Stocks in News: Zinka Logistics, RIL, Bharat Forge, Biocon, Lupin, Afcons Infra, and Auro Pharma

Several stocks, including Zinka Logistics, Reliance Industries, Bharat Forge, Biocon, Lupin, Afcons Infra, Aurobindo Pharma, JSW Energy, and others, are expected to remain in the spotlight on Monday, December 16, 2024.

Market Highlights:

On Friday, Indian benchmark indices rebounded significantly, with the BSE Sensex climbing 843.16 points (1.04%) to close at 82,133.12, while the Nifty50 rose 219.60 points (0.89%) to settle at 24,768.30.

Key Stocks to Watch:

1. Zinka Logistics Solutions
   • The recently listed logistics company reported a sharp increase in net losses to ₹308.4 crore for Q2 FY24, compared to ₹39.7 crore in the same quarter last year.
   • Revenue from operations grew 56% YoY to ₹987.7 crore.
2. Reliance Industries
   • Acquired a 74% stake in Navi Mumbai IIA (NMIIA) for ₹1,628.03 crore, making it a subsidiary. The remaining 26% equity is held by CIDCO.
3. Bharat Forge
   • Subsidiary Kalyani Strategic Systems has signed a Cornerstone Investment Agreement with Italy’s Edgelab SpA, acquiring a 25% stake for €2.5 million.
4. Biocon
   • Its subsidiary, Biocon Biologics, received a positive opinion from the European Medicines Agency (EMA) for YESINTEK, an Ustekinumab biosimilar.
5. Aurobindo Pharma
   • Subsidiary CuraTeQ Biologics announced a positive EMA opinion for Zefylti, recommended for treating neutropenia and mobilizing peripheral progenitor cells.
6. Afcons Infrastructure
   • Received a ₹1,006.74 crore contract for the design and construction of an elevated viaduct and 13 metro stations for the Bhopal Metro Rail Project.
7. Lupin
   • Acquired three anti-diabetes trademarks (GIBTULIO, GIBTULIO MET, and AJADUO) from Boehringer Ingelheim.
8. JSW Energy
   • Filed a petition with the MERC seeking recovery of dues from MSEDCL, which has challenged the invoices.
9. JK Paper
   • Announced a Scheme of Arrangement to merge its subsidiaries and consolidate its operations.
10. Godrej Agrovet
    • Received land allotments in Gujarat (Vadodara, Surat, Tapi) for expanding oil palm cultivation under the NMEO-OP initiative.
11. GMM Pfaudler
    • Appointed Alexander Poempner as Group CFO and announced the closure of its Hyderabad facility.
12. GE Power India
    • Secured a purchase order worth ₹18.27 crore for supplying boiler parts to the Sanjay Gandhi Power Station.
13. Jaiprakash Power Ventures
    • The Andhra Pradesh High Court stayed a ₹1,334 crore demand by the Department of Mines & Geology.
14. 63 Moons Technologies
    • Approved a one-time settlement of ₹1,950 crore proposed by the NSEL Investors Forum.
15. Aeroflex Industries
    • Approved a fundraise of ₹400 crore via a qualified institutions placement (QIP).
16. Premier Explosives
    • Signed an MoU with Global Munition to establish a JV for manufacturing defense and aerospace products with a 51:49 equity ratio.