Stocks in News: BHARATFORGE, VBL, PNB, ASHOKABUILDCON, BHARTIHEXA, HCLTECH, WHIRLPOOL, HUDCO

AHMEDABAD, 23 APRIL:

Balrampur Chini: India Ratings updated credit ratings for commercial papers and long term ratings. (Positive)

Ashoka Buildcon: Company gets letter of acceptance for a project worth ₹568.86 crore from Central Railway.  (Positive)

Bharti Hexacom: Company announced an agreement with AdaniData Networks Limited (ADNL) to acquire rights to use 400 MHz of spectrum in the 26 GHz band. (Positive)

Pudumjee Paper: Company announced the proposed acquisition of equity shares of Lloyds Enterprises Limited from the open market. (Positive)   

Bharat Forge: CCI approves acquisition of AAM India Manufacturing by Bharat Forge with Voluntary Modifications. (Positive)   

VBL: Company has started commercial production of carbonated soft drinks, juice based drinks & packaged drinking water at its production facility at Prayagraj, Uttar Pradesh. (Positive)   

PNB: A court in Belgium rejects bail plea of fugitive Mehul Choksi. (Positive)

HCL Tech: CC revenue guidance at 2.0% to 5.0% versus estimates of 1.0% to 4.0% (Positive)

TBZ: Company will launch its 36th store in Hyderabad & 37th store in Ahmedabad on April 24, 2025 (Positive)  

Dixon Technologies: Company wholly-owned subsidiary, Padget Electronics, entered a Contract Manufacturing Agreement with Compal on Feb 23, 2024, to manufacture mobile phones. (Positive) 

Cyient DLM: Net profit Rs. 31.03 cr vs Rs.22.74 cr, Revenue at Rs. 428.05 cr vs Rs. 361.84 cr (YoY) (Positive) 

Insolation Energy: Company announced the incorporation of its subsidiary, MGVI Green Infra Three Private Limited, on April 21, 2025. (Positive)

JK Paper: Company announced the acquisition of a majority stake in Quadragen Vethealth Private Limited (Positive)

Bondada Engineering: Company announced the receipt of a work order from M/s. Dinesh Engineers Limited of Rs. 5.93 cr. (Positive) 

Tata Communication: Net profit Rs. 1040.5Cr Vs Rs. 321.5 Cr, Revenue at Rs. 5990.4 Cr Vs 5645.1 Cr (YoY) (Positive) 

IndusInd Bank: Bank clarifies a news report. The bank states it has not engaged EY for a forensic audit. (Neutral)   

Persistent Systems: Company completed the acquisition of identified assets from Soho Dragon Solutions India Private Limited on April 22, 2025 (Neutral)   

Balrampur Chini: Company concluded Sugar Season Sugarcane crushed was 99.16 Lac MT, slightly down from 100.91 Lac MT in SS 2023-24 (Neutral)

AU Small Finance Bank: Net profit Rs. 503.7 cr vs Rs.528.4 cr, NII at Rs. 2094 cr vs Rs. 2022.7 cr QoQ. (Neutral)

GRM Overseas: Company’s credit ratings have been reaffirmed by Acuité Ratings & Research. The long-term rating is ‘A-‘ with a stable outlook (Neutral)

Sattva Sukun: Company received a purchase order from Mansi Kreation for 7000 units of Camphor Diffusers & related items. (Neutral)

M&M Finance: Net profit Rs. 563 Cr Vs Rs. 619 Cr, NII at Rs. 2151 Cr Vs 1919 Cr (YoY) (Neutral)

Hindustan Zinc: Company Board meeting on April 25 to approve FY25 results. (Neutral)

HCL Tech: Net profit Rs. 4307 Cr Vs Rs. 4591 Cr, Revenue at Rs. 30246 Cr Vs 29890 Cr (QoQ) (Neutral)

Caplin Point: Mr. Thiagaraja Manikandan tendered resignation from the post of Chief Transformation & Digital Officer (Neutral)

Whirlpool: Corporation ropes in Goldman Sachs for part stake sale process in Indian arm. (Neutral)

HUL: Company announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Limited (YoY) (Neutral)

Lal Pathlabs: CARE Ratings has assigned a credit rating of CARE AA; Stable to Dr. Lal Pathlabs Ltd (Neutral) 

Delta Corp: Net Profit At ₹164.6 Cr Vs ₹72.4 Cr, Revenue Down 1.2% At ₹182.6 Cr Vs ₹185.5 Cr (YoY). (Neutral)

PFC: ₹307 crore out of ₹352 crore disbursed to Gensol for EV leasing in 2023 remains unpaid (Neutral)

Ambuja Cements: Company completes acquisition of 46.66% stake in Orient Cement. (Neutral)

Indusind Bank: Clarifies- has not engaged EY for a forensic audit for micro-finance loans. (Neutral)

Schaeffler India: Ex-Dividend date today, Dividend – Rs 28 Per Share. (Neutral)

Sterlite Tech: Ex-Dividend date tomorrow, Demerger of business. (Neutral)

Praveg: Board meeting today to consider Scheme of arrangement (Neutral)

Padam Cotton: Board meeting today to consider stock split (Neutral)

HUDCO: Board meeting today to consider Fund Raising (Neutral)

OLA Electronics: Maharashtra moves to shut unlicensed stores, seize vehicles. (Neutral)

Medplus Health: Company announced that its subsidiary, Optival Health Solutions, received three suspension orders for drug licenses (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.)