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Stock Market Highlights December 3, 2024: Sensex and Nifty extend gains for third session, supported by blue-chip rally
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Stock Market Highlights December 3, 2024: Sensex and Nifty extend gains for third session, supported by blue-chip rally

Indoco Remedies: The company is collaborating with UK-based Clarity Pharma to launch approximately 20 products over the next 18 months through Clarity Pharma (Positive)

Pricol: The company announces the strategic acquisition of the injection molding business of Sundaram Auto Components Limited in an all-cash transaction for a consideration of Rs.215.3cr. (Positive)

Protean eGov Tech: Company wins order worth ₹161 crore from Central Registry of Reconstruction of Securitization Assets and Security Interests of India (CERSAI) (Positive)

BPCL/Coal India: BPCL signs a memorandum of understanding with Coal India for the establishment of a project to transform coal into synthetic natural gas in the western coalfields by surface gasification of coal. (Positive)

Snowman: Gateway Distriparks Ltd. acquired 478,557 shares (0.29%) of Snowman Logistics Ltd. (Positive)

Paramount Communications: ICRA has upgraded the company’s long-term unallocated bank limit ratings from (ICRA) BBB- (Stable) to (ICRA) BBB (Stable). (Positive)

Chambal Fertilizers: The company partners with TERI to establish a center of excellence for advanced and sustainable agricultural solutions (Positive)

Waaree Energy: The company has received new orders for the supply of modules. (Positive)

Ceinsys Tech: The company has received a letter of award amounting to Rs. 331.61 Crores for the appointment of System Integrators (SI) for IoT deployment. (Positive)

Allied Blenders: The company expects 40% volume growth from its premium segment in the second half of the financial year. (Positive)

Tata Consumer: The company plans to open 1,000 Starbucks cafes in India by FY28, said Managing Director and CEO Sunil D’souza. (Positive)

Advait Infratech: Advait Energy Transitions has been selected by Gujarat Urja Vikas Nigam as a qualified bidder for a 50 MW portion of a 500 MW battery energy storage project in Gujarat (positive)

Popular Vehicles: The company has received permission to establish a new NEXA workshop in Kerala, comprising 4 service bays and 5 workshop bays. (Positive)

Godavari Biorefineries: The company has signed an exclusive licensing agreement with Catalyxx Inc. to produce up to 30,000 tonnes of biobutanol per year. (Positive)

Sterling Tools: The company signed a technical collaboration agreement with Zhejiang Meishuo Electric Technology Co, Ltd., China. (Positive)

Solar Ind: The company has received export orders worth INR 2,039 crores for supply of defense products, to be delivered over a period of 4 years. (Positive)

E2E Networks: The company has entered into an agreement with Larsen & Toubro Limited for capacity expansion of its data center facilities. (Positive)

KPI Green: Company wins order worth ₹1,311 cr from Coal India (positive)

MOIL: The company reported record production (1.63 lakh tonnes) and sales (1.33 lakh tonnes) of manganese ore in November 2024. (Positive)

Steel stocks: Steel ministry proposes 25% safeguard duty on steel imports: NDTV. (Positive)

Syngene: Sibaji Biswas resigns as CEO and CFO of the company on November 30, 2024. (Neutral)

Torrent Power: Company opens QIP and sets floor price at ₹1,555.75/sh (neutral)

Nazara: Company announces five investments totaling INR 196 crore to drive growth in gaming and entertainment (neutral)

AGI Infra: The company approved sub-division/split of each equity share having a face value of Rs.10 into 2 equity shares having a face value of Rs.5 each, fully paid up. (Neutral)

Muthoot Capital: The company will consider issuance of NCDs up to ₹90 cr on private placement basis on December 5. (Neutral)

Wipro: Shares will trade today ex-bonus with a ratio of 1:1. (Neutral)

KEC Int: Bangladesh Tax Court rejects company’s appeal against VAT claim (neutral)

Hindalco: The company received a penalty of ₹17.99 cr from the Office of the Central Goods and Services Tax Commissioner, Jabalpur (neutral)

Hindustan Unilever: The company has made a partial payment of ₹192.55 Cr (20% of the ₹962.75 Cr demand) to the tax authorities. (Neutral)

Mazagon Dock: Company announces stock split. The existing ₹10 shares will be split into two ₹5 shares, with the record date being December 27, 2024. (Neutral)

Vistar Amar: The company announced a ₹29.95 Cr rights issue of 25,60,000 equity shares at ₹117 each (including a premium of ₹107). (Neutral)

Zomato: Company allotted 47,75,34,845 shares (₹1 each) to Foodie Bay Employees Trust ESOP (Neutral)

Tata Elxsi: The company will participate in the Macquarie India Tech Spotlight day on December 9, 2024. (Neutral)

Gateway Distriparks: The company is launching a new service to Kandla Port. (Neutral)

Manaksia Coated Metals: The company plans to raise ₹134.55 crore through an issue of preferential warrants. (Neutral)

Aditya Birla Capital: The company is convening a meeting of shareholders on January 7, 2025 to approve the merger of Aditya Birla Finance Ltd. (Neutral)

AYM Syntex: The company has received approval for listing on BSE for 7,767,827 shares (₹10 each, premium of ₹172.50) issued preferentially to promoters and non-promoters. (Neutral)

PAR Drugs: The company announced a down sale of its establishment for ₹93Cr, or 99.44% of its turnover. (Neutral)

Trident Lifeline: The Company completed the acquisition of a 50.49% stake in TLL Parentrals Limited on December 2, 2024. (Neutral)

Perfect Infra: The company booked large orders totaling ₹1.5 crore from various customers including Navi Mumbai Municipal Corporation and TE Connectivity (neutral)

Bajaj Finserv: Company ends co-branded card partnership with DBS Bank as company seeks to end co-branded partnerships for credit cards (Neutral)

IKIO Lighting: The company proposes a name change to become IKIO Technologies Limited (Neutral)

HCL Tech: finalization of the acquisition of the assets of the communications technology group (CTG) of Hewlett Packard Enterprise. (Neutral)

Health insurance stocks: Mozambique government proposes to exempt GST on health insurance premiums for non-elderly citizens up to coverage of 5 lk/year (neutral)

Indegene: Carlyle-backed CA Dawn Investments is offering around 69 lakh shares or 2.9% stake in Indegene. (Neutral)

SEAMEC: SEAMEC International’s FZEs were arrested on the orders of the Fujairah Federal Magistrate’s Court. (Negative)

Tobacco products: Government should increase GST rates from 28% to 35% on tobacco and tobacco products: CNBC sources. (Negative)

VBL: GST on soft drinks also expected to increase to 35%: CNBC sources (negative)