Stocks in News at Glance 1=3=23

Zydus Life: Company gets final nod from the US FDA for Apixaban Tablets, 2.5 mg & 5 mg & Olmesartan Medoxomil & Hydrochlorothiazide tabs (Positive)

Bharat Electronics: The company has signed a frame supply agreement with TRDS for the manufacture and supply of TR modules, radar LRUs (line replaceable units) and micro modules. (Positive)

Seamec: The company has entered into a charter party with HAL Offshore for the charter hire of the vessel ‘Seamec Paladin’ for an ONGC contract for a period of 5 years (Positive)

Samvardhana Motherson: The company has announced the completion of the purchase of assets of frame manufacturing and assembly operations of Daimler India Commercial Vehicles (Positive)

Aviation stocks: ATF price cut to ₹1.07 lk/kL from ₹1.12 lk/kL in Delhi (Positive)

MOIL: Company hikes price of manganese ore with Manganese content of Mn-44% and above by 8% w.e.f March 1 (Positive)

Max Ventures: NCLT New Delhi approves Resolution Plan of Max Ventures’ arm, Max Estates (Positive)

Reliance Industries: Company sets up a subsidiary Reliance SOU to develop properties for commercial use (Positive)

Power Grid: Company is declared as the successful bidder to establish an inter-state transmission system for the “establishment of Khavda pooling station-3. (Positive)

Biocon: Integrated Core Strategies (Asia) Pte Ltd acquired 80.61 lakh shares in the company (Positive)

MCX: Announces the launch of Crude Oil Mini (10 barrels) Futures contracts. (Positive)

LT Foods: Allotted 27,408,164 Shares of the Company to SALIC International Investment Company (Positive)

Hathway Cable: Rajan Gupta resigns as Managing Director & Director w.e.f. March 10 (Neutral)

Aban Offshore: Company completes the sale of Drillship Aban ICE (Neutral)

Delhivery: Softbank to sell $100 mn in Delhivery shares (Neutral)

Adani Enterprises: Subsidiary is declared as the preferred bidder and subsequently received a Letter of Intent from the Odisha government for the Kutrumali bauxite block in Odisha. (Neutral)

Axis Bank: Completes acquisition of Citibank’s India Consumer Biz for ₹11,603 cr (Neutral)

Bank of India: To hike lending rates by 10 bps across tenures w.e.f. March 1 (Neutral)

NTPC: Company completes transfer of 15 Renewable Energy assets to arm, NTPC Green Energy (Neutral)

Tata Power: Subsidiary has approved the allotment of 20 crore compulsorily convertible preference shares at a face value of Rs 100 each (Neutral)

State Bank of India: Bank has concluded $1 billion through Syndicated Social Loan (Neutral)

HDFC-HDFC Bank: NCLT Reserves Order In HDFC-HDFC Bank Merger Case. Written Order Awaited From Court (Neutral)

Hathway Cable: Rajan Gupta has tendered his resignation as Managing Director and Director of the company due to personal reasons (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.)