Stocks in News, December 26: Tata Motors, Dabur, Wipro, Dr Reddy's, Shriram Finance

Stocks in News Today, December 26: Stock markets are likely to open in green on Monday i.e. December 26 as SGX Nifty - an early indicator of sentiment on NSE Nifty50 - traded over 30 points, or 0.17 per cent, higher at 17,894.5 in the early trade. The 30-share BSE Sensex had slumped 980.93 points or 1.61 per cent to close below the psychologically key 60,000 mark on Friday. On similar lines, the broader NSE Nifty dropped 320.55 points or 1.77 per cent to end at 17,806.80.

However, Asian-Pacific markets are mixed as Japan's Nikkei 225 jumped over 122 points or 0.46 per cent and the Hang Seng index in Hong Kong was down by over 86 points. Similarly, South Korea’s Kospi fell over points or 0.13 per cent.

Global markets in at least a dozen major economies including US and UK will remain closed on account of the extended Christmas holiday.

Stocks in News Today, December 26: 

Tata Motors: TML CV Mobility Solutions Ltd, an arm of Tata Motors, has signed an agreement with Delhi Transport Corporation for the operation of 1,500 electric buses in the National Capital. Under the pact, TML CV Mobility Solutions Ltd will supply, operate and maintain 1,500 units of 12-metre low-floor air-conditioned electric buses for a period of 12 years, the company said in a statement.

Dabur India Ltd: Ayurveda major Dabur announced that dissolution of its step-down wholly owned subsidiary Dabur Tunisian has been pushed off till December 31, 2023. There has been a delay because of the Covid-19 pandemic.

Wipro: IT major WIPRO has completed a partial investment of USD 1.5 million (Rs 12.3 crore) in US-based Kibsi on 23 December 2023. The company offers services in computer vision applications.

Dr Reddy's Laboratories: Dr Reddy's has said its subsidiary DRRDBV has entered into a pact to sell certain assets and liabilities of its Netherlands-based site. Dr Reddy's Research and Development B V (DRRDBV), a wholly-owned subsidiary of the Hyderabad-based company, has entered into an asset purchase agreement with Delpharm Development Leiden BV, part of France-based Delpharm Group, the drug firm said in a regulatory filing.

Shriram Finance: The largest retail NBFC has announced an interim dividend of 150 per cent, or Rs 15 per equity share with a face value of Rs 10 each, fully paid up. The record date is January 4. The company is also planning to raise Rs 35,000 crore through redeemable NCDs (private placement basis).

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