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
  Ambuja Cements declare Quarterly Result
 ( Corporate News - 25-Apr-25   21:05 )
  Alkem Labs' subsidiary concludes acquisition of 100% stake in Bombay Ortho
 ( Hot Pursuit - 17-Apr-25   14:49 )
  Alkem MedTech acquires Bombay Ortho Industries
 ( Corporate News - 17-Apr-25   09:43 )
  Piramal Finance gets registered as NBFC-Investment and Credit Company without accepting public deposits
 ( Corporate News - 07-Apr-25   12:00 )
  Ambuja Cements EGM scheduled
 ( Corporate News - 31-Mar-25   17:39 )
  Ambuja Cements appoints key senior management personnel’s
 ( Hot Pursuit - 28-Mar-25   14:50 )
  Board of Ambuja Cements approves change in directorate and CFO
 ( Corporate News - 28-Mar-25   14:14 )
  Piramal Enterprises injects Rs 600-cr in subsidiary
 ( Hot Pursuit - 27-Mar-25   08:07 )
  Piramal Enterprises invests Rs 600 cr in Piramal Finance
 ( Corporate News - 26-Mar-25   19:43 )
  Piramal Capital & Housing Finance renamed as Piramal Finance
 ( Corporate News - 24-Mar-25   11:37 )
  Alkem Lab gains as Bioequivalence Center clears USFDA inspection without observations
 ( Hot Pursuit - 17-Mar-25   09:57 )
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  25-Apr-25   08:30
  Stock Alert: Bajaj Housing Finance, Tata Consumer Products, LTIMindtree, Axis Bank, Bajaj Finance
  24-Apr-25   08:30
  Stock Alert: HCL Tech, Waaree Energies, AU Small Finance Bank, Tata Comm, Tata Consumer Products
  23-Apr-25   08:20
  Stock Alert: HCL Tech, Mahindra Logistics, Anant Raj, Himadri Speciality Chemical, Tata Investment Corp
  22-Apr-25   08:29
  Stock Alert: Infosys, Jio Financial Services, Just Dial, Tata Elxsi, HDFC Bank, ICICI Bank
  21-Apr-25   08:22
  Stock Alert: Wipro, Angel One, Waaree Renewable Tech, Infosys, BHEL
  17-Apr-25   08:35
  Stock Alert: IREDA, Wipro, Swiggy, Lemon Tree Hotels, Dabur India, Angel One
  16-Apr-25   08:35
  Stock Alert: Ircon Intl, Sula Vineyards, Ashiana Housing, NCL Inds, Orient Cement, Aurobindo Pharma
  15-Apr-25   08:29
  Stock Alert: TCS, Coromandel Intl, JSW Energy, Biocon, Jindal Stainless Steel
  11-Apr-25   08:29
  Stock Alert: Shyam Metalics, Senco Gold, NTPC Green Energy, Signatureglobal (India)
  09-Apr-25   08:38
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