NALCO, BPCL, Gland Pharma, Panacea Biotec, Ramky Infra, Ceigall India, and Manorama are stocks to keep an eye on today, December 26
Let's update ourselves on the recent happenings in the stock market. From noteworthy investments to significant transactions, contract wins, and acquisitions, here's a brief overview of which stocks will attract attention in today's trading session:
Stocks To Monitor
NALCO has finalized a mining lease agreement with the district Collector of Angul for the combined Utkal-D and Utkal-E coal blocks. This initiative aims to boost coal production capacity to 4.0 MTPA, thereby enhancing fuel security for its captive power plant. The lease is effective until april 21, 2051.
France's drug regulatory authority, Agence Nationale de Sécurité du Médicament et des Produits de Santé (ANSM), carried out a Good Manufacturing Practices (GMP) inspection of Cenexi's manufacturing facility in Fontenay, a key subsidiary of Gland Pharma, from december 9 to 19. The inspection revealed 10 observations, and Cenexi is dedicated to collaborating with ANSM to resolve these issues.
The company has received a letter of Award from UNICEF for the delivery of 115 million doses of its bivalent oral polio vaccine (bOPV), which is valued at $14.95 million (around Rs 127 crore), for CY2025.
The company has obtained a letter of Acceptance from the hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) for a project valued at Rs 215.08 crore. This project entails the management, operation, and maintenance of sewage treatment plants (STPs) and their associated interception and diversion under the jurisdiction of HMWSSB for a five-year term.
The subsidiary of the company, Apollo Healthco, is set to acquire the operational business, software, intellectual property, and all related assets and liabilities of Searchlight health on a going-concern and slump-sale basis for Rs 67.5 crore.
The company’s subsidiary, Ceigall ludhiana bathinda Greenfield Highway, has signed a Concession Agreement with the National Highways Authority of india for a project worth Rs 981 crore. This initiative includes the construction of a six-lane access-controlled highway segment from ludhiana to bathinda as part of the Ludhiana-Ajmer Economic Corridor under Bharatmala Pariyojna Phase-I (Package-2).
The Board has authorized the infusion of €39 million by Bharat Forge into its subsidiary, Bharat Forge Global Holding GmbH. These funds are designated for debt repayment.
The company has clarified media speculations regarding China's Hisense intending to acquire a 26% stake in its subsidiary, indicating that discussions are currently in the initial phase.
The company has formalized an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to procure a 26% equity interest in Clean Max Sapphire, a firm involved in renewable energy generation and transmission. This acquisition is intended to satisfy UltraTech's green energy requirements, optimize energy expenses, and adhere to regulatory obligations for captive power consumption. Additionally, UltraTech has finalized the acquisition of a 32.72% stake in The india Cements, raising its total ownership to 55.49%, which establishes india Cements as a subsidiary of UltraTech.
The company has announced a temporary halt in operations at its goa facility for maintenance, commencing on december 25.
The company has been awarded an arbitration ruling mandating its subsidiary, Cowtown Infotech services, to pay Rs 40 crore (plus interest) to a vendor concerning a terminated contract. Cowtown Infotech services intends to appeal the ruling in a suitable forum. bpcl has been awarded the lowest bid for a 150 MW ISTS-connected solar photovoltaic power project from NTPC. This project will be executed over a period of two years with an estimated investment of Rs 756.45 crore and is anticipated to generate about Rs 100 crore in annual revenue by producing roughly 400 million units of clean energy. The company’s subsidiary, Religare Broking, which is registered as a Depository Participant, has obtained approval from SEBI regarding alterations in shareholding, control, and management. The Board has appointed Manisha Chandalia as the Chief Financial Officer (CFO) of the company, effective december 24. The company has invested Rs 22.94 crore on a rights basis in Aditya Birla health Insurance Company, maintaining the same percentage of shareholding, as Aditya Birla health Insurance remains an associate of Aditya Birla Capital.
In bulk deals, promoter Gateway Distriparks acquired nearly a 1% stake in Snowman Logistics at an average price of Rs 75.45 per share. The Smart Horizon Opportunity Fund purchased a 0.68% stake in the company at an average price of Rs 405 per share, whereas promoter Visisth services divested a 2.08% stake at an average price of Rs 405.83 per share. In block deals, lic Mutual Fund, Aditya Birla sun Life Mutual Fund, and bank of india Mutual Fund collectively acquired a 3.05% stake in manorama Industries at an average price of Rs 1,100 per share, totaling Rs 200 crore. This stake was sourced from promoters Shrey ashish Saraf, Vinita ashish Saraf, and agastya Saraf, as well as public shareholder Ritu Saraf.
The SME listing is scheduled for december 26 for Identical Brains Studios. Stocks are trading ex-date for income distribution from Intelligent Supply Chain Infrastructure Trust. Additionally, shares are trading ex-bonus for Aayush Wellness and Evans Electric. RBL bank is currently under F&O ban.