Stocks To Watch: Sun Pharma, Bharat Forge, UPL, DB Realty, NECC, Adani Ports & More

Hot companies like Restaurant Brands Asia, Adani Ports, Bharat Forge, DB Realty, and NECC are among the top 10 stocks that will probably be on market watchers' attention on Friday, December 8.

Restaurant Brands Asia

On Wednesday, December 6, 2023, PT Sari Burger Indonesia, a subsidiary of the company, signed a facility agreement with Axis Bank Limited, IBU, Gift City, to avail a secured term loan facility up to a maximum of USD 17.54 million. Axis Bank Limited, IBU, Gift City, has an unconditional and irrevocable Standby Letter of Credit (SBLC) from Axis Bank Limited, up to a maximum amount of Rs. 150 Crore or USD 18.07 million, as security for the aforementioned term loan facility.

Adani Ports and Special Economic Zone (APSEZ)

The company is in discussions with Shapoorji Pallonji Group to purchase its Gopalpur Ports in Odisha for an estimated equity value of Rs 1,100-1,200 crore. Furthermore, the proposal for the private placement/preferential issuance of non-cumulative redeemable preference shares and non-convertible debentures in one or more tranches will be considered by APSEZ on December 12, 2023.

RattanIndia Enterprises

The company has been featured in the prestigious December 2023 edition of Fortune 500, which is a significant accomplishment for RattanIndia Enterprises. REL reported revenues of Rs 1,618 crore in Q2FY24, and profit after tax of Rs 141 crore. For the last fiscal (FY23), the company's total income rose by a whopping 717% to Rs 5,160 crore.

Happiest Minds Technologies

Happiest Minds Technologies Limited said that it has won the 8th Annual ISM-INDIA Conference and CPO Awards 2023 as "Procurement Organisation of the Year." Choosing from about eighteen IT company entries, Happiest Minds won the title of "Procurement Organisation of the Year." This award highlights the organization's overall proficiency in carrying out the most fruitful project. Furthermore, it has received recognition for "Excellence in Supply Chain Initiatives."

Container Corporation of India (CONCOR)

A Memorandum of Understanding (MoU) was signed on December 7, 2023, between Container Corporation of India Limited (CONCOR) and NTPC Vidyut Vyapar Nigam Ltd. (NWN) for establishing PV Solar renewable energy projects at CONCOR terminals. The Memorandum of Understanding (MoU) represents NVVN and CONCOR's joint commitment to lowering carbon emissions and advancing the production of renewable energy, therefore improving the environment and advancing global sustainability objectives. This is congruent with the Indian government's aim to reach 500 GW of renewable energy by 2030.

DB Realty

The company's Board of Directors voted on Thursday to approve the proposed name change from "D B Realty Limited" to "Valor Estate Limited," or any other name that may be available and approved by the Ministry of Corporate Affairs, as well as any consequential amendments to the company's Memorandum of Association and Articles of Association to give effect to the name change. The change will be implemented subject to the approval of the company's shareholders through a special resolution and other relevant authorities.

North Eastern Carrying Corporation

The company got the Letter of Acceptance from the Top Central Public Sector Undertaking under the Ministry of Petroleum and Natural Gas, Government of India, GAIL (India) Limited for transportation of polymer under a contract value of s. 52.48 crores for a period of 3 years.

UPL

The company announced incorporation with regards to a new step-down subsidiary viz. Advanta Seeds Zambia Limited effective 05th December 2023. Advanta Seeds Zambia Limited would be a step down subsidiary at Advanta Seed structure under Advanta Enterprises Limited, India in which the company holds 86.67% shareholding. It becomes a related party upon incorporation. The promoter / promoter group / group companies do not have any direct / indirect interest.

Bharat Forge

Kalyani Strategic Systems Limited (KSSL), a wholly-owned subsidiary of the company, is proposing to acquire a majority stake in Zorya Mashproekt India Private Limited ("ZMI") through itself and/or its affiliate/ nominee. The proposed acquisition will be made by Kalyani Strategic Systems Limited (KSSL) with an objective to create indigenous capabilities for design, manufacturing, maintenance repair and overhaul including spare support for all types of gas turbines. The acquisition will be completed by December 31, 2023. KSSL will subscribe to 5,00,000 equity shares of face value Rs. 10/- each of ZMI at fair value. The company will acquire 51% through itself and/ or through its nominees/ affiliates.

Sun Pharma

The company announced Dr. Sapna Purohit, Senior Vice President and Head-HR would retire on February 29, 2024. In view of the retirement of Dr. Sapna Purohit, Mr. Suresh Kumar Rai is appointed as Senior Vice President and Chief Human Resources Officer effective from December 7, 2023. Mr. Suresh Kumar Rai would work closely with Dr. Sapna Purohit until her retirement.