The stock market is abuzz with activity, from significant investments to major deals, order wins, appointments, and acquisitions. Let's take a look at the key stocks to focus on today.
Excelsoft Technologies and Eros International Media are set to release their quarterly earnings today. Meanwhile, Piramal Pharma's Lexington facility in the USA has undergone a US FDA inspection, resulting in a Form 483 with four observations related to procedure enhancements.
The IT firm has completed its share buyback and announced the extinguishment of 10 crore equity shares via the tender offer. Shreyas Shibulal, son of Infosys co-founder SD Shibulal, has sold 19.92 lakh shares in Infosys, reducing his stake to 0.44%.
The company has announced its plan to acquire Automech Group, a UAE-based high-precision manufacturing services provider, for AED 296 million. This strategic transaction will help diversify into high-value engineering services and strengthen its presence across the GCC and MENA regions.
Anand Chand has resigned as Chief Financial Officer of the company, effective December 11, to pursue other opportunities within the Tata Steel Group. The Board has appointed Animesh Upadhyay as the new Chief Financial Officer, effective December 12.
The company has received a project management consultancy order worth Rs 255.50 crore from NALCO and another worth Rs 33.89 crore from SAIL Bokaro. RRP Defense has announced a collaboration with Israel-based Meprolight for advanced electro-optics and weapon sights in India.
The company has acquired BTM Ventures, the parent company of Reginald Men, a premium personal-care brand for men. Honasa will acquire a 95% stake at an enterprise value of Rs 195 crore.
First Water Fund has picked up an additional 5.45 lakh shares in Uflex, the packaging solutions provider, for Rs 25.07 crore. BNP Paribas Financial Markets has acquired 1.77 crore equity shares in the bank for Rs 37.4 crore.
These are just a few of the key stocks to focus on today. Stay tuned for more updates and market analysis.
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