Stocks in News: TEJASNETWORK, KECINTER, EMS, GRINFO, ALKEMLABS, GSPC, ZYDUSLIFE, TATACOM
AHMEDABAD, 17 MARCH:
Tejas Networks: Company gets ₹123.45 crore as incentive for FY24 under PLI Scheme for telecom & networking products. (Positive)
KEC International: Company bags orders worth Rs 1,267 crores (Positive)
EMS Ltd: Company has received an upgrade in its credit ratings by CRISIL. (Positive)
Muthoot Finance: Company announced achieving a landmark milestone of Rs. 1 Lakh Crore in Gold Loan Assets Under Management on March 13, 2025 (Positive)
G R infraprojects: Company emerges as selected bidder for national highways authority of India project worth 42.63b rupees. (Positive)
Alkem labs: Company says us FDA inspection at company’s bioequivalence center located at taloja. Company says no form 483 issued after FDA inspection at alkem’s talloja center. (Positive)
Niraj cement: Company gets order worth Rs. 2.69illion rupees. (Positive)
International Conveyors: Company has acquired La Opala RG Ltd, a glass manufacturer, on March 13, 2025. (Positive)
Aesthetik Engineers: Company received a Rs. 7 Cr solar EPC & O&M contract from Damodar Valley Corporation. (Positive)
Persistent Systems: Company has successfully completed the acquisition of identified assets of SoHo Dragon LT, UAB, Lithuania. (Positive)
Ceigall India: Company receives LOA from NHAI project cost of Rs. 9.23billion excluding GST. (Positive)
Jyoti Ltd: Company has been awarded an order for Rs. 9.90 Crores for the design, manufacture, and supply of 6 sets of pumps withhigh-torque motors (Positive)
Gujarat State Petronet: Company receives PNGRB approval for capacity expansion of Gujarat Gas Grid (Positive)
Brigade Enterprises: Company launched Ebony at BrigadeOrchards, a new residential project in Devanahalli. (Positive)
Zydus Life sciences: Company’s API unit in Ankleshwar, Gujarat clears USFDA inspection with nil observations. (Positive)
Timken India: Company to enhance capacity at Jamshedpur investment of approx. 1.20 billion rupees capacity for cup and cone for rail bearings to increase by 20%. (Positive)
CAMS: Company unit cams insurance repository services signing up agreement with LIC and deal with LIC for providing insurance repository services (Positive)
J B Chemicals: Company’s API manufacturing facility (D9) in Gujarat, India, completed a USFDA inspection from March 10-13, 2025, receiving “No Observations” (Positive)
Apollo Hospitals: Company received Rs. 742.5 Cr from Rasmeli Ltd on March 12, 2025, for Class B CCPS. (Positive)
Max Healthcare: Company updated investors on a withdrawn writ petition against the Competition Commission of India regarding its hospitals (Positive)
Tata Communications: Board appoints N Ganapathy Subramaniam as Chairman. (Positive)
Welspun Specialty Solutions: Company has been awarded a Rs. 231.78 Cr contract for supplying stainless steel boiler tubes. (Positive)
KPIT Technologies: Company and ZF are JV partners in Qorix GmbH, a company focused on automotive middleware. (Positive)
NMDC: Board of directors will meet on March 17, 2025, to consider an interim dividend for the financial year 2024-25. (Positive)
Vascon Engineers: Company is aiming for orders worth Rs 1,200 crore in FY26 on the back of a strong pipeline of new projects. (Positive)
HEG: Company targets project implementation worth Rs 3,000 to Rs 3,500 crore in both existing and new projects, including those in green energy space (Positive)
REC: Company is targeting a loan book of Rs 50,000 crore by end of 2030, says CMD Vivek Kumar Dewangan. (Positive)
Signature Global: Company is planning to invest around Rs 4,000 crore to develop two new housing projects in Gurugram as part of expansion plan.
IndusInd Bank: RBI said that Bank is well-capitalised, with a Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.20% as of December 31, 2024. (Positive)
RMC Switch: Company has received a Letter of Acceptance from the Government of Rajasthan for a Rs. 320 Crore project to install 50 MW of rooftop solar systems (Positive)
Maharashtra Seamless: Company has received an order with basic value of Rs. 298 crores approx. for supply of seamless pipes (Positive)
Solarium Green: Company has executed two MOUs with Citizen Solar Private Limited and Navitas Solar Private Limited on March 15, 2025 (Positive)
Oberoi Realty: Company announced the soft launch of Sky City Mall in Borivali East, Mumbai. (Positive)
IndusInd Bank: ICAI may review IndusInd Bank’s financial statement amid ₹2,100 cr accounting discrepancies. NSE puts IndusInd Bank under short term Additional Surveillance Measure – Stage 1 after a sharp drubbing in this week’s trade (Neutral)
Indian Bank: Board of Directors will meet on Thursday, March 20, 2025, to consider a proposal for the bank’s fund-raising plan. (Neutral)
Kirloskar Bros: Company acquired Sunsure Solarpark Nineteen Private Limited by investment in equity shares. (Neutral)
Kanpur plastipack: Company signs assets purchase agreement with SRF for Rs 49.25 crore. (Neutral)
BSE Ltd: Company announced the appointment of Shri Rajiv Bansal as a Public Interest Director (PID) on its board, effective April 1, 2025. (Neutral)
Dr. Lal Pathlabs: Company has requested the withdrawal of its credit rating for a bank facility of Rs. 104.17 Cr. (Neutral)
Dalmia Bharat: Company began commercial production of 2.4 MTPA increased cement grinding capacity in Lanka, Assam. (Neutral)
Wipro: Company announced a realignment of its Global Business Lines (GBLs) to enhance its focus on AI, cloud, and digital transformation while improving alignment with evolving client needs. (Neutral)
Kalyan Jewellers: Company entered into Rs.50 Cr loan agreement with its wholly-owned subsidiary (Neutral)
Dredging Corporation: Company announced the resignation of its Chief Financial Officer (CFO), Shri E Kiran, effective March13, 2025. (Neutral)
Can Fin Homes: Company announced changes in its senior management. A Narayanan was appointed as Chief Information Officer. (Neutral)
Wipro Ltd: Company announced the appointment of Jasjit Singh Kang as Managing Partner & Global Head – Business Process Services, effective April 1, 2025 (Neutral)
L&T Finance Ltd: Company has received a Crisil ESG rating of 68, categorized as strong. (Neutral)
IRFC: Company has scheduled a board meeting on Monday, March 17, 2025, to consider the declaration of a second interim dividend (Neutral)
Strides Pharma: Company’s subsidiary Strides Pharma Global Pte. Ltd, plans to acquire 100% stake in Amexel. (Neutral)
Shilpa Medicare: Company’s subsidiary, Shilpa Pharma Lifesciences Ltd, underwent a USFDA inspection at its Raichur unit from Mar10-14, 2025. (Neutral)
MRC Agrotech: Company’s board approved acquiring 100% of a target API company via share swap. (Neutral)
Mahindra & Mahindra Ltd: Company announced that Fifth Gear Ventures Ltd. (FGVL), a subsidiary, has ceased to be a subsidiary. (Neutral)
Infosys: Company’s McCamish data breach settles lawsuits for Rs 152.16 crore. (Neutral)
Power Grid: Company has approved an investment of ₹341.57 crore for two transmission projects (Neutral)
Jaiprakash Associates: Company assigns outstanding debt/ financial assets to National Asset Reconstruction Company (NARCL) (Neutral)
Yes Bank: Bank Announced the launch of its GST payment facility, further strengthening its digital banking offering. (Neutral)
3M India: Company appoints Nikhil Arora as Chief Financial Officer (CFO) of the company w.e.f. May 5, 2025. (Neutral)
Tata Motors: Company plans Rs. 2,000 crore fund raise through NCD issue on March 19. (Neutral)
Garware Technical Fibres: Company has incorporated a new wholly-owned subsidiary, Garware Technical Fibres UK Pvt. Ltd., in the UK. (Neutral)
Galaxy Surfactants: Company approves and declares interim dividend of Rs 18/sh (Neutral)
MTNL: Company disclosed defaults in interest & principal payments to several banks (Neutral)
NLC India: Production of its lignite production falls short of target for fiscal 2023-24 due to delays in land acquisition. (Neutral)
SAIL: Company to scale up Rourkela Steel Plant capacity to 9 MT by 2030 at ₹30,000 cr investment (Neutral)
Ucal Ltd: Company board approved investment in Kandan Solar Power India Pvt Ltd for solar energy consumption. (Neutral)
TCS: Company has appointed Sudeep Kunnumal as the Chief Human Resources Officer (CHRO) Designate, effective March 14, 2025 (Neutral)
HPCL: Company appoints Vikas Kaushal as CMD. (Neutral)
Dr. Reddy’s: Company Issues Nationwide Recall Of Levetiracetam In 0.75% Sodium Chloride Injection 1,000 Mg/100 Ml, In The U.S., Due To Mislabeling Of Infusion Bag (Neutral)
Sterling Tools Ltd: Company announced the resignation of its Company Secretary, Mr. Abhishek Chawla, effective March 13, 2025. (Neutral)
Voltas: Company appoints KV Sridhar as CFO of the company w.e.f. April 1, 2025. (Neutral)
Gensol Engineering: Company Board Approves 1:10 Stock Split, Rs 600-Crore Fund Raise Plans Gensol Engineering Ltd. (Neutral)
Pidilite Industries: Company announced that Ravishankar Chandrasekaran, Chief Business Officer – Large User Business, resigned from his position (Neutral)
Tata Tech: Investment decision for US may be delayed due to lack of clarity over tariffs (Neutral)
Dr. Agarwal’s Health Care: Company received demand notices & penalties from the Income Tax Department for assessment years2020-21, 2021-22, and 2023-24, totaling Rs. 33.84 Cr. (Negative)
Shiva Texyarn Ltd: Company received an income tax assessment order for FY24. The tax demand is Rs. 42.89 Cr. (Negative)
Ujaas Energy: Company received a show cause notice from the GST department for the period April 2021 to March 2022 and April 2022to March 2023, demanding Rs. 51.19 Cr. (Negative)
Kotyark industries: Company announces cancellation of OMC tender cancellation expected to affect revenue (Negative)
Ola Electric: Company sued by vehicle registration agency Rosmerta over payment default (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.)
