Share Market Highlights 9 December 2024: Markets slip amid mixed sectoral performance, Nifty and Sensex down slightly

Kernex Microsystems: Company Bags Rs 2,041 Cr Order for Kavach Equipment. (Positive)

JSW Energy: Company’s unit JSW energy (Utkal) being the successful bidder for the Bartap coal mine in the state of Odisha with an estimated geological reserve of 1,600 MT,. (Positive)

NLC India: Company has been declared the successful bidder for the Patrapara South Coal Mine in Odisha (Positive)

Laurus Labs: Board approves investment of ₹40 crore in Laurus Bio (Positive)

Welspun Corp: Company bags 2 more orders in the US for HSAW pipes & supply of coated pipes, value of cumulative orders received by the US plant till Q3FY25 exceeds Rs 7,000 cr (Positive)

Larsen & Toubro: Company wins tribunal case, ₹702 crore customs demand quashed (Positive)

CEAT: Company to acquire Camso’s off-highway tyre and tracks business from Michelin for $225 million (Positive)

TVS Motor: Company launched its next-gen TVS RT-XD4 engine platform. (Positive)

Aster DM Healthcare: Company announced a proposed merger with Quality Care India Ltd (Positive)

Seamec: Fujairah court lifted arrest order for vessel Seamec gallant (Positive)

Bajaj Healthcare: Company API manufacturing site situated at Vadodara has received approval from therapeutic goods administration (TGA), Australia. (Positive)

VRL Logistics: Company purchased its Bengaluru transhipment hub for Rs 15.72 crore annual lease savings (Positive)

International Conveyors: Company appointed Shri Yogesh Kajaria as Chairman & Managing Director for 3 years. (Positive)

Biocon: API facility (Site 2) in Bengaluru gets Voluntary Action Indicated (VAI) status. (Positive)

RITES: Company is the top bidder for a USD 9,713,470 engineering services contract from Guyana’s Ministry of Public Works (Positive)

Uno MInda: Company’s 4W Lighting Plant At Khed, Pune Has Started Its Commercial Production (Positive)

PNB Housing Finance: Company issued Rs 280 Cr and Rs 300 Cr worth of non-convertible debentures via private placement. (Neutral)

Paytm: Company Board approves sale of Stock Acquisition Rights in PayPay. (Neutral)

Wipro: Company collaborated with SIAM. AI and NVIDIA to develop an AI-powered digital assistant (Neutral)

Nureca Ltd: Company acquired 460,000 Yes Bank shares for Rs 96.79 lakhs, exceeding materiality thresholds. (Neutral)

Mahindra & Mahindra: Company announces the incorporation of Target Hybren Private Limited. (Neutral)

Delta Corp: Company’s revised demerger plan splits its Hospitality & Real Estate business including the Dhargal Project into a separate listed entity. (Neutral)

KSolves India: Corporate credit rating reaffirmed as CRISIL BBB/Stable by Crisil Rating. (Neutral) 

Godrej Consumer: Company Sees mid-single digit parent sales growth in Q3. (Neutral)

Refex Renewables: Company approved issuance of 105 NCDs worth Rs 10.5Cr via private placement to Northern Arc. (Neutral)

Poonawalla Fincorp: Mr. Dhiraj Saxena resigned from Company on Sep 6, 2024 (Neutral)

Usha Martin: Company’s subsidiary, Usha Martin Americas Inc., will acquire 2.02% stake in Usha Siam Steel Industries. (Neutral)

Samvardhan Motherson: CRISIL Ratings affirmed Motherson’s Non-Convertible Debenture rating as CRISIL AAA/Stable for Rs 15000 Mn. (Neutral)

Atul Auto: Company’s credit ratings reaffirmed by CRISIL. Long-term rating remains CRISIL BBB+/Stable, short-term rating CRISIL A2. (Neutral)

Alembic Pharma: Company announces that six step-down subsidiaries had been dissolved or were in the process of dissolution. (Neutral)

Inox Green: Company divests entire stake in two wholly owned subsidiaries. (Neutral)

Speciality Restaurants: CRISIL reaffirmed long-term rating of CRISIL A-/Stable for Company bank facilities of Rs 4.90 crore. (Neutral)

RailTel: Company secured a Rs 13.34 crore order from South Central Railways for 4G LTE-R infrastructure in Secunderabad (Neutral) Godawari Power: Company announces acquiring up to 51% stake in Jammu Pigments Ltd (JPL), a non-ferrous metal recycling company, for ₹500 Cr. (Neutral)

Raymond Lifestyle: Company Rs 2055 Cr bank loan facilities received Crisil AA/Stable (long-term) and A1+ (short-term) ratings. (Neutral)

M&M: Company to contest brand rights of BE 6e in court to name its Electric Origin SUV “BE 6”. (Neutral)

Ramco Industries: ICRA reaffirmed Company’s credit ratings. Short-term ratings for Rs 500 Cr line of credit remain unchanged (Neutral)

India Cements: Company is in process of furnishing response to CCI in this regard and will be able to satisfy the concerns the CCI may have as the cement market is extremely competitive. (Neutral)

Mastek: Company announces the name change of its Saudi Arabian step-down subsidiary from Evolutionary Systems Saudi LLC to Mastek Information Technology Company (Neutral)

Dhampur Sugar Mills: Company issued Rs 50 Cr commercial papers on Dec 6, 2024. (Neutral)

Star Health: Company gets Show Cause Notice from IRDAI for non-compliance with various regulations & guidelines (Negative)