Stocks To Watch: Jubilant FoodWorks, Maruti Suzuki, Swiggy, SBI, Vedanta, And Others – News18
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Stocks to watch: Shares of firms like Jubilant FoodWorks, Maruti Suzuki, Swiggy, SBI, Vedanta, and others will be in focus on Thursday’s trade
Stocks to watch
Stocks To Watch On December 12: Benchmark equity indices, Sensex and Nifty, ended higher in a subdued trading session on Wednesday. Today, shares of Cipla, PC Jeweller, Shriram Finance, Jubilant FoodWorks, Maruti Suzuki, and others will be in focus due to recent developments.
Jubilant FoodWorks, Varun Beverages: The Jubilant Bhartia Group, the parent company of Jubilant FoodWorks, has entered into an agreement to acquire 40% of Hindustan Coca-Cola Beverages, Coca-Cola’s local bottling unit. This move places them in direct competition with the Jaipuria family, the PepsiCo bottler under Varun Beverages.
Cipla: Cipla announced that it has received approval from the Central Drugs Standard Control Organisation (CDSCO) for the exclusive distribution and marketing of Afrezza, an inhalation human insulin, in India.
PC Jeweller: PC Jeweller will issue 5.2 crore equity shares to consortium lenders at an issue price of Rs 292 per share.
Shriram Finance: Shriram Finance has completed the sale of its entire 84.4% stake in Shriram Housing Finance to Warburg Pincus for Rs 3,929 crore.
Gland Pharma: The pharmaceutical company has received approval from the United States Food and Drug Administration (USFDA) for its Phytonadione Injectable Emulsion USP, 10 mg/mL in single-dose ampules.
Reliance Power: Reliance NU Suntech, a subsidiary of Reliance Power, has secured India’s largest solar energy and battery energy storage system (BESS) project at 930 MW from the Solar Energy Corporation of India (SECI).
Reliance Infrastructure/Axis Bank: The Supreme Court has issued a contempt notice to Reliance Infrastructure’s subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL), its managing director, as well as Axis Bank and its MD, for failing to refund Rs 4,700 crore, including interest, to the Delhi Metro Rail Corporation (DMRC), as per the court’s April 10 directive.
Maruti Suzuki: The automaker plans to expand its service network by adding 2,760 new touchpoints by FY31 (2030-31), increasing the total number of service centres to 8,000 across India, as announced by Managing Director and CEO Hisashi Takeuchi.
Greaves Cotton: The company’s board has approved the offer-for-sale (OFS) of certain equity shares of its subsidiary, Greaves Electric Mobility (GEML), in its proposed initial public offer (IPO).
Tata Power: Tivolt Electric Vehicles, an electric vehicle (EV) venture of Murugappa Group and a subsidiary of TI Clean Mobility, has signed an MoU with Tata Power Renewable Energy (TPREL) to enhance EV charging infrastructure for commercial vehicles.
Swiggy: The food delivery platform has launched ‘One BLCK,’ an exclusive invite-only membership offering premium services. Members will enjoy faster deliveries and an on-time guarantee for food orders.
ACME Solar Holdings: The recently listed company has secured a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC on December 10, 2024, with a tariff of Rs 4.56 per unit.
Shriram Finance: The Shriram Group’s flagship company has completed the sale of its 84.44% stake in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus for Rs 3,929 crore.
SBI: State Bank of India (SBI) Chairman C.S. Setty has called for greater involvement of mutual funds (MFs) and pension funds in the corporate bond market. He emphasized that investing in AAA-rated bonds alone would not help deepen the market. Additionally, SBI has invited counter bids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates Ltd (JAL) via a Swiss challenge auction, initiated by the National Asset Reconstruction Company Ltd. (NARCL).
Emami: The company has been fined Rs 15 lakh by the Central Delhi District Consumer Dispute Redressal Commission for unfair trade practices related to its Fair and Handsome fairness cream.
Godawari Power Ispat: The iron and steel company has entered into an agreement with GAIL (India) for the supply of RLNG gas to its upcoming pellet plant for a period of 7 years.
Vedanta: The board will consider a fourth interim dividend on equity shares for the financial year 2024-25 on December 16.
Ami Organics: The board has approved a capital expenditure of up to Rs 177 crore for its brownfield project focused on electrolyte additives at its Jhagadia facility.
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