SUMMARY

Stocks to watch, HAL, Zomato, Tata Motors, YES Bank, NESCO, Bajel Projects, Ashok Leyland, NHPC, top stocks, JK Tyre and more, these are the stocks to watch for today.

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Zomato | Food delivery aggregator said it has received an order from the Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, demanding ₹401.7 crore in goods and services tax (GST) for the period between October 29, 2019, and March 31, 2022. The order, passed on November 12, 2024, also includes a penalty of the same amount, totalling ₹803.4 crore in demand, along with applicable interest.

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Tata Motors | India’s largest Commercial Vehicle manufacturer announced that it will increase the prices of its CVs starting January 1, 2025. Tata Motors has announced a price hike of up to 2% across its truck and bus portfolio. The price increase will vary across individual models and variants but will apply across the entire range of trucks and buses. Prices will be hiked to offset the rise in input costs, Tata Motors said in an exchange filing.

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YES Bank | Private sector lender said the Reserve Bank of India (RBI) has approved the appointment of Manish Jain as executive director (whole-time director) of the bank for a period of three years, effective from December 11, 2024, to December 10, 2027. This approval follows the earlier resolution by YES Bank’s board of directors, which had appointed Jain as an additional director and executive director, subject to RBI clearance.

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NESCO | Diversified firm said it has been declared the highest bidder by National Highways Logistics Management Ltd (NHML) for the development, operation, and maintenance of wayside amenities along the Hyderabad-Vishakhapatnam Expressway in the Khammam-Devarapalle section. Under the terms of the agreement, NESCO Ltd will develop, operate, and maintain wayside amenities across four sites on a lease basis for a period of 30 years, with the option to extend for an additional 30 years through a first right of refusal.

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Bajel Projects | The company said it has been awarded a supply of goods and services contract by Solapur Transmission Ltd, a project company of Torrent Power Ltd, for the establishment of a new 400/220 KV Solapur substation in Maharashtra. The contract includes design, engineering, manufacturing, supply, erection, civil work, testing, and commissioning for the 400/220 KV substation and the establishment of two 400 KV line bays at Power Grid Solapur.

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Ashok Leyland | Commercial vehicle maker said it has won an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis. The total value of the contract is approximately ₹345.58 crore. The order, secured through a standard tendering process, requires Ashok Leyland to deliver the chassis between December 2024 and May 2025.

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NHPC | State-owned hydroelectric power producer said its board of directors has approved a revised borrowing plan to raise up to ₹6,900 crore during the financial year 2024-25. The decision was taken at a board meeting held on December 12, 2024. The borrowing plan includes raising funds through secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more series or tranches via private placement.

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JK Tyre | Tyre manufacturer said it has secured a €30 million long-term loan from DEG – Deutsche Investitions- und Entwicklungsgesellschaft. The funding will support the sustainable expansion of the company’s production capacities at its facility in Madhya Pradesh, India. The new loan will help to continue this transformation, for example by allowing the boiler for the expansion facility to be operated using biomass rather than coal.

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