Stocks that are likely to record significant movement on bourses today
Hero MotoCorp: There has been a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals. In order to partially offset the impact of the commodity costs, the company will be increasing the prices of its products by up to Rs 1,500, with effect from January 1, 2021. The increase will vary across models, and the exact quantum will be communicated to dealers in due course.
Wonderla Holidays Limited: The company received formal approval from Ramanagara Deputy Commissioner to resume operations of its theme park in Bangalore. The theme park would re-open for the public from December 18 onwards.
Jubilant FoodWorks: Jubilant FoodWorks, the largest food service company in India has entered into the most loved food space of Biryanis with its newest brand - Ekdum!
TCS: TCS has been recognised as a leader in IDC MarketScape for Oracle Implementation and Oracle Cloud Implementation Services.
Chembond: Chembond Clean Water Technologies Limited takes up the distribution of MICRODYN-NADIR Membrane Solutions for water and wastewater treatment.
Vaibhav Global: Vaibhav Global’s US subsidiary, Shop LC, is now on Amazon, eBay & Walmart in Canada.
Olectra Greentech: Evey Trans Private Limited (EVEY) (Olectra and EVEY are under common control with MEIL Holdings Ltd) and Olectra Greentech have been declared as L-1 (least quoted) bidders for 353 electric buses from 5 state transport authorities and 1 state government undertaking including under FAME-II scheme of Government of India.
Wipro: The company has completed the acquisition of an 83.4 per cent equity stake in Encore Theme. The remaining 16.6 per cent equity stake will be acquired after the receipt of certain regulatory approvals/confirmations.
Navin Fluorine: The company's board of directors has approved capital expenditure to be undertaken at Dahej through a wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited of Rs 195 crore for the purpose of setting up a multi-purpose plant.
IndusInd Bank: SEBI has granted an extension of one month to IndusInd Bank for subscription to the warrants i.e., until February 4, 2021, to complete the said conversion worth Rs 2,021.44 crore into equity.
Snowman Logistics: The board of directors of the company would consider a proposal for fundraising by way of a qualified institutional placement (QIP) at its meeting on December 21.