Stocks in News: KRN, GARDENREACHSHIP, NHPC, WIPRO, RVNL, GNFC, SBILIFE, SMSPHARMA
AHMEDABAD, 25 MARCH:
Brigade Enterprises: Company acquires 4.4 acres of land in East Bengaluru for residential project, gross development value is approximately ₹950 crore (Positive)
KRN: Company has received approval and recognized as an approved vendor from the Ministry of Railway, Government of India (Positive)
Garden Reach Shipbuilders: Company inks deal with German firm for two more multi-purpose vessels (Positive)
NHPC: Company announced the successful completion of the trial run for Unit2 (200 MW) of the Parbati-II HE Project (800 MW) in Himachal Pradesh (Positive)
Wipro: Company announced AI Agent Solutions across the Healthcare Industry Powered by Agent force (Positive)
ITD Cementation: Renew Exim DMCC is making an open offer to acquire up to 44,664,772 equity shares at ₹571.68 per share (Positive)
SBEC Systems: Commissioned a 100 KWp solar power project at M.M. Printers, Modinagar, Uttar Pradesh. (Positive)
Rail Vikas Nigam: Company emerged as the lowest bidder (L1) from Central Railway for OHE modification work in the Itarsi-Amla section. (Positive)
Modern Dairies: Promoter Krishan Kumar Goyal & PAC acquired 23,00,000 equity shares on Mar 20, 2025, via conversion of warrants. (Positive)
Seamec: Company announced the receipt of a Letter of Award (LOA) from M/s. Larsen and Toubro Limited (L&T Energy Hydrocarbon Div) (Positive)
MRPL: Ministry approved the appointment of Shri. Devendra Kumar (Group General Manager, ONGC) as Director (Finance). (Positive)
HCL Tech: Company and Western Union formed a strategic partnership to drive innovation in financial services (Positive)
City Union Bank Ltd: Bank opened 2 new branches on March 24, 2025, bringing the total to 859 branches. (Positive)
Krishca Strapping: Company has received new orders totaling Rs 65.75 Cr from ESL Steel Limited (Vedanta Group) (Positive)
Interarch: Company signs MoU with Moldtek to expand global operations (Positive)
GNFC: Company signs agreement TKUIPL for Weak Nitric Acid-III plant. (Positive)
R P P Infra: Company wins new orders worth Rs. 21.95 Crores (Positive)
India Pesticides/NACL: DGTR recommends anti-dumping duty on imports of Pretilachlor from China (Positive)
Cholamandalam Investment: Company approves appointment of Vellayan Subbiah as Executive Chairman of the company for 5 years (Positive)
BMW Industries: Company has signed a MOU with the Ministry of Steel, Government of India under the Production Linked Incentive Scheme (Positive)
HFCs/Power Financing Stocks: New guidelines come into effect from April 1, 2025 (Agencies). Broaden criteria for Renewable Energy sector and enhanced loan limits for housing loans (Positive)
IFB Ind: Govt imposes anti-dumping duty on imports of Roller chains from China (Positive)
SG FIserve: Madhusudan Murlidhar Kela acquires 9.51 lakh shares, or a 1.7% stake (Positive)
Power Grid: Company acquired Kurnool-IV Transmission Limited under TBCB route. (Positive)
IOB: Bank raises ₹1,436 crore by mostly selling shares to LIC, SBI funds (Neutral)
Punjab & Sind Bank: Launches QIP; sets floor price at ₹40.38/sh (Neutral)
UCO Bank: Launches QIP, Sets Floor Price At ₹36.07/Sh (Neutral)
Central Bank of India: Opens QIP; sets floor price at ₹42.62/Sh. (Neutral)
TTK Prestige: Mr. T T Jagannathan stepped down as Non-Executive Chairman & Director after 50 years. (Neutral)
PG Electroplast: Maharashtra GST Dept. conducted an inspection/search at the company & its wholly-owned subsidiary. (Neutral)
LTIMindtree: CRISIL re-affirms ratings at ‘CRISIL AAA/Stable/CRISIL A1+. (Neutral)
GIC Housing Finance: Company announced the appointment of Shri Sachindra Salvi as Managing Director & CEO (Neutral)
Celebrity Fashions: Company announced the allotment of 31,26,339 equity shares at ₹16.06 each via preferential issue (Neutral)
Eureka Industries: Company announced a rights issue of 4.9 crore shares. (Neutral)
Kohinoor Foods: Company announced the resignation of their CFO, Mr. Chashu Arora (Neutral)
Easy Trip Planners: Board approved an investment in Big Charter Private Limited (BCPL) for up to 49% stake (Neutral)
Uno Minda: Company announced the redemption of unlisted Commercial Papers worth ₹75 Cr. (Neutral)
Mahindra Life: India Ratings and Research Pvt. Ltd. assigned an IND A1+ rating for the company’s proposed Commercial Paper program. (Neutral)
Sterling and Wilson: Company announced Mr. Ajit Pratap Singh has been appointed as the Chief Financial Officer. (Neutral)
Asahi India Glass: Company announced Dr. Satoshi Ishizuka’s resignation from the board. (Neutral)
Restaurant Brands: Company opens QIP, sets floor price at ₹62.32/sh. (Neutral)
Keerthi Industries: Company received an assessment order from the Income Tax Dept. dated Mar 11, 2025, for FY24, totaling Rs 5.92 Cr. (Neutral)
Ranjeet Mechatronics: Company announced a record date of April 02, 2025, for a stock split. The face value of equity shares will be split from Rs 10 to Rs 5. (Neutral)
Dr Agarwal’s Health: Company has started a new branch in Udhna, Gujarat, and effective March 24, 2025. (Neutral)
Insolation Energy: Company appoints Ravi Dusad as Chief Financial Officer (CFO) of the company w.e.f. March 22, 2025. (Neutral)
JTL Industries: Company announced changes to its Memorandum of Association to include new products from Direct Forming Technology & strategic acquisitions. (Neutral)
Kirloskar Industries: Company announced Mr. Akshay Sahni’s appointment as Chief Operating Officer, effective April 1, 2025. (Neutral)
Canara Bank: Announced the appointment of Shri S K Majumdar as Executive Director for a period of three years. (Neutral)
Sai Life: Company announced the appointment of Dr. Dinesh V Patel as an Independent Director for a 5-year term (Neutral)
Welspun Specialty: Company announced the allotment of 13,25,22,289 fully paid-up equity shares at ₹26.40 per share through a rights issue. (Neutral)
Adani Energy: Dr. Arivarasu Selvaraj has been appointed as Chief Digital Officer. (Neutral)
Astec Lifesciences: ICRA assigned an [ICRA]AA-(Negative) rating to its Rs. 50 crore Non-Convertible Debentures (Neutral)
Adani Ent: Company has incorporated a wholly owned subsidiary namely “Adani New Industries One Limited (Neutral)
Maitrimony: Company declares special interim dividend of ₹5/share to commemorate the company’s silver jubilee year (Neutral)
IndusInd Bank: Gets GST penalty order of ₹30.15 crore on account of various GST issues. (Neutral)
Mahindra Finance: Company appoints Ramganesh Iyer as Chief Operating Officer of the company w.e.f. April 10, 2025. (Neutral)
Hyundai: Board has approved an investment of approximately ₹694 crore to establish and operate a tooling centre in India. (Neutral)
Piramal Enterprises: Company will consider raising funds up to Rs 300 crore through NCDs. (Neutral)
Oil importers: US announces 25% tariff on nations buying Venezuelan oil, effective April 2 (Neutral)
Mishra Dhatu: Ex-Dividend date today, Rs 0.75/Share (Neutral)
K-Solves: Ex-Dividend date today, Rs 7.5/Share (Neutral)
SMS Pharmaceuticals: Company received a demand notice from the Income Tax Dept. for FY23-24. The demand, issued on March 22, 2025, totals Rs 45.63 Cr (Negative)
Britannia: Gujarat’s Jhagadia plant operation partially affected due to a strike. (Negative)
SBI Life: Company receives ₹352.50 crore Income Tax order, plans to appeal (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.)
