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Dhanlaxmi Bank, Hindustan Construction Company, Amara Raja Energy, Exide Industries, IndiGo, Bharti Airtel and Other are shares to look at at this time.
Stocks To Watch Today.
Even because the home fairness markets are displaying unfavourable indicators, stock-specific trades are getting vital earnings. Among the highest shares to maintain a watch on Friday, December 20, are Dhanlaxmi Bank, Hindustan Construction Company, Amara Raja Energy, Exide Industries, IndiGo, and Bharti Airtel.
Bharti Airtel: The firm has pay as you go Rs 3,626 crore to the Department of Telecom, clearing all its liabilities for the spectrum it had acquired in 2016. With this, Airtel has now pay as you go all its spectrum dues that had curiosity prices greater than 8.65%. Airtel has pay as you go a complete of Rs 28,320 crore of spectrum liabilities in 2024.
Rights Issue Approval
Dhanlaxmi Bank: The Board has given the nod for a rights problem of fairness shares valued at ₹297.54 crore, priced at ₹21 per share. The subscription window is scheduled from January 8 to January 28, 2025.
Major Order Wins
GE Vernova T&D India: Secured an order value ₹400 crore from Sterlite Grid 32 to produce and oversee HV gear for a transmission undertaking.
Zodiac Energy: Bagged its inaugural worldwide rooftop photo voltaic order value $720,626 in Zambia. The undertaking features a 2 MWp grid-tied rooftop system built-in with a battery vitality storage system.
Fundraising & Investments
Hindustan Construction Company: Concluded its QIP, elevating ₹600 crore by issuing 13.95 crore shares at ₹43.01 per share. Investors embrace Societe Generale, Citigroup Global, SBI General Insurance, and Leading Light Fund.
InterGlobe Aviation: The Board has sanctioned a $43 million mortgage for its subsidiary, InterGlobe Aviation Financial Services IFSC.
Strategic Developments
Amara Raja Energy & Mobility: Hyundai Motor India will undertake Amaron’s AGM batteries for SLI purposes, below its present procurement settlement.
Exide Industries: Its subsidiary, Exide Energy Solutions, inked a binding time period sheet with Hyundai Motor India to supply and provide battery cells for Hyundai’s EVs.
KPI Green Energy: Signed an MoU with the Rajasthan authorities for hybrid photo voltaic and wind energy initiatives in Jaisalmer.
BASF India: Gave in-principle approval to demerge its agricultural options enterprise, which generated ₹2,006.46 crore in FY24, right into a separate listed entity.
Leadership Updates
Tolins Tyres: CMA Sojan C S has been appointed CFO, efficient December 19, 2024.
AU Small Finance Bank: RBI authorised Harun Rashid Khan’s reappointment as part-time chairman for 3 years from December 28, 2024.
Hyundai Motor India: Reappointed Unsoo Kim as Managing Director for 3 years, beginning January 25, 2025.
Focus on F&O Ban
Stocks like Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, NMDC, PVR INOX, and SAIL stay below the F&O ban listing.
