Stocks in News at a Glance 24-2-2023

KSB: Profit at Rs 54.2 crore versus Rs 37.9 crore, Revenues at Rs 525.0 crore versus Rs 445.0 crore YoY (Positive)

Alkem: US FDA concludes inspection at company’s manufacturing facility at Indore (Positive)

Olectra Greentech: Company develops Hydrogen bus in technical partnership with Reliance (Positive)

Bharat Forge: Company to house all defense related investments of the Company under one entity (Positive)

Tech M: Vodafone Germany, Tech Mahindra deepen partnership for enhanced service (Positive)

Kanoria Chem: Setting up new formaldehyde Plant at the existing facility (Positive)

Tube Investment: Acquires 50% Stake in X2Fuels and Energy (Positive)

Vason Engineers: Receives Letter of Acceptance amounting to Rs 95.92 Crores from Pune Metropolitan Region Development Authority (Positive)

ISGEC: Received an order for supply of Seven Waste Heat Recovery Boilers from a major steel company from Eastern India (Positive)

RVNL: Has received LOA for a project worth Rs 196.77 Crores in Bhopal Region (Positive)

West Coast Paper: The company said the illegal strike of contract workers was called off and production at the paper and paper board division at Dandeli has been re-started (Positive)

Nahar Industrial: The NCLThas sanctioned the amalgamation of Cotton County Retail with Nahar Industrial Enterprises (Positive)

KTK Bank: Bank and Paisalo Digital have entered into a co-lending arrangement to provide financial support to small income segments (Positive)

DLF: Company will prepay 5,000 NCDs maturing in March, 2024 having face value of ₹10 lakh each (Positive)

Aurobindo Pharma: Company gets US FDA nod for Propafenone Hydrochloride used to prevent irregular heartbeats (Positive)

Sanofi: Profit at Rs 131.0 crore versus Rs 90.4 crore, Revenues at Rs 672.0 crore versus Rs 688.0 crore YoY (Neutral)

Adani Trans: Fitch affirms Adani Transmission’s restricted group notes at ‘BBB-‘; outlook stable (Neutral)

Adani Ent: Group to hold Asia Fixed Income Roadshow starting end of February (Neutral)

Mahindra Lifespace: Arvind Subramanian has resigned as Managing Director and Chief Executive Officer (Neutral)

Zee Ent: The NSE has excluded Zee Entertainment Enterprises from the futures and options segment. NCLAT To Hear Appeal Against Start Of Zee Insolvency (Neutral)

JSL/JSL Hisar: March 9, 2023 has been fixed as record date for merger of Jindal Stainless (Hisar) with JSL (Neutral)

(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.)