Stocks in News: NCC, GODREJPROPERTIES, ALEMBICPHARMA, POWERMECH, TBOTECK, MSTC, IFCI

AHMEDABAD, 24 MARCH:

Godrej Properties: Company acquires 10 acres of land in Yelahanka, Bengaluru for residential development, estimated revenue potential at ₹2,500 crore (Positive)

Alembic Pharma: US FDA completes inspection of company’s API-III facility at Karakhadi, issues zero form 483 observation (Positive)

Welspun Corp: Company completes transaction with strategic investor in arm ‘Nauyaan Shipyard’, gets ₹476.39 crore for 74% stake (Positive)

Power Mech: Company announced the receipt of a ₹579 Crore order (excluding GST) from Bharat Heavy Electricals Limited (Positive)

NCC: Company gets LoA for a project worth ₹1,480.34 crore from Bihar Medical Services and Infrastructure corp. (Positive)

Gland Pharma: Vanguard Buys 18.55 lakh shares (Positive)

Nazara: Norges Bank pension fund global bought 719000 shares at Rs. 969.65. (Positive)

Godrej Agrovet: Company signs share purchase agreement with promoter group of Creamline Dairy Products to buy 47.38% equity stake in Creamline Dairy Products. (Positive)

TBO Tek: SBI Mutual Fund, ICICI Prudential MF and Nippon India MF purchase a 4.12% stake in TBO Tek for Rs 537 crore via open market deals. (Positive)

Adani Green Energy: Subsidiary company commissioned a 250 MW solar project in Rajasthan (Positive)

IFCI: Govt appoints Rahul Bhave as MD & CEO of IFCI for 3 years (Positive)

Hindustan Copper: Company appoints Sanjiv Kumar Singh as Chairman and Managing Director (CMD) of the company w.e.f. March 21 (Positive)

Mahindra Lifespace: Company targets ₹400-500 crore annual revenue from industrial parks for FY26 (Positive)

Avenue Supermarts: Company opened a new store in Sankeshwar, Belagavi on March 21, 2025. The total store count is now 399. (Positive)

MSTC: Company gets work order from Coal India to provide e-auction services for coal & coal products for 2 years (Positive)

Allied Blenders: Company announced an increase in production capacity of 15 lakh bulk litres of grain-based spirit for FY25. (Positive)

Eureka Industries: Company announced the receipt of a purchase order from Grainspan Nutrients Private Limited for the supply of 5000.00 MT of Maize, the order is valued at Rs 12.10 Crores. (Positive)

NMDC: Federation of the unions asked their members to resume duties fully & employees have resumed duties & normal operations have resumed at all the projects. (Positive)

Unicommerce: Company acquires Shipway to become e-commerce one-stop shop (Positive)

Kings Infra: CRISIL Ratings has upgraded the credit ratings for Kings Infra Ventures Ltd. (Positive)

Lemon Tree: Company opened its 10th hotel in Rajasthan, Keys Prima in Kota (Positive)

Reliance Industries: Company acquires 74% stake in Nauyaan Shipyard for ₹382.73 crore. (Neutral)

Ashoka Buildcon: Company Board approved the re-appointment of Mr. Satish Parakh as Managing Director. (Neutral)

Wonderla Holidays: Company expects a 5% to 10% increase in footfall during the summer season. (Neutral)

Allcargo Gati: Company announced an increase in its authorized share capital from ₹35 Cr to ₹70 Cr. (Neutral)

Indusind Bank: Taps Grant Thornton for fraud checks in accounting case, ET sources (Neutral)

Apollo Hospitals: Arm buys 11.2% stake in Keimed for ₹625.23 crore. (Neutral)

Power Finance: Special Purpose Vehicles (SPVs) Companies have been incorporated as wholly owned subsidiaries of PFC Consulting Limited (PFCCL) (Neutral)

Maithan Alloys: Company completed the acquisition of Eloise Builders & Constructions Private Limited (Neutral)

Samvardhana Motherson: Company declared an interim dividend of ₹0.50 per equity share (Neutral)

Dr Reddy’s: Company’s Board meeting on 09th May to approve Financial Results and Dividend recommendation. (Neutral)

IndusInd Bank: Exchanges has been excluded Bank from ASM Framework. (Neutral)

Power Grid: Company acquired Fatehgarh II and Barmer I PS Transmission Limited (FIIBITL). (Neutral)

Torrent Power: Company sold equity shares of 20 subsidiaries to its wholly owned subsidiary, Torrent Green Energy Private Limited, for ₹424.26 Cr. (Neutral)

Laxmi Dental: Company announced the appointment of M/s. M. Jawadwala & Co. as Secretarial Auditors for FY25. (Neutral)

Adani Enterprises: Company announced the incorporation of Cococart International-FZCO (CIFZCO) in Dubai, UAE (Neutral)

Sanghvi Movers: Company announced the appointment of Mr. Ishwar Chand Mangal as a Non-Executive Independent Director for a 5-year term (Neutral)

Insolation Energy: Company appoints Ravi Dusad as Chief Financial Officer (CFO) of the company w.e.f. March 22, 2025. (Neutral)

IDBI Bank: RBI imposes penalty of ₹36.30 lk on the bank under Section 11(3) of FEMA, 1999 (Neutral)

L&T: Board approves long-term borrowings of up to ₹12,000 crore. Elevated Subramanian Sarma as Deputy MD & President of the company from April 2 (Neutral)

UCO Bank: Launches QIP, total size is at ₹2,000 crore. QIP price Rs 34.27/Sh with discount to 5.0 percent at floor price: CNBC sources. (Neutral)

Mahindra & Mahindra: Company to increase prices by up to 3% for SUV, CV from April (Neutral)

Insolation Energy: Company announced the resignation of Ms. Madhuri Maheshwari from the position of Chief Financial Officer, effective March 21, 2025. (Neutral)

Fortis Healthcare: Company receives injunction order related to Shrimann Hospital acquisition. (Neutral)

Tata Steel: Incident reported at steel melting shop in Kalinganagar, few employees met with injuries (Neutral)

Minda Corporation: Company issued & allotted Commercial Paper worth Rs 100 Cr on Mar 21, 2025. (Neutral)

Walchandnagar: Mr. Santanu Ghoshal, President, and resigned, effective March 21, 2025. (Neutral)

Birla Cable: Company announced Ms. Suman as the new Company Secretary & Compliance Officer, effective Mar 21, 2025. Mr. Somesh Laddha (Neutral)

Sundaram-Clayton: Company declares interim dividend of Rs 4.75/share for FY25. (Neutral)

Naperol Investments: Company declared an interim dividend of Rs 9.00 per equity share for FY24-25. Record date is Mar 27, 2025. (Neutral)

Jindal Stainless: Anurag Mantri has resigned from post of Executive Director and Group CFO. (Neutral)

JSW Energy: Mr. Ashok Ramachandran resigned as Director, Whole-time Director, & Key Managerial Personnel due to personal reasons, effective Apr 8, 2025. (Neutral)

Rajoo Engineers: Company announced the resignation of CFO, Mr. Prakash C. Daga, and effective March 21, 2025 (Neutral)

ICICI Sec: Ex-Merger date today with ICICI Bank, Ratio 67:100. (Neutral)

IRCON: Conarch associates initiate an arbitration claim of ₹158.89 crore against the company at the Arbitration tribunal. (Neutral)

Bodhi Tree Multimedia: Ex-Right date today, Ratio 4:9 (Neutral)

Vodafone Idea: Company says It Can’t Furnish Rs 6,051 Crore Bank guarantee (Neutral)

Manappuram: BOFA securities Sold 40lk shares (0.5% equity) in bulk deal. (Neutral)

Ujaas Energy: Company received a Show Cause Notice from the GST Dept. for the period Apr 2021-Mar 2022 & Apr 2022-Mar 2023. The SCN, recd on Mar 13, 2025, cites short/non-payment of GST & incorrect input credit. The demand is Rs 51.14 cr. incl. interest & penalty (Negative)

Rama Steel Tubes: ICRA has downgraded the company’s credit ratings. The long-term fund-based cash credit rating was lowered to [ICRA] BBB- (Stable). (Negative)

Johnson Controls: Company received a Show Cause Notice from the Commissioner of Customs, JNCH, Nhavasheva, alleging an incorrect claim of preferential Customs Duty. The claim in the notice is for Rs 58.03 Cr. (Negative)

Hindalco: Novelis will not have another go at an IPO for at least one more year, amid valuation concerns: Media sources. (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.)