Stocks in News: GREAVESCOTTON, ACMESOLAR, RPOWER, CWDLTD, VEDANTA, IOB, NALCO, HINDALCO

AHMEDABAD, 12 DECEMBER:

Godawari Power: Company enters into an agreement with GAIL for supply of RLNG Gas. (Positive)

Greaves Cotton: Company approves OFS of certain shares of arm Greaves Electric held by the company in the proposed IPO (Positive)

ACME Solar: Company bags 250 MW FDRE (Firm & Dispatchable Renewable Energy) project from NHPC (Positive)

Emmforce Autotech: Company receives a large order worth Rs 470 crore from a US company. (Positive)

Shakti Pumps: Company secures Rs 754.30 crore contract from Maharashtra State Electricity Distribution Company Limited for 25,000 solar water pumps. (Positive)

Reliance Power: Reliance NU Suntech, a Company’s subsidiary, secured India’s largest solar energy and battery storage project from SECI at Rs 3.53/kWh (Positive)

Pilani Investment: Company submits application with RBI for conversion of the company from Non-Banking Financial Company to Core Investment Company (Positive)

CWD Limited: Company has received an order with a potential of reaching Rs. 24 Crores. (Positive)

Rudra Global Infra: Company signed a Letter of Intent with Opera Energy Pvt. Ltd. to install a 3.3 MW wind power project for ₹32.28 crore. (Positive)

United Drill Tools: Company has been awarded an order worth INR 1,486.62 MN from Vedanta Limited. (Positive)

Afcons Infrastructure: JV with Hindustan Project has been declared as lowest bidder (L1) for the Water Supply Project of 353 villages worth of Rs 504 crore (Positive)

KSolves: To consider stock split of equity shares (Positive)

Vedanta: Company to consider fourth interim dividend on December 16 (Positive)

Indian Overseas Bank: Company receives order of refund of ₹808.3 crores from income tax department for AY 2013-14 (Positive)

Gland Pharma: Company receives USFDA approval for Phytonadione Injectable Emulsion. (Positive)

PC Jeweller: Company to issues 5.2 cr equity share to consortium lenders, at an issue price of ₹292/sh (Positive)

Waaree Energies: Company receives LoA for the development of 170 MW solar power plant in Madhya Pradesh from Rewa Ultra Mega Solar (Positive)

Nalco/Hindalco: Government may consider addressing inverted duty structure for certain aluminum goods in Budget according to media sources (Positive)

Shriram Finance: Company completes sale of entire 84.4% stake in arm Shriram Housing Finance to Warburg Pincus for ₹3,929 cr (Neutral)

Sona BLW Precision: Amit Dixit, Director of Company, resigned on December 11, 2024. (Neutral)

Shiva Cement: Company amended its MoU with Bhushan Power & Steel Ltd. (Neutral)

Usha Martin Ltd: Company announced the completion of its subsidiary Usha Martin Americas Inc.’s acquisition of 2.02% stake in Usha Siam Steel Industries Public Company Limited from Kobelco Wire Company Limited (Neutral)

Embassy Office Parks REIT: Company approved issuance of NCDS aggregating Rs 10 billion (Neutral)

Swiggy: Company launches One BLCK, Premium membership for convenience and dining (Neutral)

Sammaan Capital: Company board approves fund raise of up to Rs 2,500 crore via QIP. (Neutral)

Varroc Engineering: Singapore tribunal passed order in matter beste motors Company (Neutral)

IDFC FIRST Bank: India Ratings affirmed Bank’s debt instruments at IND AA+/Stable. (Neutral)

Grasim Industries: Company approves ₹2,000 Crore Debenture Issuance. (Neutral)

Poonawalla Fincorp: Mr. Dhiraj Saxena resigned from Company on Sep 6, 2024 (Neutral)

Usha Martin: Company’s subsidiary, Usha Martin Americas Inc., will acquire 2.02% stake in Usha Siam Steel Industries. (Neutral)

Ami Organics: Company approves enhancement in capital expenditure of ₹177 cr for its brownfield project of electrolytes additives products. (Neutral)

Yes Bank: RBI approves appointment of Manish Jain as Executive Director of YesBank for 3 years (Neutral)

Nuvama Wealth: EdelFinance, EcapEquities likely to sell 7.1% stake in the co via block deals, at a floor price of ₹6,800/sh. (Neutral)

AGEL: Adani Group seeks to refinance $1.1 billion loan for AGEL amidst market volatility and legal challenges. (Neutral)

Neuland Labs: Block deal 3.8% equity worth Rs 747 Cr, Floor price at Rs 15428/Sh. (Neutral)

Adani Ports: Company achieves record-breaking milestones at Dhamra Port, Odisha. (Neutral)

IRFC: Company received a ₹230.55 crore GST demand order from the Assistant Commissioner (ST), Chennai. (Negative)

Gopal Snacks: Company reported a significant fire incident at its Rajkot production unit (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.)