Stocks in News: DIXONTECH, RVNL, COALINDIA, DLF, SUVENPHARMA, LUPIN, ZYDUSWELLNESS, MARUTI, BSE
AHMEDABAD, 2 DECEMBER:
Dixon Tech: Company to launch mass production of Google Pixel (Smart Phones) for Compal’s designated customer (Positive)
RVNL: Company has been awarded a ₹642.57 Cr contract by PSPCL (Positive)
Emami Realty: Company is poised to generate an impressive revenue of approx 850 cr from its latest project, Emami Aamod (Positive)
Coal India: Company subsidiary, Eastern Coalfields Ltd (ECL), will see a price increase for Rajmahal coal to Rs 700/tonne from Rs 450/tonne, effective 30/11/2024. (Positive)
DLF: Company subsidiary sold Kolkata Tech Park to RDB Primarc Techno Park LLP for Rs 637 crore. (Positive)
GP Petroleum: Company signed Rs 223 crore supply agreement with Hindustan Petroleum Corporation Ltd for 50,000 MT of Bitumen (Positive)
Best Agrolife: Company subsidiary, Sudarshan Farm Chemicals, received a 20-year patent for a process for manufacturing of Methyl 2 (Positive)
GRP Ltd: Company secured a €15 million loan from PROPARCO for a secured senior credit facility (Positive)
Suven Pharmaceuticals: Long-term bank facilities rating remains on ‘Watch Positive’, short-term reaffirmed at ‘CRISIL A1+. (Positive)
Ahasolar Technologies: Company signed a 20-year Power Purchase Agreement with Saffron Enclave Pvt Ltd for a 100 KW solar power plant in Gurgaon. (Positive)
Lupin: Company received tentative USFDA approval for a generic diabetes drug (Sitagliptin & Metformin). (Positive)
Zydus Wellness: Company acquired 98.14% stake in Naturell (India) Private Limited (Positive)
Cochin Shipyard: Company signs a contract worth Rs 1,000 cr with the Ministry of Defence for Short Refit and Dry Docking of a Large Indian Naval Vessel (Positive)
UBL: UP state shifts excise duty on beer from alcohol companies to wholesalers (Positive)
ONGC: Company acquires 0.615% Stake in ACG and 0.737% stake in BTC, Azerbaijan (Positive)
Aster: Company and Blackstone-backed Quality Care to merge and Create One of the Top 3 Hospital Chains in India with 10,150+ beds (Positive)
Sterlite Tech: STL won an arbitration case against MTNL, receiving ₹15.90 Cr + interest. (Positive)
KPI Energy: Receipt of Letter of Award for Setting up of Grid Connected 300 MWAC Ground Mounted Solar PV Plant Of Coal India Ltd. (Positive)
Ashok Ley: Hinduja Tech Completes TECOSIM Group Acquisition, Further Extending Its Global Automotive Engineering Reach (Positive)
H.G. Infra engineering: Company has been selected as a qualified bidder by Gujarat Urja Vikas Nigam Ltd for a 250MW/500MWH battery energy storage project (Positive)
NCC: Company confident of reaching Rs 20,000-22,000 crore order inflows target, with 58% achieved so far. (Positive)
KEC International: Bags New Orders worth Rs 1,040 Cr in Its T&D Business in International Markets (Positive)
Biocon: US FDA approves Arm’s Biocon Biologics’ YESINTEK, a monoclonal antibody that is used to treat Crohn’s disease (Positive)
Greaves: Board approves Initial Public Offer (IPO) offer of arm Greaves Electric Mobility. (Positive)
Maruti Suzuki: Total Sales At 1.81 Lk Units Vs Poll Of 1.77 Lk Units (Positive)
TVS Motor: Total Sales At 4.01 Lk Units Vs Poll Of 3.87 Lk Units (Positive)
TVS Motor: Company acquires 39.11% stake in DriveX Mobility for Rs 97.79 Cr, increasing its holding to 87.38%. DriveX, a two-wheeler trading and Distribution Company. (Neutral)
Tata Motors: Total Sales at 74,753 Units Vs Poll Of 74,200 Units. Company opens facility in Pune to scrap 21,000 vehicles a year (Neutral)
Macrotech Developers: Company acquires 100% stake in Janus Logistics (Neutral)
Cipla: Block Deal: Promoters to sell 1.7% stake worth Rs 2,000 crore via block deal on Monday. (Neutral)
Phoenix Mills: Company subsidiaries, PCPL and ISML, received GST notices totaling Rs 19.96 Cr and Rs 7.76 Cr respectively. (Neutral)
CESC: Company acquires 100% of Bhojraj Renewables Energy. (Neutral)
TBO Tek Limited: Company incorporated a wholly-owned subsidiary, PT TBO Tek Indonesia, in Indonesia (Neutral)
IndiaMART Intermesh: Company invests Rs 14.28 Cr in Mobisy Technologies, a SaaS firm, increasing its stake to 31.33% (Neutral)
Shriram Finance: Company acquired 40,000 CCDs of Shriram Housing Finance Ltd. from Kotak Mahindra Investments Ltd. for Rs 423.95 Cr. (Neutral)
Coromandel: Company received a customs order demanding ₹7.31 Cr in IGST, ₹3.76 Cr redemption fine and penalty. (Neutral)
KIMS: Company Secretary and Compliance Officer, CS. Uma Shankar Mantha, resigned. Effective December 17, 2024 (Neutral)
Aster DM Healthcare: Company to acquire 1.9 cr shares of QCIL at Rs 445.8/share (Neutral)
Max Financial Services: Company unit max life insurance has not received any IRDAI directive on Bancassurance capping. (Neutral)
Adani Enterprises Ltd: Company acquired Aviserve Facilities Private Limited and Aviground Facilities Private Limited by WOS of the Company. (Neutral)
REC: Ms. Rashmita Jha’s additional charge as Chief Vigilance Officer (Neutral)
Castrol India: Company completed its ₹487.5 Cr acquisition of a 7.09% stake in ki Mobility Solutions (Neutral)
Petronet LNG: Company’s board reappointed Sanjeev Mitla and Sundeep Bhutoria as Independent Directors for 3 years. (Neutral)
Hero Motocorp: Total Sales at 4.60 Lk Units Vs Poll Of 4.78 Lk Units (Neutral)
Hero MotoCorp: Company announces the resignation of Rachna Kumar, Chief Human Resource Officer. (Neutral)
RBL Bank and Bajaj Finance: Mutually agree to stop issuance of new co-branded credit cards (Neutral)
BSE: NSE transferred Monthly expiry of Fin Nifty, Midcap select, Bank Nifty and Nifty Next 50 to Thursday, BSE also initially shifted all expiries on Tuesday (Neutral)
CreditAccess: Raises Euro 25 Million from the German Investment Corporation, DEG (Neutral)
Greaves: Neeraj Sharan elevated to Executive Director & CEO of Excel Controlinkage (Neutral)
Mayur Uniquoters: Credit rating reaffirmed by CARE Ratings. Long-term bank facilities rating remains CARE AA; Stable. (Neutral)
Mahindra & Mahindra: Company announces the incorporation of Steer Hybren Pvt Ltd., a wholly-owned subsidiary of its subsidiary, Mahindra Susten Pvt Ltd (Neutral)
Arfin India Ltd: company announced the resignation of CFO Tarunkumar Acharya, effective November 30, 2024 (Neutral)
MOIL: Cuts Price of Ore with Manganese Content of Mn-44% & Above By 3%. Price of Ore with Manganese Content Below 44% Increased By 1% (Neutral)
Aviation Stocks: ATF Price Increased In Delhi to Rs 91,856.84/kl from Rs 90,538.72/kl (Neutral)
Shalimar Paints: Acuite downgraded and withdrew ratings due to GECL loan servicing delays. (Negative)
Home First: True North, Orange Clove, Aether Fund to sell 14.7% stake via block deals as media sources. (Negative)
Hyundai: Total Sales At 61,252 Units Vs Poll Of 65,000 Units (YoY) (Negative)
Escorts Kubota: Total Sales Down 9.4% At 8,974 Units Vs Poll of 9700 Units. (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.)
