Stocks in News: ABREALESTATE, NBCC, IRFC, SHILPAMED, STARCEMENT, VLINFRA, TORRENT, IRCON, VEDANTA
AHMEDABAD, 18 MARCH:
Aditya Birla Real Estate: Company’s arm Birla Estates launches residential project ‘Birla Punya’ in Pune; total revenue potential at ₹2,700 crore. (Positive)
NBCC: Company bags order worth ₹44.62 cr from Mahatma Gandhi Institute for Rural Industrialization, Wardha (Positive)
Shilpa Medicare: Company’s arm Shilpa Biologicals enters into binding term sheet with Switzerland-based mAbTree Biologics AG for development, manufacture, marketing & sale of a New Biological Entity. (Positive)
Star Cement: Company’s subsidiary, Star Cement Meghalaya Ltd, was chosen as the preferred bidder for a limestone block in Assam. (Positive)
Suraj Industries: Company has signed a manufacturing agreement with Carya Chemicals & Fertilizers Private Limited for producing country liquor and Rajasthan liquor. (Positive)
City Union Bank: Bank opened 2 new branches on March 17, 2025, bringing the total number of branches to 852. (Positive)
V.L. Infraprojects Ltd: Company has secured Rs 26.37 crore order from Gujarat Urban Development Company Ltd. (Positive)
Coffee Day Enterprises: Company Settles Outstanding Debt for Rs 2.05 Billion (Positive)
Cellecor Gadgets: Company Expands Presence in South India through Partnership with B New Mobiles and celekt Retail Chains, Projecting Rs 500 Million in Annual Business. (Positive)
Zota Health Care: Company received product registration license for AZITOZ 500 antibiotic in Cambodia. (Positive)
Ircon: Gets order worth of Rs 1096 crore by construction of a new secretariat complex, including campus infrastructure, in Meghalaya’s New Shillong City. (Positive)
Vedanta: Chairman Anil Agarwal says demerged entities to have independent & empowered management, distinct capital structures and a robust body of assets (Positive)
Ratnaveer: IVR reaffirmed as IVR BBB+ with outlook revised from stable to positive for long term and short term facilities. (Positive)
Morepan: Company launched Empamore, a cost-effective treatment for Type 2 Diabetes, Heart Failure, and Chronic Kidney Disease (Positive)
PC Jeweller: Company allotted 51.71 Cr equity shares to consortium lenders to settle outstanding debts. (Positive)
Sumit Woods: Company has received the Occupation Certificate (OC) for its premium residential project, Gurukrishna, in Vile Parle Easy (Positive)
Shalimar Paints: 34 entities settle takeover norms violation case with SEBI (Positive)
Suryoday SFB: CEO Baskar Babu Ramachandran buys 1.5 lakh shares, promoter holding rises to 22.44%. (Positive)
Alembic Pharma: Arm Alembic Global Holding SA Incorporates Wholly-owned Subsidiary ‘Alembic Lifesciences Inc’ In US. (Positive)
JSW Energy: CCI approves acquisition of 100% shareholding of O2 Power Midco Holdings & O2 Energy SG by JSW Neo Energy. (Positive)
Swiggy: Company said its quick commerce platform Swiggy Instamart has expanded its quick commerce services to 100 cities across India (Positive)
NMDC: Company declares first interim dividend for FY25 Rs 2.3/Sh. Record date for the said interim dividend has been fixed on March 21. (Neutral)
IRFC: Company announces interim dividend of Rs 0.80 per equity share. (Neutral)
ONGC-NTPC Green: Companies will together invest Rs 27,000 crore, including the under-construction projects of Ayana Renewable Power. (Neutral)
ESAF Small Finance Bank: Non-Convertible Debentures credit rating has been reaffirmed by CARE Ratings. (Neutral)
JM Financial: Board approves business transfer agreement with arm JM Financial Services for transfer of compay’s private wealth business. (Neutral)
Gopal Snacks: Board appointed Mayur Gangani as Company Secretary & Compliance Officer. (Neutral)
IREDA: Board approved increasing its borrowing program for FY24-25 by Rs. 5,000 Cr. (Neutral)
Endurance Technologies: Company Accepts Separation of 57 Workmen under VSS, Pay-Out of Approximately Rs 106.35 million towards VSS (Neutral)
Kapil Cotex: Company announced the resignation of Mrs. Nishi Jain, Company Secretary & Compliance Officer, and effective March 17, 2025. (Neutral)
Avon Mercantile: Company appointed Ajay Singh as its new Chief Financial Officer (CFO) and Key Managerial Personnel effective March 17, 2025. (Neutral)
Sundaram Finance: Company completed the acquisition of 100% stake in Forge 2000 Private Limited on Mar 17, 2025. (Neutral)
LIC: Company appoints Shatmanyu Shrivastava as Chief Risk Officer of the company w.e.f. March 19, 2025 (Neutral)
Puravankara Ltd: Company announced the resignation of Mr. Rajesh Manik Sarkar, CHRO President, and effective March 31, 2025. (Neutral)
Concord Drugs: Board has temporarily postponed its plan to raise funds through a preferential share issue and increase authorized capital. (Neutral)
Sayaji Hotels: Company appointed Ms. Kajal Jain as Company Secretary and Mr. Goverdhan Singh Panwar as Chief Financial Officer. (Neutral)
Muthoot Capital: Company announced the listing of ₹15 Cr commercial paper on BSE. (Neutral)
Vantage: Company Secretary & Compliance Officer, Ms. Monika Dedhiya, has resigned. (Neutral)
Sagar Soya: Company has changed its name to Signature Green Corporation Ltd., as approved by members via postal ballot. (Neutral)
Asian Paints: Company to consider final dividend for FY25 on May 8. (Neutral)
Tata Motors: Company incorporates arm ‘Tata Motors Digital .AI Labs’ (Neutral)
Indusind Bank: Moody’s affirms IndusInd Bank ratings; places baseline credit assessment on review for downgrade. (Neutral)
HUL: CCI approves Hindustan Unilever’s Acquisition of Minimalist Brand-owner Uprising Science. (Neutral)
Samvardhana Motherson: Company to consider interim dividend for FY25 on March 21. (Neutral)
Bajaj Finserv: Company said it has approved the acquisition of Allianz SE’s entire 26% stake in their joint insurance ventures. (Neutral)
ONGC: Company has received a Goods and Services Tax (GST) demand order amounting to ₹22 crore from the Joint Commissioner, State Tax, Circle C, Jodhpur (Neutral)
Castrol: Ex-Dividend date today, total dividend Rs 9.5/Sh (Neutral)
DIC India: Ex-Dividend date today, final dividend Rs 4.0/Sh (Neutral)
CG Power: Board meeting today to consider interim dividend (Neutral)
Bank of Maharashtra: SEBI issues administrative warning to Bank of Maharashtra for non-conduct of atleast 1 meeting of nomination & remuneration committee in FY23 & FY24. (Negative)
Triveni Engineering: Company reports an explosion incident at CO2 Plant at Uttar Pradesh-based Sabitgarh Sugar unit of the company. (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.)
