Top Stocks to Watch on December 11: Reliance, Adani Ports, and More

Sandip Raj Gupta

    11/Dec/2024

What's covered under the Article:

  1. Reliance gets NCLT nod for its Karkinos Healthcare resolution plan, making headlines.
  2. NTPC Renewable bags a 500 MW solar contract in a key auction by SECI.
  3. Vodafone Idea to issue ₹1,980 crore worth of preference shares to Vodafone PLC.

Reliance's arm has secured approval from the National Company Law Tribunal (NCLT) for the resolution plan of Karkinos Healthcare. This marks a key development in the company's healthcare investments, signaling growth in this segment.

Adani Ports has decided to withdraw its financial request to the US Development Finance Corporation (DFC) for funding its Colombo project. The company plans to fund the project using internal accruals, reflecting strong financial health and confidence in its cash flows.

Shriram AMC has issued preference shares worth ₹105 crore to Sanlam, acquiring a 23% equity stake. This transaction classifies Sanlam as a promoter, which may bolster future growth plans.

India Ratings has revised the rating outlook for Jubilant Pharmova from Negative to Stable, reflecting improved operational and financial performance. This upgrade could attract increased investor interest.

NTPC Renewable Energy has won a 500 MW solar power contract in the SECI auction. This move aligns with the company's strategy to expand its renewable energy portfolio, strengthening its leadership in clean energy initiatives.

Vodafone Idea has announced plans to issue preference shares worth up to ₹1,980 crore to its promoter, Vodafone PLC. This capital infusion is expected to address liquidity challenges and support its operational requirements.

LTIMindtree has partnered with GitHub to accelerate AI-driven software engineering. This collaboration highlights the company's commitment to innovation and cutting-edge technology solutions.

HG Infra has secured a Letter of Award (LoA) from the Ministry of Road Transport and Highways (MoRTH) for a HAM project worth ₹763.1 crore. This project win reinforces the company's presence in the infrastructure sector.

BEML has bagged an order worth ₹83.5 crore from the Ministry of Defence. This contract adds to the company’s portfolio of defense manufacturing capabilities, highlighting its robust relationship with the ministry.

Reports suggest that Biocon is planning to sell a 2% stake in Syngene via block deals, with an issue price set at ₹825 per share. This move might unlock value for Biocon and attract institutional buyers.

Senco Gold has launched a Qualified Institutional Placement (QIP) with a floor price of ₹1,139.5 per share. This offering is expected to raise funds for expansion and operational improvements.

Sources indicate that Bisque, Link Investment, and Peak XV Partners will sell a 12.2% stake via block deals. The floor price for these transactions is set at a 5.5% discount, creating potential market activity.

These stocks reflect diverse sectors, from renewable energy to healthcare and infrastructure. Tracking these developments will provide valuable insights for investors and traders alike.

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