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Summary
SGX Nifty lower, trading at a discount of more than 70 pts from Monday’s Nifty Futures close indicating the beginning of a gap for the Indian market. From Adani Enterprises, Tata Motors, HDFC to TVS Motor Company, here’s a look at the stocks to follow today’s trading.
Srinivasan Trust has sold 25.7 million shares of TVS Motor at an average price of Rs 1,020.03/share through the BSE deal.
Life Insurance Company of India (LIC) increased its stake in HDFC Ltd to more than 5 percent after buying shares from the open market. LIC bought 1.2 million shares from the open market hiking its stake in the company to 5.003 percent, mortgage lender HDFC Ltd said in a regulatory filing on Monday.
Billionaire Gautam Adani Group’s opening bid for NDTV ended on Monday with investors buying nearly 32 percent stake in the media house despite a deep discount to the current share price. Adani Group bought nearly 53.27 million shares of NDTV from the open market at a price of 294 at the end of trading hours on Monday, exchange data showed.
Adani Green Energy Ltd (AGEL) announced on Monday that it will build its third hybrid power plant in Rajasthan with a capacity of 450 megawatts (MW). With this, AGEL says it has become “the world’s largest hybrid wind-solar developer” with a capacity of 1,440 MW.
Tata Motors is looking to increase the prices of its passenger vehicles from next month to bring its model range in line with stricter emission norms starting April 1 next year, according to top company officials. In an interaction with PTI, Tata Motors Managing Director – Passenger Vehicles and Electric Vehicles Shailesh Chandra said the price revision will also offset the impact of commodity prices, which have remained high for most of the year.
The Kalpatru Electricity Transmission Board is scheduled to consider raising funds through NCDs on a private placement basis on December 8.
DreamFolks has partnered with VidsurGolf to offer customers access to premium golf courses across India and Asia Pacific.
Bajaj Consumer announced that it will consider a share buyback on December 9.
Developer IRB Infra’s November gross toll collection rose 6.1 percent at Rs 365.9 crore against Rs 345 crore (MoM). It increased by 39.2 percent YoY compared to Rs 262.8 crore earlier.
JSW Energy has commenced implementation of a phased 450 MW wind power project in Tuticorin, Tamil Nadu.
In a relief for Natco Pharma, the Delhi High Court dismissed FMC Corp’s appeal against the pharmaceutical company. FMC appealed against the Delhi HC order related to Natco’s Chlorantraniliprole product.
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