Market Commentary     18-Dec-24
Stock Alert
Stock Alert: Ambuja Cements, Piramal Enterprises, Alkem Laboratories, Aurobindo Pharma
Securities in F&O Ban:

Bandhan Bank, Chambal Fertilizers, Granules India, Hindustan Copper, Manappuram Finance, National Aluminum, RBL Bank, PVR Inox shares are banned from F&O trading on 18 December 2024.

New Listing:

One Mobikwik Systems will make debut on bourses today. The IPO was subscribed 119.38 times. The issue was open between 11th December and 13th December 2024. The IPO’s price band was between Rs 265 and 279 per share.

Sai Life Sciences shares will list on stock market today. The IPO was subscribed 10.26 times. The issue opened between 11th December and 13 December 2024. The price band of the IPO is fixed at Rs 522–549 per share.

Vishal Mega Mart will make debut on bourses today. The IPO was subscribed 27.28 times. The issue was opened on 11th December and 13th December 2024. The price band of the IPO was fixed between Rs 74 and 78 per share.

Stocks to watch:

Ambuja Cements announced scheme of arrangement of its subsidiaries Sanghi Industries (SIL) and Penna Cement Industries (PCI). For every 100 equity shares of SIL with a face value of Rs 10 each, Ambuja Cements will issue 12 equity shares with a face value of Rs 2 each, to eligible shareholders of SIL.

Piramal Enterprises’ administrative committee will hold a meeting on Friday to consider and approve the public issuance of non convertible debentures.

Alkem Laboratories along with its arm Enzene Biosciences entered into a share subscription and shareholders’ agreement with Sunsure Solarpark Twenty-Two and Sunsure Energy for equity investment in Sunsure solarpark.

Aurobindo Pharma’s wholly owned subsidiary, Apitoria Pharma’s active-pharmaceutical ingredient (API) manufacturing plant in Telangana received two observations from US Food and Drug Administration (USFDA).

Jindal Saw entered into an agreement with ReNew Green Energy Solutions to acquire shareholding up to 31.2% stake in ReNew Green MHH One.

Suyog Telematics’ board will consider raising funds through equity or any other equity‐linked or convertible securities from various modes.

Previous News
  Piramal Ent invests Rs 700-cr in Piramal Finance
 ( Hot Pursuit - 30-Jun-25   08:35 )
  Ambuja Cements commissions 2.5 MTPA brownfield expansion of Sankrail unit
 ( Corporate News - 24-Jun-25   15:47 )
  Alkem Laboratories Ltd up for third straight session
 ( Hot Pursuit - 10-Jun-25   13:05 )
  Volumes spurt at Alkem Laboratories Ltd counter
 ( Hot Pursuit - 04-Jun-25   11:00 )
  Piramal Enterprises to conduct EGM
 ( Corporate News - 03-Jun-25   17:05 )
  Piramal Enterprises appoints Chief Compliance Officer
 ( Corporate News - 02-Jun-25   18:46 )
  Alkem Laboratories consolidated net profit rises 4.19% in the March 2025 quarter
 ( Results - Announcements 30-May-25   09:11 )
  Alkem Laboratories to conduct AGM
 ( Corporate News - 29-May-25   17:45 )
  Alkem Laboratories standalone net profit declines 14.78% in the March 2025 quarter
 ( Results - Announcements 29-May-25   17:29 )
  Board of Alkem Laboratories recommends final dividend
 ( Corporate News - 29-May-25   17:27 )
  Piramal Enterprises to convene AGM
 ( Corporate News - 29-May-25   08:59 )
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