Stocks in News; TATAPOWER, RITES, BIOCON, LUPIN, RAILTEL, PATANJALI, INOXINDIA
AHMEDABAD, 10 MARCH:
Tata Power: Arm Tata Power Renewable Energy signs MoU with Andhra Pradesh Government to develop up to 7,000 MW of renewable energy projects. (Positive)
Hindustan Tin: Company has started commercial operations at its new manufacturing unit in Haryana, ahead of schedule. (Positive)
RITES: Company has received a Letter of Acceptance for a project of Rs 27.96 cr. (Positive)
Biocon: Company announces positive Results from Phase 3 Study of Yesintek Biosimilar to Ustekinumab for Chronic Plaque Psoriasis. (Positive)
AstraZeneca: Company received approval from the Central Drugs Standard Control Organisation to import and distribute Durvalumab solution for infusion for an additional indication. (Positive)
Lupin: Company launches Rivaroxaban Tablets in US, following the final approval from the US FDA (Positive)
Railtel Corp: Company has received an order from East Central Railway for Rs 47.5 crore. (Positive)
Oriental Rail: Company has received an order of Rs 42.9 crore for Vande Bharat. (Positive)
JSW Steel: Crude Steel Production: 24.07 Lakh Tonnes in February 2025, up 12% YoY from 21.50 Lakh Tonnes in February 2024 (Positive)
KRBL/LT Foods/Chamanlal Setia: 100% Broken Rice Export Allowed By India (Positive)
GMR Airports: Company hikes stake in Delhi Airport to 74% after acquiring Fraport’s 10% shareholding. (Positive)
IRB Infra: February toll collections up 14.4% at Rs 528.7 crore vs Rs 462.2 crore (YoY). (Positive)
Glittek Granites: Company sold a land plot (3,967 sq m + 18,438 sq m) to YJLINK India Private Limited for INR 39 Cr (Positive)
Medicamen Biotech: Company has partnered with Major South African Conglomerate to Register and Market Its Products (Positive)
Agarwaleye” Dr Agarwal’s Health Care Ltd has opened a new branch in Virar, Maharashtra (Positive)
Patanjali: Company announces that its mega food processing plant in Nagpur will commence operations (Positive)
Inox India: Company secures a 153-megawatt order for wind turbines in Tamil Nadu from a global clean energy company. (Positive)
Lemon Tree: Company announced the signing of two new license agreements for Keys Lite hotels in Madhya Pradesh. (Positive)
Shyam Metalics: Stainless steel sales grew by 110% YoY to 8,552 MT in February 2025, while stainless steel average realizations increased 10% YoY to Rs 1.29 lakh per MT (Positive)
Nazara Technologies: Board approved the sale of 94.86% equity stake in Openplay Technologies Pvt Ltd to Moonshine Technology Pvt Ltd for INR 104.34 Cr. (Positive)
Amara Raja: Company announced the settlement of equity shares of RNGalla Family Private Limited (RFPL) into four family trusts. (Positive)
HFCL: Company has secured a contract worth approximately INR 44.36 Crores from the Indian Army (Positive)
Bodal Chemicals: Government of India has recommended imposing anti-dumping duty on imports of Trichloro Isocyanuric Acid (Positive)
Omaxe: Company has launched New Singapore in Faridabad, with a project value of Rs 600 crore. (Positive)
NDR Auto: Company has received an offer letter from Maharashtra Industrial Township (MITL), offering 26.39 acres of land in Chhatrapati Sambhaji Nagar, Maharashtra, for Rs 37.60 crore (Positive)
BHEL: Delhi High Court upholds interim order of Rs 115 crore award in favour of the company (Positive)
CG Power: Company announced the incorporation of a step-down wholly-owned subsidiary, Axiro Semiconductor Turkey (Neutral)
Shilpa Medicare: US FDA issues Form 483 with 1 observation for Raichur-based Unit-1 of its arm Shilpa Pharma Lifesciences (Neutral)
APL Ltd: US FDA issues Form 483 with 1 observation for Vadodara facility (Neutral)
Kesoram: Stock Trades Ex-Date for Spin Off as merger with Ultratech ex date today (Neutral)
ONGC: OPaL exits from Dahej SEZ, to operate as domestic tariff area unit. (Neutral)
Sterlite Technologies: Company announced the resignation of its CFO, Mr. Tushar Shroff, and effective Mar 31, 2025. (Neutral)
HCL Infosystems: Shiv Nadar inks gift deed to give 47% shareholding of HCL Corp & Vama Delhi each to his daughter Roshni Nadar Malhotra. (Neutral)
IndusInd Bank: RBI approves reappointment of Sumant Kathpalia as MD & CEO for 1 year from March 24, 2025 to March 23, 2026 (Neutral)
Ontic Finserve: Company’s board approved the resignation of Ms. Manika Misra as Company Secretary cum Compliance Officer. (Neutral)
Sun TV Network: Company declared an interim dividend of Rs. 2.50 per equity share for FY24-25. (Neutral)
Radha Madhav: Company announced the resignation of Ms. Chandni Peswani as Company Secretary and Compliance Officer, effective March 7, 2025. (Neutral)
Syngene International Ltd: Company received a notice from the National Faceless Assessment Centre for Rs 3.25 cr penalty for Assessment Year 2015-16. (Neutral)
NMDC: Company to consider interim dividend for FY25 on March 17 (Neutral)
G R Infraprojects: Company declared an interim dividend of ₹ 12.50 per equity share for FY24-25. (Neutral)
Mahindra & Mahindra: February Production at 81,302 Units Vs 73,643 Units (YoY). (Neutral)
Sundram Fasteners: CRISIL Ratings Limited has reaffirmed the credit rating for short-term debt and commercial paper instruments. (Neutral)
CMS Info: The Supreme Court dismisses the appeal; the NCLAT judgment is upheld. (Neutral)
RCF: Company received a GST demand of Rs.9.81 cr from the Assistant Commissioner, GST Raipur on March 6, 2025. (Neutral)
Mazagon Dock: Company announced the appointment of Ruchir Agrawal as Director (Finance) for 5 years, effective March 7, 2025. (Neutral)
Coal India: Company signs MoU with IIT, Hyderabad to establish Centre of Clean Coal Energy & Net Zero at Hyderabad (Neutral)
CONCOR: Company has signed a MoU with The Energy and Resources Institute (TERI) for setting up a Centre of Excellence (COE) for green and sustainable logistics at TERI. (Neutral)
Hinduja Global: Merges step-down subsidiary Diversify Intelligent Staffing Solutions Inc with another step-down subsidiary Diversify ISS BGC Inc (Neutral)
DCAL: Board Meeting On March 12 to Consider and Approve the Proposal of Fund Raising by way of Issuance of Non-Convertible Debentures. (Neutral)
Premier Explosives: Company Incorporates Joint Venture Company Global Premier Ltd. (Neutral)
TAKE: Company announced the resignation of Mr. Chella Gowrishankar as Non-Executive Non-Independent Director). (Neutral)
Gensol Engineering: Promoters sold 2.37% of equity shares to unlock liquidity and reinvest in the business. (Neutral)
Vodafone Idea: Company received an order from the Income Tax Department for a Rs. 10.79 Cr penalty. (Neutral)
USL: Judgment upheld against USL in loan arbitration case. (Neutral)
Thangamayil: Board has approved the allotment of 36.42 lakh equity shares at an issue price of Rs 1,400 per rights equity share to eligible equity shareholders or applicants. (Neutral)
Neogen Chemicals: Company has reported a fire incident at its Dahej plant. (Negative)
Jai Corp: Company received a court order for a CBI investigation related to complaints against the company, its subsidiaries, and its chairman. (Negative)
IREDA: RBI has not acceded to the request of the company for equity investment for development and implementation of 900 MW Upper Karnali Hydro Electric Power Project in Nepal. (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.)
