Stocks in Focus Today:Today i.e. on 24th December 2024, some stocks (Stocks in News) are ready to show action. Due to positive trigger, these shares may remain in focus in the market today (Stocks to Watch). If you are looking for better stocks in intraday then you can keep an eye on them (Stock in Focus). In today’s list NTPC, PVR INOX, Aster DM Healthcare, HG Infra Engineering, MMTC, Muthoot Capital Services, Bharat Forge, TVS Motor, Dr Reddy’s Lab, Symphony, Whirlpool of India, PG Electroplast, MIC Electronics, SPML Infra, Allcargo Shares like Gati, Nava, Indian Bank are included.
NTPC
Public sector power company NTPC has signed a pilot agreement with Odisha government undertaking GRIDCO and CRUT for green hydrogen transportation scheme in Odisha. The tripartite MoU aims to advance green energy technologies, especially green hydrogen transportation scheme, in Odisha. According to the MoU, NTPC will run short and long distance hydrogen buses and will also set up a green hydrogen fuel station in Bhubaneswar.
PVR INOX
PVR Inox announced restructuring of its Rs 600 crore media business. Under this, Chief Sales Officer Shalu Sabharwal will lead the initiative to strengthen market connectivity and promote growth across the country. PVR Inox said in a statement that Sabharwal will lead a strategic transformation to strengthen the media business by leveraging a team of industry experts.
Aster DM Healthcare
Nalanda Jaydev has been appointed CEO, while Aster Medcity Kochi has been given the responsibility as Senior Consultant for Forensic Medicine with effect from December 23.
HG Infra Engineering
The company’s arm entered into a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam for procurement of 185 MW/370 MWh on long term basis.
MMTC
MMTC has received a warning letter from NSE and BSE for not holding the Stakeholders Relationship Committee meeting in FY 2024. The company has assured the exchanges that this will not be repeated in future.
Muthoot Capital Services
Thomas George Muthoot has resigned from the post of managing director of the company, and Thomas John Muthoot has resigned from the post of non-executive chairman, with effect from December 23. Additionally, the Board has approved the appointment of Tina Suzanne George as Executive Director and Ritu Elizabeth George as Additional Non-Executive Director.
Bharat Forge
The company has received approval from the board to invest $64.50 million in its subsidiary Bharat Forge America Inc. The entire amount invested will be used to repay the loan.
TVS Motor
The company has completed the acquisition of 7,914 equity shares (or 39.11% stake) in DriveX from its existing shareholder. With this, the company’s stake in DriveX has increased to 87.38 percent, and as a result, DriveX has become a subsidiary of the company.