Stocks in News: AZADENG, PSB, SHALBY, AEROFLEX, GAIL, RVNL, IRFC, SUGARSTOCKS, SWIGGY

AHMEDABAD, 16 JANUARY:

Azad Engineering: Company bags contract worth approx ₹960 cr from GE Vernova International LLC. (Positive)

PSB: Net Profit At ₹282 Cr Vs ₹114.3 Cr, NII Up 27% at ₹938.7 Cr Vs ₹739.2 Cr (YoY) (Positive)

Shalby: USA subsidiary has received U.S. FDA 510(k) clearance for its Primary Total Knee Replacement device.  (Positive)

Aeroflex: Net profit at ₹15.2 cr vs ₹9.03 cr (YoY), Revenue up 33% at ₹99.7 cr vs ₹73.1 cr (YoY) (Positive)

GAIL: Company and SEFE have entered into a settlement agreement. SEFE to pay $285 million to GAIL to settle the issue. (Positive)

RVNL: Company gets LoA worth `3,622 cr from Bharat Sanchar Nigam (Positive)

Zen tech: Company secures Design Registration for “60 mm Mortar Training Simulator”, Reinforcing its Global Leadership in Military Training Technologies (Positive)

IRFC: Company to provide financing worth Rs 700cr to NTPC. (Positive)

Sugar stocks: CNBC Sources: Government may raise prices of ethanol soon (Positive)

Swiggy: Ministry of Corporate Affairs, Central Processing Centre has approved incorporation of ‘Swiggy Sports’, a wholly owned subsidiary of the company. (Positive)

Happiest Minds: Company collaborates with Coca-Cola beverages Vietnam to deploy an innovative GenAI conversational interface (Positive)

Tunwal E-Motors: Company purchased a 10,800 sq. meter plot in Pune, Maharashtra for Rs 3.30 crore to build a new factory. (Positive)

Axis cades: Company appoints Alfonso Martinez Fernandez as Group CEO and Additional Director in the capacity of Managing Director of the company (Positive)

Rashi Peripherals: Company announced plans to acquire a 70% equity stake in Satcom Infotech Private Ltd. (Positive)

Transrail: Net profit at ₹57.7 cr vs ₹47.5 cr, Rupee revenue at ₹1,068.3 cr vs ₹957 cr (YoY). (Positive)

LTTS: Revenue at Rs 2653 crore versus poll Rs 2663 crore, Net profit at Rs 322 crore versus poll Rs 330 crore (Neutral)

Exide Industries: Company invests ₹149 cr in arm Exide Energy Solutions via subscription of equity share capital, with this investment (Neutral)

HDFC Life: Total APE at ₹3,569 cr vs poll of ₹3,488 cr, Retail APE at ₹3,122 cr vs poll of ₹3,051 cr (Neutral)

CEAT: Company announced Capex of Rs.400 cr for Nagpur facility to enhance capacity by 30% (Neutral)

Purvankara: Company announced the resignation of its Group Chief Financial Officer, Mr. Abhishek Kapoor, effective January 15, 2025. (Neutral)

Gland Pharma: Mr. Shyamakant Giri will become the Chief Executive Officer starting January 16, 2025 (Neutral)

RBL bank: Appoints Soma Sankara Prasad as non-executive independent director of bank for 4 years. (Neutral)

Zomato: Meeting of the Board of Directors of the Company is scheduled on 20th January to consider and approve financial results of the Company. (Neutral)

JM Fin: Company appoints Ankur Jhaveri as MD and CEO of its Institutional Equities division. (Neutral)

Nazara Technologies: Board Meeting to be held on 20-Jan-2025 to consider and approve Fund raising/Other business. (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.)