Stock Markets today: Focus on these stocks.

Summary: Keep a follow-up on these stocks in the long run.

TVS Motor Company

For ₹97.78 crore, TVS Motor Company has successfully acquired a 39.11 percent share in DriveX Mobility Private Ltd. DriveX is now a subsidiary of TVS Motor, which now owns 87.38 percent of the company. It is anticipated that the agreement will strengthen TVS Motors' position in the market and increase its operating efficiency in the two-wheeler trade industry.

Adani Enterprises

Adani Defence Systems & Technologies Ltd (ADSTL), a fully owned subsidiary of Adani Enterprises Ltd (AEL), has signed a share purchase agreement to buy an 85.8% share in Air Works India (Engineering) Private Ltd. With an enterprise value of ₹400 crore, Air Works is the biggest private-sector Maintenance, Repair, and Overhaul (MRO) company in India.

Muthoot Fincorp

Muthoot FinCorp raised ₹300 crore through its NCD Tranche III series of secured and redeemable non-convertible debentures (NCDs). The shelf limit of ₹2,000 crore includes a basic issue size of ₹100 crore and a green shoe option of ₹200 crore. 

The NCDs, which have annual, monthly, and cumulative interest payout choices, are priced at ₹1,000 each and have tenures varying from 24 to 92 months. The annual effective yield ranges from 9.00 to 10.10 percent. The issue will end on January 6, 2025, or earlier with board approval. It opened on December 23, 2024.

Bharat Electronics Limited (BEL)

Since its last statement on December 9, state-run Bharat Electronics Ltd. (BEL), a Navratna PSU, has won fresh orders totaling ₹973 crore. Radars, communication equipment, jammers, seekers, enhanced submarine sonar, satcom terminals, test stations, spares, and services are among the projects covered by the most recent orders, according to a regulatory filing. With these fresh victories, BEL's 2025 order intake now totals ₹9,801 crore, or 40% of its yearly order inflow forecast of ₹25,000 crore.

HG Infra Engineering

The Jodhpur-based HG Infra Engineering Ltd. declared that NTPC Vidyut Vyapar Nigam Ltd. and its subsidiary, HG Banaskantha Bess Private Ltd., signed a contract for battery energy storage. Under this long-term contract, 185 MW/370 MWH of battery energy storage capacity will be purchased.

Bharat Forge

Bharat Forge's promoter group company, Kalyani Investment Company, paid ₹1.12 crore as a settlement fee to resolve a matter involving alleged disclosure standard violations. Without acknowledging or refuting the accusations, the settlement came about with SEBI's settlement rules. SEBI had started legal action for suspected infractions of the Securities Contracts (Regulation) Act and disclosure standards.

Symphony

Symphony Ltd has just signed a second addendum to its loan agreement with its Aussie subsidiary, Symphony AU Pty Ltd (SAPL), bumping the loan facility from AUD 10 million up to AUD 15 million. The money will be handed out in one or more chunks to help cover SApL's working capital and corporate requirements. Since this is a related-party deal, Symphony assured that the terms are fair and at arm’s length. 

Whirlpool of India

PG Electroplast Ltd (PGEL) and Whirlpool of India Ltd have inked a final contract for the contract manufacturing of a few models of semi-automatic washing machines. These models will be made at PGEL's plant in Roorkee. The two businesses are looking into possible avenues for growth, and PGEL is now a supplier of air conditioners bearing the Whirlpool brand.

Oberoi Realty

Oberoi Realty Ltd. announced a development agreement for an 81.05-acre parcel of land in Alibaug, Maharashtra. A five-star luxury hotel or resort is planned for 8.6 acres of the project, while the remaining 72.45 acres would be used for around 150 branded private villas.