Stock market today: The domestic equity market was trading with marginal gains in the afternoon deals on Tuesday, December 24.
At 1:18 PM, the S&P BSE SENSEX was trading at 78,628.92, up 89 points, or 0.11%, while the NSE's NIFTY50 index was trading at 23,780.25, up 26.80 points, or 0.11%.
Here is a list of stocks that are buzzing in today's trade.
Tata Investment Corporation, Tata Motors, and other Tata Group stocks: Shares of
Tata Investment Corporation (TICL) jumped as much as 13.5% to ₹7,411 apiece on the NSE on Tuesday, December 12, amid reports that Tata Capital is preparing to launch around a ₹15,000 crore IPO.
Tata Capital is a subsidiary of Tata Sons, and Tata Investment Corporation, as per publicly available information, is one of Tata Sons' largest shareholders.
Other Tata Group stocks, too, were trading in the green.
For instance, Tata Motors shares were trading 2% higher at ₹736.70 apiece on the NSE. Tata Chemicals was up 4.3% at ₹1,078.80, while Tata Technologies was also trading 2.55% higher at ₹912.05.
In October, the Reserve Bank of India (RBI) approved the merger of Tata Capital, an unlisted entity, with Tata Motors Finance (TMFL), paving the way for the formation of India’s 12th largest non-banking finance company.
READ MORESagility India: Shares of Sagility India were locked in the 5% upper circuit band at ₹48.91 apiece on the BSE. The stock has rallied over 13% in the past one week, as per the BSE data.
According to news reports, global brokerage firm JP Morgan is positive on the stock.
The brokerage highlighted Sagility's strong positioning in the niche healthcare services segment, catering largely to non-discretionary spending, which provides a stable growth outlook even in uncertain market conditions.
JPMorgan emphasised that Sagility is well-placed to benefit from secular tailwinds, particularly due to the increasing trend of outsourcing in the US healthcare sector.
Vedanta: Shares of Vedanta Ltd, the mining conglomerate, slipped as much as 3.04% to ₹458.70 apiece on Tuesday, December 24, as the stock turned ex-dividend today.
On December 16,
Vedanta announced that its board had approved the fourth interim dividend of ₹8.5 per equity share for the financial year 2024-25, amounting to approximately ₹3,324 crore.
HG Infra Engineering: Shares of HG Infra Engineering rallied as much as 5.6% to ₹1,542.05 apiece on the BSE, as HG Banaskantha Bess, a wholly owned subsidiary of the company, entered into a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam on December 23, 2024, for the procurement of 185 MW/370 MWh on a long-term basis.
Whirlpool of India, PG Electroplast: Shares of PG Electroplast Ltd gained over 5% on Tuesday, December 24, after the company signed a contract to manufacture semi-automatic washing machines for Whirlpool of India Ltd.
The stock rose as much as 5.4% on the National Stock Exchange of India to hit an intraday high of ₹1,002 apiece, compared to its previous close of ₹950.85 apiece.
Whirlpool of India shares were trading over 2.2% higher at ₹1,892.85 apiece on the BSE.
Greaves Cotton: Shares of diversified engineering company Greaves Cotton surged as much as 13.2%, as the company's material subsidiary Greaves Electric Mobility Limited filed preliminary papers to raise funds via IPO.
The initial share sale will be a fresh issuance worth ₹1,000 crore and an offer-for-sale (OFS) of up to 51,000,000 by Greaves Cotton and up to 138,398,200 shares by Abdul Latif Jameel Green Mobility Solutions DMCC.
Symphony: The stock was trading around 2% higher at ₹1,309.25 apiece on the BSE after the company, in its filing to stock exchanges, announced that the company had received the highest-ever off-season advance collection to bill in the off-season. "The company is currently sitting on the highest-ever record unbilled advance collection, mainly towards these new models," it said.
Amber Enterprises: Amber Enterprises shares were trading 7.24% higher at ₹7,390 apiece on the BSE. As per news reports, the company is looking to demerge its electronics division.
Amber Enterprises might float an IPO of the electronics division after the demerger is completed, CNBC-TV18 reported, citing sources.
Siemens: The stock was trading over 3.6% lower at ₹6582.90 on the BSE. Shares of the company have slipped over 14% in the past five days. Shares have been on a losing spree after the company's management lowered expectations on HVDC orders in India in a recent analyst call.
Siemens’ management stated in an analyst call that the company expects a slowdown in railway order flow and private capex (capital expenditure).
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