Stocks in News: NTPC, REDTAPE, LARSEN, MAZAGON, STANLEYLIFE, VAKRANGI, SUVENPHARMA, IFCI, IDBIBANK, ZOMATO, SWIGGY
AHMEDABAD, 23 DECEMBER
United Drilling Tools: Company has received a new order worth Rs 552 MN from ONGC Ltd. (Positive)
NTPC Green Energy: Inks MoU with Department of Industries, Govt. of Bihar for renewable energy projects (Positive)
Aurobindo Pharma: Company subsidiary gets approval for oncology biosimilar Bevqolva from UK’s MHRA (Positive)
Redtape: Company board meet on 26 Dec to consider bonus and dividend. (Positive)
Greenlam Industries: Greenfield Particle Board Project at Naidupeta to Start Production in January. (Positive)
TeamLease: Company acquires TSR Darashaw, a payroll processing firm, and a stake in Crystal HR, an HR Tech solutions provider. (Positive)
Steel Stocks: DGTR initiates safeguard probe on imports of non-alloy and alloy steel flat products. (Positive)
Fortis Healthcare: Company acquires 7.61% stake in Agilus Diagnostics for ₹429.37 crore. (Positive)
SRM Contractors: Company received a new project with quoted amount Rs 1.06 billion (Positive)
India Cements: Competition Commission of India approves Company’s acquisition by UltraTech Cement (Positive)
Interarch Building Products: Company achieved 50 percent growth in North India for FY 25-26, with Uttar Pradesh driving the expansion. (Positive)
Larsen & Toubro: Ministry of Defence has signed a contract with Company for procurement of Artillery Guns for the Indian Army at a total cost of Rs 7,628.70 crore. (Positive)
Mazagon: ‘Nilgiri’ first stealth frigate of p17a class ship and ‘Surat’ fourth stealth destroyer of P15B class delivered to the Indian navy. (Positive)
Stanley Life: Company opened a new hybrid showroom in Aluva, Kerala. (Positive)
Cupid: Company receives UNFPA orders worth Rs 182 million (Positive)
R System: Company has agreed to sell its land and building at Plot No. C-1 and C-40, Sector 59, NOIDA for Rs 50.5 Cr (Positive)
Accel India: Company has secured $ 650 million for its eighth fund, while its global growth fund has raised $1.35 billion. (Positive)
GMM Pfaudler: Pfaudler GmbH, a GMM Pfaudler subsidiary, to acquire a 51% stake in a Polish firm to set up an engineering and manufacturing facility. (Positive)
Sudarshan chem: Sudarshan Europe B.V., Wholly Owned Subsidiary of the Company, has acquired three entities incorporated in Germany. (Positive)
HIL/Ramco: GST council clarified AAC block manufactured by fly ash to attract 12% GST, not 18% (Positive)
Vakrangee: Company board approved the issuance of 35 cr convertible warrants via preferential allotment to 11 non-promoter investors, raising Rs 980 cr (Positive)
Suven Pharmaceuticals: Company acquires 56% stake in NJ Bio for Rs 533 crore (Positive)
SKF India: Board meeting on Dec 26 to consider and approve the demerger between the SKF India Limited and SKF India (Industrial) Limited (Positive)
Sterling and Wilson: SWREL secures Rs. 1,200 crore order for solar project. (Positive)
JBM Auto: JBM Ecolife awarded contracts for 343 electric buses. (Positive)
IFCI: Government to infuse ₹500 crore in IFCI to improve its financial health (Positive)
NIIT Learning/ Teamlease/ CL Educate: Approved training partners of NSDC to be exempted from GST (Positive)
ITC/VST/Godfrey: GST council not discussed 35 percent GST regime for Tobacco companies (Positive)
Sun Ph/ Biocon/ Zydus Life: GST on Gene therapy which is critical and lifesaving is fully exempted (Positive)
Goyal Salt: Company announce the launch of its newest product, “Goyal Black Salt”, marking a significant addition to the company’s product portfolio. (Positive)
Saksoft: Company acquires ZeTechno to enhance digital transformation services. (Positive)
Vedanta: S&P Group upgrades Vedanta Parent Co. Vedanta Resources to ‘B’; outlook stable. Vedanta to not consider demerger of one of its units (Neutral)
Kiran Vyapar: Company completed the acquisition of 100% equity shareholding in Peepul Tree Capital Pte. Ltd. (Neutral)
Indian Oil Corp: Company Board approved Cr 4382.21 Cr yarn Project Investment, JV with MCPI Pvt. (Neutral)
Manbro Industries: Company appointed Mr. Sajan Jain as its Company Secretary, effective December 20, 2024. (Neutral)
Uflex: Company further acquires 8.26% stake in Amplus Phoenix Energy for Rs 5.43 Cr. (Neutral)
Concord Control: Company CFO Mayank Modi, Resigned on 20th Dec, 2024. (Neutral)
Urja Global: Company received a Care BB-; Stable issuer rating from CARE Ratings Limited on Dec 20, 2024. (Neutral)
IDBI Bank: Board meeting on Dec 31 to consider long term rupee bond borrowings up to Rs 100 billion from Domestic market for FY 2024-25 and FY 2025-26. (Neutral)
AGI Greenpac: Company to raise up to Rs 1,500 crore via preferential issue, QIP & other modes (Neutral)
BPCL: Company Buys Its First Argentinian Crude Oil Cargo, For Feb Arrival (Neutral)
Reliance Ind: Arm Reliance Digital Health enters into agreements to acquire 45% stake in US-based Health Alliance Group for $10 million. (Neutral)
NHPC: Company to invest Rs 5,500 cr in Bihar for Solar Energy and Green Hydrogen Projects. (Neutral)
Piramal Enterprises: Company board approves raising funds up to Rs 2,000 crore via QIPs in one or more tranches (Neutral)
Adani Power: Company is considering Rs 20,000 crore investment in a Bihar ultra-supercritical thermal power plant, potentially creating 13,500 jobs. (Neutral)
AU Small Finance Bank: Company gets RBI nod to reappoint Harun Rasid Khan as ‘part-time’ Chairman (Neutral)
Muthoot Microfin: Thomas Muthoot, MD of company hands over reins of Muthoot Pappachan Group to son Thomas Muthoot John. (Neutral)
Axis Bank: Company is introducing changes to its credit card fees, effective December 20, 2024 (Neutral)
Hyundai Motor: Company’s board has approved and recommended the reappointment of Unsoo Kim as Managing Director. (Neutral)
Kalpataru: Company will consider prepayment of NCDs issued by the company on a private placement basis on December 24. (Neutral)
Tata Steel: Dutch regulators have threatened Tata Steel Netherlands with substantial fines and potential closure of a coke plant in IJmuiden. (Neutral)
Zuari: Company has issued a Letter of Comfort to ICICI Bank Limited in respect of the working capital term loan facilities aggregating to Rs. 300 million (Neutral)
Refex: Ministry of Corporate Affairs has approved the incorporation of wholly owned subsidiary of the Company in the name of, Venwind Refex Power Limited (Neutral)
Canara Bank: Canara Bank Tanzania Limited, a wholly owned subsidiary of Canara Bank has transferred its assets and liabilities to Exim Bank Tanzania Limited (Neutral)
Rattan India: Increase investment in Neorise Technologies from AED 1M to AED 5M. (Neutral)
Insurance stocks: GST Council defers decision on any tax change in insurance premiums including life & health (Neutral)
Zomato/Swiggy: GST matter on food delivery apps deferred (Neutral)
Banco Products: Fixes 30 Dec as record date for bonus issue (Neutral)
PVR Inox: GST Council recommends 5% GST on ready to eat popcorn mixed with salt & spices if not pre-packaged, 12% on pre-packaged and labelled, 18% on caramel popcorn (Neutral)
Aviation stocks: States not comfortable on bringing ATF under purview of GST (Neutral)
Coforge: Company completed the acquisition of a 54% stake in Cigniti technologies limited for rs 1,415 per share, expanding its IT services portfolio and global presence (Neutral)
Cartrade: 18% GST imposed on margin value of 2nd hand car sale (Negative)
Orient Paper: Company announced that Mr. Ashwin J. Laddha resigned as Managing Director & CEO, effective December 20, 2024. (Negative)
Marico/ Bajaj Consumer: Union Cabinet hikes milling Copra MSP to ₹11,582/Quintal. (Negative)
Reliance Infra: Company received an arbitral award, ruling in favor of Aravali Power Company Private Limited (APCPL) in an EPC contract dispute. (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.)
