On Tuesday, December 10, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to open cautiously followed by mixed global market cues. Check out a few stocks that might be in focus during the trading session.
Vodafone Idea board has approved a fundraising plan worth ₹1,980 crore through a preferential issue to promoter group entities, Omega Telecom Holdings and Usha Martin Telematics. These entities will receive shares worth ₹1,280 crore and ₹700 crore, respectively. The issuance involves 1.75 billion equity shares at ₹11.28 per share, with a face value of ₹10 each.
PFC raised ₹6,252 crore through bond issuances with different maturities. This included ₹3,200 crore via 15-year bonds at a 7.11% coupon and ₹3,052 crore via 10-year bonds at a 7.10% coupon.
JSW Steel reported consolidated crude steel production of 23.23 lakh tonnes for November, a 5% increase year-on-year. Production at Indian operations grew 7% YoY, with capacity utilisation reaching 94% for the month.
C.E. Info Systems, the parent company of MapmyIndia, cancelled its plans to invest in a new mapping services firm being set up by its outgoing CEO.
Tata Motors has announced a 3% price hike across all vehicle segments, reflecting adjustments for rising input costs and market conditions.
BEL secured a ₹634 crore order for the maintenance of the Akash Missile System, along with other communication equipment, jammers, and electronic voting machines. BEL’s total orders for FY25 now stand at ₹8,828 crore.
Metropolis Healthcare board has approved the acquisition of Core Diagnostics, a specialised cancer diagnostics firm, valuing the deal at ₹246.8 crore.
Prime Minister Narendra Modi launched the “Bima Sakhi Yojana,” an initiative by LIC to enrol 1,00,000 women as Bima Sakhi agents within a year, empowering women financially.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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