Stocks in News at a glance 23-2-2023

Tata Motors: The company taps sovereign funds such as ADIA, Mubadala, PIF, as well as PEs Temasek, KKR, General Atlantic (Positive)

Sonata Soft: North America unit to acquire Quant Systems for an upfront payment of $65 million &will pay up to $95 million (Positive)

HG Infra: Company emerges as Lowest Bidder (L-1) for a project by Rail Vikas Nigam Limited (RVNL), HG Infra bid at Rs 466 cr (Positive)

GSFC: Gujarat Government appoints Raj Kumar as Chairman & Director of GSFC (Positive)

Lemon Tree: Company signs license pact for 47-room hotel in Bhopal (Positive)

HeroMoto Corp: Company initiates operations of its public charging infrastructure in Bengaluru, Delhi & Jaipur (Positive)

Wipro: Lab45 launches its Decentralized Identity and Credential Exchange (DICE) ID (Positive)

Greaves Cotton: Narasimha Jayakumar appointed CEO of Retail Business (Positive)

Barbeque: Acquires additional 54,829 Shares or 0.14% stake via open market purchase on 21-Feb (Positive)

Sandur: CEC has granted approval today, for enhancing the Company’s Mn Ore production from 2.86 lakh tonnes to 5.82 lakh tonnes (Positive)

Sarda Energy: South-Eastern Coalfields has issued Letter of Acceptance against Company’s bid for the Re-opening, Salvaging, Rehabilitation, Development and Operation of Kalyani Underground Mines (Positive)

Elantas: Gujarat Pollution Control Board has granted the Company, Consent to Operate for an additional capacity of approximately 25,000 MT/annum (Positive)

Gujarat Gas: Raises PNG price by Rs 1.5/scm to Rs 49.5/scm. (Positive)

Adani Green: Sri Lanka investment board approves $442 mln Adani Green wind power plants. (Positive)

Biocon: The company has fulfilled its payment obligation and has fully redeemed the commercial papers of Rs 2,250 crore (Positive)

Tata Steel: Company acquires 4.68 lakh shares of Neelachal Ispat Nigam (NINL) worth ₹300 cr on February 21 at a premium of ₹54/sh (Neutral)

Mahindra CIE: Cons loss at Rs 658 cr vs PAT of Rs 80 cr YoY, Cons revenue from ops at Rs 2,247 cr vs Rs 1,670 cr YoY (Neutral)

Zee Ent: NCLT admits IndusInd Bank’s insolvency plea against Zee Entertainment (Negative)

Delhivery: Internet Fund III sells Rs 1.23 cr shares of Delhivery (From Agencies) (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.)