Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday (December 21) said its wholly owned subsidiary Reliance Digital Health Ltd (RDHL) has entered into definitive agreements to acquire a 45% equity stake in Health Alliance Group Inc. (HAGI) for a total consideration of $10 million. HAGI is a US-based healthcare company incorporated on December 21, 2023, as a Delaware corporation.

Mukul Agrawal portfolio: PTC Industries’ share price has remained under base-building mode for nearly six months. However, this Mukul Agrawal portfolio stock is still 75 per cent up in year-to-date (YTD) time. However, PTC Industries share has witnessed some buying interest every time it came close to the ₹11,000 apiece mark in recent sessions, signalling the possibility of bottoming out.

Regarding bull or sell stocks for Monday, Sumeet Bagadia recommended buying these three shares on Monday: 📌Titan Company: Buy at ₹3356.25, target ₹3555, stop loss ₹3222. 📌Petronet LNG: Buy at ₹336.45, target ₹355, stop loss ₹323. 📌Dr Reddy's Laboratories: Buy at ₹1343.65, target ₹1425, stop loss ₹1295.

Girish Mathrubootham, Freshworks' executive chairman, sold 2.5 million shares, valued at $39.6 million, amid significant company developments, including his transition from CEO to executive chairman and the company's transformation towards efficiency, which involves workforce layoffs and share buyback initiatives.

NTPC Green Energy Ltd has signed an MoU with the Bihar government to promote renewable energy initiatives in the state, aiming to develop solar installations, battery energy storage systems, and green hydrogen mobility projects. The partnership outlines a framework for significant investments in Bihar to establish renewable energy projects.

Senores Pharma IPO: Bidding for the initial public offering (IPO) of Senores Pharma Limited began on 20th December 2024 and will remain until 5:00 PM on 24 December 2024. So, applicants have two days to apply for the Senores Pharma IPO as the public issue closes on Tuesday next week. According to Senores Pharma IPO subscription status, the public issue got fully subscribed on day one of bidding.

Mamata Machinery's IPO subscription status shows a strong response, with bids 37.75 times the offer, and a grey market premium of ₹261. The IPO closes on December 23, and analysts recommend a "subscribe" rating, citing the company's strong market presence, financial performance, and focus on quality and new product development.

The Surat Municipal Corporation has earned Rs 829 crore from paid floor space index (FSI) in nine months, with total earnings likely to cross Rs 1,100 crore by the end of the financial year, indicating steady growth in the realty sector. The sector has grown significantly post-Covid, with paid FSI earnings almost doubling in three years.

Goa Chamber of Commerce and Industry president Shrinivas Dempo criticizes the government's exorbitant minimum land rates in Mormugao taluka, which have increased by 597% to 2,857%, citing unaffordability and potential collapse of land sales and government revenue. Dempo recommends revising rates to Rs 15,000 per sqm for Vasco and Rs 10,000 per sqm for Chicalim, Dabolim, and Sancoale.

NASHIK: The property tax department of the Nashik Municipal Corporation (NMC) has brought 22,000 new properties across the city under the property tax net. The property tax is levied on the establishments from the current financial year. Owners of these properties must pay the tax either from the past two years or the year that construction started for their properties.

As the Nifty formed a long bearish candle on the weekly charts and closed below the 200-day SMA, traders are now seeing less chances of a Santa rally and an extended period of downside. Anand James, Chief Market Strategist, Geojit Financial Services, predicts Nifty may re-approach November 21 lows of 23263 but is less likely to break it this week, with potential for a pull-back to 24,400.

After a subdued 1HFY25, the hospitality sector rebounded strongly, fueled by a vibrant wedding season and thriving MICE activities. Key players are expected to post 10-12% YoY RevPAR growth this quarter, driven by an 8-10% rise in Average Room Rates (ARR). Luxury and upper-upscale hotels witnessed RevPAR growth of 15-17% in the month, aided by high occupancy and rising ARRs.

Aurobindo Pharma's subsidiary CuraTeQ Biologics has received marketing authorization from the UK's Medicines and Healthcare products Regulatory Agency for Bevqolva, its biosimilar version of bevacizumab, used to treat various cancers. Aurobindo Pharma's net profit jumped 85% year-on-year to ₹757.2 crore in Q2 2023.

The shares of Vedanta and Mazagon Dock Shipbuilders, among others, are expected to gain attention next week as their record dates approach for corporate actions such as dividends, bonus share issuances, and stock splits. The record date is a crucial benchmark set by companies to identify the shareholders entitled to receive benefits such as dividends, stock splits, or bonus shares.

Rajasthan-based Shree Cement will invest Rs 1,100 crore in Bihar to set up a cement plant and solar power project in Purnea district, its chairman H M Bangur said on Friday. The Bangur family-promoted company is among the top five cement producers in the country. "We have signed an MoU with the Bihar govt to invest Rs 800 crore.