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Stocks in News Today
Last Updated: 13th December 2024 - 10:05 am
Our analysts at 5paisa scan through the financial markets and select the few trending stocks in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.
Trending Stocks Today: 13-Dec-2024
1. JK Tyre
JK Tyre has secured a €30 million long-term loan from DEG – Deutsche Investitions- und Entwicklungsgesellschaft to fund its sustainable production expansion in Madhya Pradesh. This funding will also enable the use of biomass as a fuel source for the facility’s boiler, replacing coal for a greener approach.
2. Kalpataru Projects
Kalpataru Projects plans to raise up to ₹1,000 crore through a Qualified Institutional Placement (QIP) issue, as reported by CNBC-TV18. The issue price is set at ₹1,201 per share, reflecting a 6.4% discount to the last traded price and 1.15% below the SEBI floor price. The lock-in period for investors will be 30 days.
3. Ashok Leyland
Ashok Leyland has received an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis. The contract, valued at approximately ₹345.58 crore, requires deliveries to be completed between December 2024 and May 2025.
4. Tata Motors
Tata Motors announced a price hike of up to 2% for its trucks and buses effective January 1, 2025, citing rising input costs. The price adjustment, which will vary across models and variants, applies to the entire commercial vehicle portfolio, helping the company manage increased production expenses.
5. NESCO
NESCO has emerged as the highest bidder for developing, operating, and maintaining wayside amenities along the Hyderabad-Vishakhapatnam Expressway. Awarded by National Highways Logistics Management Ltd (NHML), the project spans four locations with a 30-year lease and an optional extension for another 30 years.
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