Stocks to watch: The domestic equity market is expected to open flat on Tuesday, December 24. At 8:03 AM, the GIFT NIFTY futures were trading at 23,768.00, down 34.50 points, or 0.14%.
On the global front, Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high, helped by elevated US Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025.
In the overnight trade, Wall Street's main indexes all ended higher, with both the Dow Jones Industrial Average and the Nasdaq Composite making it three straight wins, aided by gains by many of the so-called Magnificent Seven tech stocks on a holiday-thinned trading day.
Here is a list of stocks that may remain in focus today.
Vedanta:
Vedanta shares will trade actively as the stock turns ex-dividend today. The mining major declared a dividend of ₹8.50 per equity share with a face value of ₹1, and the record date for eligibility is Tuesday, December 24.
MMTC: The company informed stock exchanges that it had received warning letters from NSE and BSE dated December 12 due to the non-holding of the stakeholders' relationship committee in 2023-2024.
Ramky Infrastructure: The company received a warning letter from BSE and NSE on December 20 for taking all the requisite steps in the future to ensure that the gap between two consecutive risk management committee meetings is not more than 180 days.
HG Infra: The company informed stock exchanges that HG Banaskantha Bess Private Limited, a wholly owned subsidiary of HG Infra Engineering Limited, 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.
TVS Motor Company: TVS Motor Company has completed the acquisition of a 39.11% stake in DriveX Mobility for ₹97.78 crore. With this acquisition, TVS Motor’s holding in DriveX has increased to 87.38%, making DriveX a company subsidiary.
Whirlpool, PG Electroplast: Whirlpool of India Limited and PG Electroplast have signed a definitive agreement for contract manufacturing of select models of Whirlpool-branded semi-automatic washing machines. Under the arrangement, PGEL will manufacture some of the SKUs for Whirlpool at its factory in Roorkee.
PGEL is already an existing supplier of Whirlpool-branded air conditioners, and both companies will continue to evaluate the potential expansion opportunities.
Bharat Forge: Kalyani Investment Company, one of the promoter group entities of Bharat Forge, has settled a case with SEBI about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.
Kalyani Investment Company Ltd. (KICL), a listed entity, is part of the over $2.5 billion Kalyani Group.
The order came after the applicant (Kalyani Investment Company) proposed to settle the instant proceedings initiated against it without "admitting or denying the facts and conclusions of law" under the Sebi's settlement regulations.
Besides, the company will infuse $64.5 million into its arm, Bharat Forge America.
BEL:
Bharat Electronics Ltd. (BEL), the Navratna PSU, announced that the company has won new orders worth ₹973 crore since its previous disclosure two weeks ago on December 9. Post this order win, BEL has now won orders worth ₹9,801 crore so far in 2025.
Aster DM Healthcare: The company informed exchanges that Nalanda Jayadev has been appointed as chief executive officer, while Aster Medcity Kochi will take over as senior consultant for forensic medicine, effective December 23.
Kirloskar Brothers: Ravish Mittal has resigned from the position of chief financial officer and KMP due to personal reasons.
Vraj Iron and Steel: The company successfully started commercial operation of a sponge iron plant on Monday at Village Dighoia, near Bilha Mode, Tehsil-Takhatpur, Dist. Bilaspur.
Bansal Wire Industries: The company, in its filing to stock exchanges, announced its new product in the name of "Hose Wire (Brass Coated Hose Reinforcement Wire)" on December 23, 2024.
Zaggle Prepaid Ocean Services: The company raised ₹595 crore via qualified institutional placement (QIP). It allotted 1.14 crore shares at an issue price of ₹523.2 per share, which indicates a 5% discount to the floor price.
(With inputs from Reuters)
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