Stocks in News: AstraZeneca, BIOCON, AshianaHousing, ElproInternational, TATA STEEL, SANOFI, ARVIND

AHMEDABAD, 7 APRIL:

AstraZeneca: Company gets Central Drugs Standard Control Organization (CDSCO) permission to import for sale and distribution of Osimertinib Tablets for an additional indication (Positive)

Ashiana Housing: Company has agreed to acquire a 7-acre land parcel in Panvel, Maharashtra, for a senior living project. (Positive)

Elpro International: Company announced a credit rating upgrade from CARE Ratings Limited. The long-term bank facilities rating has been upgraded from CARE BBB+; Stable to CARE A-; Stable. (Positive)

Anlon Technology: Company received an order from Yamuna International Airport Private Limited. The order includes the supply, installation, testing, operation, and maintenance of two mechanical runway sweepers, with a 2-year warranty, for a total of Rs 9.50 Cr. (Positive)

Rane Holdings: Company announced that its wholly-owned subsidiary, Rane Steering Systems Private Limited, sold land in Chengalpattu, Tamil Nadu, measuring 3.995 acres for Rs 50.50 Cr on April 04, 2025.. (Positive)

Godrej Properties: Company to develop a residential project in Versova, Mumbai, and estimated revenue potential at Rs 1,350 crore. (Positive)

Puravankara: Subsidiary Starworth Infrastructure received a Letter of Intent (LOI) from Ranka Properties for the ‘Ranka Ankura’ project. The contract value is 118.63 Cr for Concrete and Blockwork. (Positive)

Baazar Style Retail: Company aims to be debt-free in 2–3 years, says MD (Positive)

Biocon: The Board has approved the issuance of commercial papers up to Rs 600 crore in one or more tranches on a private placement basis. (Neutral)

Bajel Projects: The Board has appointed Nitesh Bhandari as Chief Financial Officer and Joint President of the company, effective May 1. (Neutral)

Moneyboxx Finance: Company has opened a new regional office in Bengaluru, Karnataka, and effective April 4, 2025. (Neutral)

Popular Vehicles: CRISIL has re-affirmed the long-term rating at CRISIL A/Stable. (Neutral)

Tata Steel Ltd: Company received a show cause notice & an assessment order from the Income Tax Dept. regarding the waiver of Rs 25,185.51 Cr debt from the acquisition of Bhushan Steel in 2018. (Neutral)

Sanofi Consumer: Company announced the resignation of Ms. Maithilee Mistry, Whole-time Director and CFO, effective May 5, 2025 (Neutral)

Arvind: Company Incorporates Unit Arvind New Technologies. (Neutral)

Allied Digital Services Ltd: CRISIL reaffirmed the long-term rating of BBB+/Stable and assigned a short-term rating of A2. (Neutral)

H.G. Infra Engineering Ltd: Company announced that CARE Ratings Limited has assigned a CARE AA; Stable rating to its Long Term Bank Facilities, amounting to Rs 200.00 crore.. (Neutral)

Jindal Worldwide: Company announced the appointment of Mr. Ashish Thaker as Company Secretary and Compliance Officer, effective April 4, 2025 (Neutral)

Aavas Financiers: Q4 update, AUM up 18% on-year, disbursements rise 7%. (Neutral)

Max Estates: Company received a show cause notice from the Central GST Dept. regarding ineligible ITC claims related to legal expenses for business acquisitions & investments from FY18-19 to FY22-23, totaling Rs 22.54 Million. (Neutral)

Himadri Speciality: Company announced the acquisition of a 60% stake in Trancemarine and Confreight Logistics Private Limited for Rs 4.23 Cr. (Neutral)

KSB Ltd: Company has received an award letter under the PM-Kusum Scheme for approximately Rs 14 Crores. The order is for 962 solar water pumping systems from Tripura Renewable Energy Development Agency. (Neutral)

Bank of Maharashtra: Bank reports outstanding bonds for the half year ending March 31, 2025. Total outstanding amount is Rs 8430.70 crore. (Neutral)

Trident: Credit Ratings Reaffirmed by CARE Ratings, CARE Ratings has reaffirmed the credit ratings for Trident Ltd’s bank facilities. Long-term bank facilities are rated CARE AA; Stable. (Neutral)

Jindal Steel and Power: Company Interarch Building Solutions partners with JSPL to redefine India’s urban infrastructure. (Neutral)

ITC: Company acquires 2.62 lakh equity shares of ample foods for Rs 131 crore. With this, company’s shareholding in Ample Foods aggregates 43.75% of its share capital. (Neutral)

Bajaj Housing Finance: Company reports 26% AUM growth, Rs 14,250 crore disbursements in Q4 FY25. (Neutral)

L&T: Company forms new subsidiary to tap growing green hydrogen, ammonia market. (Neutral)

Tamilnad Mercantile Bank: Gross Advances As On March 31 Up 11% (Yoy), Total Deposits as On March 31 Up 8.43%. (Neutral)

IIFL Finance: Company launches NCD public issue to raise up to Rs 500 crore. (Neutral)

Ansal Properties: Company announced the resignation of Shri Prashant Kumar from the position of Chief Financial Officer (CFO) and President. (Neutral)

DCM Limited: Company has approved the Proposal to Incorporate Its Wholly-Owned Subsidiary Company in USA under the Name of DCM Infotech. (Neutral)

Delhivery: Company approves acquisition of Ecom Express Limited for Rs 1,407 crore. (Neutral)

Siemens: Ex-Date Today, Demerger of Siemens Energy with ratio 1:1. (Neutral)

Banco Products: Company Whole-Time Director and CFO Resigns. (Negative)

Sula Vineyards: Company received a tax assessment order under the Central Sales Tax Act, 1956 from the Assistant Commissioner of State Tax, Nashik, on April 4, 2025. (Negative)

Technology/ Metal/ Auto stocks: Global markets corrected sharply post the announcements of counter tariffs from China (Negative)

Federal Bank: Shalini Warrier resigns as executive director of the bank & to be relieved between May 15-31, 2025 (Negative)

IndusInd Bank: Net Advances Up 1.4% YoY & Down 5.2% QoQ at Rs 3.47 Lk Cr, Deposits Up 6.8% YoY & 0.4% QoQ at Rs 4.11 Lk Cr. (Negative)

Dr. Reddy’s: Company received a show cause notice from the Income Tax Dept. regarding the FY19-20 assessment, related to the merger of Dr. Reddy’s Holding Limited. The proposed tax demand is Rs 2395.82 Cr (Negative)

Tata Motors: Jaguar Land Rover to pause car shipments to US after Trump’s tariffs (Negative)

Oil upstream stocks: US crude falls below $60 per barrel to lowest since 2021 as #Saudi cuts rates (Negative)

Yes Bank: Facing two senior-level exits across in private and SME banking verticals, prompting a portfolio reshuffle, two people directly aware of the matter told CNBC-TV18 (Negative)

Force Motors: The Board has approved the issuance of commercial papers up to Rs 600 crore in one or more tranches on a private placement basis (Negative)

Balaxi Pharma: EBISU Global Opportunities Fund sold 2.98 lakh shares in the company at an average price of Rs 67.5 per share. (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.)