These 4 stocks closed above VWAP on December 23
A shift above the VWAP suggests a potential bullish trend, according to StockEdge.com's technical scan data.
A shift above the VWAP suggests a potential bullish trend, according to StockEdge.com's technical scan data.
Shyam Benegal, the legendary Indian filmmaker, has passed away at 90. He died at Wockhardt Hospital in Mumbai after suffering from chronic kidney disease. Tributes from prominent leaders, including President Droupadi Murmu and Prime Minister Narendra Modi, and various film industry personalities, have poured in, acknowledging his immense contributions to Indian cinema.
Adani Enterprises shares are likely to attract attention today as its subsidiary, Adani Defence Systems and Technologies (ADSTL), has acquired an 85.8% stake in Air Works India (AWIEPL) for Rs 400 crore. The company announced that ADSTL signed a Share Purchase Agreement (SPA) on December 23, 2024, with AWIEPL and its existing shareholders to acquire the majority stake.
TVS Motor Company completed the acquisition of a 39.11% stake in DriveX Mobility, increasing its total stake to 87.38%, making DriveX a subsidiary. DriveX, founded by Narain Karthikeyan, is a digital platform for pre-owned two-wheelers. TVS shares rose 21.35% over the past year but fell 16% in the last 3 months, closing at Rs 2,388.15.
One of the key focus areas in our strategy is the premiumization of our client portfolio. We continue to make investments in growing our affluent business through the Burgundy Private & Burgundy segments to increase our market share.
Strengthening of ecosystem through necessary regulatory changes will enhance customer safety and transparency, which in turn will increase customer confidence and trust. Also, continuous product innovation can provide a plethora of investment opportunities and attract new investors.
Bharat Forge sharesBharat Forge announced a $64.50 million infusion into its wholly owned subsidiary, Bharat Forge America (BFA). The funds will be used for BFA's internal investments and the repayment of outstanding borrowings. Despite a 7.9% annual rise, Bharat Forge shares have fallen 26% in the last six months, closing 1.3% higher at Rs 1,296.40 on Monday.
ICICI Securities maintains a buy call on PTC Industries, setting a target price of Rs 20,070. PTC recently acquired Trac Precision Solutions, enhancing its capabilities in complex castings, particularly for the aerospace sector. This acquisition strengthens India's engine-manufacturing technology and supports the nation's indigenization efforts. The stock currently trades at Rs 11,952.65.
French President Emmanuel Macron has formed a new government led by Prime Minister Francois Bayrou, after the collapse of the previous Cabinet. The new lineup consists of 35 ministers, including prominent figures such as Elisabeth Borne, Manuel Valls, and Gerald Darmanin. The first Council of Ministers will be held on January 3.
Mamata Machinery IPO allotment likely finalizes today, with shares allocated on a lottery basis. Investors can check status via BSE or Link Intime India’s website. The IPO received 194 times overall subscription. Shares list on December 27 with a GMP of Rs 260, reflecting a 107% premium.
NACDAC Infrastructure's shares are debuting on the NSE SME platform today with a grey market premium of Rs 52. The company's IPO, which sought Rs 10 crore, saw massive interest, getting nearly 2000 times subscription. NACDAC specializes in civil and structural services and has executed 63 projects worth Rs 96.74 crore.
Ben Stokes, England's men's cricket captain, will be out of action for three months due to a hamstring injury sustained during the Test series against New Zealand. Stokes will undergo surgery in January and hopes to return for the one-off Test against Zimbabwe in May. His Test career is expected to remain largely unaffected.
Ventive Hospitality's IPO was successfully subscribed across various categories by the second day, with proceeds aimed at debt repayment and corporate purposes. The IPO, priced at Rs 610-643 per share, is regarded as a long-term investment opportunity in the luxury hotel business, with its hospitality assets primarily in India and the Maldives.
The response to the Carraro India IPO has been lukewarm, with only 22% of the offering subscribed during the first two days of bidding. None of the categories were fully subscribed, with the retail segment receiving the highest bids at 35%.
A government panel could not reach a consensus on the national security risks of Nippon Steel's nearly $15 billion acquisition of U.S. Steel, leaving the final decision to President Joe Biden. Both Biden and Trump had previously opposed the deal due to potential impacts on American steel production and jobs.
Registrations, which opened on Monday at 6 pm, will allow those who are interested to witness the launch live, to view it at the Launch View Gallery. ISRO had said on Saturday that it moved PSLV-C60 to the first launch pad in Satish Dhawan Space Centre, Sriharikota.