On December 26, 2024, several stocks are in the spotlight due to significant announcements and developments across industries. Here are the key updates:
Key Stocks in Focus
- Welspun Corp stock: Welspun Corp has secured a ₹130 crore order from Saudi Arabia for steel pipes and coating. This highlights the company’s robust international business and growth potential.
- NALCO stock: NALCO signed a mining lease deed for the amalgamated Utkal-D and Utkal-E coal blocks, boosting coal production capacity to 4 MTPA and enhancing its operational efficiency.
- CG Power stock: The company has incorporated Axiro Semiconductor in the USA, strengthening its presence in the global technology and semiconductor sectors.
- Panacea Biotec stock: Panacea Biotec secured a UNICEF contract worth $14.95 million to supply 115 million doses of its bivalent oral polio vaccine (bOPV) in FY2025, reaffirming its position as a trusted vaccine supplier.
- Ramky Infrastructure share: The company received a ₹215.08 crore order from Hyderabad Metropolitan Water Supply and Sewerage Board, boosting its urban infrastructure portfolio.
- Max India stock: Max India approved the sale of three floors at Max Towers, Noida, for ₹105.08 crore, reflecting strategic asset optimization.
- Ultratech Cement share: Ultratech Cement announced that India Cement has officially become its subsidiary, effective December 24, 2024.
Other Key Updates
- Redington stock: Partnered with Tunga Aerospace to drive UAV innovation in India.
- Refex Industries stock: Plans to divest up to 33% equity in its subsidiary, Venwind Refex Power Limited.
- Ceigall India share: Its arm signed a concession agreement with NHAI for a ₹981 crore project.
- Transport Corporation of India stock: Will sell its chemical logistics business to TCI Chemlog Private Limited for ₹45 crore.
- Western Carrier stock: Received a ₹8 crore work order from TATA International Ltd.
- Walchandnagar share: Secured a ₹44.95 crore order from Fluorine Korea Co. Ltd.
- Seamec stock: Signed a charter agreement to deploy “SEAMEC III” for diving operations off India’s East Coast.
- Afcons share: Won the Global MIKE Award and IEI Industry Excellence Award.
- Hester Biosciences stock: COO Dr. Ram Prakash resigned.
- Bharat Forge share: Announced a €39 million investment in Bharat Forge Global Holding GmbH and a $64.50 million infusion into Bharat Forge America Inc.
- Indian Oil stock: Plans to invest ₹61,000 crore in a naphtha cracker project in Paradip, Odisha.
- Gland Pharma share: Received 10 observations from ANSM France for its manufacturing facility in France, raising compliance concerns.
- BPL stock: The Supreme Court ordered BPL to remit ₹72 crore to M/s Morgan Securities and Credits Private Limited by December 25, 2024.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.