IPO Listing
NTPC Green Energy is set to debut on the stock exchanges today, 27 November 2024. The IPO, which was open from 19 to 22 November, had a price band of ₹102-108 per share and was oversubscribed by 2.42 times. This listing is expected to garner significant attention from investors focused on renewable energy.
Stocks to watch
Siemens
Siemens reported a robust performance for Q4 FY25, with consolidated net profit surging 45.4% to ₹830.70 crore, driven by an 11.4% increase in revenue from operations, which stood at ₹6,373.60 crore. This strong growth reflects the company’s operational efficiency and its ability to capitalise on industrial demand. Siemens’ positive results are likely to keep its stock active today.
Wipro
Wipro has announced an extension of its partnership with Marelli, a global automotive solutions provider, for an additional four years. This collaboration underscores Wipro’s strength in delivering value-driven solutions to the automotive sector. The extension is likely to add to its revenue pipeline, making Wipro a stock to watch in the IT space.
Aster DM Healthcare
Aster DM Healthcare is expanding its footprint in India by acquiring an additional 13% stake in Aster Adhaar Hospital (Prerana Hospital), Kolhapur, Maharashtra. This strategic acquisition strengthens its position in Western India and highlights its commitment to healthcare expansion. Investors may view this move as a growth opportunity for Aster DM Healthcare.
Adani Enterprises
Adani Enterprises subsidiary, Adani Airport Holdings (AAHL), has completed the acquisition of a 74% stake in Cocount Ventures (CVPL) through its joint venture, April Moon Retail (AMPRL). With this acquisition, CVPL becomes a joint venture of AAHL and Adani Enterprises, showcasing the company’s ongoing diversification and expansion into retail and airport services.
NTPC
NTPC has incorporated a new subsidiary, Mahagenco NTPC Green Energy, in partnership with the Maharashtra government as a 50:50 joint venture. The focus of this venture is the development of renewable energy projects, reinforcing NTPC’s commitment to sustainable energy solutions.
Exide Industries
Exide Industries has made an additional investment of ₹100 crore in its subsidiary, Exide Energy, bringing its total investment to ₹3,052 crore. This move demonstrates the company’s focus on strengthening its position in the energy solutions market, particularly in the battery and energy storage segments.
Lumax Auto Technologies
Lumax Auto Technologies has taken a significant step into the green and alternate fuels segment by acquiring a 60% stake in Greenfuel Energy Solutions for ₹153 crore through its subsidiary, Lumax Resources. This acquisition aligns with the global shift towards cleaner and more sustainable automotive technologies, marking a new chapter in Lumax’s growth strategy.
Sector highlights
Renewable Energy
The IPO listing of NTPC Green Energy and NTPC’s joint venture with the Maharashtra government reflect a growing focus on renewable energy in India. These developments highlight the increasing investment in sustainable energy projects, a trend that could shape the market in the coming years.
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Automotive and Green Technology
Wipro’s extended collaboration with Marelli and Lumax Auto Technologies’ foray into alternate fuels indicate strong momentum in automotive innovation. These moves are consistent with global efforts to promote cleaner and more efficient technologies in the automotive sector.
Healthcare
Aster DM Healthcare’s additional stake acquisition in Prerana Hospital demonstrates the healthcare sector’s steady expansion. The increased focus on regional dominance and strategic partnerships in healthcare is likely to drive further investments in the sector.
Market outlook
Today’s market activity will likely be influenced by strong corporate announcements and the IPO listing of NTPC Green Energy. Investors are expected to closely monitor Siemens for its robust quarterly results and Adani Enterprises for its strategic acquisition moves. The renewable energy sector, buoyed by NTPC’s developments, could see increased interest, while the healthcare and automotive sectors remain promising areas for growth.
As the market responds to these updates, investors should keep an eye on dividend-paying stocks, ex-dividend trades, and sector-specific news to make informed decisions.
