The stock market is constantly evolving, with companies making crucial decisions that impact investors. Here are some of the latest stock market updates involving Power Grid, Prestige Estate, Hindustan Aeronautics Limited (HAL), ACC, and the recent NSE lot size revision.
Power Grid Investment Approval
Power Grid Corporation of India Limited has approved an investment of Rs 673.08 crore for the procurement of six 397 MVA converter transformers. These transformers will be used for the Talcher-Kolar HVDC Link, a critical infrastructure project enhancing India's power transmission network.
Prestige Estate Equity Investment
Prestige Estate has approved an investment in the equity shares of Prestige Hospitality Ventures Limited, a wholly owned subsidiary (WOS). The total investment will not exceed Rs 1,625.04 crore, and it will be executed through a rights issue subscription. This move is expected to strengthen Prestige Estate's position in the hospitality sector.
HAL Secures Rs 62,700 Crore Defence Contract
Hindustan Aeronautics Limited (HAL) has signed a massive Rs 62,700 crore contract with the Defence Ministry for the supply of 156 light combat helicopters. This deal solidifies HAL's role as a key player in India's defense sector, ensuring a boost in the country's aerospace capabilities.
ACC Leadership Changes
ACC has announced key leadership changes effective April 1, 2025:
Ajay Kapur will step down as CEO of the company on March 31, 2025.
Vinod Bahety has been appointed as the new CEO.
Rakesh Tiwary has been appointed as the new CFO.
These changes signal a strategic shift in leadership aimed at driving future growth and innovation within the company.
NSE Revises Market Lot Sizes
- The National Stock Exchange (NSE) has announced revisions to the lot sizes for key indices:
- Nifty Bank market lot increased from 30 to 35.
- Nifty Mid Select market lot increased from 120 to 140.
- Nifty 50 market lot remains unchanged at 75.
- Nifty Financial Services market lot remains unchanged at 65.
- Nifty Next 50 market lot remains unchanged at 25.
- Contracts expiring on April 24, May 29, and June 26 will continue with the old lot size.
- The first contract with the revised lot size will be the July 2025 expiry.
These changes aim to optimize trading efficiency and liquidity in the derivatives market.
These updates indicate significant movements in the stock market, with investments, leadership transitions, and regulatory adjustments shaping the financial landscape. Investors should stay informed and consider these developments while making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to conduct their research and consult financial experts before making any investment decisions.
