Hero MotoCorp, Ola Electric Mobility Ltd., JSW Energy Ltd., and Max Financial Services Ltd. are some of the key stocks that will be on the radar on Monday following company-related announcements.
Hero MotoCorp extended its partnership with Harley-Davidson Motor to expand the Harley-Davidson X440 into new variants, while rival Ola Electric has seen two senior executives quit.
JSW Energy's arm JSW Neo Energy acquired a large renewable energy platform for Rs 12,468 crore.
The market will also buzz with the listing of three companies—Senores Pharma Ltd., Carraro India Ltd., and Ventive Hospitality Ltd.
Stocks To Watch
Hero MotoCorp: The company extended its partnership with Harley-Davidson Motor to expand the Harley-Davidson X440 into new variants and to develop a new motorcycle.
Ola Electric Mobility: Anshul Khandelwal resigned from the post of chief marketing officer, and Suvonil Chatterjee from the post of chief technology and product officer.
JSW Energy: The company's arm JSW Neo Energy acquired a 4,696 MW renewable energy platform from O2 Power Midco Holdings and O2 Energy SG for Rs 12,468 crore.
Max Financial Services: Axis Max Life decided to discontinue the operations of Max Life PFM as a pension fund manager. The decision is taken by Axis Bank, as the bank is already an established pension fund manager.
IOL Chemicals and Pharmaceuticals: The board approved the subdivision of each share into five.
Prestige Estates Projects: The company signed a business transfer agreement to transfer the hospitality undertaking to its arm, Prestige Hospitality Ventures, for Rs 313 crore.
Utkarsh Small Finance Bank: The bank approved the sale of NPA and written-off loans worth Rs 355 crore at a reserve price of Rs 52 crore to the asset reconstruction company.
Zydus Lifesciences: The company and Sterling Biotech have mutually agreed to extend the deadline for the purchase of the API business of Sterling Biotech from December to March next year.
Newgen Software Technologies: The company executed an agreement with Aye Finance for a loan origination solution for Rs 24 crore.
Zota Healthcare: The company received product registration licenses for Zotamet-1000 (antidiabetic) and CDTEL-40 in Kyrgyzstan.
New Listings
Carraro India: The company's shares will debut on the stock exchange on Monday at an issue price of Rs 704. The Rs 1,250-crore IPO was subscribed 1.12 times on the final day. The bids were led by qualified institutional investors (2.21 times), non-institutional investors (0.6 times), and retail investors (0.71 times).
Senores Pharmaceuticals: The company's shares will debut on the stock exchange on Monday at an issue price of Rs 391. The Rs 582.11-crore IPO was subscribed 93.41 times on the final day. The bids were led by qualified institutional investors (94.66 times), non-institutional investors (96.11 times), and retail investors (89.23 times), with a portion reserved for employees (19.92 times).
Ventive Hospitality: The company's shares will debut on the stock exchange on Monday at an issue price of Rs 643. The Rs 1,600-crore IPO was subscribed 9.8 times on the final day. The bids were led by qualified institutional investors (9.08 times), non-institutional investors (13.85 times), and retail investors (5.87 times), with a portion reserved for employees (9.49 times).
Stocks Going Ex-Trade
Banco Products: The stock will trade on ex-date for 1:1 bonus issue.
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