STOCKS IN NEWS: GRINFRA, PNCINFRA,RAITEL, PFC, LTIMindtree, COCHINSHIP
AHMEDABAD, 16 OCTOBER:
Offer For Sale: Cochin Shipyard Ltd
| Seller: | Govt. Of India (Promoter) |
| Floor Price: | Rs 1540/Sh (Approx 7.88 percent discount at Last Closing 1671.9) |
| Total OFS size in Rupees: | 1.315 crore shares or Rs 2025.0 crore (At floor price) |
| Base OFS size in Rupees: | Rs 1012.8 crore (Or 65.77 lakh shares) |
| Green Shoe size in Rupees: | Rs 1012.8 crore (Or 65.77 lakh shares) |
| For Non-Retail Investors: | 16th October 2024 |
| For Retail Investors: | 17th October 2024 |
| Retail Reservation: | 10% |
| Mutual Fund and Insurance: | 25% |
GR Infraprojects: Company gets Letter of Acceptance worth ₹1,885.6 crore from Maharashtra State Road Development Corp (Positive)
PNC Infratech: Company bags order worth ₹4,630 crore for two projects from Maharashtra State Road Development Corporation (Positive)
Ashoka Buildcon: Company wins Rs 1,126.58 Cr flyover project from BMC (Positive)
Bhageria Industries: Company gets LOA for solar power developer, LOA for solar photovoltaic power generating stations of capacity of 32 MW (AC) (Positive)
Ceigall India: Company emerged as L1 bidder for construction of 4 lane elevated road, Company declared L1 bidder with bid project cost of Rs 2.07 billion (Positive)
Alpex Solar: Company secures Rs 277.19 Cr order from leading PSU (Positive)
RailTel: Company secures Rs. 79.84 Cr order from MHADA. (Positive)
Rallis India: Net Profit at Rs 98 cr vs Net Profit Rs 82 cr (YoY) , Revenue at Rs 928 vs Rs 832 cr. (YoY). (Positive)
Capri Global Capital: Company enters green financing with rooftop solar finance, partners with credit fair as loan service providers aims to build a separate Rs 1000 Cr loan-book in coming years (Positive)
Lactose: Net Profit at Rs 2.1 cr vs Net Profit Rs 0.80 cr (YoY) , Revenue at Rs 30 vs Rs 24 cr. (YoY) (Positive)
Oil downstream stocks: Brent crude oil futures sank 5% below $74 (Positive)
Power Finance Corp: Transfer of Jamnagar transmission, navinal transmission to Adani energy solutions, and sale of two units for Rs 192.8 million and Rs 191.4 million. (Neutral)
KEI Industries: Net Profit at Rs 155 cr vs Net Profit Rs 140 cr (YoY) , Revenue at Rs 2280 vs Rs 1945 cr. (YoY). (Neutral)
SG Finserve: Net Profit at Rs 14.1 cr vs Net Profit Rs 17.5 cr (YoY) , Revenue at Rs 30.9 vs Rs 43.9 cr. (YoY) (Neutral)
Central Bank of India: India CCI approves the acquisition of 24.91% shareholding in future generali India insurance and 25.18% shareholding in future Generali India life insurance by central bank of India. (Neutral)
Power Grid Corp: Acquisition of ‘Rajasthan iv H1 power transmission’ by Company for Rs 188.1 million, Company says acquisition of south OLPAD transmission by co under TBCB route for Rs 188.4 million (Neutral)
Sterlite Technologies: Company announces significant investment of Rs 50 crore to establish a state-of-the-art fibre skilling training Centre in Telangana (Neutral)
Madhya Bharat Agro: Net Profit at Rs 13.8 cr vs Net Profit Rs 14.9 cr (YoY) , Revenue at Rs 280 vs Rs 280 cr. (YoY) (Neutral)
Krishana Phoschem: Net Profit at Rs 16.7 cr vs Net Profit Rs 19.3 cr (YoY) , Revenue at Rs 300 vs Rs 265 cr. (YoY) (Neutral)
Adani Enterprises: Closes QIP at ₹2,962 per Share, Offering 4.99% Discount to QIBs (Neutral)
LTIMindtree: Company announces merger of subsidiaries, effective October 2, 2024, to enhance operational efficiency. (Neutral)
ONGC: Boosts Stake in OPaL to 94.04% with ₹10,501 Crore Investment (Neutral)
Adani Green Energy: Company defers $1.2 billion offering due to weak market conditions ahead of U.S. elections. (Neutral)
Tata Motors: Jaguar LandRover’s retail sales rise 36% year-on-year to 3,214 units for first six months of current fiscal. (Neutral)
Cochin Shipyard: India government to sell up to 5% stake in cochin shipyard via offer for sale, floor price for India GOVT’s stake sale in cochin shipyard at Rs 1,540 rupees/share (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.)
