Overnight Digest: Stocks likely to be in focus on December 24
Overnight Digest: Stocks likely to be in focus on December 24

Overnight Digest: Stocks likely to be in focus on December 24

DSIJ Intelligence Article rating: 3.2

On Thursday, benchmark indices ended on a positive note for the third straight session with Sensex ending up 384.72 points or 0.68 per cent at 57,315.28 level, and the Nifty was up 117.10 points or 0.69 per cent at 17,072.60 level supported by the positive global cues.

Tata Motors incorporates new EV arm Tata Passenger Electric Mobility Ltd
Tata Motors incorporates new EV arm Tata Passenger Electric Mobility Ltd

Tata Motors incorporates new EV arm Tata Passenger Electric Mobility Ltd

Tata Passenger Electric Mobility Ltd (TPEML) is the newly incorporated 100 per cent subsidiary of the automotive giant Tata Motors Ltd. with an authorized capital of Rs 700 crore. The entire paid-up share capital will be held by TML.

Shreya Banthia Article rating: 3.7

The incorporation of TPEML is according to a binding agreement of the automaker with private equity firm TGP Rise Climate for an investment of Rs 7500 crore by TGP Rise Climate into a wholly-owned subsidiary of Tata Motors, as informed by Tata Motors in its earlier press release on October 12, 2021. Tata Motors informed their intent to use the proposed investment by TGP to partly fund investment of USD 2 billion (over Rs 16,000 crore) in the next five years in expanding its EV business with a plan to Introduce 10 new EVs(by FY 26).

GPT Infraprojects soars 12 per cent after securing Rs 187.81 crore construction order
GPT Infraprojects soars 12 per cent after securing Rs 187.81 crore construction order

GPT Infraprojects soars 12 per cent after securing Rs 187.81 crore construction order

The company has current orders in hand of nearly Rs 2,072 crore

DSIJ Intelligence Article rating: 4.7

Shares of GPT Infraprojects were trading up by 14 per cent intraday on Thursday after the company bagged a deal valued at Rs 187.81 crore from Maharashtra Rail Infrastructure Development Corporation Limited. 

Five stocks witnessing short covering
Five stocks witnessing short covering

Five stocks witnessing short covering

Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.

Avalokita Pandey Article rating: 4.8

List of the stocks where sell positions are being covered in the F&O segment.

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