Share Market Highlights 17 December 2024: Sensex drops over 1,000 points; Nifty sinks below 24,350 on global cues

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Metropolis Healthcare: Company’s acquisition focuses on strengthening Metropolis’ specialized diagnostics, particularly in oncology, a rapidly growing market in India. (Positive)

RVNL: Company gets LoA from Maharashtra Metro Rail Corporation for a project worth ₹270 cr. (Positive)

Vedanta: Ind-Ra upgrades Vedanta’s NCD rating with a rider (Positive)

TCS: Company partners with Landis+Gyr to deliver next-generation energy efficiency solutions. (Positive)

Patanjali Foods: Company Commenced commercial production at its Niglok Palm Oil Processing Mill in Arunachal Pradesh on December 16, 2024. (Positive)

HPCL: Company Board Approved the Lube Modernization and Bottoms Upgradation Project at Mumbai (Positive)

Texmaco Rail: Company gets work order for Rs 187 crore for construction of transmission lines from Chhattisgarh government. (Positive)

GMR Airports: Total airports passenger traffic up 14% at 1.12 crore year-on-year. (Positive)

Waaree Energies: Company bags two module supply orders, aggregating 398 megawatts in the domestic market. (Positive)

Oriana Power: Company commits investments worth Rs 10,000 crore in Rajasthan for development of green energy projects. (Positive)

Anant Raj: Company allotted 1369863 Fully convertible warrents to its promoter and promoter group. (Positive)

NITCO: Company received a Rs 105.4 cr order from Prestige Estates Projects Limited. (Positive)

Speciality Restaurants: Company launched a new restaurant, Bizarre Asia, in Kolkata. (Positive)

Electronics Mart: Company opened a new Bajaj Electronics store in Telangana. (Positive)

GAIL India: Qatar will supply LNG to Gail India from next year under a new five-year pact. (Positive)

Railtel: Company received a ₹38 crore work order from Central Warehousing Corporation for CCTV work. (Positive)

Zomato/ Swiggy: GST Council likely consider lowering tax on food delivery by e-commerce operators on delivery charges from 18% to 5% without ITC: CNBC Sources. (Positive)

HCC: Company opens fund raising through QIP, Floor price Rs 45.24 per share. (Positive)

Hotel Stocks: GST Council relief likely for restaurants at hotels that provides accommodation of more than ₹7500/night room. Hotels upon prior declaration can either opt to charge 5% without ITC on restaurant services or 18% with ITC: CNBC Sources. (Positive)

Indus Tower: Income Tax Appellate Tribunal orders in favour of the company on denial of depreciation of assets received under merger. Order to result in reduction of ₹3,500 crore in contingent liability. (Positive)

Godavari Biorefineries: Ethanol and bio-based chemicals maker announced plans to invest ₹130 crore in a new 200 KLPD corn/grain-based ethanol distillery. (Positive)

Moneyboxx Finance: Company opened a new branch office in Sultanpur, Bihar. (Positive)

Tata Power/JSW Energy: MNRE secretary: Starting with 10%, battery storage capacity is likely to be made mandatory for project developers for solar + wind projects (Positive)

HDFC Bank: Gets administrative warning from Sebi over delayed disclosure of mortgage head’s resignation in March (Neutral)

Hitech Corp: Company appoints Mr Jasraj Singh as Chief Operating Officer, effective December 16, 2024. (Neutral)

Mankind Pharma: Company acquired 100% of Bharat Serums and Vaccines. (Neutral)

Allcargo Terminals: November Business Update, CFS volumes down 4% YoY & up 1% QoQ at 47.7 TEUs. (Neutral)

Vedanta: Company Board Approved Rs 8.50/ Share Interim Dividend. (Neutral)

CDSL: Company’s e-voting results are in favour of Shri Nehal Vora’s appointment as Managing Director & CEO is ratified. (Neutral)

Indian Bank: Bank confirms payment of interest on its Debt Securities (AT1 Bonds). Amount paid: Rs.47.26 Cr. (Neutral)

Gravita India: Company announced the approval of its Qualified Institutions Placement (QIP) of equity shares. Floor price of Rs 2206.49 per share. (Neutral)

Happiest Minds: Company announced the merger of its wholly-owned subsidiary, Happiest Minds Inc. (Neutral)

GG Engineering: Company will merge with Integra Essentia Limited. (Neutral)

CreditAccess Grameen: Company received an income tax demand of Rs. 46.03 Cr for AY 2022-23. (Neutral)

Abbott India: Company’s Mr.Sridhar Kadangode resigned as CFO, Whole time director and director. (Neutral)

Continental Petroleums: Company approved acquiring 49.58% of Unique Techno Associates. (Neutral)

NDR Auto: Company’s CFO, Mr. Mohit Kumar Jain, and resigned, effective March 31, 2025. (Neutral)

SRF: LIC increases stake in SRF to 5.00% from 4.97%. (Neutral)

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Supreme Petro: Long-term bank facilities rating reaffirmed at Crisil AA-/Positive(outlook revised from ‘Stable’). Short-term rating remains Crisil A1+. (Neutral)

Uniparts: Company announced the resignation of Abhay Kapoor, Senior Vice President – Head HR. (Neutral)

Varun Beverages Limited: Company announced that it has acquired 39.93% of Lunarmech Technologies Private Limited. (Neutral)

Mankind Pharma: Company to launch QIP to raise up to ₹3,000 cr, issue price likely at ₹2,520/sh. (Neutral)

Mindspace REIT: ADIA is likely to divest a 9.2% stake in Mindspace Business Parks REIT through a block deal valued at ₹1,903 crore. (Neutral)

LIC: Company reports unclaimed maturity amounts of Rs 880.93 crore for fiscal 2024. (Neutral) 

Mawana Sugars: Company received notices from Delhi’s Anti-Corruption Branch. (Negative)

PNB Gilts: Vikas Goel Resigns as Managing Director and CEO of PNB Gilts w.e.f. December 23, 2024. (Negative)



https://www.thehindubusinessline.com/markets/stock-market-highlights-17-december-2024/article68991890.ece

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