Stocks in News: RITES, BIOCON, INFOSYS, DCAL, SUNPHARMA, NBCC, TATAMOTORS, TARC, BHEL, BOB, TCS

AHMEDABAD, 11 APRIL:

Olectra Greentech: Bagging of order from Himachal Road Transport Corporation (HRTC) for supply of 297 Electric Buses. (Positive)

RITES: Company and DP World sign MoU for Logistics Infrastructure Development. (Positive)

Biocon: Arm Biocon Biologics announces U.S. FDA approval for Jobevne. (Positive)

Infosys: Company and Aib Extend Strategic Collaboration for Digital Transformation, To Deliver Application Development, Testing, and Support Services. (Positive)

Greaves Cotton: Company announced a partnership with Chara Technologies to manufacture synchronous reluctance motors and controllers. (Positive)

DCAL: Arm Carbogen AMCIS gets drug manufacturing license from National Medical Product Administration (NMPA) for its Shanghai, China. (Positive)

Sun Pharma: U.S. Court of Appeals for the Federal Circuit ruled in favor of the Company related to launch of deuruxolitinib and vacated the preliminary injunction (Positive)

20 Microns: ICRA has reaffirmed credit ratings for various bank facilities, Long-term fund-based working capital facilities: [ICRA] A- (Positive); reaffirmed with outlook revised to Positive from Stable. (Positive)

Coromandel: Company And Saudi Mining Company Ma’aden Sign MOU To Partner For Phosphatic Fertilisers, MOU For The Long-Term Supply Of Di-Ammonium Phosphate (Dap) And Np/Npk Fertilisers. (Positive)

Aurobindo Pharma: CuraTeQ Biologics, a subsidiary, announced positive results from a Phase 1 study of its denosumab biosimilar, BP16. (Positive)

BHEL: Company signs MoU with Nuovo Pignone International for compressor revamp opportunities in fertilizer sectors in India (Positive)

Standard Glass: Company announced entering a long-term agency agreement with BioCon Solutions Pte Ltd, Singapore on April 09, 2025. (Positive)

Cyient DLM: Cyient Group and Deutsche Aircraft Expand Strategic Partnership to Collaborate on Advanced Cabin Management System in D328eco (Positive)

Tata Motors: JLR India reported annual sales of 6183 units, up 40 percent YoY (Positive)

Fredun Pharma: Company announced a significant tender win from Tamil Nadu Medical Services Corporation for generic medicines. The tender is valued between Rs 150 million and Rs 180 million. (Positive)

NBCC: Company concludes e-auction of residential units at Aspire Dream Valley Ph-III, Greater Noida (W), Uttar Pradesh & sells the units at sale value of ₹1,504.69 crore. (Positive)

Apex Ecotech: Company has secured a new order. The company has received an order from Luminous Power Technologies Private Limited. (Positive)

TARC: Company achieved its best-ever operational performance in FY2025. Annual sales hit a record Rs 3,122 crore, with Rs 1,235 crore in Q4 FY2025. (Positive)

Granules India: Company announces Closing of Acquisition of Senn Chemicals, Strengthening Capabilities in Peptide Therapeutics and CDMO Services (Positive)

Bansal Wire: Company inaugurated a steel wire manufacturing facility in Dadri, Uttar Pradesh (Positive)

Deepak Nitrite: Company’s subsidiary, Deepak Chem Tech will set up a manufacturing complex to produce Phenol, Acetone, Isopropyl Alcohol (IPA), and related infrastructure. (Positive)

Hazoor Multi Projects Ltd: Company’s subsidiary, Square Port Shipyard, signed a MoU with Damen Technical Cooperation B.V. to develop its shipyard & build ships for local & International markets. (Positive)

R M Drip: Company received a purchase order from Water Stewardship Org India Private Limited for the supply of High-Density Polyethylene pipes. The order is valued at Rs 15.16 Cr (Positive)

SRF: Company commissions and capitalises new agrochemical facility in Dahej Gujarat. The project has been commissioned at an investment of ₹239 crore (Positive)

Northern Arc: Ashish Dhawan acquired 35 lakh shares (2.17% stake) in the company at an average price of Rs 173.90 per share (Positive)

Tata Steel: Tata Steel Nederland to commence consultation on business restructuring. (Neutral)

Desco Infratech: Company announced the appointment of Ms. Muskan Omprakash Khandal as Company Secretary and Compliance Officer, effective April 09, 2025. (Neutral)

Bank of India: Bank Cuts Repo Based Lending Rate by 25 bps To 6% From 6.25% (Neutral)

Hikal Ltd: Company announced that Mr. Dharmesh Panchal, Chief Technology Officer, will resign, effective April 09, 2025. (Neutral)

Bajaj Healthcare: Company appoints Rohan Parekh as Chief Financial Officer of the company w.e.f. April 16, 2025 (Neutral)

Jash Engineering: Company announced FY24-25 unaudited consolidated revenue of Rs 735 Cr, exceeding the earlier estimate of Rs 710 Cr. (Neutral)

Sayaji Hotels: Company announced a credit rating from CRISIL Ratings. The long-term rating for the company’s bank facilities is Crisil BBB/Stable. (Neutral)

Remsons: Company announced the acquisition of Astro Motors, an electric three-wheeler manufacturing company. Remsons acquired a 51.01% stake in Astro Motors for Rs 14.22 crore (Neutral)

Rama Steel Tubes: Company announced the appointment of Mr. Manish Kumar as Company Secretary & Compliance Officer, effective April 09, 2025. (Neutral)

Adani Energy: Company Says In Q4FY25, Total Units Sold Rose By 8% Yoy in Distribution Business (Neutral)

Seshasayee Paper: CRISIL has reaffirmed credit ratings for bank facilities. Long-term bank facilities are rated CRISIL AA- with a negative outlook (Neutral)

Pavna Industries: Company approved raising funds up to Rs 320 Cr via Qualified Institutions Placement. (Neutral)

Shree Rama Multi-Tech: Company announced the appointment of Mr. Mirtunjay S. Mishra as Company Secretary and Compliance Officer, effective April 9, 2025. (Neutral)

GAIL: Company has completed over 97.6% of the Pradhan Mantri Urja Ganga pipeline. (Neutral)

Axiscades: Company announced the appointment of Mr. K.P. Mohanakrishnan as Deputy CEO and Mr. Muralikrishnan as COO (Neutral)

Auro Impex: Company announced the appointment of Mr. Rahul Choudhury as Company Secretary and Compliance Officer (Neutral)

Ace Software: Company has acquired the remaining 60% stake in Ace Infoway Private Limited (AIPL) for Rs 12.90 Cr, making AIPL a wholly-owned subsidiary. (Neutral)

Bank of Baroda: Keeps Lending Rates Unchanged w.e.f. April 12, 2025. (Neutral)

TCS: Revenue at Rs 64479 crore versus poll of Rs 64741 crore, Net profit at Rs 12293 crore versus poll of Rs 12546 crore. (Neutral)

Jindal Stainless: Company announced that its subsidiary, JSL Super Steel, has entered into an 11 MWp Power Purchase Agreement (PPA) with Sunsure Energy. (Neutral)

Sampann Utpadan: Company announced the appointment of Mr. Neeraj Kumar Mehra as Chief Financial Officer (CFO) effective April 10, 2025. (Neutral)

Bharti Hexacom: Company puts sale of infrastructure business to Indus Towers on hold. (Neutral)

IndiGo: Becomes world’s most valuable airline by market capitalisation (Neutral)

Federal Bank: Appoints Virat Sunil Diwanji as the national head – consumer banking of the bank w.e.f. April 10, 2025. (Neutral)

Eternal: Arm Zomato Netherlands B.V. initiates the process of liquidation w.e.f. April 9, 2025. (Neutral)

JSW Energy: Completes Acquisition of 4.7 GW RE Platform from O2 Power. (Neutral)

CRISIL: Ex-date today; Dividend – Rs 26 per Share. (Neutral)

Asiana Housing: Ex-date today; Dividend – Rs 1 per Share. (Neutral)

Jaykay: Board meeting today to consider Preferential Issue of shares. (Neutral)

Padam Cotton: Board meeting today to consider quarterly earnings. (Neutral)

Nippon Life: Company reported a cyberattack incident on its IT infrastructure late on April 9. (Neutral)

Mirza International: Long-term rating outlook has been revised to ‘Negative’ from ‘Stable’ by CRISIL Ratings (Negative)

Dhampur Bio: CARE Ratings has downgraded Dhampur Bio Organics Ltd’s (DBOL) credit ratings. Long-term bank facilities are now rated CARE A-; Stable. (Negative)

Sanofi: Company announced that its Managing Director, Rodolfo Hrosz, will step down from his role effective April 30, 2025. (Negative)

ATC Energies: Nova Global Opportunities Fund PCC – Touchstone sold 2.32 lakh shares in the company at an average price of Rs 80.96 per share. (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.)