Stocks in News: biocon, emami, sjvn, nhpc, railtel, cesc, gptindia

AHMEDABAD, 2 SEPTEMBER

Biocon: Company gets ANDA approval for Sacubitril/Valsartan Tablets from the US FDA. Company receives EIR from U.S. FDA for Visakhapatnam API facility. (Positive)

Emami: Company enters binding agreement to acquire 100% stake in Helios Lifestyle. (Positive)

SJVN, NHPC and RailTel: Government upgrades to Navrtana CPSEs. (Positive)

Genus Power: Company incorporates arm Genus Mewar Smart Metering. (Positive)

Waaree Renewable: Company units Sunsational solar Pvt ltd and Sunsantional energy Pvt ltd has been incorporated, entities being acquired belongs solar renewable sector. (Positive)

CESC: Company unit Purvah green power Pvt ltd has incorporated a wholly owned subsidiary named Greenpulse power Pvt ltd, entity being acquired belongs to renewable power sector (Positive)

GPT Infra: Company declared lowest bidder for a project worth Rs 204 cr from South East Railways Kolkata. (Positive)

Century Textiles: Birla estates signed an agreement to co-develop land parcel in Noida, agreement to co-develop a land parcel covering 131 acers (Positive)

Indian Hume Pipe: Company gets LoI for order worth Rs 859 crore. (Positive)

Insecticides (India): Company approved buyback up to Rs 500 Million, buyback price of Rs 1000 per share (Positive)

Fortis Health: Company to acquire PE Investors’ stake in Agilus Diagnostics (Positive)

Ansal housing: Company signed and executed restructuring agreement with suraksha asset reconstruction (Positive)

Lemon Tree Hotels: Company signs license pact for 72-room hotel in Amritsar (Positive)

RITES: Company has emerged as the lowest bidder (L-1) for a USD 2.67 cr contract to supply, test, and commission 4 diesel multiple units (Positive)

Netweb Technologies India: Company Launch of New Products for Advanced Server Systems (Positive)

Hazoor Multi Projects: Company gets order worth Rs 400 Million from welspun enterprises for stacking and dewatering work (Positive)

Anup Engineering: Company and graham join forces to expand manufacturing and supply capabilities, agreement will enable Anup engineering to manufacture and supply a wide range of critical products (Positive)

Juniper Hotels: Company to enter into agreement to acquire 220-room hotel asset near Bengaluru airport built over 6.5 acres of land designed to be a five-star hotel property (Positive)

W S Industries: Company approved availing fresh working capital facility from union bank of India, Company to raise Rs 250 Million. (Positive)

BLS International: Company approved share purchase agreement to acquire 51% stake in SLW media, entity being acquired belongs to media, advertising, broadcasting, event management and related services (Positive)

Gujarat Gas: Company approved amalgamation of GSPC, GSPL and GEL with GGL. (Positive)

Centum Electronics: Company wins order worth Rs 109.58 cr from Defense research and development organisation for Intersatellite link & other payload subsystems (Positive)

Steel Stocks:Indian primary mills hike rebar prices by Rs 750-1000/ton (Positive)

Bajaj Finance/Bajaj Finserve: Arm Bajaj Housing Finance files DRHP with SEBI (Positive)

Oil Upstream stocks: India Lowers Windfall Tax on Domestic Crude to Rs 1850 a Ton vs Rs 2100 / ton, Reduction of 11.9% (Positive)

Hero Motocorp: 2-wheeler sales at 5.12 lakh units Vs Estimate of 5.10 Lk Units. (Positive)

Maruti: Domestic Sales at 1.55 Lk Units Vs Estimate of 1.53 Lk Units (Positive)

TVS Motors: Total Sales Up 13% at 3.91 Lk Units Vs 3.45 Lk Units (YoY) Est 3.83 Lk Units. (Positive)

VST Tillers: Total Sales Up 9.4% at 4,416 Units Vs 4,037 Units (YoY). (Positive)

Tata Motors: Company approves allotment of 35.6 cr shares to TML Securities Trust. (Neutral)

ICICI Lombard: Company gets GST demand worth Rs 289 crore including interest & penalty for FY20. (Neutral)

Eicher Motors: VECV Sales Up 1% At 6,543 Units Vs 6,476 Units (YoY). (Neutral)

Adani Enterprises: Company arm incorporates Airports Infrastructure PLC in Kenya. (Neutral)

SJS Enterprises: Company enters agreement with Sunsource energy, Suryaurja one, Agreement for supply of up to 3 MWP of solar power for Rs 10.5 million. (Neutral)

Adani energy: Company executed share purchase agreement with REC power development and consultancy, Company agreement for acquiring 100% equity shares of Khavda IVA power transmission (Neutral)

Power Finance Corp: Company says BHADLA-iii & BIKANER-ill transmission transferred to power grid corp of India, deal for Rs 122.2 Million. (Neutral)

JK Lakshmi Cement: Nand Gopal Khaitan and Ravi Jhunjhunwala cease to be Directors effective 31st August, 2024 (Neutral)

HBL Power Systems: Company board approves proposal for change in name of the company to HBL Engineering (Neutral)

Infosys: Company get notice for over Rs 3 crore tax penalty. (Neutral)

Birla Corp: Company to buy 3.12 % Stake in Continuum MP Windfarm Development Private Limited for Rs 13.91 Cr to source wind-solar power. (Neutral)

Hindustan Aeronautics: Ananthakrishnan ceases to be Director and CFO (Neutral)

SBI: Government nominates Nagaraju Maddirala as Director on Central Board of Directors at Bank with immediate effect. (Neutral)

KIMS: Company acquired 100 % equity stake of Chalasani hospitals, deal for Rs 280 million. (Neutral)

Canara Bank: Moodys assigns Bank AA3 rating with stable outlook to the issue of up to $500 million notes (Neutral)

Ashoka Buildcon: Company issued commercial papers of Rs 500 Million (Neutral)

LIC: Company cuts stake in HDFC AMC to 2.88% from 4.9% from July 1 to August 29 (Neutral)

Brainbees Solutions: Net loss at Rs 56.7 cr vs loss of Rs 90.1 cr, Revenue at Rs 1650 cr vs Rs 1410 cr (YoY) (Neutral)

Axis Bank: Company proposes to raise funds up to Rs 40 Billion via NCDS (Neutral)

Aditya Birla Capital: completes 50% stake sale of Aditya Birla Insurance Brokers to Samara Capital arm Edme Services. (Neutral)

NBCC: Bonus issue announced in the ratio 1:2. Record date: Oct 7. (Neutral)

Dr Reddy: National Medical Products Administration China has suspended the import, sale, and use of the Company’s Atomoxetine Hydrochloride Capsules effective Aug 30. (Neutral)

Maharashtra EPC: Bags order worth Rs 14.36 Cr (Neutral)

IOC: Commercial LPG price increased by Rs 39/cylinder (Neutral)

NMDC: Dantewada (Chhattisgarh) administration imposes Rs 1,620.5 Cr penalty on NMDC for violations (Negative)

MOIL: Company cuts prices of Ferro-Grade Manganese Ores with Manganese content of Mn-44% and above by 20%. (Negative)

Tata Motors: Total Sales At 71,693 Units Vs 78,010 Units (YoY) Est 74, 300 units (Negative)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)