Stocks in the news: NDTV, Tata Motors, Suven Pharma, Quess Corp, Siemens - Economic Times

The SGX Nifty 50 December futures is pointing to a slightly positive start for domestic equities on Monday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays.

Also, the rising COVID cases in China has unnerved investors, who are expected to remain on a sell mode.

But here are a dozen stocks which are expected to see some action in trade today:

NDTV: The founders of the company, Radhika Roy and Prannoy Roy, will transfer 27.26% of their stake in the company to Adani Group-owned RRPR Holding. Consequently, Adani Group will hold 64.71% stake in the news broadcaster.

Tata Motors: Subsidiary TML CV Mobility Solutions has bagged a contract from the Delhi

to supply, operate and maintain 1,500 electric buses in the city for 12 years.

Suven Pharmaceuticals: Advent International has signed a binding agreement with the promoter to acquire a significant stake in the company. The private equity firm will make an open offer to acquire an additional 26% stake in the drugmaker.

: The company has withdrawn plans to merge its subsidiary , but did not elaborate on what triggered the decision. : The company will sell 8% stake arm Enzene Biosciences to 2 funds for Rs 160 crore. Proceeds from the sale will be used for capacity expansions in India and the US. : The company has bought a minority stake in US-based Kibsi Inc for $1.5 million. The acquisition is to build a partnership in computer vision applications. : The bank has extended the term of managing director and chief executive officer P N Vasudevan by three years. : The company has bagged a 100-MW wind power project from Solar Energy Corporation of India. : The company has received a letter of award from the railways ministry for a 9,000 horsepower electric locomotives project in Gujarat.

PNC Infratech: Has received Rs 3.65 crore towards an arbitral award with respect to a construction project in West Bengal. Given the amount is very less, it is not expected to materially impact the company’s financials.

: The company’s wholly-owned subsidiary Neelkamal Realtors Tower has entered into a 50:50 joint venture with for development of land parcels measuring 19,434 sq meters in Mumbai.

Welspun Corp: Has commissioned a coke oven plant with a capacity of 210,000 tonne per annum in Anjar, Gujarat. This is likely to help supply coke at competitive prices to run the plant efficiently.

Dhani: Has acquired Juventus Estate Limited and Mabon Properties Limited at an enterprise value of Rs 240 crore. The two companies collectively hold 35 acres of land parcels in Gurugram, Haryana. The acquisition will provide new business opportunities in the real estate sector.

Lasa Supergenerics: The merger of Harishree Aromatics Chemicals PVt Ltd with the company has been approved by the National Company Law Tribunal.

Vaxtex Cotfab: Board of the company is expected to meet on Monday to consider bonus issue of shares.

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Stocks in the news: NDTV, Tata Motors, Suven Pharma, Quess Corp, Siemens - Economic Times
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