Today’s top stocks to watch include Wipro, Vedanta, HDFC Bank, GMR Airports, Indus Towers, and other key companies making headlines in the Indian stock market. Let’s break down the latest developments impacting these stocks and how it could influence investor sentiment in the market.

Wipro Acquires Applied Value Technologies

Wipro has announced the acquisition of Applied Value Technologies for $40 million to boost its technology consulting and delivery capabilities. This move aligns with the company’s strategy to expand its expertise in high-demand tech solutions, ensuring steady growth for its IT services arm.

Vedanta Declares 4th Interim Dividend

Vedanta’s board has approved a 4th interim dividend of ₹8.50 per share for FY25, rewarding its shareholders. This update comes as part of the company's consistent efforts to maintain investor confidence through periodic payouts. Investors should closely monitor the ex-dividend date and impact on Vedanta’s stock price post this announcement.

HDFC Bank Receives SEBI Warning

HDFC Bank has been issued a warning letter from SEBI for a delay in disclosing the resignation of one of its senior management personnel (SMP). Delayed regulatory disclosures can impact investor trust and potentially trigger short-term volatility in HDFC Bank’s stock.

Zomato CFO Resigns

In a significant development, Hemal Jain, Head of Business Finance at Zomato, has tendered his resignation. Leadership changes can lead to short-term concerns regarding stability and strategy execution, which might influence Zomato’s share price.

GMR Airports Reports Traffic Surge

GMR Airports has reported a robust growth of 14% YoY in passenger traffic for November. Additionally, aircraft movements rose by 8%. This positive trend indicates strong recovery and growth momentum in the aviation sector, benefiting GMR Airports’ financial performance.

Indus Towers Gains from ITAT Order

An ITAT order favoring Indus Towers regarding depreciation stance linked to its merger has provided a significant relief to the company. This could positively influence investor sentiment and earnings outlook for the stock.

Specialty Restaurants Expands Presence

Specialty Restaurants launched a new restaurant brand named Bizarre Asia in Kolkata. The company continues to expand its footprint in the hospitality sector, adding to its portfolio of innovative dining experiences.

Nitco Bags Significant Orders

Nitco has secured an order worth ₹105 crore from Prestige Estates. The company also expects additional orders worth ₹104 crore in the coming months, marking a steady pipeline for its business growth.

Patanjali Foods Commences Oil Processing

Patanjali Foods announced the commencement of its oil processing mill in Arunachal Pradesh. This move enhances the company’s production capabilities and aligns with its broader growth strategy in the food processing sector.

RVNL Gets LOA for Metro Project

RVNL has received a Letter of Award for a ₹270 crore project from Maharashtra Metro Rail Corporation. This project boosts RVNL’s order book and reaffirms its strong presence in the infrastructure segment.

Mankind Pharma Launches QIP

Mankind Pharma has launched a QIP (Qualified Institutional Placement) to raise ₹3,000 crore at a floor price of ₹2,520 per share. This fundraising will help strengthen the company’s financials and fuel future growth initiatives.

HCC to Raise Funds

HCC plans to raise up to ₹600 crore via QIP at a floor price of ₹43.01 per share. This development reflects the company’s strategic steps to enhance capital and reduce financial stress.

Mindspace REIT Stake Sale

Mindspace REIT may witness ADI selling its 9.2% stake through a block deal. The floor price is set at ₹350 per share, which could influence the stock’s near-term price movements.

Religare Gets SEBI Nod for Ownership Change

Religare Enterprises has received SEBI approval for its ownership change post an open offer. Additionally, SCN from IRDAI to CARE Insurance has surfaced, highlighting regulatory changes within the group.

Allcargo Terminals CFS Volumes Decline

Allcargo Terminals reported a 4% MoM drop in Container Freight Station (CFS) volumes for November, but volumes were still up 1% YoY. Investors should analyze whether this is a short-term hiccup or part of a broader trend.

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The Current active IPO is NACDAC Infrastructure, International Gemmological and Hamps Bio.

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