PVR INOX, PB Fintech, Hero MotoCorp, M&M Financial, and Other Stocks to Monitor

Stocks To Watch Today: The US Federal Reserve’s accommodating prognosis for 2024, which includes expected rate decreases starting in the next year, gave investors hope. By the end of trading on Thursday, the Nifty had gained 256.40 points, or 1.23 percent, to 21,182.70, while the Sensex had gained 929.60 points, or 1.34 percent, to 70,514.20.

equities to monitor today, December 15,

PVR INOX: Multiples Private Group and Plenty Private Group are reportedly contemplating selling a 2.33 percent share in the cinema network. According to CNBC-TV18, the indicated offer price is expected to be between Rs 1,750 and Rs 1,769.5 per share, with a possible offer amount of Rs 404.5 crore.

State Bank of India: The biggest public sector lender in the nation has completed the deal paperwork to purchase 3,70,644 shares, or 6.35 percent, of Canpac Trends. This business specializes in offering packaging options made of paper. The purchase price per share is Rs 1,349, and the deal is estimated to be worth about Rs 50 crore.

Hero MotoCorp: The nation’s biggest two-wheeler maker plans to pay up to Rs 140 crore to purchase an extra share from an existing shareholder in its affiliate firm, Ather Energy. Hero will hold 39.7 percent of Ather Energy after this acquisition, up from 36.7 percent. It is anticipated that the share purchase will be completed by January 31, 2024. Moreover, starting of March 1, 2024, Hero has appointed Vivek Anand as the Chief Financial Officer (CFO). For the preceding four years, Vivek worked at DLF as the CFO. In addition, Rachna Kumar, who formerly held this position at Whirlpool Asia, has been named Chief Human Resources Officer (CHRO).

Paisabazaar Marketing and Consulting Private Ltd was visited by income tax officers on December 13 and 14, 2023, according to PB Fintech, a financial services platform. As to PB Fintech’s regulatory filing, the authorities requested details pertaining to certain suppliers connected to Paisabazaar.

Texmaco Rail and Engineering: The Adventz group’s engineering division said that it has obtained a work order from the Ministry of Railways for Rs 1,374.41 crore.

Genus Power Infrastructures: The business said on Thursday that it has received a Letter of Award for Rs 1,026.31 crore for its wholly-owned subsidiary. The award relates to Advanced Metering Infrastructure Service Provider Appointment, which includes Advanced Metering Infrastructure System Design.

M&M Financial Services: As a corporate agent, the non-banking finance firm is now able to pursue further commercial activities such as obtaining and soliciting insurance business, thanks to clearance from its Board of Directors. This covers both group and individual coverage for things like life, health, and general insurance. But before this can happen, you need to get the go-ahead from the Insurance Regulatory and Development Authority of India (IRDAI) and make sure the RBI and other regulatory bodies don’t protest. Meanwhile, Rajesh Vasudevan has resigned from his positions as the company’s Senior Management Personnel (SMP) and Chief Compliance Officer (CCO), alleging the pursuit of personal interests. His resignation will take effect on January 13, 2024, at the end of business hours.

The government-owned shipbuilding company Mazagon Dock Shipbuilders in Kochi recently revealed SaurShakti, the fastest solar-electric boat in India. NavAlt Solar Electric Boat, Kochi, and Mazagon Dock Shipbuilders collaborated to create this cutting-edge boat.

Bharat Heavy Electricals: To cooperate on technological development, BHEL and the Central Manufacturing Technological Institute (CMTI), an independent organization under the Ministry of Heavy Industries, have inked a Memorandum of Understanding (MoU). The primary goals of this partnership are to advance industrial Internet of Things (IIoT) solutions for predictive maintenance in equipment and manufacturing processes, as well as the hydrogen value chain.

Vedanta: The second interim dividend for equity shares is scheduled to be reviewed and approved by Vedanta on December 18.

Gandhar Oil Refinery: The stock will be scrutinized before the December 15 release of the company’s results for the July-September quarter.