Stocks in News at a Glance (13/3/23)

HAL: Ministry of Defence signed a contract for the procurement of 6 Dornier-228 aircraft from HAL at a cost of Rs 667 crores. (Positive)

ICICI Lombard: RBI gives approval to the Bank’s (ICICI bank) request for extension of time till September 9, 2024 for divesting the shareholding in ICICI Lombard General Insurance Company (Positive)

Lupin: U.S. FDA Completes Inspection of Lupin’s Vizag Facility with No Observations (Positive)

Welspun Corp: Welspun Metallics has received multiple export orders of 43 KMT for Pig Iron (Positive)

IEX: Company commences trade on High Price Day Ahead Market (Positive)

Zydus Life: Company receives final approval from the USFDA for Olanzapine Orally Disintegrating Tablets (Positive)

Tech Mahindra: Company appoints Mohit Joshi as MD & CEO for 5 years effective December 20, 2023 (Positive)

Aster DM Healthcare: Arm Aster Pharmacies Group LLC incorporates Joint Venture Aster Arabia Trading Company LCC In Riyadh, Kingdom of Saudi Arabia (Positive)

Alfa Transformers: The company has procured orders worth of Rs. 30.66 crores for their Vadodara unit from Electricity utility companies (Positive)

Axita Cotton: Company has received the orders for Indian Raw Cotton valuing aggregating Rs 22 cr (Positive)

Finolex Ind: The company said it has started commercial operations of PVC fittings at the manufacturing facility at Pune (Positive)

Lumax Auto: Company has acquired a majority stake of 75% in IAC International Automotive India (Positive)

Dynacons: Company has won order worth Rs. 26.99 crores for Supply, Installation and setup for 2400 Apple iPad from High Court of Judicature at Bombay. (Positive)

Ambuja: Adani Fully Prepays Share Backed Promoter Financing And Increases Equity In Ambuja Financing Aggregating USD 2.65 Bn (Positive)

Elgi Equipment: Arm Elgi Compressors USA Inc. Signs Operating Agmt For Acqn Of 33.33% Stake Of CS Industrial Services LLC, USA (Positive)

Shilpa Medicare: Says the USFDA inspection is closed with 2 minor observations (Positive)

Gateway Distriparks: HDFC Mutual Fund through its several schemes has bought additional 2.02 percent stake in the logistics company (Positive)

Godrej Properties: Enters into a Sale Deed to acquire land parcel of approx 28 acres in Bengaluru (Positive)

Canara Bank: Hikes lending rates by 10-45 bps across tenures (Neutral)

Indusind Bank: RBI approves reappointment of Sumant Kathpalia as MD & CEO of the bank for further 2 years (Neutral)

Trident: India Ratings Revises Outlook on Trident to Stable; Affirms ‘IND AA (Neutral)

Yes Bank: Lock-In Period Ends today as Central Government Notified The Scheme on 13 March, 2020 (Neutral)

IDFC: IDFC Mutual Fund rebranded as Bandhan Mutual Fund effective March 13 (Neutral)

DCAL: Board Approves Fund Raising Via NCDs Aggregating Upto Rs 100 Crores (Neutral)

NALCO: Board meet to Consider 2nd Interim dividend for FY 2022-23 (Neutral)

GAIL: Board meet to Consider payment of dividend for FY 2022-23 (Neutral)

Sun TV: Board meet to Consider Interim dividend for FY 2022-23 (Neutral)

Ujjivan Financial: Board approved an Interim Dividend of Rs. 5 per equity share (Neutral)

Sula Vineyards: The chief financial officer of Sula Vineyards, Bittu Varghese, has resigned from his position (Neutral)

Mahindra CIE: M&M To Sell 4.6% Stake In Company Via Block Deals. Floor Price At Rs 355/Share (Negative)

Sona Comstar: Blackstone to sell stake in co via block deals worth $400 mn (Rs 3200 crs) at upto 6% discount (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.)