Stocks in News: MAZDOCK, HINDALCO, RVNL, LUPIN, KECINTER, BBTC, CESC, ADANIGREEN, NMDC

AHMEDABAD, 31 DECEMBER:

Mazagon Dock: Defence Ministry signs contract worth Rs 1,990 crore with company for air independent propulsion plug. (Positive)

Hindalco Industries: Government allocates Meenakshi Coal Mine in Odisha to the company. (Positive)

Clean Science: Clean Fino-Chem Limited, has begun commercial production of 2, 5-Dihydroxy-1, 4-Dithiane. (Positive)

RVNL: Company emerges lowest bidder for a Central Railway project worth Rs 137.2 crore. (Positive)

Lupin: Company acquires Huminsulin in India from Eli Lilly to enhance diabetes portfolio. (Positive)

KEC International: Company wins orders of Rs 1073 Cr. (Positive)

BBTC: Board of Directors approved the sale of 40.37 acres of land in Tamil Nadu for Rs 50.12 crores. (Positive)

Maan Aluminium: Company is further planning for expansion of its manufacturing business of Aluminium Extrusion & value added services. (Positive)

Prima Plastics: Company announces a 25% capacity increase at its Cameroon joint venture, Prima Dee-Lite Plastics SARL. (Positive)

AVG Logistics: Company is set to acquire a significant stake in Kaizen Logistics, a prominent player in India’s logistics sector. (Positive)

Vakrangee: Company to offer general insurance products through its network of Vakrangee Kendras. (Positive)

Shriram Properties: Company announced the strategic sale of a ~3.9-acre land parcel in Chennai. (Positive)

CESC: Noida Power has awarded a significant contract to Purvah Green Power, CESC subsidiary. (Positive)

Gokul Agro: Acquisition of fixed assets of edible oil refinery at Mangalore from M/s. Sri Anagha Refineries Private Limited. (Positive)

Karma Energy: Company Board approved the proposed sale of Bay Wind Projects Private Ltd , a wholly owned subsidiary of Karma Energy Ltd to M/s. Ram Krishna Iron Works Private Limited.. (Neutral)

PFC: Company informs about incorporation of a wholly owned Subsidiary of PFC Consulting Limited- Fatehgarh II And Barmer I PS Transmission Limited (Neutral)

MIC Electronics: Company announces the completion of a Rs. 51 crore investment in its wholly-owned subsidiary, SOA Electronics Trading LLC, in Dubai. (Neutral)

Pidilite Industries: Company received a GST penalty order of Rs. 1.15 Cr for the years 2017-18, 2018-19, and 2019-20. (Neutral)

Shera Energy: Company announces a 15% Increase in consolidated production capacity, rising from 41,130 MT to 46,750 MT. (Neutral)

Wipro: Company to acquire 100% stake in Applied Value Tech by Jan 31, 2025. (Neutral)

Century Enka: KG Ladsaria Resigns as CFO of the Company w.e.f. December 31, 2024. (Neutral)

Bank of India: Hikes lending rates by 5-10 bps on some tenures effective January 1, 2025. (Neutral)

Zydus Life: CRISIL Ratings has reaffirmed its credit ratings for Zydus Lifesciences’ various instruments and facilities. (Neutral)

Archean Chemicals: R Raghunathan resigned as CFO, effective January 20, 2025, due to personal reasons. (Neutral)

Bharat Forge: Subsidiary KSSL completed the acquisition of 25% of Edgelab S.p.A.’s share capital. (Neutral)

Adani Green: Mr Amit Singh, CEO, will step down on 31st March 2025, transitioning to another role within the Adani Group. Mr Ashish Khanna, currently CEO of Adani Group’s International Energy Business, will become the new CEO (Neutral)

Prataap Snacks: Company reports fire accident at Jammu manufacturing unit. There is no casualty due to the incident. (Neutral)

Medplus Health: Company unit Optival Health Solutions receives suspension order of Drug License. (Neutral)

NMDC: Additional charge of the post of Chairman cum-Managing Director (CMD), NMDC Limited assigned to Shri Amitava Mukherjee (Neutral)

Jubilant Ingrevia: Board Meeting held today has approved purchasing of 6.67% equity Share in Forum I Aviation Private Limited (Neutral)

Dhanlaxmi Bank: RBI approves appointment of P Suriaraj as the executive director of the bank for a period of 3 years (Neutral)

Reliance Ind: Reliance acquires a 45% stake in Health Alliance for $10 million. (Neutral)

Power Grid: Company sells 26% stake in four associate companies. (Neutral)

ITC: ITC Hotels will be listed on stock exchanges within 60 days of receiving the NCLT order dated 16th December (Neutral)

GMR Airports: Company issues letter of comfort worth 100 crore to ICICIBank towards working capital facility availed by arm. (Neutral)

Banking Stocks: Indian banks’ bad loans fall to a 12-year low, with the GNPA ratio at 2.6% in September 2024. However, RBI warns of potential stress in some sectors. (Neutral)

Ease My Trip: Promoter Nishant Pitti likely to sell up to 14.21% stake in Ease My Trip via block deals. (Negative)

Radhika Heights: Company and Its Subsidiaries Receive Notice on Bestech India’s Deficient Application for Residential colony over 28.8625 acres in Haryana. (Negative)

Ashoka Metcast: Company announced the resignation of Managing Director, Mrs. Leena Ashok Shah, effective December 30, 2024 (Negative)

Gujarat Gas: Morbi ceramic association has proposed 1 month complete shutdown from January 15, 2025 to February 15, 2025. (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.)