Stocks in News: TAXMACORAIL, NTPCGREEN, BIOCON, TORRENTPOWER, CERA, LIC, IREDA, SBILIFE

AHMEDABAD, 25 FEBRUARY

Texmaco Rail: Company signs MoU with Nevomo for high-speed rail solutions and predictive track maintenance. (Positive)

NTPC Green Energy: Company signs deal to develop 20GW renewable projects in Madhya Pradesh (Positive)

Biocon: Company’s arm Biocon Biologics launches Yesintek Biosimilar in the United States. (Positive)

Madhav Infra Projects: Company announced the partial commissioning of a 12.5 MW solar power project out of 35 MWp total for GSECL in Gujarat. (Positive)

USL/UBL: Government is considering review of duties on import of alcohol; especially Scotch from the UK. (Positive)

Shipping stocks: India plans its own shipping fleet; wants to provide assured demand for ships built in the country from state-run firms: Mint (Positive)

Bharti Airtel: Tata Play, Airtel Digital TV in merger talks as DTH industry struggles amid streaming boom (Positive)

Torrent Power: Company Incorporation of Subsidiary Torrent Green Energy Pvt. Ltd. Incorporated entity To Focus on Renewable energy, including hydrogen, ammonia, and power generation/distribution. (Positive)

CERA: Mr. Ramesh Baliga Has Been Appointed As ‘Chief Business Officer- Polymers and Emerging Business India’ W.E.F. 24th February, 2025. (Neutral)

Shelter Pharma: Company’s board meeting on Feb 24, 2025, appointed CS Aarefa Kutub Kapasi as Company Secretary and Compliance Officer, effective Feb 24, 2025 (Neutral)

Muthoot Capital: Srikanth G Menon resigned as company Secretary and Compliance Officer and Chief Compliance Officer, effective Feb 28, 2025. (Neutral)

APL Apollo: Company announced that Charu Malhotra, Chief Brand Officer, resigned from her position, effective February 24, 2025. (Neutral)

Hitech Corporation: Company has announced the acquisition of 100% of the paid-up share capital of Thriarr Polymers Private Limited. (Neutral)

Cosmo Ferrites: Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Niharika Gupta, and effective April 18, 2025 (Neutral)

Nureca Ltd: Company’s board approved a plan to purchase land in India for manufacturing, R&D, and warehousing facilities.  The total investment will be up to Rs. 30 Crores. (Neutral)

Welspun Specialty: Company has set the record date for its rights issue as March 1, 2025. (Neutral)

MPS: Board meeting on Feb 28, 2025, to consider and approve potential fund-raising proposals, including equity share issuance or other equity-linked instruments. (Neutral)

Tata Communications: Company issued and allotted ₹465 Cr Commercial Paper. (Neutral)

Ganesh Housing: NDS family trust acquired 31.33 lakh shares through off market transaction on 20th February. (Neutral)

Godrej Ind: Anamudi Real Estate LLP has acquired 23.05 lakh shares of the company through open market purchase on 20th February. (Neutral)

Steel Strips: Company announced the resignation of Sandeep Sharma, Senior Executive Director (Commercial) (Neutral)

LIC: Company gets GST, interest & penalty notice of ₹57.3 crore for FY2020-21 (Neutral)

Adani Energy: Adani Electricity Mumbai tops three separate national rankings by the Ministry of Power in performance excellence, customer service, and overall performance. (Neutral)

IREDA: Company shareholders approve raising ₹5,000 crore via QIP (Neutral)

ONGC: Board approved investing ₹1,200 Cr in ONGC Green Limited (OGL) through a rights issue. (Neutral)

LIC Housing: Board Meeting to be held on 05-Mar-2025 to consider Fund raising. (Neutral)

Akzo Nobel: India’s board approved the sale of its Powder Coatings business and R&D center for ₹2073 Cr and ₹70 Cr to promoter.  (Neutral)

UPL: UPL Global Ltd, UK, has made a further investment in Origeo Comercio de Produtos Agropecuarios S.A., a joint venture in Brazil. (Neutral)

SBI Life: Company appoints Dorababu Daparti as Deputy Chief Executive Officer of the company w.e.f. Monday, February 24. (Neutral)

Shree Cement: Company faces ₹41 crore GST demand over valuation, excess Input Tax Credit (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.)