Stocks To Watch: Tata Motors, JSW Steel, BOI, Adani Enterprises, Zomato & More

On Monday, December 11 hot stocks like Adani Enterprises, Zomato, Tata Motors, Adani Energy and JSW Steel are among the top 10 stocks that are likely to be in focus of the market watchers.

JSW Steel

JSW Steel Ltd. declared that it is a part of both the DJSI Emerging Markets Index and the DJSI World Index. The company moved up to the top two spots internationally in the steel industry after participating in the 2023 S&P Global Corporate Sustainability Assessment (CSA), which was used to establish the Dow Jones Sustainability Index. The company achieved a score of 99th percentile.

Tata Motors

With effect from January 1, 2024, Tata Motors has stated that the price of its commercial vehicles would increase by up to 3%. The price rise will apply to all commercial vehicles and is intended to counteract the residual effect of past input costs.

Adani Energy

Significant leadership changes have recently taken place at Adani Energy Solutions Limited (AESL) in order to further the expansion of Adani Infrastructure India Limited. The firm said in an official exchange filing that Bimal Dayal, who currently leads the Transmission division, has been named CEO of Adani Infrastructure India Limited.

Adani Enterprises

Adani Enterprises completes the acquisition of the remaining 51% stake of Quintillion Business Media Limited (QBML) by AMG Media Networks Limited (AMNL), a wholly owned subsidiary of Adani Enterprises Limited with a cash consideration of Rs. 52.45 Crore in accordance with the terms of the MoU and SPA. Accordingly, QBML has become a wholly owned subsidiary of the company.

Zomato

SVF Growth (Singapore) Pte Ltd, a venture capital firm owned by SoftBank, has made a noteworthy step by quitting the well-known online meal delivery service Zomato. According to exchange statistics, the stake sale comprised a transaction of 9.36 crore shares at a trade price of Rs 120.5 per share, for a total value of Rs 1,127.51 crore.

Bank of India

On Friday, December 8, the state-owned lender said that there was a 4.11 times oversubscription for its qualified institutions placement (QIP). A total of 104 bids totalling Rs 18,483.30 crore were received by the bank. With a base issue size of Rs 2,250 crore and a green shoe option of Rs 2,250 crore, the public sector bank sought to raise Rs 4,500 crore through the QIP.

Mazagon Dock

For the part replacement of Pipeline Project (PRPP) on a turnkey basis, Oil and Natural Gas Corporation Limited (ONGC) has placed a notice of award of contract on Mazagon Dock Shipbuilders Limited on December 07, 2023. The total lump sum price of INR 11,45,10,47,012.06 (INR Eleven Hundred Forty-Five Crores Ten Lakhs Forty-Seven Thousand and Twelve and Six Paisa only) includes all taxes and duties.

PSP Projects

In the Rs 296.85 crore "Construction and Maintenance Agency (CMA) for Human and Biological Science Gallery" project at Science City, Ahmedabad, Gujarat, the company has come in as the Lowest (L1) Bidder. After taking into account the aforementioned, the total value of the projects for which the company is the lowest bidder for the fiscal year 2023-2024 is Rs 1063.86 crores. In addition to the work orders received till date amounting to Rs 1060. 30 Crores for the financial year 2023-24, as per a stock exchange filing.

Bharat Petroleum Corporation

On December 8, BPCL and Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Bharat Petroleum CorTata Motors, inked a Memorandum of Understanding (MoU) mandating the installation of 7,000 electric vehicle (EV) charging stations throughout India by 2024.

Indian Renewable Energy Development Agency

The Indian Renewable Energy Development Agency Limited (IREDA) announced the opening of its retail section on December 5th, according to Shri Pradip Kumar Das, Chairman and Managing Director of IREDA. This strategic strategy aims to increase the focus on lending to consumers in various business-to-consumer (B2C) sectors, Rooftop Solar, and the PM-KUSUM programme.