Stocks in News: GLANDPHARMA, BHARTIAIR, IDBIBANK, TORRENTPOWER, HYUNDAI, ZYDUSLIFE, IOLCHEM
AHMEDABAD, 20 JANUARY:
Gland Pharma: Company Gets USFDA EIR for Hyderabad facility post GMP inspection. (Positive)
ISGEC Heavy Engineering Ltd: Company announced that ICRA Limited has reaffirmed the credit rtaing remains ICRA BBB Stable for a Rs. 20 crore line of credit extended to its subsidiary, ISGEC Redecam Enviro Solutions Pvt Ltd. (Positive)
Bharti Airtel: Government Is Considering Waiving 50% Interest And 100% Penalties on AGR Dues for Telecom Companies, Potential Relief Offering Over 1 Lakh Crore Rupees (Positive)
Ashapura Minechem: Company’s overseas arm signs MoU with China Railway to jointly develop its Fako Bauxite deposit in the Kindia Region of Guinea (Positive)
Felix Industries Ltd: Company’s subsidiary, Rivita Solutions, secured a 3-year contract from ONGC for effluent water processing services at Nandasan ETP. (Positive)
IDBI Bank Ltd: Company received a positive credit rating from ICRA. ICRA assigned a ‘AA/Stable’ rating to an additional Rs.7000 crore in infrastructure bonds. (Positive)
Ramkrishna forgings: Net profit at Rs 99.6 cr vs Rs 86.9 cr , Revenue at Rs. 1073.8 cr vs Rs 995.6 cr.(YoY) (Positive)
Power & Instrumentation Ltd: Company announced a significant Rs.17.07 cr work order win. (Positive)
Torrent Power Limited: Company has announced an investment of Rs.18,000 crore to set up a new thermal power plant in Madhya Pradesh. (Positive)
K.P.Energy Ltd: Company successfully commissioned a 6.3MW wind power project (Phase-XI) at its Sidhpur site. (Positive)
GMR Airports: Company Handled 10.8M+ passengers in December, with 8.5% YoY growth (Positive)
IOL Chemicals & Pharmaceuticals Ltd: Company received a Certificate of Suitability from the EDQM for Mesalazine, enabling exports to Europe and other CEP-accepting countries. (Positive)
Srm Contractors: Company approves acquisition of 51% Stake In Maccaferri Infrastructure. Company to Invest Rs.19 cr Rupees in First Tranche For 12.75% Stake in Mipl. (Positive)
Hyundai Motors: Company and TVS Motors Company explore partnership for Electric Vehicles in India (Positive)
Concord Enviro System: Net profit at Rs 17.3 cr vs Rs 12 cr , Revenue at Rs 162 cr vs Rs 97 cr. (YoY). (Positive)
TD Power Systems: Company wins order worth Rs 570 Million from nuclear power corporation of India (NPCIL) for the supply of induction motors (Positive)
SBEC Systems Limited: Company Started installation of a 545 KWp solar plant for Jayesh Tradex Private Limited in Modi Nagar, Uttar Pradesh. (Positive)
Zydus Lifesciences: Company receives approval from USFDA to conduct phase ii (b) clinical trial for usnoflast, a novel oral NLRP3 inflammasome inhibitor in patients with amyotrophic lateral sclerosis (Positive)
Info Edge Ltd: Company announced an investment of approximately Rs. 90 Crores in its wholly-owned subsidiary, Startup Investments (Holding) Limited. (Neutral)
Wipro: Net profit at Rs 3366 cr vs poll of Rs 3124 cr , Revenue at Rs 22285 cr vs poll of Rs 22176 cr (Neutral)
Sterlite Technologies Ltd: Company appointment of Mr. Pankaj Malik as an Interim Chief Executive Officer of Global Services Business with effect from February 1, 2025. (Neutral)
SG Finserv: Company’s Q3 loan book stands at Rs. 1570 cr & target loan book of 2500 cr in FY25, 4000 cr in FY26, 6000 cr in FY27 CAGR growth of 60% est. (Neutral)
Indian Hotels: Net profit at Rs 582 cr vs poll of Rs 603 cr , Revenue at Rs 2533 cr vs poll of Rs 2429 cr. (Neutral)
Mahanagar Telephone Nigam: Company has announced the funding of the Designated Escrow Account for the payment of the 3rd Semi-Annual Interest on its 7.59% MTNL Bond Series VIIIA, due on January 20, 2025. (Neutral)
Tata Steel Ltd: Company filed a Curative Petition with the Supreme Court of India on January 17, 2025, regarding the September 24, 2024 order in Karnataka Iron & Steel Manufacturers Association. (Neutral)
Unitech Ltd: Company announced a 100% equity disinvestment of its subsidiary, Unitech Power Transmission /limited, for Rs. 50.89 crore to Auro Infra Private Limited. (Neutral)
VP Ventures Ltd: Company announced the resignation of its Company Secretary & Compliance Officer, Mr. D. Mahesh, effective January 17, 2025. (Neutral)
ICICI Lombard: Net profit at Rs 724.4 cr vs Rs 431.5 cr, Gross premium at Rs. 6214 cr vs Rs 6230 cr.(YoY) (Neutral)
Fortis Healthcare Ltd: Company announced the completion of its acquisition of a significant stake in its material subsidiary, Agilus (Neutral)
Praj Industries: Company announced the appointment of Mr. Ajay Pratap Singh as Vice President & Business Head, effective January 17, 2025.(Neutral)
Nazara Technologies: Compamy Board approves allotment of 20.5L shares via private placement, raising stake in MTPL to 46.07%. (Neutral)
Reliance Industries: Company Acquires 100% stake in Reliance New Energy Battery Ltd, boosting green energy push. (Neutral)
Power Grid: Company Acquires 77.3 Lakh shares in IL&FS Energy JV for Rs 14.72 Cr. (Neutral)
Mamata Machinery: Net profit at Rs 4.6 cr vs Rs 2 cr , Revenue at Rs 43 cr vs Rs 45 cr. (YoY). (Neutral)
Kansai Nerolac Paints Ltd: Company discloses a CGST order levying tax and penalty totaling Rs 3.72 Cr for disallowed transitional input tax credit during FY 2017-18. (Neutral)
Kotak Bank: Net profit at 3304.8 Rs cr vs poll of Rs 3287.5 cr , NII at Rs 7196.3 cr vs poll of Rs 7147.7 cr (Neutral)
Tech Mahindra: Net profit at Rs 989 cr vs Rs 1258 cr , Revenue at Rs 13286 cr vs Rs 13313 cr. (QoQ). (Negative)
JM Financials: Net profit at Rs 23.9 cr vs Rs 28 cr , Revenue at Rs. 273.2 cr vs Rs 238.5 cr.(YoY) (Negative)
Rallis India: Net profit at Rs 522 cr vs Rs 589 cr , Revenue at Rs. 11 cr vs Rs 24 cr.(YoY) (Negative)
SRF Ltd: Company received a tax demand of ~Rs. 85.23 Crores from the Joint Commissioner, CGST & Central Excise, Vadodara-II. (Negative)
RBL Bank: Net profit at Rs 32.6 cr vs poll of Rs 124.7 cr , NII at Rs 1582 cr vs poll of Rs 1589.9 cr (Negative)
Camline Fine: The Gujarat Pollution Control Board issued closure directions, for the Company’s unit at Dahej SEZ, Bharuch. (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.)
