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Market Commentary - Stock Alert
Stock Alert: Ambuja Cements, Piramal Enterprises, Alkem Laboratories, Aurobindo Pharma As on : 18-Dec-24  08:41

Securities in F&O Ban:

Bandhan Bank, Chambal Fertilizers, Granules India, Hindustan Copper, Manappuram Finance, National Aluminum, RBL Bank, PVR Inox shares are banned from F&O trading on 18 December 2024.

New Listing:

One Mobikwik Systems will make debut on bourses today. The IPO was subscribed 119.38 times. The issue was open between 11th December and 13th December 2024. The IPO's price band was between Rs 265 and 279 per share.

Sai Life Sciences shares will list on stock market today. The IPO was subscribed 10.26 times. The issue opened between 11th December and 13 December 2024. The price band of the IPO is fixed at Rs 522'549 per share.

Vishal Mega Mart will make debut on bourses today. The IPO was subscribed 27.28 times. The issue was opened on 11th December and 13th December 2024. The price band of the IPO was fixed between Rs 74 and 78 per share.

Stocks to watch:

Ambuja Cements announced scheme of arrangement of its subsidiaries Sanghi Industries (SIL) and Penna Cement Industries (PCI). For every 100 equity shares of SIL with a face value of Rs 10 each, Ambuja Cements will issue 12 equity shares with a face value of Rs 2 each, to eligible shareholders of SIL.

Piramal Enterprises' administrative committee will hold a meeting on Friday to consider and approve the public issuance of non convertible debentures.

Alkem Laboratories along with its arm Enzene Biosciences entered into a share subscription and shareholders' agreement with Sunsure Solarpark Twenty-Two and Sunsure Energy for equity investment in Sunsure solarpark.

Aurobindo Pharma's wholly owned subsidiary, Apitoria Pharma's active-pharmaceutical ingredient (API) manufacturing plant in Telangana received two observations from US Food and Drug Administration (USFDA).

Jindal Saw entered into an agreement with ReNew Green Energy Solutions to acquire shareholding up to 31.2% stake in ReNew Green MHH One.

Suyog Telematics' board will consider raising funds through equity or any other equity‐linked or convertible securities from various modes.

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