Stocks in News: RVNL, LUPIN, RAILTEL, TCS, VEDANTA, MAHINDRAEPC, VESUVIUS, ZYDUSLIFE
AHMEDABAD, 24 FEBRUARY:
RVNL: Company emerged lowest bidder for a South Western Railway project worth Rs 156.35 crore. (Positive)
Lupin: US FDA issues Establishment Inspection Report (EIR) for company’s manufacturing facility in Somerset, New Jersey (Positive)
RailTel: Company bags work order worth Rs 288 crore from East Central Railway. (Positive)
JTL Industries: Company Enters MOU with RCI for 200 Mt/Month Copper And Brass Alloys. (Positive)
Onesource Specialty: Care Ratings Ltd upgraded Company’s long-term bank facilities to CARE BBB+ from CARE BB+. (Positive)
Vedanta: Company has been declared as the preferred bidder for Madhya Pradesh’s Kauhari Diamond block. (Positive)
Ami Organics: Board approved the sub-division of existing equity shares (face value Rs. 10) into two equity shares (face value Rs. 5). (Positive)
Mahindra EPC: Company has been awarded a contract for the supply of micro irrigation systems under a community micro irrigation project with contract value Rs 11.11 cr. (Positive)
Crompton Greaves: Company launched new products “Surebreeze Super Briz Royale” and “Eco Deco”. (Positive)
Vesuvius: Company’s board meeting to review FY24 financials, recommend dividends, and propose a stock split/sub-division. (Positive)
Zee Media: Shareholders vote to increase FPI investment limit to 49%. (Positive)
Hazoor Multi Projects: Company has been awarded a project for reinforcement steel cutting, bending, fixing, and structural steel fabrication for the Versova Bandra Sea Link project in Mumbai. The total value of the awarded order is Rs 102.1 crores. (Positive)
Zaggle: Company entered into a customer service agreement with Indus Tower. (Positive)
TCS: Company Partners with Salesforce to Unlock the Power of AI for Manufacturers, semiconductor chip makers. (Positive)
Balrampur Chini: Company has started building India’s first Polylactic Acid (PLA) biopolymer plant in Uttar Pradesh. (Positive)
Zydus Lifesciences: Company has received USFDA approval to manufacture Ibuprofen and Famotidine tablets (Positive)
Optiemus: Company is subscribing to 2.38 Cr shares in Bharat Innovative Glass Technologies Pvt Ltd (Positive)
Lemon Tree: Company signs a new property in Rajasthan (Positive)
Oil India: Company to form a JV with Assam Power Generation Corporation (Positive)
Gabriel: Company has signed a Technical Assistance Agreement with Tractive suspension BV. (Positive)
Bikaji Foods: USA subsidiary, to expand and strengthen distribution in the USA. (Positive)
Som Distilleries: Company announced the allotment of 2,428,040 equity shares to promoters. (Positive)
PI Ind: Company and C-CAMP Announce Strategic Partnership to Drive Innovation in Biocontrol Technologies (Positive)
FTSE review inclusions: Ajanta Pharma, Apar Ind, Bajaj Housing Finance, Blue Star, NALCO, BSE, CRISIL, CDSL, Fortis, FACT, Indusind Bank, Premier Energies and Kaynes. (Positive)
Adani Green Energy: Company has launched a 250 MW solar power project in Rajasthan (Positive)
Coal India/PSP Projects: Coal India signs non-binding shareholders agreement with EDF India to form a JV to undertake PSP projects and renewable energy projects in India and neighboring countries (Positive)
KP Energy: Company has successfully commissioned further 2.8 MW wind power project consisting of one number of wind turbine generator, at Vagra Site (Neutral)
ABB India: Company Aims To Sustain Up to 15% Margin In FY26 As Backlog Conversion Impact Eases. (Neutral)
Tata Steel: CEO flags risks from US trade policies on steel sector. (Neutral)
Ujjivan Small Finance Bank: Board approves sale of NPA & written-off loans to Asset Reconstruction Company (ARC) (Neutral)
Brigade: Group to invest ₹1,500 crore in Kerala over next 5 years. (Neutral)
Niva Bupa Health: Company has received communication(s) from an anonymous sender. The threat actor claims to have the customer data of Niva Bupa (Neutral)
M&M Financial: Company approved Issue of Non-Convertible Debentures on Private Placement Basis, NCD Base Issue Worth 3b Rupees. (Neutral)
Bharti Airtel: Company to increase its shareholding in arm Airtel Africa Plc by Up To 5% Via Airtel Africa Mauritius. (Neutral)
Adani Green Energy: Company Unit Operationalized Solar Power Project of 250 Mw at Bhimsar & Dwada. (Neutral)
East West Freight: Company’s board approved a Rs. 30 Cr fund raising proposal through private placement or other permissible mod. (Neutral)
Bajaj Auto: Company to invest up to €150 Million in arm Bajaj Auto International Holdings BV, Netherlands (Neutral)
Dhunseri Investments: Company has entered into a MoU with M/s. Hatibari Tea Company on Feb 21, 2025, for the sale of Hatibari Tea Factory. (Neutral)
Plaza Wires Ltd: Company has received confirmation of its credit rating from CRISIL Ratings Ltd. The long-term bank facilities rating remains CRISIL BBB-/ (Neutral)
Swiggy: Board approved investing up to INR 1,000 Cr in its subsidiary, Scootsy Logistics Private Limited. (Neutral)
Eris Lifesciences: Company redeemed ₹437.50 Cr of 8% secured unlisted redeemable non-convertible debentures. (Neutral)
Granules: Board approved the acquisition of a 100% stake in Swiss company Senn Chemicals AG for approximately INR 1,925 million. (Neutral)
Nifty 50 changes: Zomato and Jio Financial to Replace Britannia and BPCL in Nifty 50 Effective March 28, 2025. (Neutral)
Nifty Next 50 changes: Swiggy, Britannia, IHCL, Hyundai, Bajaj Housing, BPCL and CG Power to Replace ATGL, BHEL, NHPC, IRCTC, Union Bank, Zomato and Jio FIn in Nifty Next 50 Effective March 28, 2025. (Neutral)
PayTm: Mobiquest Mobile Technologies, has sold its 100% stake in Xceed IT Solutions. (Neutral)
Nesco: Company has announced the incorporation of its wholly-owned subsidiary, Nesco Retail Private Limited, based in Mumbai, Maharashtra. (Neutral)
Rishabh Instruments: Company has announced a partnership with ASPIRE-IITB Research Park Foundation to open its sixth R&D center at IIT Bombay (Neutral)
SRF: Company has completed the expansion of its Fluorocarbon Refrigerant Gas Capacity at Dahej, with a total cost of around Rs. 361 Crores. (Neutral)
Aster DM: Company to invest Rs 850 cr in Kerala in next 3 years (Agencies) (Neutral)
FIEM Ind: Company has received a sum of Rs. 20 Crores (Rupees Twenty Crores) as ad-hoc payment from the Insurer (Neutral)
Maithan Alloys: Company acquired 48,000 shares of Power Finance Corporation Ltd. (Neutral)
Medplus Health: Company subsidiary, Optival Health Solutions Pvt Ltd, received four drug license suspension orders (Negative)
Solara Active Pharma: Company announced the resignation of its Managing Director, Mr. Poorvank Purohi. (Negative)
Jagsonpal Pharmaceuticals: Company received a warning letter from the USFDA, regarding observations during the inspection of its contract manufacturing facility. (Negative)
Fusion: ICRA Limited has downgraded the credit rating of Fusion Finance Ltd’s instruments. (Negative)
Flex Foods: India Rating has downgraded the rating for fund based working capital limits. (Negative)
Syngene: Company received 5 form 483 observations from USFDA for Bengaluru facility (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.)
