Today’s top morning headlines - 20th December 2023

Good afternoon

Markets are trading in the green, with the NIFTY50 trading above 21,500 as of 12:30 pm. Here are the top stories for the day!

Top gainer: ONGC: 208 ▲ 8.6 (+4.2%)
Top loser: HCL Tech: 1,466 ▼ 21 (-1.4%)

:star: Varun Beverage hits 52-week high on new acquisition
The beverage maker rose more than 12% in the early trade. This comes after the company said it plans to acquire a 100% stake in a South Africa-based The Beverage Company (Bevco) Ltd for ₹1,320 crore. Bevco is engaged in the business of manufacturing and distributing non-alcoholic beverages.

:star: Wardwizard Innovations gains on new collaboration
Shares of the electric vehicle maker rose over 4% intraday after the company signed an MoU with Sharjah (UAE) based BEEAH Group to manufacture electric vehicles. As part of strategic alliance, both companies will conduct feasibility studies for the production of different electric vehicles in the UAE.

:star: India Shelter Finance lists at 25% premium
India Shelter Finance Corporation made a decent debut on the exchange, listing at a premium of over 25% today. The stock opened at ₹620 per share on NSE and BSE compared to the issue price of ₹493. The IPO of the home financing company was subscribed over 38 times.

:star: DOMS Industries share price extends gain
DOMS Industries stock extends gain post its stellar listing on the bourses. At 12:25 IST, DOMS share price was trading at ₹1,390 apiece on NSE, with a day high of 1,434 per share.