Stocks in News at a Glance (8-3-23)

Ajanta Pharma: Company to consider a proposal for buyback on March 10. (Positive)

PVR: Company opens 11 screen multiplex in Phoenix Marketcity, Chennai (Positive)

Wipro: Company open its Americas headquarters in East Brunswick, New Jersey (Positive)

Coffee Day: SAT grants stay on #imposition of Rs 26 crore penalty by Securities and Exchange Board of India (Positive)

LTIMindtree: Company launches new delivery center in Krakow, Poland (Positive)

NTPC: Company logs nearly 12 percent growth in electricity generation in April-February this fiscal year (Positive)

Hero MotoCorp: Company to collaborate with Zero Motorcycle for premium electric motorcycles (Positive)

ONGC: India’s top oil explorer ONGC signs MoU with France’s TotalEnergies (Positive)

Allcargo: Company to buy its partner CCI’s contract logistics business (Positive)

Paytm: Company signed MoU with Andhra govt to empower merchants, street vendors. (Positive)

PVR: Company launched Lucknow’s biggest 11-screen cinema post-merger with Inox (Positive)

Power companies: Icra revises thermal power sector outlook to ‘stable’ on strong demand, recovery of dues (Positive)

Krsnaa Diagnostics: Company has operationalized 100 Pathology Collection Centers (Positive)

Stel Holdings: Promoters acquired additional 3.7 Lakh Shares or 2.02% Stake from open Market (Positive)

GAIL: Board to consider interim dividend on March 13. (Positive)

Sugar Companies: Government may permit more sugar exports: Bloomberg (Positive)

Steel Companies: Indian steel mills have initiated a 2–5 per cent price hike sequentially across the benchmark hot rolled coils (Positive)

Ashoka: Company has received Notification of Award (NoA) from North Bihar Power Distribution Company Limited (NBPDCL) for the Project (Positive)

NBCC: Company wins three work orders totalling of Rs 541 crore (Positive)

IGL: Company has signed a joint venture agreement with Genesis Gas Solution (Positive)

ZEE Ent: Company and IPRS have entered into a settlement agreement (Positive)

Power Grid: Board approves investment of approx Rs 524 cr for Eastern Region Expansion Scheme. (Positive)

Vardhman Special: VSSL join hands with Toyota’s Global Supply Chain to start mass production of steel (Positive)

Adani Group: Prepays Rs 7374 Crores ($ 902 Mn) of Share backed financing (Positive)

HAL/L&T: Ministry of Defence signs contracts with Hindustan Aeronautics for procurement of 70 HTT-40 trainer aircraft worth over Rs 6,800 cr and with L&T (Positive)

Lokesh Machine: Co. has setup a new Division for the manufacture of Defense and Aerospace components  at Medchal Hyderabad (Positive)

Blue Star: Launches New Range Of Deep Freezers Manufactured At Company’s New Wada Factory (Positive)

Sun TV: To consider inter alia, declaration and payment of Interim Dividend on 13th March (Neutral)

Ujjivan: To consider the proposal of declaration of interim dividend for the financial year 2022-23 on 10th March (Neutral)

Bandhan Bank: Opened of its Mega Currency Chest in Kolkata (Neutral)

Gail: To consider the recommendation for payment of Interim Dividend for FY 2022-23 on 13th March (Neutral)

Sun Pharmaceutical: The company has completed acquisition of biopharmaceutical company Concert Pharmaceuticals (Neutral)

SBI Life: To Consider and Declare Payment of Interim Dividend On Equity Shares (Neutral)