Stocks in News: BEL, ANUPAMRASAYAN, HEG, MSTC, ICICIBANK, NTPC, IRFC, CCCL, HPCL
AHMEDABAD, 11 MARCH:
BEL: Company secures additional orders worth Rs 843 cr. (Positive)
Anupam Rasayan: Company signs 10-year letter of intent worth $106 Million (approx. Rs 922 crore) with a Korean MNC for a high-performance niche chemical expected to be supplied from FY26. (Positive)
Zota Health Care: Company announced the launch of its new B2C online portal and mobile app, “davaindia.” (Positive)
HEG: Singularity Growth Opportunities Fund II to invest up to Rs 250 crore in Bhilwara Energy. (Positive)
Ashoka Buildcon: Company received a letter of acceptance for a project with Maharashtra State Electricity Transmission Co. Ltd. The project involves the establishment of a 400/220 KV substation and associated transmission lines. (Positive)
MSTC: Company has been awarded a two-year contract by Coal India Ltd. to provide e-auction services for coal and coal products. (Positive)
Thermax: Company Arm Thermax Chemical Solutions signs shareholder’s agreement with Brazil’s Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ) to establish a new company in India. (Positive)
Navin Fluorine: Commercial operations of the HFC plant started with the first dispatch. (Positive)
Max Life: NCLAT dismissed the petition filed by IRDAI and allowed the amalgamation of its arms (Positive)
Hitachi Energy: Company said it has initiated a Qualified Institutions Placement (QIP) of equity shares, following approval from its Fund Raise Committee on March 10, 2025 (Neutral)
ICICI Bank: NCLT dismissing all the appeals filed by the minority shareholders for ICICI Securities delisting (Neutral)
NLC India: The board approved borrowing USD 200 Million. (Neutral)
Kolte Patil: Board meeting to evaluate fundraising options. (Neutral)
Syngene International: Company received a notice from the National Faceless Assessment Centre for Rs 3.25 cr penalty for Assessment Year 2015-16. (Neutral)
NTPC Green Energy: Company signed a joint venture with CSPGCL. (Neutral)
NTPC: Company to invest Rs 96,000 Crore in Chhattisgarh projects. (Neutral)
Syngene: Company to make an additional investment of up to $56 m in equity share of arm ‘Syngene USA Inc’. (Neutral)
Indian Bank: M Swarajya Lakshmi joins the bank as Internal Ombudsman w.e.f. March 10, 2025. (Neutral)
Hindustan Zinc: Company board approves fund raise of up to Rs 500 crore via bonds. (Neutral)
IRFC: Company board to mull second interim dividend declaration on Mar 17. (Neutral)
Bajaj Consumer: Update on acquisition of 49% of the equity share capital of Vishal Personal Care Private Limited. (Neutral)
Hisar Metal Industries: Company has reappointed Mr. R S Bansal as Chief Financial Officer for 3 years, effective April 1, 2025. (Neutral)
HPCL: Company appoints Vikas Kaushal as CMD, first private-sector leader to head oil PSU. (Neutral)
Concord Control: Company announced the appointment of Gaurav Lath as Chief Financial Officer, effective March 10, 2025 (Neutral)
Indoco Remedies: US FDA Issues one form 483 for company’s Hyderabad-based Clinical Research Organisation, AnaCipher. (Neutral)
Neuland Laboratories: India Rating & Research affirmed the company’s long term credit rating as IND A+/Positive. (Neutral)
Gensol Engg: Company’s promoters infuse Rs 29 cr in co via conversion of warrants into equity (Neutral)
CCCL: Company Buildings & Factories Vertical Secured Orders Worth Rs 115 Cr Till Jan 31, 2025, And Rs 100 Cr Till Feb 28, 2025. (Neutral)
Nazara Tech: Company Unit Nodwin Gaming, Has Extended A €1.56 million Guarantee For Its Step-Down Subsidiary, Freaks 4U Gaming, Securing A Loan From Fre Gmbh & Co. Kg. (Neutral)
RHI Magnesita: Company announced the appointment of Mr. Deepak Vazirani as Head of Supply Chain, Procurement & Commercial, and effective March 10, 2025. (Neutral)
Rappid Valves: Company announced the appointment of Ms. Vrinda Saboo as the new Company Secretary, effective March 10, 2025. (Neutral)
Indusind Bank: Detailed internal review estimates 2.35% adverse impact on net worth. (Negative)
Nectar Lifesciences: Company received seven observations, including four critical ones, during a recent EU regulatory inspection of its API manufacturing facility. (Negative)
Burnpur Cement: Company announced the resignation of Mrs. Puja Guin, Company Secretary & Compliance Officer, and effective March 13, 2025. (Negative)
Oil Marketing PSUs: No provision for LPG subsidy in 2nd supplement demand for grants (Negative)
Technology stocks: Nasdaq 100 falls 4%-lowest level in September. (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.)
