Stocks in News: IDBI Bank, Biocon, Hindalco, Lemon Tree, Reliance Ind, Hero Motocorp
Ahmedabad, 4 September
IDBI Bank: Bids invited to appoint an asset valuer for strategic divestment of IDBI Bank. (Positive)
Biocon: Company acquires Eywa Pharma’s oral solid dosage manufacturing facility, located in New Jersey, US for $7.7 million. (Positive)
Hindalco: Company enters into a Shareholder’s Agreement & Power Purchase Agreement with Seven Renewable Power Private Limited for acquisition of 26% stake in SRPPL. (Positive)
Lemon Tree Hotels: Signs a license agreement for an 80 room property in Dehradun, Uttarakhand. (Positive)
Hero Motocorp: Total sales at 4.89 lk vs 4.63 lk, up 5.6% (YoY). (Positive)
Eicher Motors: Total sales at 77,583 units Vs Nomura’s estimate of 75,000 units (YoY). (Positive)
VST Tillers: August sales up 12% at 4,037 units vs 3,602 units (YoY) (Positive)
Coal India: August production up 13.2% at 52.3 MT Vs 46.2 MT (YoY) while offtake up 15.3% at 59 MT vs 51.2 MT. (Positive)
NMDC: August production up 37.5% at 3.41 mt vs 2.48 mt (YoY), sales up 25% at 3.54 mt vs 2.83 mt (YoY). (Positive)
ICICI Lombard: IRDAI Approves ICICI Bank To Increase Shareholding In ICICI Lombard In Multiple Tranches Up To 4.0% (Positive)
MOIL: Delivers best August production since inception, registering a growth of 53% YoY (Positive)
Bajaj Auto: RBI grants certificate of registration to unit Bajaj Auto Consumer Finance: Agencies. (Positive)
Reliance Ind: Reliance Retail in talks with global investors to raise $2.5 bn by Sept 30: Agencies. (Positive)
Nazara tech: To Consider fund raising via issue of equity shares/ securities on Preferential Basis (Positive)
Firstsource Solutions: Company announces Ritesh Mohan Idnani as MD & CEO (Positive)
Tata Power: Company inks a PDA with Chalet Hotels Limited for 6 MW AC Group Captive Project (Positive)
HP Adhesive: To Consider Sub-Division/ Splitting of Equity Shares (Current Face Value of Rs 10) (Positive)
Paras: Patent Office, Government of India has granted 3 individual patents for the design of the products (Positive)
Kopran: MHRA – UK has renewed GMP Compliance Certificate for Company’s two plant. (Positive)
Maha Seamless: Company has received orders with cumulative basic value of Rs. 157 crores approx. from Oil India Ltd. and IOCL (Positive)
GMR Infra: Arm Receives Letter of Award worth Rs 5123.4 Crores from Purvanchal Vidyut Vitran Nigam In UP (Positive)
RVNL: Company bags Letter of Acceptance from Madhya Gujarat Vij Company for order of Rs 282 crore (Positive)
Deepak Fertilizer: Signs Two Gas Purchase Agreement With GAIL (Positive)
Shilpa Med: Gets Marketing Authorization From MHRA, UK, For Betahistine Dihydrochloride Orodispersible Films, 24 mg (Positive)
M&M: IFC to invest Rs 600 crore in tranches in M&M’s subsidiary Mahindra Last Mile Mobility by subscribing to compulsorily convertible preference shares. (Positive)
Infosys: Completes Acquisition of Danske Bank’s IT Centre in India (Neutral)
Maruti: August total production up 3.5% at 1.65 lakh units vs 1.59 lakh units (YoY) (Neutral)
Jet Airways: ED arrests Jet Airways founder Naresh Goyal in Rs 538-cr alleged bank fraud case (Neutral)
ONGC: Company approves capital restructuring of ONGC Petro additions. (Neutral)
ITC: Peter Rajatilakan Chittaranjan has stepped down from board (Neutral)
Ashok Ley: Total sales at 15,576 units Vs estimate of 15,661 units (YoY). (Neutral)
Kotak Bank: Uday Kotak Resigns As Kotak Mahindra Bank MD & CEO, Dipak Gupta takes interim charge (Neutral)
Venus Pipes: Arun Axaykumar Kothari Resigns As CFO Of The Co w.e.f. September 1, 2023. (Neutral)
Oil upstream stocks: Government cuts windfall tax on crude petroleum, SAED on diesel and ATF increased. (Neutral)
(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.)
