Stocks in News: Swiggy files ₹3,750 crore IPO to expand quick commerce, pay off debt
RAILTEL, RITES, BIOCON, ADANIGREEN, SUNPHARMA, RVNL, SJVN, LEMONTREE, TORRENTPHARMA, NUVAMA, LIC
AHMEDABAD, 27 SEPTEMBER:
Railtel Corp: Company gets work order Rs 1.56 billion from rural development department, Mantralaya, Maharashtra (Positive)
RITES: Consortium emerges lowest bidder in a Delhi Metro project worth ₹87.58 cr. (Positive)
Netweb Technologies: Company received an Intel Partner Award for Outstanding Growth in the Data Center & AI Group. (Positive)
Biocon: Company partners with Tabuk pharmaceuticals to commercialize its glucagon-like Peptide-1 (GLP -1) products in the Middle East region. (Positive)
Anuh Pharma: Company has received approval from EDQM for CEP of Allopurinol API which is used to treat Gout and High Uric Acid Levels. (Positive)
Infosys: Company announces strategic collaboration with Sally Beauty (Positive)
Sobha: Credit ratings of the company has upgraded by ICRA Limited. (Positive)
Jubilant Pharmova: Company announced that the USFDA completed an audit of its Allergy Immunotherapy and Contract manufacturing facilities in Spokane, Washington, with no observations. (Positive)
Yatharth Hospital: Company receives mega target price on expectations of exponential boost in topline. (Positive)
Zomato: Swiggy files ₹3,750 crore IPO to expand quick commerce, pay off debt (Positive)
Adani Green: Company and Total Energies finalise $444-million JV for Gujarat solar projects (Positive)
PEL: Arm Piramal Capital & Housing Finance sells immoveable property comprising of land & building situated at Santacruz East, Mumbai Property for ₹187 crore (Positive)
Elgi Equipments: Company’s subsidiary, Elgi USA, is divesting its entire stake in its joint venture (Positive)
Marsons: Company gets LOI worth Rs 6.75 billion from Nacof Oorja to develop a 150 mw (ac) grid-interactive ground-mounted solar PV Power generation plant in Rajasthan (Positive)
Sun pharma: Company presents new clinical efficacy and safety data in severe dermatological conditions at the 2024 EADV congress, new data demonstrate improved hair satisfaction in more than 95% of patients taking DEURUXOLITINIB (Positive)
Thangamayil Jewellery: Company announced a proposed rights issue of up to Rs 600 Crores to raise funds. (Positive)
Lemon Tree: Company announced a new hotel in Sasan Gir, Gujarat, expected to open in FY 2026 (Positive)
PC Jeweller: Bank of India approved to one-time settlement proposal submitted by Company (Positive)
RVNL: Company has signed a MoU with Engineers India Limited to explore global business opportunities, share information, and collaborate on infrastructure projects (Positive)
Max Healthcare: Company executes share purchase agreement with Jaypee Infratech & Lakshadweep Group for Rs 398 crore. (Positive)
SJVN: Company inks two initial pacts with #Maharashtra government for developing pumped storage and floating solar projects with investment of Rs 48,000 crore. (Positive)
Union Bank: Joint Forum of AIUBEF, AIUBSF, UBSA and UBIEU, Delhi, consisting of Customer Service Associates and Office Assistants propose to go on Strike On September 27, 2024. (Neutral)
Nuvama: Edel Finance & Ecap Equities to sell 6.4% equity in Nuvama Wealth Management via block deals, floor price for the deal is at ₹6,455/sh (Neutral)
Pricol Ltd: Company has appointed Mrs. Manoharan Malavika Thothala as an Independent Director for a 5-year term starting October 1, 2024. (Neutral)
Ask Automotive: Company to exercise oversubscription option up to 0.55% for offer for sale by promoter. (Neutral)
Ola Electric: Company launches ‘Network Partner Program’, Onboards over 600 partners to accelerate EV adoption and Endiceage pan India. (Neutral)
KNR Constructions: Company Board Meeting on 26th September 2024 appointed Shri W R Reddy as Chairman, effective 1st October 2024. (Neutral)
Indian Bank: Bank’s Board approved raising an additional Rs.5000 crore in Long Term Infrastructure Bonds, bringing the total to Rs.10,000 crore for FY 2024-25. (Neutral)
Escorts Kubota: Escorts Kubota finance limited, a wholly-owned subsidiary of Company, has received a certificate of registration from the RBI to operate as a non-banking financial institution. (Neutral)
IndiGo: Company appoints Isidro Porqueras as COO, effective November 1, 2024 (Neutral)
Torrent Pharma: Company refutes claims of Shelcal 500 allegedly failing CDSCO quality test (Neutral)
LIC: S Sunder Krishnan resigns as Chief Risk Officer of Life Insurance Corporation of India. (Neutral)
Uno Minda: Company acquired 49% stake of Minda Nabtesco automotive from Nabtesco automotive corporation for Rs 13 million (Neutral)
ADF Foods: Company approved acquisition of remaining 30% stake from minority members of vibrant foods, entity being acquired belongs to food sector (Neutral)
HDFC Bank: Sells a housing loan portfolio of about $717 million to reduce credit book. (Neutral)
KEC International: Company raises Rs 870 crore through a qualified institutional placement offer. (Neutral)
PNB: Bank closes QIP, sets floor price at Rs 103.75/share. (Neutral)
Godrej Properties: Company’ board will meet on October 1 to consider a proposal to raise funds through the issue of securities (Neutral)
AB Capital: Company invests Rs 500 crore in AB Finance via rights subscription (Neutral)
Tyre Stocks: CRISIL report: Rising natural rubber prices to hit tyre maker margins, supply deficit may triple. (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.)
