of Rs 698.56 per share, amounting to Rs 508.06 crore.
UBS Principal Capital Asia offloaded a 0.72% stake in the Mumbai-based real estate developer at an average price of Rs 1,943.3 per share, valued at Rs 508.4 crore.
UBS Principal Capital Asia sold a 1.17% stake in the air conditioning system supplier at an average price of Rs 1,642.67 per share, amounting to Rs 635.38 crore.
Amansa Holdings bought an additional 3.1% shareholding in GMM at an average price of Rs 1,200 per share, valued at Rs 167.37 crore. However, Blend Fund 2 and Unifi Capital sold a 2.28% stake in the company at the same price, amounting to Rs 123.35 crore.
Pine Oak Global Fund offloaded a 0.76% stake in Orient at an average price of Rs 399.69 per share, valued at Rs 12.7 crore.
iShares Core MSCI Emerging Markets ETF bought a 0.68% stake in Sansera at an average price of Rs 1,573.04 per share, amounting to Rs 66.74 crore.
Alchemy Capital Management sold a 1.3% stake in Niyogin at an average price of Rs 51 per share, while Think India Opportunities Master Fund LP bought a 1.52% stake in the company at the same average price of Rs 51 per share.
Stocks Trade Ex-Dividend
Gillette India, Dev Information Technology, Dolat Algotech, Elpro International, Ganesha Ecosphere, GPT Infraprojects, Intelligent Supply Chain Infrastructure Trust, Kaveri Seed Company, Morganite Crucible, Polyplex Corporation, Sun TV Network
Stocks Trade Ex-Date for Rights
UPL, NHC Foods
F&O Ban
Aarti Industries, GNFC, Granules India
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