Market Commentary     29-Nov-24
Stock Alert
Reliance Inds, Fine Organics Inds, PC Jeweller India, KEI Inds, Zomato will be in focus
Stocks to watch:

Reliance Industries’ subsidiary, Reliance Finance and Investments USA LLC (RFIUL) entered into stock purchase agreement with Wavetech Helium, Inc. (WHI) and subscribed to 21% stake of WHI for an aggregate consideration of $12 million.

Fine Organic Industries shall resume its Badlapur plant operations from 28 November 2024 and is actively working on fully restoring all other plant activities to normalcy.

Nuvoco Vistas Corp The company incorporated its wholly owned subsidiary in the name of Vanya Corp. to carry on the business of manufacturing cementitious products.

PC Jeweller India’s board has set 16 December 2024 as the record date for the 10:1 share split.

KEI Industries raised Rs 2,000 crore through the allocation of 52,163,157 equity shares to 104 qualified institutional buyers at an issue price of Rs 3,800 per share, which is at a discount of 2.07% to the floor price of Rs 3880.54 per share.

Adani Power has achieved a score of 67 out of 100 in the corporate sustainability assessment by S& P Global for fiscal 2024.

IIFL Finance’s subsidiary, IIFL Home Finance (IFC) has filed tranche I prospectus to raise funds upto Rs 100 crore through NCDs, with the option to retain oversubscription of upto Rs 400 crore.

Zomato has closed its qualified institutional Placement (QIP) issue and raised Rs 8,500 crore through the allocation of 33.64 crore equity shares at a price of Rs 252.62 per share, which is at a 5% discount to the floor price of Rs 265.91 per share.

Previous News
  Reliance Industries Ltd rises for third consecutive session
 ( Hot Pursuit - 12-Nov-25   13:05 )
  PC Jeweller consolidated net profit rises 17.14% in the September 2025 quarter
 ( Results - Announcements 12-Nov-25   13:01 )
  Nifty November futures trade at premium
 ( Market Commentary - Futures Market 06-Nov-25   16:20 )
  PC Jeweller to conduct board meeting
 ( Corporate News - 03-Nov-25   15:34 )
  IIFL Finance reports consolidated net profit of Rs 376.33 crore in the September 2025 quarter
 ( Results - Announcements 31-Oct-25   07:41 )
  Nifty November futures trade at premium
 ( Market Commentary - Futures Market 28-Oct-25   16:09 )
  Stock Alert: Reliance Inds, Coforge, Dr Reddys Lab, Kotak Mahindra Bank
 ( Market Commentary - Stock Alert 27-Oct-25   07:57 )
  Reliance forms new AI joint venture with Meta subsidiary
 ( Hot Pursuit - 25-Oct-25   16:43 )
  IIFL Finance schedules board meeting
 ( Corporate News - 25-Oct-25   11:22 )
  Nifty October futures trade at premium
 ( Market Commentary - Futures Market 24-Oct-25   16:26 )
  Nifty October futures trade at premium
 ( Market Commentary - Futures Market 20-Oct-25   16:30 )
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