Stocks in News: WOCKHARDT, V2RAIL, BIOCON, OPTIMUS, PROCOT, MOIL, CAPITALSFBANK, DIVISLAB, IRFC, HEROMOTO, DMART, AXISCADS

AHMEDABAD, 3 JANUARY:

Wockhardt: Indian Drug Regulator approves new generation oral antibiotic MiqnafR for the treatment of community-acquired bacterial Pneumonia. (Positive)

V2 Retail: Standalone Revenue Up 58% at ₹591 Cr Vs ₹373.8 Cr (YoY) (Positive)

NHPC: Company received Rs 250 crore as the second installment of gross payment under a mega insurance policy. (Positive)

Biocon: Company receives NMPA approval for Tacrolimus capsules in China (Positive)

Optiemus: Company partners with Germany’s LS Spectrum for drone-based spectrum solutions in India (Positive)

Procot Ind: India Ratings upgraded Company’s credit rating, from ‘IND BBB’ to ‘IND BBB+’, reflecting improved financial strength (Positive)

MOIL: Production of Manganese Ore at 4.6 Lakh Tonnes, sales Up 13% YoY at 3.88 Lakh Tonnes (Positive)

Deepak Builders: CRISIL upgraded the company’s Long term rating to BBB+/Stable from BBB-/Stable. (Positive)

Capital Small Finance Bank: Provisional Total Deposits Up 12% (YoY) On Dec-end, Provisional Gross Advances Up 19.2% (YoY) On Dec-end. (Positive)

Divi’s Laboratories: Company announces commencement of commercial operations at its Unit III Greenfield project in Kakinada, Andhra Pradesh. (Positive)

Signature/ Oberoi/ Macrotech: Mumbai real estate market sees highest property registrations in 13 years, says report (Positive)

Prataap Snacks: CCI approves the proposed combination involving acquisition of 72.8% voting share capital in Prataap Snacks Limited by Authum Investment and Ms. Mahi Madhusudan Kela (Positive)

JTL Industries: Company reports highest ever 9M sales volume at 297,082 MT, a 14.3% YoY increase (Positive)

Bank of Maharashtra: Gross advances jumped by 21.19% YoY to ₹228,652 crore. Total deposits by 13.54% YoY to ₹279,018 crore. (Positive)

IRFC: Company said it has entered into a Memorandum of Understanding (MoU) with Railway Energy Management Company Ltd (REMCL), a joint venture of the Ministry of Railways (MOR) and RITES. (Positive)

RITES: Company secured order worth of Rs 69.8 crore from Steel Authority of India Limited. (Positive)

Tirupati Tyres: Company announced the appointment of Ms. Pratiksha Soni as its new Company Secretary and Compliance Officer, effective January 2, 2025. (Neutral)

Allcargo Logistics: Company Unit Flamingo Line Del Peru SA, has been voluntarily liquidated and ceased to be a subsidiary (Neutral)

Hero MotoCorp: Company has received an additional tax demand of Rs 26.4 crore from the government (Neutral)

Zee Entertainment: Settlement applications by Zee and Punit Goenka rejected (Neutral)

DMART: Company reported Standalone Revenue from operations for the quarter at Rs 15,565.23 crores (Up 17.5 percent). (Neutral)

Varun Beverages: Company invested Rs 4128.04 Million in its Subsidiary, the beverage company proprietary Ltd, South Africa. (Neutral)

Honasa Consumer: Company announced the resignation of its Chief Business Officer, Mr. Master Zairus, and effective February 28, 2025. (Neutral)

Arihant Academy: Company opened its 22nd coaching center in Virar (West), Mumbai. (Neutral)

Pricol: Board approves divestment of wiping business division of the company to Auto Ignition on a slump sale basis (Neutral)

Hero Motocorp: Total Sales Down 17.5% At 3.24 Lk Units Vs 3.93 Lk Units (YoY) Estimates: 3.70 Lk Units (Neutral)

SSWL: India Ratings and Research affirmed SSWL’s debt instruments rating at ‘IND AA-‘ with a Stable outlook. (Neutral)

NLC India: Company announced the resignation of its Company Secretary & Compliance Officer, Shri R. Udhayashankar. (Neutral)

Axis Cades: Arun Krishnamurthi resigns as MD & CEO of Axiscades Technologies w.e.f. January 2, 2025. (Negative)

Hindustan Zinc: Mined metal output down 2% at 2.65 lakh tonne year-on-year. (Negative)

Displaying State Bank of India Press Release- SBI launches TAB-based digital NRI account on boarding journey.docx.

(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.)