With benchmark indices finishing higher on Monday, the stock market appeared to be recovering. The NSE Nifty50 increased 165.95 points to conclude at 23,753.45, while the S&P BSE Sensex gained 498.58 points to close at 78,540.17. This increase, which was fuelled by strong performance in banking, metal, and real estate sectors, increased investor wealth by around Rs 3 lakh billion.

Due to recent developments, a number of companies are anticipated to be in focus as trading resumes today. Vedanta, TVS Motor, Wipro, adani Enterprises, and Prestige Estates are a few among them.

Vedanta Ltd. will turn ex-dividend today, december 24. The company announced a fourth interim dividend of Rs 8.50 per share, or Rs 3,324 crore. The dividend will be paid on january 15, 2025, and the record date for identifying eligible shareholders is today. Prestige Estates is in the news because it is reportedly in advanced talks with RC Group and Valour Estate to undertake one of Mumbai's largest cluster redevelopment projects involving public housing colonies.

The Bharat Forge

In an effort to further expand its global operations, Bharat Forge intends to spend $64.50 million in its subsidiary, Bharat Forge America Inc.

TVS Motor

TVS Motor now owns a total of 87.38% of DriveX after completing the purchase of a 39.11% stake in the business. TVS Motor's position in the shared mobility industry is strengthened by this action.

HG Infrastructure

HG Banaskantha Bess, a subsidiary of HG Infra, and NTPC Vidyut Vyapar Nigam have signed a purchase deal for battery energy storage. By securing the long-term purchase of 185 MW/370 MWH, this arrangement improves its capacity for energy storage.

The Symphony

The financing arrangement between Symphony and its Australian subsidiary, Symphony AU Pty, has been modified. An additional AUD 15 million in funding has been added to the deal to assist the business's global activities.

Wipro

Ranjita Ghosh will become Wipro's global chief marketing officer in february 2025, the company stated. It is anticipated that the company's global marketing initiatives would be guided by this leadership transition.

adani Enterprises

The acquisition of air Works, the biggest private aviation maintenance, repair, and overhaul (MRO) services company in India, has been completed by adani Enterprises. The deal was completed for an enterprise value of Rs 400 crore, further expanding adani Group's footprint in the aviation sector.

MIC Electronics

The Competent Authority authorised MIC Electronics to conduct capacity and capability evaluations for LED destination boards and GPS-based passenger information and public address systems (PAPIS) for use in both AC and non-AC coaches.