Know which stocks will be in focus today

After the last five days of decline, the Indian stock market has made a strong start this week. BSE Sensex and Nifty 50 recovered more than half a percent on Monday amid positive signals from global markets.

• Sensex: closed at 78,540.17 with a gain of 498.58 points (0.64%).
• Nifty: closed at 23,753.45 with a gain of 165.95 points (1.70%).

Today, due to some major corporate actions and listings, there may be strong movement on some stocks. Let us know about those shares.

Today’s Top Stocks

1. Whirlpool of India and PG Electroplast

• Agreement: PG Electroplast has tied up to manufacture some semi-automatic washing machine models of Whirlpool.
• Manufacturing site: This production will take place in Roorkee factory.
• Other Supplies: PG Electroplast already supplies Whirlpool brand ACs.

2. Ramky Infrastructure

• Warning Letter: NSE and BSE have issued warning letters regarding the delay in the Risk Management Committee meetings.
• Details of the meetings:
  • First meeting: 10 August 2023.
  • Second meeting: 12 February 2024.

3. MMTC

• Warning letter: NSE and BSE issued warning for not holding Stakeholders Relationship Committee meeting in FY24.
• Assurance: The company has assured to follow the rules in future.

4. HG Infra Engineering

• New Deal: HG Infra’s subsidiary has entered into a 185 MW/370 MWh Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam.

5. Muthoot Capital Services

• Major resignations:
  • Thomas George Muthoot: Resignation from the post of Managing Director.
  • Thomas John Muthoot: Resigns as non-executive chairman.
• New Appointments:
  • Tina Suzanne George: Executive Director.
  • Ritu Elizabeth George: Additional Non-Executive Director.

6. Bharat Forge

• Investment approval: Investment of $6.45 crore in subsidiary Bharat Forge America.
• Usage: This amount will be used to repay the loan.

7. TVS Motors

• Stake increased:
  • TVS completed the acquisition of 7,914 equity shares (39.11%) of DriveX.
  • Now TVS’s stake has increased to 87.38%.
  • DriveX has now become a subsidiary of TVS.

8. TVS Holdings

• Acquisition completed:
  • TVS Emerald acquired 100% equity shares and Compulsory Convertible Debentures in Radial (Phase II and III) IT Park.
  • Both these companies have become wholly owned subsidiaries of TVS Emerald.

9. Kirloskar Brothers

• Key resignations: CFO and Vice President (Finance and Accounts) Ravish Mittal resigned on December 23.

10. SPML Infra

• Board meeting:
  • On December 30, the board of SPML Infra will consider the proposal to re-appoint Subhash Chand Sethi as chairman and whole-time director.

11. Allcargo Gati

• estate sale:
  • Approval to sell the fuel station located in Belagavi, Karnataka for ₹ 3 crore.
  • The sale will be completed by January 2025.

12. Dr. Reddy’s Laboratories

• New Subsidiary Company:
  • Dr. Reddy’s sets up a new wholly owned subsidiary in Finland.
  • Name: Dr. Reddy’s Finland.

13. Nava

• Share Split:
  • Shareholders of Nava have approved the split of ₹2 face value shares into ₹1 face value.

14.Indian Bank

• Fine:
  • The Financial Intelligence Unit of the Central Bank of Sri Lanka imposed a fine of ₹5.85 lakh for non-compliance of FTRA rules.
  • The bank has two branches in Sri Lanka.

Bulk Deals

• Avonmore Capital & Management Services:
  • Promoters sold millions of shares, while other investors bought.

Listing and ex-date

• Listing:
  • NACDAC’s ₹35 shares will be listed on BSE SME today.
• Ex-Date:
  • Shares of Vedanta and Digital Infra Trust will trade ex-dividend today.