Stocks in News: SHILPAMED, AARTIDRUGS, BCLIND, ALEMBICPHARMA, BAJAJFIN, RPOWER, ADANIENERGY
Global Equities Update
Asian markets opened lower while recovery has witnessed from lower levels leaded by Hang Seng. U.S. stock futures were flat as market remains watchful ahead to the widely anticipated release of September’s jobs report while recovery has seen as eastern port workers called off strike.
Global Equity Indices Update
| Dow Future (US): | 42035, +23.0 points/ +0.06% |
| Nasdaq Future (US): | 19857, +66.0 points/ +0.33% |
| FTSE Future (UK): | 8327, +8.0 points/ +0.09% |
| DAX Future (Germany): | 19167, +29.0 points/ +0.15% |
| Taiex Future (Taiwan): | 22402, +11.0 points/ +0.05% |
| Hang Seng Future (Hong Kong): | 22303, +146.0 points/ +0.64% |
| Nikkei Index (Japan): | 38640, +88 points/ +0.23% |
| Gift Nifty: (India) | 25420, -56.0 points/ -0.22%. (Adjusted) |
AHMEDABAD, 4 OCTOBER:
Shilpa Medicare: Company unit receives certificate of suitability from EDQM for API, Desmopressin. (Positive)
Aarti Drugs: Company receives GMP Certificate from UK-MHRA for manufacturing facility of unit. (Positive)
BCL Industries: Company to acquire Goyal Distillery Pvt Ltd to facilitate the establishment of a 250 KLPD grain-based ethanol plant, significantly boosting company’s production capabilities from 700 KLPD to 1,100 KLPD. (Positive)
Unicommerce Esolutions: VIP Industries partners with Company to streamline E-Commerce Operations. (Positive)
Alembic Pharma: Company gets final US FDA nod for alcaftadine ophthalmic solution, 0.25% (OTC) (Positive)
Bajaj Fin: AUM up 29% at ₹3.74 lk cr vs ₹2.90 lk cr, Deposits book up 21% at ₹66,100 cr vs ₹54,821 cr (YoY) (Positive)
Sundaram-Clayton: Company opens QIP, floor price at Rs 2,320.78/sh. (Positive)
M&M: Mahindra Last Mile Mobility Launches Mahindra ‘ZEO’ (Zero Emission Option) 4W SCV Starting From ₹7.52 Lakh (Positive)
R Power: Board approves raising $500 m unsecured foreign currency convertible bonds (FCCBs) at 5% p.a. interest, 10 years long tenured. (Positive)
Blue Star: Company aims for 20% revenue growth in festive season for air conditioners. (Positive)
Muthoot Finance: Company re-appoints George Alexander Muthoot as MD effective April 1, 2025 for 5 years. (Positive)
Aster DM: Company signs definitive agreement to acquire 26% stake in Shri Sai Renew Venture Assets 1 LLP. (Positive)
Adani Energy: Tanzania is in talks with Adani Group for a $900 million public-private partnership project to construct high-voltage power lines. (Positive)
Bajaj Housing: AUM at Rs 1.03 lakh crore, up 26% year-on-year. (Positive)
CESC: Company signs binding term sheet with Bhojraj Renewables Energy for developing a 150 MW solar project and a 350 MW wind project. (Positive)
Uflex: Company’s Egypt unit Flex Asepto to set up a packaging unit worth $126 million. (Positive)
Max Health: CARE has upgraded the credit rating for long term bank facilities from ‘CARE AA; Positive’ to ‘CARE AA+. (Positive)
RITES: Company signs MoU with #DelhiMetro Rail Corp to identify, secure, and execute metro projects in India and abroad. (Positive)
Oil upstream stocks: Oil prices jump by 56 percent after the tensions intensified in Middle East. (Positive)
EPack: Company announces arrangement for manufacturing tie-up with Panasonic Life Solutions India Private Limited. (Positive)
JTL Industries: Company declare sub-division of 1 share into 2 shares. (Neutral)
Oriental Rail Infra: Company gets order worth Rs 36.8 million (Neutral)
M&M Financial: Company approved issue of non-convertible debentures on private placement, Company to issue up to Rs 7.5 billion. (Neutral)
Indian Oil Corp: Company and Nepal Oil Corporation sign B2B framework agreements for major petroleum infrastructure development in Nepal (Neutral)
Refex Industries: Company proposes to raise funds to the tune of Rs 927.81 cr to accelerate sustainable growth. (Neutral)
Ami Organics: Company has appointed Mr. Snehalkumar P. Shah as Senior General Manager Projects, effective October 3, 2024. (Neutral)
PNB GILTS: Company has appointed Sh. Raj Kamal Verma as an Independent Director for a 3-year term starting October 10, 2024. (Neutral)
Glenmark Life: Company received an intimation from the Income Tax Department for Q4 FY 2023-24, Form-24Q involving Rs 1662120. (Neutral)
NMDC: September total production at 3.04 MT, September total sales 3.54 MT vs 3.11 MT (YoY). (Neutral)
Bank Baroda: Global business up 10.23% yoy at ₹25.06 lk cr, Global deposits up 9.11% YoY at ₹13.63 lk cr. (Neutral)
BSE: Weekly index derivatives contracts on SENSEX 50 and Bankex will be discontinued w.e.f Nov 14, 2024 (Neutral)
DMart: Revenue at ₹14,050.32 cr vs ₹12,307.72 cr (YoY). (Neutral)
SBIN: Moodys Ratings affirms Baa3 long-term local and foreign currency bank deposit ratings of SBI. (Neutral)
Premier Polyfilm: Company will hold a meeting on October 14, 2024 to finalise the record date for the sub-division of its equity shares. T (Neutral)
M&M Fin: Overall disbursement down 1% YoY at ₹13,160 cr, Collection efficiency at 96% vs 96% (YoY). (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.)
