Stocks in News: ADANIGREEN, GRINFRA, HAL, WELSPUNCORP, VEDANTA, IEX, MOIL

Listing of Premier Energies

Symbol:	PREMIERENE
Series:	Equity “B Group”
BSE Code:	544238
ISIN:	INE0BS701011
Face Value:	Rs 1/-
Issued Price:	Rs 450/- per share

AHMEDABAD, 3 September:

HAL: Cabinet Committee on Security approves procurement of 240 aero-engines for IAF’s Su-30 MKI aircraft from HAL worth ₹26,000 crore (Positive)

Matrimony .com: Company to consider proposal for buy back on September 5 (Positive)

G R Infraprojects: Company to divest 100% equity stake/investment held in unit GE Aligarh Kanpur Highway, co approved acquisition of 100% stake in unit tumkur-ii rez power transmission (Positive)

Adani Green: Board approved the joint venture agreement subsidiary and Total Energies pursuant to which, Total Energies will make further investment of approx. USD 444 Mn to form a new 50:50 JV to house a 1,150 MWac portfolio. (Positive)

Welspun Corp: Company’s board approves investment of $100 million by arm Welspun Pipes. (Positive)

Vedanta: Company declares dividend of Rs 20 per share. (Positive)

Lemon Tree: Company signs license pact for 80-room hotel in Gir, Gujarat. (Positive)

CIE Automotive: Company to subscribe up to 27% of equity of IJYA renewables India and invest an amount up to Rs 25.5 million towards subscription of its equity shares (Positive)

GPT Infra: Company declared lowest bidder for a project worth Rs 204 cr from South East Railways Kolkata. (Positive)

Maruti: August production at 168,953 vs 165,402 (YoY) (Positive)

Kanoria Chemicals: Company completed expansion of formaldehyde production capacity at ankleshwar, production of additional capacity of 345 MT per day to start SEPT 6. (Positive)

Triveni Engineering: Company eyes margin expansion after govt revises ethanol production norms (Positive)

Muthoot Finance: Company’s Microfinance arm Belstar Microfinance gets SEBI’s approval to launch its IPO (Positive)

Gensol Engineering: Consortium emerges lowest bidder for green hydrogen project worth ₹164 crore (Positive)

IEX: Subsidiary has entered into an “issuer agreement” with the International Tracking Standard Foundation and Evident EV Ltd (Positive)

Bajaj Finance/Finserve: Bajaj Housing FInance sets IPO price band at Rs 66-70/share. (Positive)

Medi Assist: Bessemer India likely to sell stock worth up to $64 m of Medi Assist at ₹570/sh (7.7% discount to CMP). (Neutral)

Hindustan Composites: Company to buy 1.5 lakh Swiggy shares for Rs 5 crore. (Neutral)

Zee Entertainment: Shiva chinnasamy appointed as chief technology & product officer. (Neutral)

Piramal enterprises: Company approved issue of non-convertible debentures up to Rs 1 billion. (Neutral)

MIRC Electronics: Company approved raising of funds via issuance of shares worth Rs 500 million, Company says raising of funds through right issue basis. (Neutral)

Concord Control: Company approved preferential issue of shares worth up to Rs 500 million (Neutral)

Adani Power: Supreme Court seeks response from Himachal Pradesh on Adani Power’s ₹280 crore refund claim. (Neutral)

RITES: Company received an order from the SGST with a tax demand totalling ₹38.3 crore. (Neutral)

IREDA: Company aims to complete fundraise process within two-three months. (Neutral)

Vodafone Idea: Company receives Rs 73 crore demand orders from GST offices for tax dues, penalties, and interest. (Neutral)

Brigade Enterprises: Company approves floor price of QIP at Rs 1,164.7/share. (Neutral)

Brainbees: Approves further invests Rs 105 crore in Frootle India & Rs 1.05 crore in Wellspire India. (Neutral)

HDFC Bank: Copthall Mauritius Investment offloaded 10.2 lakh shares at Rs 1,636.9 each. (Neutral)

Sterlite Tech: Company settles Singapore dispute with Data Management Centre for $467,400. (Neutral)

NMDC: Production Down 10% At 3.07 mt Vs 3.41 mt (YoY) (Negative)

MOIL: Company cuts prices of Ferro-Grade Manganese Ores with Manganese content of Mn-44% and above by 20%. (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.)