Stocks To Watch Today: Jubilant FoodWorks, NHPC, Gensol, Dixon, Mamata Machinery, Mazagon
Gujarat Fluorochemicals, Choice International, Puravankara and Azad Engineering will also be on the radar.
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Jubilant FoodWorks Ltd., Gensol Engineering Ltd., Allcargo Logistics Ltd., Gujarat Fluorochemicals Ltd. and NHPC Ltd. are among the major stocks that will be in focus on Friday.
The market will also buzz with the listing of five companies — Transrail Lighting Ltd., Mamata Machinery Ltd., Sanathan Textiles Ltd., DAM Capital Advisors Ltd. and Concord Enviro Systems Ltd.
Shares of NMDC Ltd. and Hardwyn India Ltd. will go ex-trade for their bonus issue, while that of Mazagon Dock Shipbuilders Ltd. for stock split.
Stocks To Watch
Jubilant FoodWorks: The company entered into a memorandum of understanding with Coca-Cola India Pvt. to buy the portfolio of sparkling beverage and other products from the company's authorised bottlers.
Gensol Engineering: The company secured an EPC contract worth Rs 897 crore from NTPC Renewable Energy for development of 225 MW grid connected solar PV projects at GSECL Solar Park in Gujarat.
NHPC: The hydropower company revised the loss incurred at its Teesta-V Power Station in Sikkim due to flash floods to approximately Rs 1,076 crore. It also expects that the three units of 250 MW each of the Subansiri Lower HE Project will be completed in May 2025 and the remaining five units will be completed in May 2026 in a phased manner.
Gujarat Fluorochemicals: The board approved the slump sale of a captive power plant to subsidiary IGREL Mahidad Ltd. for Rs 200 crore. GFL will also acquire a 26% stake in promoter-owned Flurry Wind Energy Pvt. for Rs 200 crore.
Choice International: The company has received an in-principle approval from SEBI for setting up a mutual fund. The company would be setting up an AMC and the trustee company.
Dixon Technologies (India): The company’s arm, Dixon Electro Manufacturing, entered into an MoU with Cellecor Gadgets for manufacturing of refrigerators and its related components for Cellecor.
Puravankara: The company received administrative warning from SEBI regarding Pune Projects LLP transaction. The warning is related to omission of obtaining prior approval for transaction with Pune Projects LLP.
Power Mech Projects: The company received a Rs 186-crore order from Jaiprakash Power for field operation and maintenance in Madhya Pradesh.
Azad Engineering: The company will consider raising funds in its board meeting on Jan. 3.
Allcargo Logistics: The company’s LCL volume increased by 1% year-on-year to 7,18,000 cubic metres but declined 4% month-on-month. FCL volume reached 54,000 TEUs in November, reflecting a 9% year-on-year increase but a 6% month-on-month decline. Air cargo volume rose by 11% year-on-year and 13% month-on-month, reaching 2.8 million kilogrammes for November.
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Stocks Going Ex-Trade
NMDC: Shares will trade ex-date for a 2:1 bonus issue.
Hardwyn India: Shares will trade ex-date for a 2:5 bonus issue.
Mazagon Dock Shipbuilders: Shares will trade ex-date for a stock split in the ratio of 1:2.
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Listing Day
Transrail Lighting: The company's shares will debut on the stock exchange on Friday at an issue price of Rs 410. The Rs 838.9-crore IPO has been subscribed 80.80 times on the final day. The bids were led by qualified institutional investors (201.06 times), non-institutional investors (76.41 times) and retail investors (22.07 times), portion reserved for employees (4.07 times).
DAM Capital Advisors: The company's shares will debut on the stock exchange on Friday at an issue price of Rs 283. The Rs 840.3-crore IPO has been subscribed 82.08 times on the final day. The bids were led by qualified institutional investors (166.33 times), non-institutional investors (98.62 times), portion reserved for employees (40.55 times) and retail investors (27.13 times).
Mamata Machinery: The company's shares will debut on the stock exchange on Friday at an issue price of Rs 243. The Rs 179-crore IPO has been subscribed 194.95 times on the final day. The bids were led by non-institutional investors (274.38 times), qualified institutional investors (235.88 times), portion reserved for employees (153.27 times) and retail investors (138.08 times).
Sanathan Textiles: The company's shares will debut on the stock exchanges on Friday at an issue price of Rs 321. The Rs 550-crore IPO has been subscribed 35.12 times on the final day. The bids were led by qualified institutional investors (75.62 times), non-institutional investors (42.21 times) and retail investors (8.93 times).
Concord Enviro Systems: The company's shares will debut on the stock exchange on Friday at an issue price of Rs 701. The Rs 500-crore IPO has been subscribed 10.67 times on the final day. The bids were led by qualified institutional investors (17.32 times), non-institutional investors (14.20 times) and retail investors (5.56 times).