Auto stocks, ITC, Thomas Cook, KPIL, Sun Pharma, SJVN, and more stocks to keep an eye on on January 1st

On Wednesday, January 1, 2025, it is anticipated that the SENSEX and NIFTY50 would open flat. At 7:24 am, the GIFT NIFTY is up 0.05%, trading slightly higher at 23,734.5.

https://hashnewz.com/Auto stocks, ITC, Thomas Cook, KPIL, Sun Pharma, SJVN, and more stocks to keep an eye on on January 1st

ITC: All of ITC’s shares in eight subsidiaries, including Maharaja Heritage Resorts and Gujarat Hotels, will be transferred to ITC Hotels Ltd. as a result of the company’s hotel industry demerger, which takes effect on January 1.

Kalpataru Projects International Limited: KPIL has secured fresh orders totaling ₹1,011 crore, in conjunction with its overseas subsidiaries. The orders are for the buildings and factories (B&F) business in the home market, the railway business in India, and the transmission and distribution (T&D) business in foreign market

Thomas Cook: A cyberattack on the company’s IT system has been reported. “As soon as we learned about the event, we took the required actions to look into it and address it, which included shutting down the impacted systems. In order to help our investigation, determine the scope of the problem, and take appropriate corrective action, we are collaborating with top cyber security specialists,” the company stated in an exchange filing.

Auto stocks: As they disclose their December 2024 sales statistics on Wednesday, investors will be watching the stocks of Mahindra & Mahindra, Tata Motors, Maruti Suzuki, and other automakers.

Sun Pharmaceutical: To sell all of its shares in Sun Pharma Japan Technical Operations Limited, the business’s step-down subsidiary, the pharmaceutical company has reached an agreement with Zaza Industrial Holdings K.K., Japan.

“Consequently, Sun Pharma Japan Technical Operations Limited shall cease to be a subsidiary of the Company,” the business stated.

SJVN: To build the 1,000 megawatt (mW) Hathidah Durgawati Pumped Storage Project and other PSPs in the state, the hydroelectric power generation business and the Bihar government have signed a memorandum of understanding (MoU).

Piramal Enterprises: The business subscribed for a rights issue to invest ₹1,000 crore in Piramal Capital and Housing Finance Ltd., a wholly-owned subsidiary. The money will be utilized for corporate and business-related activities.