Stocks in News: GANDHAROIL, IOLCHEM, ROUTMOBILE, VIPIND, EIEL, VIPIND, nitco, SBIN, IRCON
AHMEDABAD, 19 DECEMBER:
Gandhar Oil: USFDA issues establishment inspection report for Tajola-based manufacturing facility. (Positive)
Brigade Enterprises: Company launches net-zero residential development brigade citrine. (Positive)
IOL Chemicals: Company to consider sub-division/split of existing equity shares on December 27. (Positive)
Route Mobile: Company expects improved operating efficiency after Proximus Group integration. (Positive)
Narayana Health: Company to raise prices to counter rising costs. (Positive)
VIP Industries: Company gets favourable tax order from Maharashtra government, contingent liability as on March 31, 2024 at Rs 358 crore (Positive)
EIEL: Net profit at Rs 36.3 cr versus Rs 12.1 cr, Revenues at Rs 213 cr versus Rs 119 cr. (Positive)
Gulshan Poly: Goalpara-based 250 KLPD plant gets PLI of ₹2/Litre of bio-ethanol for three years from Assam Government. (Positive)
Graphite/HEG: US graphite firms seek 920% duty to thwart China on EV material. (Positive)
JSW Infrastructure: Subsidiary, JSW Tuticorin Multipurpose Terminal, secured a ₹500 Cr term loan. (Positive)
Lupin: Company gets approval from U.S. FDA for ANDA for Emtricitabine and Tenofovir Alafenamide Tablets. (Positive)
Sanghvi Movers: Company has incorporated a wholly-owned subsidiary, Sanghvi Movers Middle East Limited, in Saudi Arabia. (Positive)
Presstonic Engineering: Company Wins Order Worth Rs 8.72 Cr. (Positive)
Morepen Laboratories: Company secured a Rs. 99 Cr working capital facility from Kotak Mahindra Bank. (Positive)
Afcom Holdings: Company signed an agreement with Taylor Logistics (TTK Group) to cover capacity and new destinations for its dry lease aircraft operations. (Positive)
Route Mobile: Company appoints Gautam Badalia as CEO of the company. (Positive)
Nitco: Company received a ₹105 crore order from Prestige group (Positive)
ABB: Company to acquire power electronics business of Gamesa Electric (Positive)
FDC: Company said it has received final approval from the USFDA for its Abbreviated New Drug Application for Cefixime 400 mg Tablets (Positive)
Vakrangee: Company partnered with Canara Bank as a Corporate Business Correspondent (CBC). (Positive)
Borosil Renewables: Board approves expansion of company’s production capacity by 500 tonnes per day with an estimated cost of ₹675 cr. Withdraws proposed right issue of shares worth Rs 450 crore (Neutral)
SBIN: Rama Mohan Rao Amara Takes Charge as SBI Managing Director (Neutral)
IRCON: Company appoints Alin Roy Choudhury as Chief Financial Officer of the company w.e.f. January 1, 2025 (Neutral)
Indowind Energy: Board approves a fresh rights issue of up to ₹50 cr for expansion requirements. (Neutral)
Swelect Energy: Company to raise up to ₹138.5 cr in one or more tranches via NCDs. (Neutral)
Godrej Consumer Products: Company ranked among the top 3 global FMCG companies for sustainability in the Dow Jones Sustainability Index 2024. (Neutral)
TARC: Reaffirms commitment to transparency amid regulator review (Neutral)
Infosys: Company inaugurates new state-of-the-art development center in Kolkata. (Neutral)
Bank Baroda: Board approved raising of long term bonds for financing of infrastructure and affordable housing aggregating to total size upto Rs. 10,000 crore (Neutral)
Wipro: Company Has Incorporated Capco Consulting Middle East Fze As A Step-down Subsidiary In Dubai. (Neutral)
IRCON: Company appoints Alin Roy Choudhary as new CFO. (Neutral)
Glenmark Pharmaceuticals: Company acquired a 34% stake in O2 Renewable Energy XXIV Private Limited. (Neutral)
Deepak Fertilisers: Company announced the reappointment of Mr. Jayesh Hirji Shah as an Independent Director for a 5-year term (Neutral)
Continental Petroleums: Company appointed Mr. Navneet Khandelwal as CEO on Dec 16, 2024. (Neutral)
Dharmaj Crop: Company approved the incorporation of a wholly-owned subsidiaryfor Agro Chemical business (Neutral)
ITC: Company acquired additional shares in EIH Ltd & HLV Ltd from its subsidiary, Russell Credit Ltd. (Neutral)
Tata Communications: Company issued ₹250 crores in Commercial Paper (CP). (Neutral)
Allcargo Gati: Total volume, including surface & Air Express at 102kt down 12.8% MoM & up 2% YoY. (Neutral)
DOMS: Italian stationery maker FILA cuts stake in listed Indian unit DOMS. (Neutral)
Yatharth Hospital: Company opens QIP, sets floor price at ₹626.18/sh. (Neutral)
IPCA Labs: Promoter Usha M Chandurkar sells 1.6% stake (40 lk shares) in the company for ₹601 cr at an avg price of ₹1,501.52/sh. (Neutral)
Zaggle Prepaid: Opens QIP, Sets Floor Price At ₹550.73/Sh (Neutral)
Gujarat Toolroom: To Open QIP On December 19, Sets Floor Price At ₹13.98/Sh (Neutral)
Asian Paints: Vishu Goel resigns as Associate Vice President, Retail Sales, Commercial & Marketing of the company. Shyam Swamy resigns as Vice President, Home Improvement, Décor, Services & Retailing of the company (Negative)
