Stocks in News: NHPC, IRBINFRA, ITC, MRPAGRO, BEL, LEMONTREE, IREDA, ICICIPRU, CRISIL, DABUR, MAZDOCK
AHMEDABAD, 16 APRIL:
PB Fintech: PB Pay Private Limited, has received an in-principle authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. (Positive)
Hindustan Composites: Acuite Ratings & Research has upgraded the credit ratings (Positive)
NHPC: Company announced the commercial operation of Unit 4 (200 MW) of the Parbati-II HE Project (800 MW) in Himachal Pradesh. (Positive)
IRB Infra: Government mulls relief for toll payers, may introduce 2 new toll collection methods. (Positive)
Shipping Corporation: Company received an income tax refund of ₹57.27 crore. (Positive)
Apeejay Surrendra Park: Company announced the launch of “Zone Connect by The Park” in Jaisalmer. (Positive)
Jeena Seekho: Company Board Meet on 21 April to Consider Stock Split (Positive)
ITC: Company expresses optimism on India signing trade deals with EU & UK this year. (Positive)
Banganga Paper: Company has received renewed environmental certification from the Maharashtra Pollution Control Board (Positive)
MRP Agro: Net profit at Rs 7 cr vs Rs 1 cr, Revenue at Rs. 104 cr vs Rs 43 cr (YoY). (Positive)
Allcargo Terminals: Company reported CFS volumes of 51.2k TEUs in Mar 2025, a 5% increase from Feb 2025. (Positive)
Nureca Ltd: Company announced its products, Dr. Trust & Dr. Physio will soon be available on Swiggy Instamart, a quick-commerce platform in India. (Positive)
Aditya Birla Real Estate: FY25 booking value at Rs 8,000 cr, more than doubles YoY. (Positive)
Blue Dart: Company announced the expansion of its network with Guwahati as a direct flying location. (Positive)
Ashapuri Gold: Company expands into the high-growth North-East Indian jewelry market, targeting Kolkata, Odisha, Jharkhand, and Guwahati. (Positive)
UBL/USL: Commerce Ministry says India and UK trade negotiators are working to resolve pending issues. (Positive)
FMCG/ Agri/ 2W stocks: IMD predicts above-normal monsoon this year, with a 105% rainfall forecast. (Positive)
BEL: Media sources indicate that company may secure a major deal from the Indian Air Force, which will include the low-level lightweight radar MK-2. (Positive)
Lemon Tree Hotels: Company announced the signing of a license agreement for Lemon Tree Resort in Mori Bera, Rajasthan (Positive)
IREDA: Net profit at Rs 502 crore versus poll Rs 433 crore, NII at Rs 758 crore versus poll Rs 677 crore (Positive)
ICICI Pru: Net profit at Rs 386 crore versus poll Rs 222 crore, the solvency ratio improved to 212.2%. The Board recommended a final dividend of ₹0.85 per equity share. (Neutral)
Crisil Ltd: Company announced May 7, 2025, as the record date for the first interim dividend for FY25 (Neutral)
Kesar Enterprises: Company announced the resignation of Mr. Rohit Balu from his position as Chief Financial Officer (CFO) on April 15, 2025. (Neutral)
Vedanta: Cairn Oil & Gas, a part of Vedanta, acquires 7 new blocks in Open Acreage Licensing Policy (OALP) Round-IX. (Positive)
Oil India: Company secures 9 blocks under OALP Round-IX. With this, Oil India’s exploration acreage grows by 85% to 1.10 lakh square kilometers from 60,000 square kilometers. (Positive)
Race Eco Chain: Company announced an investment of Rs 2.55 Cr in Ganesha Recycling Chain Private Limited, its subsidiary. (Neutral)
Dabur India Ltd: Company has announced the incorporation of a new step-down wholly owned subsidiary in the UK. (Neutral)
T.V. Today: Company board approved the acquisition of immovable property in Noida. (Neutral)
Life Insurance Corporation: Company announced the appointment of Mr. Surendra Singh Chaplot as Executive Director (Business Development & Bima Sakhi) effective April 15, 2025. (Neutral)
TCS: Andhra Pradesh government allots 21 acres land to Company in Visakhapatnam. (Neutral)
Deep Diamond India: Company announced the resignation of Mr. Narendra Kumar Shrimali from the CFO position, effective April 16, 2025. (Neutral)
Max Financial: Company announces the appointment of Mr. Nishant Kumar Gehlawat as Chief Financial Officer, effective 30th April. (Neutral)
Union Bank of India: Bank announced Shri Anil Kuril, Chief General Manager, as the new Chief Information Security Officer (CISO), effective Apr 15, 2025. (Neutral)
Steel Stocks: Govt mulls measures against steel dumping, with safeguard duties on steel imports under active consideration. (Neutral)
MOIL: Company announced the re-appointment of Shri Dinesh Kumar Gupta as a Non-Official Director for one year. (Neutral)
Poonawalla Fincorp: Company approves to raise Rs 1,875 crore through issuance of NCDs on private placement basis. (Neutral)
Landmark Cars: Q4FY25 consolidated revenue from operations was ₹1,525 Cr, up 17.31% YoY, but down 8.63% QoQ. (Neutral)
JK Cement: Company board to consider fund raising of up to Rs 500 crore via NCDs on 24th May, 2025. (Neutral)
Axis Bank: Board of Directors meeting will be held on Thursday, April 24, 2025 to consider fund raising through debt market. (Neutral)
Aster DM Healthcare: CCI approves merger of Quality Care India into Aster DM by way of scheme of amalgamation. (Neutral)
ICICI Lombard: GDPI for Q4 FY2025 was ₹62.11 billion, a 2.3% increase YoY. Profit Before Tax (PBT) grew by 30.0% to ₹33.21 billion in FY2025. PAT de-grew by 1.9% to ₹5.10 billion. (Neutral)
Indusind Bank: The Bank has since received the report from the external agency on 15th April 2025 which has identified discrepancies, inter alia, relating to derivative deals. Bank has assessed an adverse impact (on a post-tax basis) of 2.27% to the Bank’s Net Worth (Neutral)
Pharma stocks: US President Trump signs exec order to revamp Medicare drug price rules (Neutral)
ICICI Lombard: Net Profit Down 1.9% At ₹509.6 Cr Vs ₹520 Cr, Gross Premium Up 10.2% At ₹6,903.9 Cr Vs ₹6,263.1 Cr (YoY) (Neutral)
Max India: Company announced that its Board of Directors will meet on April 22, 2025, to finalize the record date, price, & entitlement ratio for the Rights Issue of Equity Shares. (Neutral)
Mazdock: Ex-date today; Dividend – Rs 3.0 per Share. (Neutral)
VTM: Board meeting today to consider increase in authorized capital. (Neutral)
Trident Life: Board meeting today to consider Preferential Issue of shares. (Neutral)
Wipro/ Angle One/ RIIL/Swaraj Engines/Waaree renewables/GTPL: Board meeting today to consider quarterly earnings. (Neutral)
Gensol Eng: SEBI bars Gensol promoters over fund diversion, falsification of records. (Negative)
Mahanagar Gas Ltd: APM gas allocation reduced by ~18% effective Apr 16, 2025, impacting profitability. (Negative)
Indraprastha Gas: Company announced a reduction in domestic gas allocation by ~20% effective Apr 16, 2025. (Negative)
Adani Total Gas: Company received intimation from GAIL (India) Ltd regarding a 15% reduction in APM gas allocation, effective April 16, 2025. (Negative)
