Share Market Highlights 27 November 2024: Sensex, Nifty edge higher amid mixed sectoral trends; Adani stocks lead gains
Lumax Auto: Lumax Resources acquires 60% stake in Greenfuel Energy Solutions for ₹153 crore (Positive)
Renaissance Global: CRISIL Ratings upgrades ‘long-term’ credit rating of company from ‘BBB+’ to ‘A-’, outlook stable (Positive)
TCS: Company secures an extension for processing pensions of 30 lakh defense personnel. (Positive)
Zaggle Prepaid: Company signs referral partnership agreement with Mastercard. (Positive)
Sarveshwar Foods: Company’s subsidiary secures 12,000 MT order for rice, eyes Rs 2000 million annual revenue (Positive)
A B Infrabuild: Company secures new project for rebuilding of FOBs and skywalk between Goregaon to Borivali stations (Positive)
Agarwal Industrial Corp: Company secured bitumen supply tenders from Bharat petroleum Rs 55 cr and Indian oil Rs 2.5 cr, totaling 18,000 MTS worth Rs 76.5 cr. (Positive)
RVNL: Company emerged as L1 bidder for contract worth Rs 625 cr (Positive)
Infosys: Company to distribute up to 85% variable pay bonus for Q2 FY25, Moneycontrol (Positive)
Wipro: Company extends its work with Marelli for continued evolution of it infrastructure for another four years (Positive)
Vedanta: Company to invest $2 billion in Saudi copper-processing facilities (Positive)
Dr. Reddy’s Laboratories: Company and Senores Pharmaceuticals, Inc. Announce the Launch of Ivermectin Tablets USP, 3 mg in US Market (Positive)
Kotak Bank: CCI India approves Kotak Mahindra Bank’s proposal to buy Standard Chartered Bank India’s unsecured personal loan book (Positive)
Siemens: * Net Profit At ₹830.7 Cr Vs Poll Of ₹717 Cr, Revenue At ₹6,461 Cr Vs Poll Of ₹6,526.1 Cr (Positive)
UltraTech Cement: Board approves raising funds up to ₹1,000 cr via NCDs. (Neutral)
Adani Ent: April Moon Retail, a JV of Adani Airport Holdings acquires 74% stake of Cococart Ventures (Neutral)
Axis Bank: Axis AMC & Axis Mutual Fund Trustee settles SEBI proceedings over TER violations with ₹16.57 lakh, without admitting guilt. (Neutral)
Patanjali: LIC raises stake in Patanjali Foods from 4.986% to 5.020%. (Neutral)
GE Vernova: Grid Equipments, one of the promoters of the company, will exercise green shoe option of the OFS, floor price at ₹1,550/sh. (Neutral)
Ola Electric: Company launches Gig and S1 Z range of scooters in the price range of ₹39,999 – 64,999. (Neutral)
Petronet LNG: Company informs of director changes. Shri Satish Kumar Vaduguri’s resignation as Director is effective Nov 29, 2024. (Neutral)
Biocon: Company’s credit rating reaffirmed at CRISIL AA+/Stable; A1+. (Neutral)
NTPC: Company formed a JV with with MAHAGENCO. (Neutral)
Exide Industries: Company invests Rs 100 crores in subsidiary Exide Energy Solutions. (Neutral)
HAL: Company appointed Shri Ravi K as Director Operations. (Neutral)
PSP Projects: Adani Infra will acquire 30% stake in Company, with a further open offer for 26%, leading to equal equity. (Neutral)
Dabur: Company gets revised ₹320.6 crore GST demand; penalty dropped (Neutral)
Sun Pharma: Subsidiary received a regulatory order resulting in fines totaling INR 72.5 Cr (Neutral)
M&M: Company launches BE 6E & XEV 9E electric SUVs (Neutral)
Aster DM: Company has entered into an agreement to acquire the balance stake in Aster Adhaar Hospital (Prerana Hospital Limited) in Kolhapur (Neutral)
Adani Power: Andhra Pradesh likely to suspend Adani Power deal. (Negative)
Fusion Micro: ICRA downgraded Fusion Finance’s credit rating for Non-convertible debentures (Negative)
