Stocks To Watch: IndiGo, Tata Chemicals, JM Financial, Vedanta, RVNL and more

 

 

 

 

 

 

 

 

 

JM Financial | SEBI bars the company from acting as a debt issue lead manager. It has also barred the company from taking new mandate in debt public issue. It can continue to manage existing debt issue for 60 days. SEBI to complete investigation on JM Financial within six months.

Tata Group Stocks / Tata Chemicals | Listing of Tata Sons in the foreseeable future is unlikely, sources told CNBC-TV18 and that the company is considering multiple options to comply with RBI's upper-tier NBFC norms. Cutting down group debt or hiving off Tata Capital could be an option.

Vedanta | SEBI issues administrative warning to the company. Asks company to take corrective steps to strengthen internal migration control for corporate announcements. SEBI's warning will have no impact on financial or other operations, the company said.

Gensol Engineering | Emerges as L1 bidder for attaining an unassailable position for a 70 MW / 140 MWh out of 250 MW / 500 MWh standalone battery energy storage systems project. The project developed will provide energy to Gujarat Urja Vikas Nigam Ltd. (GUVNL) The project will contribute ₹450 crore to Gensol's revenue over a period of time.

Zydus Life | Ahmedabad API facility gets Establishment Inspection Report (EIR) from USFDA. The inspection was carried out between December 14 to 22, 2023 and was given a Voluntary Action Indicated (VAI) status.

DB Realty | Launches QIP to raise funds. Sources say that the total size of the QIP is likely to be ₹1,500 crore and the company plans to use the proceeds for business development and loan repayment. Base size will be ₹1,000 crore and a green shoe option of ₹500 crore. The total equity dilution is likely to be 10.4%.

RVNL | Gets LoA for the ₹251 crore order in Madhya Pradesh from the Madhya Pradesh PoorvKshetra Vidyut Vitaran company. Additionally, the company has also received LoA for projects worth ₹1,298.2 crore from Himachal Pradesh Electricity Board for development of distribution infrastructure at South Zone & North Zone. The company's JV with URC has also received a letter of acceptance for a ₹543 crore project from the Madhya Pradesh Metro Rail Corporation.

Tata Power | MERC approves average tariff hike of 24% compared to the company's request of 12% from financial year 2024 - 2025.

Torrent Power | Gets Letter of Award for supply of 306 MW Solar Power from Maharashtra State Electricity Distribution Company. The LoA is worth ₹1,540 crore for the supply of 306 MW solar power, under the PM Kusum scheme.

HG Infra | Gets Letter of Acceptance (LoA) from NHAI for construction of four-lane elevated corridor of Kalimandir-Dimna Chowk in Jharkhand. The 10 km project is said to cost ₹610 crore and will be constructed over a period of 30 months.

Zee Entertainment | President-Business-South Asia, Rahul Johri quits to pursue interests outside the organisation. The stock is in the F&O ban.