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Stock exchanges BSE and NSE will remain opened on Wednesday normally; here’s a roundup of the key developments impacting the stocks today.
Stocks To Watch Today.
As the new year begins, several stocks are set to grab attention in today’s trading session. Stock exchanges BSE and NSE will remain opened on Wednesday normally. Here’s a roundup of the key developments impacting the stocks today. Check key stocks to watch on January 1, 2025.
SJVN
The company has signed a Memorandum of Understanding (MoU) with the Bihar government to develop the 1,000 MW Hathidah Durgawati Pumped Storage Project and other similar projects.
Sun Pharmaceutical Industries
In a strategic move, Sun Pharma has agreed to sell its Japanese subsidiary, Sun Pharma Japan Technical Operations, to Zaza Industrial Holdings KK for just one yen. This sale marks the exit of the subsidiary from the Sun Pharma group.
ITC
With the demerger of its hotels business finalized, ITC will transfer its stakes in eight associated companies, including Fortune Park Hotels and Bay Islands Hotels, to ITC Hotels Limited, effective January 1, 2025.
Kalpataru Projects International
The company secured fresh orders worth ₹1,011 crore in the transmission, distribution, and railway sectors. This brings their year-to-date (YTD) order inflow to over ₹17,300 crore.
Piramal Enterprises
Piramal has infused Rs 1,000 crore into its subsidiary, Piramal Capital & Housing Finance, via a rights issue to support business growth and corporate needs.
Utkarsh Small Finance Bank
The bank has sold a ₹354.54 crore portfolio of stressed microfinance loans to an Asset Reconstruction Company (ARC) for ₹52 crore.
LT Foods
The acquisition of a 17.5% stake in Nature Bio-Foods for ₹110 crore now makes the organic food subsidiary wholly owned by LT Foods.
Newgen Software Technologies
The company bagged several significant projects, including a $1.64 million credit automation services contract, a ₹20.9 crore purchase order for its remittance system, and international projects in Singapore and the US.
IndoStar Capital Finance
The company approved the sale of a portion of its commercial vehicle loan portfolio, valued at ₹174 crore, to Assets Care & Reconstruction Enterprise.
TVS Holdings
The company sold its entire stake in TVS Emerald to VEE ESS Trading, a promoter group entity, for ₹485.85 crore.
Key Leadership and Regulatory Updates
Hazoor Multi Projects
Francisca Rosario has been appointed CFO, while Radheshyam Laxmanrao Mopalwar takes over as Chairman. Meanwhile, two directors have stepped down from their roles.
Persistent Systems
Executive Director Sunil Sapre retired on December 31, marking a key leadership change.
Kirloskar Industries
The company is contesting SEBI’s directive to disclose the 2009 Deed of Family Settlement. It argues that the DFS does not impose liabilities or restrictions on the company, and the matter remains sub-judice.
Bulk Deals to Watch
Easy Trip Planners: Promoter Nishant Pitti offloaded a 14.09% stake, while Arunaben Sanjaykumar Bhatiya acquired a 0.67% stake.
AGS Transact Technologies: Neomile Growth Fund acquired a 1.16% stake, while promoter Vineha Enterprises sold a similar amount.
Unimech Aerospace: VQ Fastercap Fund purchased nearly 1% of the company at an average price of ₹1,387.56 per share.
Bonus Issue Ex-Date
Surya Roshni: The stock will trade ex-bonus today.
These developments are likely to shape the trading landscape as the market kicks off the new year. Keep an eye on these key players for potential opportunities.
