Stocks in News: BAJAJ ELECTRIC, PRESTIGE, GLENMARK, BHEL, DLF, IRFC, HUL, ULTRATECH, SBI, ITC, LUPIN, ZYDUSLIFE
AHMEDABAD, 17 APRIL:
Bajaj Electricals: Company announced a strategic tie-up with SEAK Energetics for tunnel lighting technology in India. (Positive)
Prestige: Q4 sales at Rs 6957 crore, up 48 percent YoY. (Positive)
Tata Steel: Company’s Nederland subsidiary launches major revamp to boost efficiency and profitability. (Positive)
Glenmark Pharmaceuticals: Company to launch Dextroamphetamine Saccharate, Amphetamine Aspartate, Dextroamphetamine Sulfate and Amphetamine Sulfate Tablets. (Positive)
Tanla Platforms: Company partners with two overseas telcos for its first international deployment of Messaging as a Platform (MaaP). (Positive)
VTM Ltd: Board considered the proposal of Issue of Bonus shares at the Ratio 1.5 : 1. (Positive)
Swaraj Eng: Board approved a plan to expand engine manufacturing capacity from 1,95,000 units to 2,40,000 units annually (Positive)
Roto Pumps: Company announced the unveiling of its new manufacturing infrastructure and the launch of the Roto P-Range compact pumps. The company aims to achieve $100 million in revenue by 2028. (Positive)
BHEL: Company inks tech transfer pact with BARC to lower green hydrogen costs, reduce imports (Positive)
DLF: Company signs Master Framework Agreement with Srijan Realty Pvt. Ltd. for sale of its Kolkata IT/ITeS SEZ. (Positive)
IRFC: Madras High Court allows IRFC’s Writ Petitions and sets aside ₹230.55 crore demand order dated 04.12.2024. (Positive)
Banco Products: Company announces the establishment of NRF Romania S.R.L., marking a key step in its expansion in Romania. (Positive)
Ultratech: Company to acquire 26% equity in AMPIN C&I Power Eight Pvt. Ltd., engaged in renewable energy generation and transmission. (Neutral)
SMl Isuzu: Appoints Yasushi Nishikawa as MD & CEO of the company w.e.f. April 17 (Neutral)
Petronet LNG: Company appoints Saurav Mitra as Director (Finance) & CFO of the company for 5 years. (Neutral)
HUL: Company moves Bombay High Court against Honasa Consumer for disparaging its brand. (Positive)
Sicagen India: Company announced the appointment of Mr. N. Doraivelu as Vice President – Manufacturing and Senior Management Personnel (SMP) w.e.f. April 16, 2025. (Positive)
Home First Finance: Company announced the successful raising of Rs 1,250 Crores through a Qualified Institutions Placement. (Neutral)
SBI: Bank Announces Change in Statutory Central Auditor for FY 2024-25. (Neutral)
NHPC Ltd: Company announced the appointment of Shri Suprakash Adhikari as Director (Technical) (Neutral)
Paytm: CEO Vijay Shekhar Sharma has voluntarily forgone all 21million ESOPs. (Neutral)
Kanoria Chem: CoSyst Control Systems GmbH, a step-down subsidiary of Kanoria Chemicals, incorporates two wholly-owned subsidiaries. (Neutral)
JK Cement: Company announced the resignation of Shri Sudhir Jalan from the position of Non-Executive Non-Independent Director. (Neutral)
Angel One: Net Profit Down 48.7% At ₹174.5 Cr Vs ₹340 Cr, Revenue Down 22.2% At ₹1,056 Cr Vs ₹1,357.3 Cr (YoY). (Neutral)
GTPL Hathway: Company reported a 19.7% decline in net profit for Q4 FY25, despite strong revenue growth. Net profit for the quarter stood at ₹10.6 crore, down from ₹13.2 crore YoY. (Neutral)
Som Dist: Investor Dolly Khanna increased stake to 2.41% from 1.39% earlier. (Neutral)
ITC: GQG Partners increased stake to 3.47% from 3.08% earlier. (Neutral)
Lupin: U.S. District Court lifted temporary restraining order and denied Astellas’ request for a preliminary injunction on Mirabegron ER Tablets, allowing shipments to resume. (Neutral)
Zydus Lifesciences: Company received an order from the United States District Court for the District of Delaware regarding a patent litigation matter with Astellas Pharma Inc. concerning the drug mirabegron. (Neutral)
C & C Constructions: Company announced that Mr. Hitesh Kumar, Company Secretary & Compliance Officer, resigned. (Neutral)
Orient Bell: Mr. Munish Tandon, Chief Sales Officer, resigned on April 16, 2025. (Neutral)
Adani Wilmar Ltd: Company announced that AWL Agri Business Limited has acquired 80% of G.D. Foods Manufacturing (India) Private Limited. (Neutral)
Super Sales India: Company acquired Aghanaswath Helios Energy Private Limited, a solar power generating company. (Neutral)
Puravankara Ltd: Company reported FY25 collections up 9% YoY to Rs 3,937 Cr. Pre-sales reached Rs 5,006 Cr in FY25, with Q4FY25 at Rs 1,282 Cr. (Neutral)
Paramount Communications: CRISIL Ratings has assigned ratings to the company’s bank facilities. The long-term rating is Crisil BBB/Stable (Neutral)
SBI Cards & Payment: Company announced the launch of the Tata Neu SBI Card in partnership with Tata Digital. (Neutral)
Sanofi: Ex-date today; Dividend – Rs 55 per Share. (Neutral)
Akme: Stock split today; Face value from Rs 10/- Per Share to Re 1/- Per Share. (Neutral)
Colab: Board meeting today to consider interim dividend. (Neutral)
Infosys/ HDFC AMC/ HDFC Life/Tata Elxsi: Board meeting today to consider quarterly earnings. (Neutral)
Mastek/Network18: Board meeting on Friday to consider quarterly earnings. (Neutral)
ICICI Bank/ HDFC Bank/Yes Bank: Board meeting on Saturday to consider quarterly earnings. (Neutral)
Wipro: Rupee Revenue reported at Rs 22504 crore versus poll Rs 23113 crore, EBIT at Rs 3902 crore versus poll Rs 3957 crore (Neutral)
Wipro: Company expect revenue from IT Services business segment to be in the range of $2,505 million to $2,557 million”. This translates to sequential guidance of (-) 3.5% to (-) 1.5% in constant currency terms versus (-)1.0% to (+) 1%. (Negative)
Yes Bank: Company announced an additional income tax demand of Rs 292.29 Cr due to a rectification order from the Centralized Processing Center (CPC) (Negative)
MSTC Ltd: Company received a notice of demand under section 156 of the Income Tax Act, 1961 from the Income Tax Department. The demand is for the Assessment Year 2024-25, totaling ₹178.40 crores. (Negative)
Dalmia Bharat: Company received a Provisional Attachment Order from the ED with provisional attachment of DCBL’s land. (Negative)
Sonata Software: Company has issued international business revenue warning. (Negative)
