Stocks in News: RVNL, VEDANTA, TCS, HPCL, GMRAIRPORT, NITCO, TAXMACORAIL, GAIL, ZOMATO, HCC, TATAPOWER
AHMEDABAD, 17 DECEMBER
Metropolis Healthcare: Company’s acquisition focuses on strengthening Metropolis’ specialized diagnostics, particularly in oncology, a rapidly growing market in India. (Positive)
RVNL: Company gets LoA from Maharashtra Metro Rail Corporation for a project worth ₹270 cr. (Positive)
Vedanta: Ind-Ra upgrades Vedanta’s NCD rating with a rider (Positive)
TCS: Company partners with Landis+Gyr to deliver next-generation energy efficiency solutions. (Positive)
Patanjali Foods: Company Commenced commercial production at its Niglok Palm Oil Processing Mill in Arunachal Pradesh on December 16, 2024. (Positive)
HPCL: Company Board Approved the Lube Modernization and Bottoms Upgradation Project at Mumbai (Positive)
Texmaco Rail: Company gets work order for Rs 187 crore for construction of transmission lines from Chhattisgarh government. (Positive)
GMR Airports: Total airports passenger traffic up 14% at 1.12 crore year-on-year. (Positive)
Waaree Energies: Company bags two module supply orders, aggregating 398 megawatts in the domestic market. (Positive)
Oriana Power: Company commits investments worth Rs 10,000 crore in Rajasthan for development of green energy projects. (Positive)
Anant Raj: Company allotted 1369863 Fully convertible warrents to its promoter and promoter group. (Positive)
NITCO: Company received a Rs 105.4 cr order from Prestige Estates Projects Limited. (Positive)
Speciality Restaurants: Company launched a new restaurant, Bizarre Asia, in Kolkata. (Positive)
Electronics Mart: Company opened a new Bajaj Electronics store in Telangana. (Positive)
GAIL India: Qatar will supply LNG to Gail India from next year under a new five-year pact. (Positive)
Railtel: Company received a ₹38 crore work order from Central Warehousing Corporation for CCTV work. (Positive)
Zomato/ Swiggy: GST Council likely consider lowering tax on food delivery by e-commerce operators on delivery charges from 18% to 5% without ITC: CNBC Sources. (Positive)
HCC: Company opens fund raising through QIP, Floor price Rs 45.24 per share. (Positive)
Hotel Stocks: GST Council relief likely for restaurants at hotels that provides accommodation of more than ₹7500/night room. Hotels upon prior declaration can either opt to charge 5% without ITC on restaurant services or 18% with ITC: CNBC Sources. (Positive)
Indus Tower: Income Tax Appellate Tribunal orders in favour of the company on denial of depreciation of assets received under merger. Order to result in reduction of ₹3,500 crore in contingent liability. (Positive)
Godavari Biorefineries: Ethanol and bio-based chemicals maker announced plans to invest ₹130 crore in a new 200 KLPD corn/grain-based ethanol distillery. (Positive)
Moneyboxx Finance: Company opened a new branch office in Sultanpur, Bihar. (Positive)
Tata Power/JSW Energy: MNRE secretary: Starting with 10%, battery storage capacity is likely to be made mandatory for project developers for solar + wind projects (Positive)
HDFC Bank: Gets administrative warning from Sebi over delayed disclosure of mortgage head’s resignation in March (Neutral)
Hitech Corp: Company appoints Mr Jasraj Singh as Chief Operating Officer, effective December 16, 2024. (Neutral)
Mankind Pharma: Company acquired 100% of Bharat Serums and Vaccines. (Neutral)
Allcargo Terminals: November Business Update, CFS volumes down 4% YoY & up 1% QoQ at 47.7 TEUs. (Neutral)
Vedanta: Company Board Approved Rs 8.50/ Share Interim Dividend. (Neutral)
CDSL: Company’s e-voting results are in favour of Shri Nehal Vora’s appointment as Managing Director & CEO is ratified. (Neutral)
Indian Bank: Bank confirms payment of interest on its Debt Securities (AT1 Bonds). Amount paid: Rs.47.26 Cr. (Neutral)
Gravita India: Company announced the approval of its Qualified Institutions Placement (QIP) of equity shares. Floor price of Rs 2206.49 per share. (Neutral)
Happiest Minds: Company announced the merger of its wholly-owned subsidiary, Happiest Minds Inc. (Neutral)
GG Engineering: Company will merge with Integra Essentia Limited. (Neutral)
CreditAccess Grameen: Company received an income tax demand of Rs. 46.03 Cr for AY 2022-23. (Neutral)
Abbott India: Company’s Mr.Sridhar Kadangode resigned as CFO, Whole time director and director. (Neutral)
Continental Petroleums: Company approved acquiring 49.58% of Unique Techno Associates. (Neutral)
NDR Auto: Company’s CFO, Mr. Mohit Kumar Jain, and resigned, effective March 31, 2025. (Neutral)
SRF: LIC increases stake in SRF to 5.00% from 4.97%. (Neutral)
Supreme Petro: Long-term bank facilities rating reaffirmed at Crisil AA-/Positive(outlook revised from ‘Stable’). Short-term rating remains Crisil A1+. (Neutral)
Uniparts: Company announced the resignation of Abhay Kapoor, Senior Vice President – Head HR. (Neutral)
Varun Beverages Limited: Company announced that it has acquired 39.93% of Lunarmech Technologies Private Limited. (Neutral)
Mankind Pharma: Company to launch QIP to raise up to ₹3,000 cr, issue price likely at ₹2,520/sh. (Neutral)
Mindspace REIT: ADIA is likely to divest a 9.2% stake in Mindspace Business Parks REIT through a block deal valued at ₹1,903 crore. (Neutral)
LIC: Company reports unclaimed maturity amounts of Rs 880.93 crore for fiscal 2024. (Neutral)
Mawana Sugars: Company received notices from Delhi’s Anti-Corruption Branch. (Negative)
PNB Gilts: Vikas Goel Resigns as Managing Director and CEO of PNB Gilts w.e.f. December 23, 2024. (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.)
