The stock market on Thursday, December 12, 2024, highlights several critical developments influencing investor sentiments. Below is a detailed analysis of the top stocks to watch today, categorized based on positive and negative news.

Positive Developments

1. Vedanta Limited

   • The company will consider its 4th interim dividend for FY25 during its board meeting on December 16.
   • This development is expected to boost investor confidence due to consistent returns.

2. Grasim Industries

   • Plans to raise up to ₹2,000 crore via non-convertible debentures (NCDs).
   • This will strengthen its financial position and facilitate future growth.

3. Gland Pharma

   • Received US FDA approval for an injection used in treating blood clotting disorders.
   • This milestone reinforces its position in the pharmaceutical market.

4. Indian Overseas Bank (IOB)

   • Secured an Income Tax refund of ₹808 crore for AY 2013–14.
   • The refund boosts its profitability and liquidity.

5. Reliance Power

   • An arm of the company won a 930 MW solar energy contract from SECI, emphasizing its renewable energy focus.

6. Greaves Cotton

   • To sell shares through an offer-for-sale (OFS) in the IPO of its electric mobility arm, highlighting its focus on electric vehicles.

7. Varroc Engineering

   • The Singapore Tribunal passed an order in the matter of Beste Motors Company, bringing clarity to its legal matters.

8. Neuland Laboratories

   • Sources reveal that 3.8% equity will be sold via block deals, likely attracting institutional interest.

9. Waaree Energies

   • Received a Letter of Award (LoA) for developing a 170 MW solar power plant in Madhya Pradesh, reinforcing its leadership in renewable energy.

10. Afcons Infrastructure

    • A joint venture bagged a ₹503 crore project for a water supply initiative in Rajasthan, furthering its EPC credentials.

11. Acme Solar Holdings

    • Secured a 250 MW solar project from NHPC at a tariff of ₹4.56/unit, expanding its renewable portfolio.

12. Nuvama Wealth

    • Edelweiss Group may sell its entire 7.1% equity stake via block deals, signaling potential shifts in ownership structure.

Negative Developments

1. Gopal Snacks

   • A fire accident occurred at a production unit in Rajkot, though no casualties were reported.
   • The incident may affect short-term production and operations.

2. Tata Chemicals

   • Allied Silica and its promoter filed an arbitration claim of ₹908 crore against Tata Chemicals.
   • This development raises legal and financial uncertainties for the company.

Key Takeaways for Investors:

• Dividend and Fundraising Updates: Vedanta’s dividend announcement and Grasim’s fundraising plans are key opportunities for shareholders.
• Renewable Energy Gains: Companies like Reliance Power and Waaree Energies are expanding solar portfolios, which align with green energy trends.
• Sector Challenges: Negative news, such as Gopal Snacks’ fire and Tata Chem’s legal issues, might impact short-term performance.

Stay tuned for further updates on these stocks as they drive market movements today. Bold moves in key sectors like renewable energy, pharmaceuticals, and finance are setting the tone for December 12, 2024.

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