haha
19 June , 2024
- Axis Bank plans to acquire an additional stake worth ₹336 crore in Max Life Insurance.
- IMD predicts a below-normal monsoon in June, leading to a decline in FMCG stocks.
- Tata Motors’ Jaguar Land Rover collaborates with Chery Automotive to develop new electric vehicles for the Chinese market.
- Zomato is in talks to acquire Paytm’s ticketing business, prompting interest from brokerages.
- Tata Motors announces a price hike of up to 2% for commercial vehicles from July 1, 2024.
- Hero MotoCorp, BHEL, and NHPC are among seven stocks potentially being upgraded to large-cap status.
- Defence stocks like BDL and HAL witness a decline due to profit booking.
- Bharti Airtel acquires an additional 1% stake in Indus Towers via a block deal.
- Bank Nifty hits a record high driven by Indusind Bank’s performance in the stock market.
- Larsen & Toubro secures new orders worth approximately ₹7,500 crore.
- Kotak Mahindra Bank’s subsidiary Kotak General ceases to be wholly-owned.
- Nifty Bank surpasses its previous record high of 51,133, with gains seen in BOB and Federal Bank stocks.
10 June , 2024
- Kaynes Technology, Zomato, and Birlasoft see mixed brokerage views; Birlasoft up 128%, Kaynes up 101%.
- Kotak Mahindra Bank receives most brokerage rating upgrades, stock up 0.11%.
- Benchmark indices open positively; Nifty above 23,300.
- Big movers: HDFC AMC and Wipro rise 100% and 154% respectively.
- Bullish setup for Nifty expected, targets at 23,560 and 23,890.
- Vaishali Parekh recommends buying GRASIM (up 2.78%) and HCL Tech (up 1.54%).
- Granules and Tata Motors recommended as attractive buys.
- Technical breakout stocks: Raymond and Avanti Feeds show strong potential; Avanti Feeds up 245%.
- Top stock recommendations by Dharmesh Shah include Axis Bank up 140%.
- Market cap of top 8 valued firms increases by ₹3.28 lakh crore.
- Day trading picks: Bank of Baroda up 190%, HCL Tech up 165%.
- IRFC stock prompts investors to consider booking profits.
- Ex-dividend stocks next week include Adani Enterprises and Asian Paints.
- Bajaj Auto expands electric scooter lineup with new Chetak model.
- Block deals total over ₹7,640 crore this week; notable stocks include Adani Ports and HDFC Bank.
5 June , 2024
- SJVN’s 900 MW project in Nepal to start power generation from 2025: CMD
SJVN -13.94% (Hindustan Times, 9 hours ago) - NCLT rejects JAL’s claim of liquidity crunch due to delay in govt approvals, litigations
Jaiprakash Asso -9.80% (Moneycontrol, 10 hours ago) - Tata Motors board okays to set up TML Commercial Vehicles as a new wholly-owned unit
Tata Motors -4.90% (Hindustan Times, 10 hours ago) - Special fixed deposit schemes: Which one is best for you?
IDBI Bank -14.51% (Business Standard, 11 hours ago) - RIL registers sub-lease deed for land to develop global economic hub
Reliance Industries -7.49% (Business Standard, 12 hours ago) - Shilpa Biologicals files first Drug Master File of recombinant Human Albumin 20% with USFDA
Shilpa Medicare -6.71% (The Times of India, 12 hours ago) - After NR Narayana Murthy, Kotak’s Nilesh Shah proposes 84-hour workweek
Kotak Mahindra Bank -4.66% (Financial Express, 12 hours ago) - Mahindra SUV discounts in June 2024: XUV700 gets up to Rs 1.5 lakh off
Mahindra & Mahindra -2.32% (The Hindu, 12 hours ago) - Ashwin rejoins India Cements, set to play a big role in Superking Ventures
India Cements -14.35% (Hindustan Times, 12 hours ago) - Maruti Suzuki has over 2.25 lakh pending orders in May, new Swift drives growth
Maruti Suzuki -2.41% (CNBC TV18, 12 hours ago) - IAF’s Sukhoi fighter jet crashes in Nashik; pilot and co-pilot eject safely
HAL -17.83% (The Hindu, 13 hours ago) - We have regained top spot in MHCV bus segment: ALL
Ashok Leyland -12.16% (The Economic Times, 13 hours ago) - Aurigene Pharmaceutical launches new biologics facility for developing pre-clinical requisites at Hyderabad
Dr Reddy’s Labs -0.91% (The Times of India, 14 hours ago) - Maruti Suzuki Swift garners more than 40,000 bookings, CNG model in pipeline: Details
Maruti Suzuki -2.41% (Moneycontrol, 14 hours ago) - Rural recovery keeps consumer companies bullish on volume growth, but HUL differs: Jefferies
Marico +3.44% (Financial Express, 14 hours ago) - Top 6 SUVs: Politicians’ most preferred choice of wheels
Mahindra & Mahindra -2.32% (Moneycontrol, 14 hours ago) - Buy JSW Steel; target of Rs 1070: Motilal Oswal
MO Financial -12.52% (Business Standard, 14 hours ago) - Supreme Industries reports fire accident at its Sriperumbudur plant
Supreme Industries -5.01% (Financial Express, 15 hours ago) - Fevicol rolls out its ‘Jugalbandi’ campaign
Pidilite Industries +2.60% (Moneycontrol, 15 hours ago) - Market fall a short-term disappointment, stable govt key to recovery, says Feroze Azeez of Anand Rathi
Anand Rathi Wealth -6.32% (CNBC TV18, 16 hours ago) - India’s growth story is intact, broad-based growth continues.
31 May , 2024
- Vedanta Resources posts 2nd highest ever consolidated EBITDA in FY25 (VEDLA 209).
- Maruti Suzuki ties up with DBS Bank for dealer inventory funding (MARUTI 150%).
- Benchmark indices slip from day’s high, while these 3 stocks hit a 52-week high: JBL 12.13%, ADANIPOWER 822%.
- Adani Group stocks surge on conglomerate’s FY24 net profit rising 55% YoY (ADAN ENT 6.80%).
- Top Gainers and Losers today on 31 May, 2024: ADAN ENTA 80%, ADANIPORTS ▲ 3.90%.
- Outgoing Wipro CEO Delaporte’s $4.33-million severance package approved despite shareholders’ objections (WIPRO -0.29%).
- Adani Green Energy: Snowcap Advisors raises red flag on EBITDA (ADAN GREEN A 1.78%).
- Heatwave, elections, weak marriage season may dampen auto sales in May (BAJA AUTO A 130%, MAMA 05%).
- Adani Group stocks soar up to 13% on higher volumes (ADAN ENSOLA 2.11%, ADANIENT A 6.80%).
- Tata Steel share price: 3 Key reasons why Jefferies expects 19% upside (TATASTEEL A 1.56%).
- Domestic PV sales set to exceed 5 million-mark; Tata Motors geared up (TATAMOTORS 010%).
- High dividend yield stocks: Vedanta to Oil India, 5 stocks with attractive dividend and high return in 2024 (VEDL 2.09%, OFSS 0.59%).
- Adani Group stocks surge up to 6%, add nearly ₹60,000 crore in market cap (ADANIENTA 680%, ADANIPORTS 3.00%).
- Why Tata Steel Shares Are Upbeat Even As Brokerages Remain Cautious (TATASTEEL A 1.86%).
- JSW Steel ventures into zinc-magnesium-aluminium alloy-coated steel products with JSW Magsure, stock trades in green (JSWSTEEL 0.98%).
29 May , 2024
- Tata Steel Q4 Results: Tata Group company to post earnings today (TATASTEEL 0.37%).
- SENSEX and NIFTY opened in red, dragged down by banking and auto stocks (HINDALCO A 129%, BHARTIARTLA 007%).
- Q4 results today: Tata Steel, Mazagon Dock, Bata India, and others to post earnings (MAZDOCK A 2.00%, TATASTEEL 0.37%).
- Low stock price, high returns: IFCI to NHPC have gained up to 100% in 2024 (NHPC 0.19%, MAHABANK 0.20%).
- NIFTY closed in red amid a range-bound volatile session; India Vix jumps 4.3% to 24 (DIVISLAB A 0.36%, ADANIPORTS 000%).
- RVNL emerges as the lowest bidder for a 272.7-crore project of North Central Railway (RVNL 0255).
- Mid-market update: Benchmark indices off day’s high; Bank Nifty in red (DIVISLAB A 18%, HDFCLIFE 170%).
- ITC Consolidated March 2024 net sales at Rs 19,446.49 crore (ITC 0.22%).
- Poonawalla Fincorp launches co-branded credit card with IndusInd Bank (INDUSINDBK 0.09%, POONAWALLA A 1.1195).
- IIT-B and TCS partner to build India’s first quantum diamond microchip imager (TCS 0.02%).
- Adani Enterprises gets board nod to raise Rs 21,660 crore via QIP (ADANIENT & 0.30%).
- Vedanta share price climbs as it is said to be weighing stake sale (VEDL 049%).
- Wipro partners with the Centre for Brain Research at IISc (WIPRO 073%).
- Ashok Leyland Consolidated March 2024 net sales at Rs 13,577.58 crore (ASHOKLEY 1.32%).
- Hindustan Copper Consolidated March 2024 net sales at Rs 565.37 crore (HINDCOPPER A 062%).
22 May , 2024
- Hot Stocks: Brokerages’ Views:
- JB Pharma
- BHEL
- Hitachi Energy
- HCL Tech
2. Nifty & Sensex Performance:
- Nifty and Sensex opened 0.2% higher.
- Reliance and Coal India were the top gainers.
3.Market Opening:
- Benchmark indices opened flat.
- Nifty was near 22,600 points.
- 4.Apollo Tyres:
- 3.5% equity change hands in a block deal.
- Set to launch a ₹21,000 crore block deal.
- 5.Bharat Electronics Limited (BEL):
- Hit a 52-week high on stellar FY24 results.
- Declared 80% dividend.
6.Market Cap Increase:
- BSE-listed firms added $1 trillion in six months.
7.Tata Steel:
- Shares surged 4% after a deal with National Grid Plc for green steelmaking.
8.CDSL Financials:
- Consolidated March 2024 net sales at ₹240.78 crore.
9.Vodafone Idea:
- Approved ₹2,075 crore preferential allotment to Aditya Birla Group.
17 May , 2024
- Glenmark Pharmaceuticals gets USFDA approval for its drug to treat glaucoma (Glenmark Pharma +0.72%) .
- Berger Paints: Limited upside expected (Asian Paints -0.51%) .
- Vedanta stock gains as board approves Rs 8,500-crore fundraise; declares dividend (Vedanta +1.20%) .
- BEML gains over 5% after company bags order worth 250 crore for dump trucks contract (BEML +8.29%) .
- Agri Picks Report May 17, 2024: Geojit Financial Services (Geojit Financial -0.46%) .
- M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trillion mark (Mahindra & Mahindra +6.11%) .
- Glenmark gets USFDA nod for generic ophthalmic solution (Glenmark Pharma +1.23%) .
- Stock in focus: Rajesh Palviya of Axis Securities recommends Bharat Electronics, Ashok Leyland, and others (Ashok Leyland +0.94%) .
- Orient Electric Standalone March 2024 Net Sales at Rs 787.66 crore, up 19.72% Y-o-Y (Orient Electric +3.45%) .
- Subex Standalone March 2024 Net Sales at Rs 65.04 crore, up 31.45% Y-o-Y (Subex -0.17%) .
- ABB India Standalone March 2024 Net Sales at Rs 3,080.36 crore, up 27.75% Y-o-Y (ABB India +0.24%) .
- Sat Industries Standalone March 2024 Net Sales at Rs 1.64 crore, down 94.77% Y-o-Y (Sat Industries +0.32%) .
- Dynavision Standalone March 2024 Net Sales at Rs 2.19 crore, up 13.24% Y-o-Y (Dynavision +0.00%) .
- Syrma SGS Standalone March 2024 Net Sales at Rs 727.29 crore, up 69.17% Y-o-Y (Syrma SGS Technology -0.13%) .
- VIP Industries Standalone March 2024 Net Sales at Rs 514.64 crore, up 17% Y-o-Y (VIP Industries +1.32%) .
- Shanthi Gears Standalone March 2024 Net Sales at Rs 153.64 crore, up 24.51% Y-o-Y (Shanthi Gears +0.19%) .
- Biocon shares may rally another 18% as company sees a stronger second half of FY25 (Biocon +1.06%) .
- Bajaj Consumer Standalone March 2024 Net Sales at Rs 235.91 crore, down 3.52% Y-o-Y (Bajaj Auto -0.58%) .
- Jaykay Enterprises Standalone March 2024 Net Sales at Rs 1.00 crore, up 237.24% Y-o-Y (Jaykay Enterprises -0.96%) .
- Fine Organics Standalone March 2024 Net Sales at Rs 521.52 crore, down 25.35% Y-o-Y (Fine Organic Industries +0.22%) .
- Mahindra & Mahindra Financial Services Share Price Live blog for 17 May 2024 (Mahindra Financial -0.54%) .
- Lack of AI is reducing India’s software stocks’ heft as tech bets.
14 May , 2024
- HDFC Bank launches its first virtual credit card with Visa.
- HDFC Bank’s new credit card offers customers to decide their billing cycle.
- MSCI Index Rejig: NHPC, Indus Tower May See Inflows Of ₹3,289 Cr.
- Buy Bank of Baroda; target of Rs 290: Prabhudas Lilladher.
- Buy Tata Power; target of Rs 490: ICICI Securities.
- SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside.
- Zomato to surrender RBI licence to operate as online payment aggregator.
- Canara Bank vs Union Bank: Which low PE PSU stock to buy today? Explained.
- TCS to set 1st-of-its-kind human-centric AI center of excellence in France.
- Paytm, Canara Bank among 26 stocks in focus ahead of MSCI rejig on May 15.
- Metal sector: ICICI Securities upgrades Tata Steel, JSW Steel to ‘Buy’.
- RVNL gains over 6% after company bags order from Southern Railway.
- Zomato shares fall 6% on ESOP headache but target prices rise up to Rs 280.
- Nvidia rivals gold as shield against inflation, survey shows.
- Zomato Shares Continue Slump After Q4: Why Brokerages Remain Bullish.
10 May , 2024
- Kalyan Jewellers, Sky Gold, and 2 other jewelry stocks turn multibagger.
- Stock split likely to be announced on May 24 for Rushil Decor Ltd.
- Check out which companies are releasing their Q4 results today.
- Tata Motors Q4 results preview.
- Abbott India posts strong Q4 print, shares gain.
- Brokerages on Escorts & SBI; CLSA downgrades Sula.
- Stocks in news: Tata Motors, BoB, Cipla, BPCL, Manappuram Finance.
- Tata Motors Q4 Results LIVE: Carmaker to declare earnings today.
- BPCL, HPCL shares jump up to 5% post-Q4 earnings, should you buy.
- SBI Shares Upbeat As Brokerages Raise Price Target.
- Asian Paints’ net profit up 1.34% in Q4 FY24.
- Analysts see 3% upside potential in Hero Motocorp, TCS, HUL, Britannia.
- Solar stocks outshine with up to 1,318% return in 1 year.
- Ajmera Realty’s net profit up 90.40% in Q4 FY24.
- Home First Finance eyes $75 million fundraise from US DFC.
- Eicher Motors Q4 Results LIVE Updates: Royal Enfield maker to post…
- SBI share price can go up to ₹1,000, say analysts post Q4 results.
- BPCL announces 1:1 bonus issue, board recommends a final dividend.
- Benchmark indices open on a flat note today; Nifty near 22,000.
- Buy or sell: Vaishali Parekh recommends stocks to buy today.
- Key stocks to watch: BPCL, Relaxo Footwears, Shyam Metallics & more.
- Q4 results today: Tata Motors, BoB, Cipla, Eicher Motors.
- HFT Scan: Which stocks are in focus? BTML, FRANKLININD.
9 May , 2024
- BPCL shares down 1% after Q4 results announcement.
- Aureus Tech Systems sees stake acquisition.
- Vaishali Parekh recommends stocks for May 9, 2024, including Birlasoft and L&T Infotech.
- Asian Paints to declare Q4 earnings.
- DLF’s Privana West project in Gurugram sells out for ₹5,590 crore.
- GM Breweries shares to trade ex-dividend on May 9, 2024.
- Diagnostics chains at inflexion point, according to Emkay.
- Analysts cut L&T share price targets.
- Infosys is Jefferies’ only IT pick for growth visibility and valuations.
- SBI to post Q4 earnings on May 9, along with HPCL and BPCL.
- Siddhartha Mohanty appointed as Director in L&T; to take charge.
- Madhusudan Kela’s portfolio stock sees promoter stake increase.
- Tata Power plans to increase FY25 capex to Rs 20,000 crore.
8 May , 2024
- L&T to announce Q4 results today.
- CarTrade IPO outperforms in market volatility.
- Vaishali Parekh recommends stocks to buy: HAPPSTMNDS and ITC.
- AstraZeneca to withdraw sales of Covid-19 vaccine globally.
- Laurus Labs shares to trade ex-dividend today.
- PFC seeks legal view on Shapoorji Pallonji promoters’ Rs 15,000 crore loan.
- Stocks to watch: Dr. Reddys, JSW Energy, PB Fintech, Dixon Tec.
- Q4 results today: L&T, Hero MotoCorp, Tata Power, and others.
- Pidilite Industries declares dividend of 16 per share, misses Q4 profit.
- United Breweries Q4 net profit jumps 8-fold to Rs 81.55 crore.
- CreditAccess Grameen Q4 net profit soars 34% YoY to Rs 397.
- JSW Energy’s board approves raising Rs 10,000 crore amid expansion plans.
- Penny Stocks likely to be in focus tomorrow: HINDMOTORS and RTNPOWER.
- Voltas Q4 results: Air conditioner major declares dividend of ₹5.50.
- Graphite India Q4 results: Net profit drops nearly 45% YoY.
07 May , 2024
- Promoter purchased 10,00,04,240 shares of Ujaas Energy Limited (UEL) with a 4.87% stake.
- Marneycontrol announced a 10% stake in Gujarat Gas Limited (GUJGASLTD), whose Q4 net profit surged by 11% to Rs 409 crore and appointed a new CFO.
- Upetox reported one day of activity.
- Marico reported a 5% jump in consolidated Q4 net profit, with margins improving to 19.4% (MARICO A).
- HPCL plans to consider a bonus share issue on Thursday (HINDPETRO).
- Penny Stocks To Watch: FCONSUMER rose by 500%, and KAVVERITEL increased by 4.91%.
- Technical Breakout Stocks: GODREJPROPA surged by 1063%, while RAINBOW & soared by 733%.
- GHCL declared a dividend of 12%, despite a 50% slide in net profit in Q4 (GHCL).
- ICICI Bank enabled UPI payments in India for NRI customers (ICICIBANK A).
- HPCL will issue free shares after seven years, with the stock up 100% in a year (HINDPETRO).
- SIS soared by 322% due to a stock split announcement.
- Gujarat Fluorochemicals saw a 70% decline in Q4 net profit, with a 23% revenue slip (FLUOROCHEM A).
- Only buyers were seen in AMBOAGRIA and ESSARSHPNG on May 06.
- Wipro partnered with Microsoft to launch GenAI-backed assistants (WIPRO).
03 May , 2024
- KKR, Novo Nordisk, and others bid for Healthium buy. MANKIND up by 0.12%.
- Tata Motors Anand Rathi recommendation. BEL up by 0.58%, HCLTECH up by 0.26%.
- Tata Tech Q4 Results LIVE: Product engineering firm to declare earnings. TATATECH A up by 0.36%.
- Adani Enterprises Q4 Results Highlights: Net profit falls 39% to ₹… ADANIENT up by 0.64%.
- Q4 results today: Tata Tech, Titan, Britannia, MRF, and others to post earnings. TATATECH up by 0.43%, TITANA up by 0.61%.
- Carlyle Group likely to sell 2% stake worth Rs 1,500 crore in Yes Bank. YESBANK up by 0.59%.
- JNK India to Bharti Hexacom: These new listings in April have given up. BHARTIHEXA down by 0.45%, IDEA up by 114%.
- Blue Star reports 35% YoY growth in Q4 operating profit; declares dividend. BLUESTARCO down by 1.65%.
- GE T&D India shares extend gains for third straight day on securing… GET&D up by 2.78%.
- Trade Setup for May 3: Will heavyweight banks keep the Nifty. AXISBANK up by 0.78%, ICICIBANK A up by 1.31%.
- Bayer acquires remaining 25% stake in Bayer Zydus Pharma. ZYDUSLIFE up by 0.44%.
- Coal India Q4 net profit rises 26% to ₹8,640 crore. COALINDIA up by 0.39%.
- Steel Strips Wheel reports 6.6% rise in April net turnover at ₹338 crore. SSWL up by 0.72%.
02 May , 2024
- Sona Blw Precision Forgings Q4 Results: Profit rises by 24.09% YOY. SONACOMS up by 1.38%.
- Exide Industries Q4 Results: Profit rises by 2.56% YOY. EXIDEIND up by 0.86%.
- Kfin Technologies Q4 Results: Profit rises by 30.61% YOY. KFINTECH up by 6.03%.
- Indian Oil Corporation Q4 Results: Profit falls by 49.96% YOY. IOCA up by 1.18%.
- Indus Towers optimistic about Vodafone Idea clearing outstanding. INDUSTOWER up by 0.78%, IDEA up by 0.38%.
- Canfin Homes Q4 Results: Profit rises by 26.08% YOY. CANFINHOME up by 2.67%.
- Adani Enterprises Q4 Results LIVE: Shares trade higher ahead of results. ADANIENT up by 1.16%.
- Tata Chemicals Q4 Results: Loss at ₹850Cr. TATACHEM up by 0.64%.
- Lenders seek RBI clearance to sell Jaiprakash Associates loan to SBIN. SBIN up by 0.57%.
- Emudhra Q4 Results: Profit rises by 32.63% YOY. EMUDHRA up by 0.36%.
- Nuvoco Vistas Corporation Q4 Results: Profit falls by 50.09% YOY. NUVOCO down by 115%.
- Havells India Q4 Results: Profit rises by 24.76% YOY. HAVELLS up by 0.87%.
- Adani Wilmar shares down over 1% as FMCG firm releases Q4 results; AWL down by 1.41%.
- Star Health & Allied Insurance Q4 Results: Profit rises by 39.84% Y/Y. STARHEALTH up by 1.36%.
- Benchmark indices open on a flat note today; Nifty near 22,650. CHOLAFINA up by 3.88%, HINDPETRO A up by 5.03%.
26 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
To proceed with £1.25 billion furnace project in Port Talbot
Orders 30 Airbus A350-900 wide-body aircraft worth $5 billion
Posts Rs 273 crore net profit in Q4 FY’24
Gets Coal Ministry’s nod for Rs 2,242.90 crore Pachwara South coal block project
Plans to acquire PureSoftware Tech for $94 million
Reports profit rise of 15% in Q4
Obtains JPY 60.5 billion green loan from Italy’s SACE
Net profit drops 41% to Rs 664.2 crore, declares dividend of Rs 28 per share
Q4 Net profit drops 27.3% to Rs 2,275 crore
Q4 Net profit rises 301%, board recommends annual dividend of Rs 7.50
25 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Faces RBI restriction on issue of fresh credit cards
Q4 net profit drops 47% to Rs 320 crore
Q4 Profit falls 13% to Rs 371 crore
Q4 Profit up 29% to Rs 438 crore
Announces dividend of Rs 24
Q4 Profits at Rs 7,130 combined with asset quality improvement
Gives green signal for Rs 1,869 crore loan towards Kiru hydro project in J&K
Sees partial exit by Canadian pension fund CPPIB with $110-mn block deal
Wins Rs 611 crore order in Latin America
24 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Q4 loss rises by 1352.44% YOY
Q4 Net profit falls 4.6% to Rs. 197 crore, declares dividend of Rs. 70 per share
Q4 Net profit drops 22% to Rs. 267 crore, declares dividend of Rs. 7.75 per share
Profit after tax rises 93% in FY24
Inks 85 MW Maharashtra PPA for hybrid project with Juniper Green Energy
Gets fresh work orders of Rs 23,500 crore in fiscal 2023-24
Uncovers Rs.150 crore loan fraud, delays FY-24 results to May 30
To invest in National High Power Testing Laboratory, acquiring 50% ownership
Societe Generale acquires Rs 219 crore stake in Bandhan Bank
Q4 Net Profit dips 26% to Rs 174 crore
22 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Raises platform charges for customers by 25%
Q4 FY24 profits slump 21.1% YOY
Reliance Industrial Infrastructure
Q4 FY24 profit drops by 68.01% YOY
Issues 1.28 billion shares to CA Basque via preferential allotment
To acquire a 1.1 mtpa grinding unit from India Cements for Rs 315 crore
Greenlights a Rs 60,000 crore debt fundraise
Opens a new assembly plant in Nepal
Subsidiary JSW Neo Energy wins 700 MW solar project from NTPC; capacity now 13.3 GW
19 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Will raise Rs 16,500 cr through external commercial borrowings for business expansion.
Reported a net profit growth of 14% (to Rs 412 cr) for Jan-March quarter.
Signed a deal with South Indian Bank for dealer financing.
Will merge its Sri Lanka operations with Dialog Axiata, a Sri Lanka-based telecom company.
Reported a net profit of Rs 321.20 cr for Jan-March quarter.
Partnered with Brazil-based Biomm SA to commercialize its diabetes drug in Latin America.
Announced a dividend of Rs 80 per share.
Announced a final dividend of Rs 20 per share and a special dividend of Rs 8 per share, with record date set on 31 May 2024.
Signed a deal with USA’s largest electric passenger vehicle maker for the supply of power train components.
12 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Tata Motors’ Q4 sees an 81% surge in Jaguar Land Rover’s retail sales
L&T, RIL to invest Rs. 1 lakh crore in Kandla Port for green energy
Paytm’s UPI market share hits 4-year low at 9% in March
1,500 Tata Steel UK plant workers vote for strike
Varun Beverages to make investments in two renewable energy firms
Larsen & Toubro sells its stake in L&T Infrastructure Development Projects
Jindal, Tata Steel, SAIL together fetch Rs. 1,586-cr Railways order
Utkarsh Small Finance Bank settles LODR violation, pays Rs. 1.24 cr to SEBI
Adani Green’s Khavda plant is world’s largest, 5 times the size of Paris
10 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
IndusInd Bank, Invesco form mutual fund partnership
Dixon to acquire majority stake in Ismartu India
Maruti Suzuki boosts Manesar plant capacity by 100,000 units/year
Shyam Metalics to inject ₹650-750 crore in stainless steel venture
PB Fintech establishes wholly-owned subsidiary PB Pay
Class action suit alleges fund mismanagement by Jindal Poly Films, citing Rs. 2,000 crore losses
Adani Green discusses raising $400 million offshore loan
USFDA issues warning letter to Natco Pharma’s Telangana plant
USFDA approves Strides Pharma’s antidepressant medication
JTL Industries broadens portfolio with Nabha Steels acquisition
09 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Prestige Group reports record sales exceeding Rs. 21,040 crore in FY24
NTPC plans to increase 5 GW power capacity in FY25
Adani Gas unit partners with MG Motor India for installation of charging stations
Sula Vineyards sees double-digit revenue growth; acquires N D Wines
Gland Pharma’s breast cancer drug gains U.S. FDA approval
Bain Capital plans $430M stake sale in Axis Bank
Dilip Buildcon secures ₹1,092.46 crore order from Haryana Railways
Voltas achieves record AC sales in India
08 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Vodafone Idea assigns Rs. 2,075 cr shares to group entity
Tata Power’s TPSL plans 200 MW solar addition for Rajasthan grid by 2024
L&T’s defense division to expand into civil projects for asset optimization
Tata Steel India’s sales up 6% to 20 million tonnes in FY24; production increases by 4%
Adani Green plans Rs. 1.5 lakh cr investment in world’s largest renewable energy project
Titan’s Q4 revenue up 17% YoY, adds 86 stores
India’s Embassy REIT to raise Rs. 2,500 crore for acquisitions, debt cut
Cochin Shipyard inks repair deal with US Navy
JSW Energy secures Rs. 5,000 crore via share sale to investors
ICICI Bank grants Rs 2,675 crore debt facility to Tata Steel
05 April, 2024
Greetings Investors!
Here are the stocks in news for today morning.
Income tax department issues Rs. 605 crore demand notice to Hero MotoCorp
Vedanta plans to raise Rs 2,500 crore through non-convertible debentures
Vodafone Idea’s board to weigh issuing ₹2,075 crore equity to promoters
HDFC Bank’s Q4 results: advances up 55%, deposits rise 26%
Capital Group offloads Aavas Financiers shares for Rs 143 crore
Prestige Group acquires Rs 450-crore land in Bengaluru
Avenue Supermarts’ sees 20% rise in revenue to Rs 12,393.46 crore in Q4
Bandhan Bank’s advances increase by 17.8%
IndusInd Bank sees 18% loan growth in Q4
Rashi Peripherals secures Rs 1,510 crore order from Hiranandani Group firm
04 April, 2024
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Vodafone Idea shareholders greenlight Rs. 20,000 crore fundraising plans
Vedanta increases alumina refining capacity to 3.5 mtpa
Aster DM Healthcare finalizes split of India, Gulf businesses
PFC disburses Rs 2,033 crore interim dividend to government
Gensol Engineering sees 141% YoY revenue growth in FY24
Tata Steel submits writ petition seeking loan waiver from Steel Development Fund
GE Power secures 2 orders worth Rs 775 crore from Jaiprakash Power Venture
Union Bank raises $500 million from international market
Indian Oil in discussion with state nuclear firm for small reactors
Ramco Cements boosts Odisha grinding unit capacity to 1.8 MTPA
03 April, 2024
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UltraTech plans expansion via Rs. 32,400 crore capex over 3 years
Zomato faces Rs. 184 crore service tax demand & penalty order; likely to appeal
BMW Group and Tata Tech to establish JV for automotive software hub in India
United Spirits faces Rs 5.51 crore tax demand
Vedanta receives GST demand notices totalling Rs 1.86 crore
JSW Energy plans to raise $600 million through QIPs
Anupam Rasayan signs Rs 743 crore deal with Japanese multinational
SJVN partners with IIT-Patna to develop advanced geological model for tunneling projects
HCLTech subsidiary to sell entire 49% stake in JV with State Street International Holdings
Vodafone Idea holds EGM to seek shareholders’ approval for raising Rs 20,000 crore
01 April, 2024
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Zomato faces Rs. 23.26 crore GST demand for 2018-19
IT department to refund Infosys Rs. 6,329 crore in taxes
RIL acquires 26% stake in Adani Power’s MP project
HDFC Bank plans to sell HDFC Education subsidiary
JSW Steel launches 5 million tonne hot strip mill in Karnataka
Bank of India faces tax demand order of Rs 1,128 crore
Indian Oil and Panasonic Energy sign deal for manufacturing lithium-ion cells in India
Chhattisgarh Govt issues Ultratech Cement Rs 21.13 crore demand order
Ramesh Damani steps down as Chairman of Avenue Supermarts
27 March, 2024
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Standard Chartered set to divest 7.18% stake in CDSL
GAIL to launch India’s inaugural green hydrogen project in April
Beige plans to sell 2.9% stake in Mankind Pharma via block deals
Bank of Baroda secures co-branding rights for three Delhi Metro stations
Apollo Pipes invests Rs. 118.40 crore for 53.57% ownership stake and voting rights in Kisan Mouldings
Piramal Enterprises infuses Rs. 2,000 crore investment in its subsidiary Piramal Capital and Housing Finance
SEBI sends cautionary notice to ICICI Securities for its merchant banking operations
Hinduja Global Solutions sells optical fibre assets to IMCL Solutions for Rs. 208 crore
26 March, 2024
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Tech Mahindra planning to merge two US-based subsidiaries
Karnataka Bank aims to secure ₹600 crore via QIP
Adani Ports to acquire majority stake in Shapoorji Pallonji’s Gopalpur Port for about ₹1,349 crore
JSW Energy subsidiary to buy 45 MW wind project from Reliance Power for Rs 132 crore
Hindustan Zinc faces Rs. 91 crore GST claim, plans legal action
Mahindra Lifespace to inject Rs 6,000 crore into residential sector by FY28
Airtel plans tariff increase after LS election
Welspun Corp secures Rs 2039 crore orders in India and US
KEC International secures Rs. 1004 crore in new orders spanning its business verticals
22 March, 2024
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DoT fines Airtel Rs 4 lakh for verification breach
TCS secures multi-million deal with Denmark’s Ramboll
M&M and Adani Total Gas partner for nationwide EV charging infrastructure
Patanjali’s Acharya Balkrishna tenders unconditional apology in Supreme Court
Bharat Dynamics declares 2:1 stock split, Rs 8.85/share interim dividend
Gensol Engineering completes 10.6 MW rooftop solar project in Madhya Pradesh
Schneider Electric plans Rs 3,200 crore investment in Indian manufacturing hub
Minority shareholders sue Jindal Poly Films promoters
Jindal Steel & Power assumes operations at Venezuela’s main iron-ore mill
Income Tax department fines Tata Chemicals Rs 103.63 crore
21 March, 2024
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L&T purchases 1.20 crore units of National Highways Infra Trust for Rs 149 crore
Grasim secures Rs 1,250 crore from IFC
Wockhardt Ltd. plans to raise up to Rs 570 crore via qualified institutional placement (QIP)
JSW & MG Motor India plan investment of Rs 5,000 cr for second plant at Halol
Jio Financial Services injects Rs 40 cr into leasing arm JLSL
PB Fintech, parent of PolicyBazaar, to create payment aggregator arm
Jupiter Wagons greenlights acquisition, 94.25% stake in Bonatrans India for Rs 271 crore
CreditAccess Grameen faces Rs 46.03 crore tax demand for AY 2022-23 from IT Department
BPCL enters 4-month oil purchase agreement with BP in the US
Ramky Infra bags Rs 216.65 crore contracts for Kodungaiyur dumping ground reclamation in Chennai.
20 March, 2024
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Tata Motors inaugurates fifth vehicle scrapping facility
BHEL secures 1,600 MW thermal project order from NTPC
Manappuram Finance plans to raise Rs 6,000 crore through NCDs in FY25
Zomato introduces pure veg mode and fleet
UltraTech Cement receives CCI approval for Kesoram Cement acquisition
Inox Green Energy services subsidiary wins Rs 40 crore wind turbine generator restoration contract
Alpex Solar secures Rs 44 crore orders in Haryana
SBI Cards declares Rs 2.5/share interim dividend, sets record date
ICICI Prudential MF acquires stake in Star Health Insurance
18 March, 2024
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Zomato faces Rs. 8.6 crore GST penalty notice from Gujarat tax department
REC subsidiary partners with BHEL for renewable projects
Government greenlights 16% wage increase for LIC staff
SJVN Green Energy awarded 200 MW solar project in Khavda
TCS seals multi-million-dollar agreement with Nuuday for cloud transformation
Adani Group plans Rs 1.2 lakh crore investment in 2024-25
RVNL secures Pune Metro Rail project worth Rs. 339 crore
BSE and NSE approve Aditya Birla Fashion’s merger with TCNS Clothing
Navin Fluorine International to invest Rs. 250 crore more in NFASL
15 March, 2024
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Biocon Biologics to offload branded formulations business to Eris Lifesciences for Rs. 1,242 cr.
Godrej Properties acquires Hyderabad land for Rs 1,300 cr housing project
ACC secures Lamatola coking coal block in MP auction
Ambuja Cements divests 2% stake in Sanghi Industries
TCS seals multi-million-dollar agreement with Nuuday for cloud transformation
Indian Hume Pipe secures project worth Rs. 1,137 crore from Telangana government
DLF disposes of 4.67-acre land for Rs. 735 crore to Cholamandalam Investment
GAIL plans Rs 650 crore investment in LNG retail business
IndiGrid secures battery energy storage project in Gujarat
14 March, 2024
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Reliance set to acquire 13% of Viacom18’s stake
IIFL Finance plans Rs 1,500 crore rights issue
Tata Power Solar completes Chhattisgarh’s largest solar-BESS project in India
Tata Motors partners with Tamil Nadu for manufacturing unit
Vedanta to challenge Sebi’s Rs. 77.62 crore payment order to Cairn.
Shree Cement signs deal with StarCrete for 5 RMC plants acquisition
NHAI advises Paytm FASTag users to obtain new ones from another bank
Nazara Tech earmarks Rs 830 crore for acquisitions
HIL to buy Topline brand for Rs 265 crores
KEC International secures engineering contracts worth Rs. 2,257 crore
13 March, 2024
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Dr. Reddy’s faces Rs 74.22 crore GST penalty
Tata Power Solar completes 100 solar project, 120 MWh battery storage
NPCI to greenlight Paytm’s third-party license
Ambuja Cements to divest 2% stake in Sanghi Industries to comply with minimum shareholding requirement
Aditya Birla Capital, Sun Life AMC to divest 5% stake in Aditya Birla Sun Life AMC
BAT plans to sell 3.5% of ITC, aiming to raise up to ₹17,480 crore
Pitti Engineering to buy Bagadia Chaitra for Rs 125 crore
Nykaa-KK Beauty set for global expansion
Vodafone Idea secures $1 billion in investor ‘soft commitment’
Max Healthcare and Touch Healthcare resolve dispute via agreement
12 March, 2024
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IndiGo co-founder Rakesh Gangwal offloads 5.8% airline stake via bulk deal
Aditya Birla Capital and Aditya Birla Finance set to merge
Triveni Engineering acquires 25.43% of Sir Shadi Lal Enterprises for Rs 35 crore
Apollo Hospitals set to launche multi-specialty emergency center in Ayodhya
Adani Green Energy makes 1,000 MW solar park in Gujarat operational
HIL, promoted by CK Birla, acquires Topline pipes for Rs 265 crore
Rail Vikas Nigam secures Rs. 339 crore Maharashtra metro project
Solar Industries wins Rs. 455 crore defence export orders
British American Tobacco to divest $2-3 billion of stake in ITC this week
M&M records 40% surge in Feb SUV sales; overall production up by 26%
11 March, 2024
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InterGlobe Aviation co-founder Rakesh Gangwal to liquidate 3.3% stake in IndiGo
ONGC delivers inaugural oil from KG deep-sea oilfield to Mangalore refinery
Sun Pharma recalls 55,000 bottles from US market due to manufacturing norms violation
SJVN secures 1,352 MW solar projects valued at Rs 7,436 crore
Tata Technologies signs agreement with Telangana for skill centers
Delhivery converts a facility into an all-woman-run hub
NTPC and NGEL explore thermal plants, renewables project in Rajasthan
Signature Global to invest over Rs 1,200 crore annually to enhance housing projects
Coal India achieves record production of 703.91 MT this fiscal until March 7
Adani Ports to invest Rs 60,000 crore in airport business over the next 10 years
06 March, 2024
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BHEL secures Rs 9,500 crore order from NTPC for Singrauli Super Thermal Project
Bajaj Auto’s Rs. 4,000 crore buyback opens March 6
Tata Power Solar Systems, Union Bank extend financing collaboration
JSW Energy subsidiary signs agreement for battery energy storage purchase
Apeejay Surrendra Park Hotels Q3 income at Rs 164 crore, PAT at Rs 27.4 crore
L&T Tech and Intel Corp collaborate on AI solutions for traffic management and road safety
Wipro, General Motors, Magna, partner for automotive software marketplace
Kedaara Capital and Partners Group divest 12.6% stake in Aavas Financiers
Adani Green Energy’s $409 million bond sale oversubscribed 7-fold
NHPC to invest Rs 797 crore in 1200 MW UP solar park
05 March, 2024
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NTPC Green Energy, UP Rajya Vidyut partner for renewable energy projects
Powergrid plans to secure Rs 1,200 crore via bonds
RBI prohibits IIFL Finance from approving gold loans
Tata Motors to separate CV and PV businesses
RBI approves Fincare Small Finance Bank’s merger with AU Small Finance Bank
Metropolis Healthcare faces Rs 24 crore income tax demand from Mumbai authorities
Lighthouse Funds injects Rs. 229 crore into Safari Industries
Vipul Organics secures Rs. 7.15 crore order from TNPL for pigment dye supply
Godrej Properties to build Bengaluru township, Rs 5,000 crore potential
NCLAT rejects BHEL’s appeals on REC in Hiranmaye Energy insolvency case
04 March, 2024
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Vedanta aims to cut $3B debt in 3 years
LIC hands Rs 2,441 crore dividend cheque to FM
JSW Steel allocates Rs. 1,282 cr to revive Italian steel mills
Tata Motors February sales surge 8%, PV sales rise 19% YoY
Adani Group earmarks Rs 75,000 crore for Madhya Pradesh investment
SJVN Green Energy secures 200 MW solar project in e-reverse auction
Paytm Payments Bank penalised Rs. 5.49 crore for money laundering
Chalet Hotels buys Courtyard Marriott property for ₹315 crore
Torrent Power wins bid to supply 388 MU power in peak summer
Sony officially withdraws India operations merger with Zee from NCLT
01 March, 2024
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SoftBank reduces its stake in Paytm to below 3%
NTPC starts 800MW Telangana unit, total capacity now 74,758 MW
HCL Tech partners with Verizon for Digital Workplace service launch
Remedium Lifecare fetches export order worth Rs 169 crore
CIL to own 51% in Rs 11,700 crore coal-to-chemical JV with BHEL
Suzlon secures a 30 MW wind power project awarded by EDF Renewables
Vedanta, Coal India, and Ola Electric join bidding war for vital mineral blocks
SC dismisses Vedanta’s plea to restart Sterlite Copper’s Thoothukudi plant
JSW Steel forms subsidiary for hot/cold-rolled steel products
Advent’s Suven Pharma Board approves Cohance merger
29 February, 2024
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Bharti Airtel adopts recycled PVC SIMs, cutting down on greenhouse gas emissions
Disney Reliance merge assets to create Rs. 70,352 crore media behemoth
Oil India mulls second interim dividend for FY24, decision on March 8
Coal India partners with BHEL for coal-to-chemicals venture
ZEE sets up an independent committee to investigate SEBI’s charges
Maruti Suzuki inks MoU with Union Bank of India to boost inventory funding
Paytm Payments Bank reshapes board, appoints experienced banking and administrative professionals
Alkem Labs likely under I-T scanner for significant tax evasion
KKR mulls JB Chemicals stake sale amid buyer interest
SpiceJet settles Rs. 235 crore legal dispute with Celestial Aviation
28 February, 2024
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SJVN starts 100 MW solar power project in Gujarat
Vodafone Idea approves Rs. 20,000 crore fund raise plan
Paytm to restart its lending platform operations in the first week of March.
Maruti Suzuki joins hands with Union Bank of India for dealer financing solutions
Zydus Lifesciences’ buyback offer of Rs 600 crore buyback to begin from February 29
JSW Energy bags 700 MW solar project from SJVN
SC sends contempt notice to Patanjali Ayurved for misleading ads
Adani Green Energy plans to raise $409 million via dollar bonds
GE T&D India receives Rs. 370 crore orders from Power Grid, supporting ‘Make in India’ goals
Titan Company acquires remaining 0.36% stake of CaratLane for Rs. 60.08 crore
27 February, 2024
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Canara Bank board approves stock split, each Rs 10 share to be split into five Rs 2 shares
NTPC crosses 100 MT coal production mark from captive mines
Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank
RBI imposes fine on SBI, Canara Bank for regulatory violations
Wipro and Nokia collaborate to offer 5G private wireless solutions for enterprises
Ericsson installs 1 lakh 5G radios for Bharti Airtel
PNC Infratech bags 699 crore order for flyover construction
Gensol Engineering secures Rs 337 crore solar project contracts
Khadim India set to demerge its distribution business by September
TVS Motor Co’s Singapore arm to increase Killwatt stake to 49%
26 February, 2024
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RIL aims to pump Rs 5,000 crore in Compressed Biogas Plants (CBG)
Sun Pharma, Alkem Lupin, recall medicines from US market
L&T, Kalpataru emerge lowest bidders for Aramco’s $10-billion Master Gas System Project
RBI instructs NPCI to reassess Paytm’s third-party application provider application
RBI approves HDFC Bank’s sale of 90% stake in education loan firm
Skipper Ltd bags Rs 737 crore order from Power Grid
Piramal Pharma plans to bring down debt through organic growth: Chairperson Nandini Piramal
IOC, GAIL, ONGC face fines for third quarter in a row due to failure in appointing directors
ITC looking to acquire a 47% stake in Prataap Snacks
23 February, 2024
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Ashok Leyland reaches 3 mn production target from Pantnagar unit
HCLTech and Intel Foundry extend partnership for global semiconductor innovation
ABB India Q4 profit rises 10.92% YOY
IRCTC joins hands with Swiggy for pre-ordered meal delivery at railway stations
Bharat Forge injects Rs. 134 crore in cash into subsidiary BFGH
South Indian Bank gives go ahead to Rs 1,151 cr rights issues for funding business
Bank of Baroda secures Rs 2,500 crore through Tier-II bonds
Bajaj Auto ups stake in Yulu Bikes by Rs. 45.75 cr
Angel One to raise Rs 2,000 crore through share issuance
NBCC and HUDCO sign MoUs for consultancy and asset monetization collaboration
22 February, 2024
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Ambuja Cements plans Rs. 1,000 crore investment for Jharkhand grinding unit
Reliance’s AI model, Hanooman, backed by Mukesh Ambani, set for India launch in March
Wipro secures contract to design Intel’s latest chips
JSW Steel to raise $750 million to double steel production
Motilal Oswal raises Rs 1,250 cr for real estate fund
Jubilant Foodworks plans to launch 250 Popeyes outlets in the next 4 years
Delta Corp seals share purchase deal with Ability Games Limited
Edelweiss takes lead in Rs. 210 crore funding round for furniture rental startup Rentomojo
CIE Automotive India Q4 profit at Rs. 168.94Cr, revenue rises 198.01% YoY
IM Capitals Q3 profit rise by 2227.97% YOY
21 February, 2024
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Tech Mahindra completes 100% acquisition of Orchid Cybertech Services
TVS Supply Chain Solutions extends contract with Rolls-Royce for five years
JSW Group explores numerous global auto OEM alliances
Hindalco subsidiary Novelis aims for US IPO, files papers
Tata Steel and JSW Steel bid for mines in commercial coal block auction
Union Bank to raise Rs 3,000 cr via QIP, sets floor price at Rs 142.78/share
SEBI discovers Rs. 2000 cr accounting problem at Zee Entertainment
Power Finance Corp signs MoU with Goa government for funding climate projects
Indiabulls Housing’s Rs 3,693 crore rights issue oversubscribed at 2.04 times
NTPC’s NGEL partners with Andhra Govt for Green Hydrogen Hub
20 February, 2024
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Deepak Fertilisers partners with Norway’s Equinor for extended LNG supply
Power Grid Corp board sanctions investments totalling Rs 656 crore
JSW Steel considering $1 billion stake in Australia’s Blackwater coal mine
IREDA and PNB join hands to boost renewable energy project financing
ONGC’s Imperial Energy to merge five subsidiaries, saving Rs. 2 crore annually
Glenmark Pharma sees Q3 net loss of Rs. 331 crore, with a 19% decline in revenue to Rs. 2,507 crore
Sula Vineyards sees two investor exits, offloading 11.8% stake for Rs 573 crore
Coal India plans to bid for three crucial mineral blocks
Balrampur Chini plans Rs. 2,000 cr capex for country’s first industrial bioplastic
Finolex Cables to invest Rs 580 crore, doubling optic fiber cable capacity
19 February, 2024
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RVNL sees order book size touch Rs. 65,000 crore; targets foreign projects
LIC gets tax refund of Rs 21,740 crore; pending refunds of Rs. 3,700 crore
JSW to invest Rs. 65,000 crore towards integrated steel plant in Odisha
Tata Power receives LoI for Jalpura Khurja Power Transmission project worth Rs 838 crore
RBI defers Paytm Payments Bank transaction restrictions deadline to 15 March
Zee accuses Star India of breaching ICC TV agreement, demands refund of Rs 68.54 crore
EPACK Durable reports Q3 net profit of Rs 4.83 crore, with revenue reaching Rs 279 crore
Schaeffler India Q4 profits drops by 9.25% YOY
Quess Corp to demerge into three listed entities
Adani Realty grabs bid for Bandra Reclamation redevelopment worth Rs. 30,000 crore
14 February, 2024
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Ashok Leyland to invest Rs. 537 crore in its U.K. subsidiary
BHEL sees weak Q3 performance with net loss of Rs. 149 crore
JSW Steel and JFE Corporation to invest Rs. 5,500 crore in India for electrical steel facility
Sula Vineyards reports Q3 net profit of Rs. 24.98 crore due to robust demand
Hindalco’s Q3 net surges 71% on robust aluminium and copper performance
HFCL secures Rs. 179 crore contract from BSNL for 4G and 5G network equipment
Eris Lifesciences buys 51% stake in Swiss Parenterals for Rs. 637.50 crore
Zee Ent’s Q3 profit doubles to Rs 58.5 crore, as revenue grows by 14.8%
Kalyani Steels to invest Rs 26,000 crore in Odisha
Gujarat Gas Q3 net profit drops 40% YoY to Rs 221 crore
13 February, 2024
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JM Financial’s third-quarter net profit surged by 46% to reach Rs 278 crore
LIC ups stake in SBI Cards
GlaxoSmithKline Pharma’s Q3 net profit drops by 72% to Rs 46 crore
Coal India’s Q3 profit after tax rises to Rs. 9,069 crore, declares interim dividend of Rs. 5.25 per share
EY performing forensic audit of Bandhan Bank loans totalling Rs. 23,000 crore
Jindal Steel’s $2 billion South African iron-ore mine in environmental trouble
SAIL’s Q3 profit declines due to sales and price impact from imports
Dr. Reddy’s Hyderabad R&D facility receives U.S. FDA’s VAI classification
JSW Group targets annual production of 3 lakh electric cars in Odisha
Kirloskar Oil Engines reports a 21% increase in Q3 net profit, reaching Rs 82 crore
1 February, 2024
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Sun Pharma announces interim dividend of Rs 8.5 per share
Pfizer and Glenmark collaborate to introduce a new skin disease drug in India
RBI prohibits Paytm Payments Bank from receiving deposits after Feb 29, 2024
Burmans secure an extra 4% stake in Religare Enterprises, investing Rs 277 crore
Godrej Consumers Q3 net profit climbs 6% at Rs. 581 crore YoY
PVR shuts down 62 unprofitable screens in FY24
Dabur to establish a new facility worth Rs. 135 crore in South India
Jindal Steel Q3 profit soars fourfold with lower costs offsetting weak sales
ITC partners with Argentine Football Association to boost food brand promotion
NTPC receives approval to list subsidiary NTPC Green Energy, aiming to raise Rs 10,000 crore
30 January, 2023
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Bajaj Finance Q3 Net profit up 22%, NII rises by 29% to Rs. 7,655 cr
Delhi High Court mandates SpiceJet to settle $4 million with engine lessors by February 15th
Bharat Electronics Q3 profits jump 49% to touch Rs. 893 crore
ITC board declares Rs 6.25/share interim dividend, payable to eligible shareholders from Feb 26-28
Marico Q3 profit jumps 16.7%
Piramal Enterprises to divest Shriram Investment stake for Rs. 1,440 crore
Inox Wind’s 3 MW turbines now feature on Ministry’s updated list of approved models and manufacturers
Adani Green Energy Q3 net profit climbs 148% to touch Rs. 256 crore
GAIL India Q3 profits rise 30.8% on the back of higher sales, improved operating margin
Bharat Petroleum Q3 profits fall 60%
Grasim Industries’ Rs 4,000 crore rights issue witnesses oversubscription
Tata Power proposes tariff revisions in Mumbai, signalling a notable rise for lower-end consumers
29 January, 2023
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ICICI Lombard General Insurance
ICICI Lombard set to buy a 1.08% stake in Karnataka Bank at Rs. 100 crore
Macrotech Developers reports a 25% rise in Q3 net profits at Rs. 505 crore
Yes Bank Q3 net profit at Rs. 231 crore, NII rises by 2.3%
Cipla readies for launch of diabetes and obesity drugs globally
SBI Card sees 8% increase in Q3 net profits to Rs. 549 crore
Cyient Ltd Q3 net profit dips 2% to Rs. 153 crore
JSW Steel sees 400% jump in Q3 profits, to raise Rs. 2,000 cr for loan repayment
Tata Technologies Q3 net profit jumps 6.1% to reach Rs. 170.2 crore
RBI permits LIC to secure holdings up to 9.99% in HDFC Bank
Zomato Payments gets a clear from RBI to operate as online payment aggregator
18 January, 2023
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Overtakes SBI to become the most valuable PSU, market cap touches Rs 5.8 lakh cr.
Announced a partnership with Indian Overseas Bank (IOB) to co-finance renewable energy projects in India.
To invest Rs 5,000 cr in setting up a 100 MW data centre that will use green energy.
Will invest 1400 cr to build a 6 million tonne a year (MTPA) cement plant.
Subsidiary Aerolloy Technologies Ltd signed a multi-year agreement with France-based Dassault Aviation to supply titanium casting parts.
Bagged total orders worth Rs 1034 crore.
To raise up to 250 crore via preferential issue of shares to non-promoters.
Net profit increased 34.5% YoY to Rs 1,475 cr. from Rs 1,097 cr., revenue increased 5.4% YoY to Rs 9,104 cr. from Rs 8,636.7 cr.
Net profit increased 17% YoY to Rs 1,169 cr. from Rs 1,000 cr., revenue increased 5% YoY to Rs 9,017 cr. from Rs 8,620 cr.
17 Jan 2024
- Hyundai’s EV Focus: Hyundai Motor India COO mentions no plans for hybrid cars in India, emphasizing Battery Electric Vehicles (BEVs) as the ‘ultimate destination’.
- Tata Motors +0.79%
- Leadership Approval: RBI approves Praveen Achuthan Kutty’s appointment as DCB Bank MD & CEO.
- DCB Bank -1.07%
- LTTS Q3 Performance: L&T Tech Services reports a 13% jump in net profit to Rs 336 crore.
- L&T Tech Services -1.74%
- Bajaj Chetak Review: Evaluation of the 2024 Bajaj Chetak suggests improved features but questions competition readiness.
- Bajaj Auto -0.52%
- Infrastructure Boost: PM Narendra Modi set to inaugurate infrastructure projects at Cochin Shipyard on Wednesday.
- Cochin Shipyard +2.81%
- SBI Mutual Fund Strategy: SBI Mutual Fund eyes Rs 500 crore from a new fund.
- SBI -0.50%
- Mahindra’s EV Advocacy: Mahindra calls for an even playing field in the EV sector amid Tesla’s India entry plans.
- Mahindra & Mahindra -0.93%
- SBI CBO 2023 Exam: Admit card released at sbi.co.in; Direct link to download available.
- SBI -0.50%
- HDFC Bank IPO Plans: HDFC Bank expects to initiate the IPO process of HDB Financial Services in the next few months, says CFO.
- HDFC Bank +0.38%
- Tech Advancements: Uno Minda launches a new advanced DVR with Advanced Driver Assistance Systems (ADAS).
- UNO Minda -0.31%
- Kotak Credit Cards Update: Kotak Credit Cards are now free of joining and annual fees!
Additional Highlights:
- Latest insights from Davos 2024.
- Vodafone turns to Microsoft for AI services.
- Paytm Bank’s FASTag payments are now available at Chennai airport parking.
16 January, 2023
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Here are the stocks in news for today morning.
Secured an order valued at Rs 400 cr for the supply of diverse pipe types.
Plans to sell REC Solar Norway AS to Oslo-listed Elkem ASA for around USD 22 million.
Clarified that there was no demand notice served by the income tax department.
Has officially commissioned the initial unit boasting a capacity of 350 MW, at its Ind-Barath thermal power plant in Odisha.
Has obtained approval from BSE to issue equity shares and convertible warrants on a preferential basis.
Has secured an order valued at Rs 15,000 cr from NLC in Odisha.
Received approval from the US FDA to market the generic version of a hypertension drug.
Medi Assist Healthcare Services Limited IPO has been subscribed 0.54 times. Retail investors have subscribed 0.89 times.
14 Jan 2024
- Tata Consumer: Making waves in the market with a 3.55% surge, fueled by the acquisition of Organic India shares.
- ONGC (Oil and Natural Gas Corporation): Exciting developments as ONGC announces two significant natural gas discoveries in the Mahanadi basin, resulting in a notable 5.45% increase.
- Infosys: Showing robust performance with a 7.93% gain, dominating headlines at Davos 2024 with ‘WeLead to Credible India.’
- Lupin: Secures USFDA approval for the marketing of a generic hypertension drug.
- Kirloskar Industries: Files a fresh affidavit against Kirloskar Brothers, contributing to a 3.07% uptick.
- Central Bank of India: Extending festival offers until March 31, driving a 2.47% increase.
- TCS, Infosys, Wipro: Workforce sees a third consecutive quarter shrinkage, Infosys leading with a 7.93% growth.
- Bharti Airtel: Plans to end unlimited 5G plans in the second half of 2024, possibly raising tariffs by up to 10%.
- Narayana Murthy: Reveals past rejection by Wipro, creating a buzz around Infosys with a 7.93% rise.
- Panasonic Electric: Aiming for a 50% share in India’s wiring devices market by 2030.
- Kalyan Jewellers: Expanding with three new showrooms in Bihar in January, despite a minor -0.33% dip.
- Hindustan Unilever: Highlighted in Expresso Business and Finance News as of January 14, 2024, with a 0.31% gain.
- Omaxe: Making waves with a 4.96% surge as Chandni Chowk’s Omaxe Heritage parking lot honors legacy.
- Maruti Suzuki: Discontinues the Jimny Thunder Edition, but discounts continue, leading to a -0.45% change.
- Bharat Electronics: Bags a ₹980 crore deal for an electronic warfare system.
- Union Bank of India: The D-Labs at ISB rolls out ‘Build for Billions’ initiative, impacting Union Bank of India positively with a 5.42% increase.
- Power Development: Tamil Nadu set to receive 1,500MW from Odisha thermal plant, further strengthening Infosys, Airtel, and Panasonic positions.
12 January, 2023
Greetings Investors!
Here are the stocks in news for today morning.
Declared a third interim dividend of Rs 9 and a special dividend of Rs 18 per share with the record date set as Jan 19.
Plans to acquire InSemi Technology Services Pvt. for a sum of Rs 280 cr.
Has collaborated with Coolbrook, a Finland-based company, to introduce low carbon emission technology at its Vijayanagar plant in Karnataka.
Announced its entry into the insurance sector through the introduction of its subsidiary, EaseMyTrip Insurance Broker Pvt. Ltd.
Announced that the India-Japan Fund will inject Rs 400 cr into its subsidiary, Mahindra Last Mile Mobility Ltd.
Jyoti CNC Automation Limited IPO
Jyoti CNC Automation Limited IPO has been subscribed 38.53 times. Retail investors have subscribed 26.17 times.
Vodafone Idea imposed Rs 13.16 crore penalty in GST case.
Tata Power Renewable Energy plans to invest Rs 70,000 crore in Gujarat.
11 January, 2024
- SBI Raises $600 Million: State Bank of India (SBI) successfully raises $600 million through a 5-year dollar bond sale. (Financial Express)
- Maruti Suzuki’s Land Requirement: Bhargava of Maruti Suzuki emphasizes the need for litigation-free land at an appropriate price for a new plant. (Financial Express)
- Puravankara’s Sales Surge: Bengaluru-based property developer Puravankara reports an 89% increase in sales for the first nine months of the fiscal year. (Financial Express)
- HDFC Bank’s App Revamp: HDFC Bank plans to roll out a revamped app in the next four months, focusing on enhancing customer experience and security. (News18)
- SBI Chairman Awarded: SBI Chairperson Dinesh Kumar Khara receives the Business Person of the Year Award. (Financial Express)
- Azim Premji’s Net Worth: The joint net worth of Azim Premji and Yasmeen Premji, one of India’s prosperous couples, is highlighted. (Business Standard)
- NCLAT Rejects UBI’s Plea: NCLAT rejects Union Bank of India’s plea to oppose Darwin Platform’s bid for Lavasa Corp. (Business Standard)
- SBI Chairman on GDP Growth: SBI Chairman expresses positivity about the 7.3% GDP growth, stating an encouraging economic climate. (The Economic Times)
- Reliance Power and Infra Settlement: Reliance Power and Reliance Infra commit to settling their dues by the fiscal year-end. (NDFO SANE)
- Rural Development Ministry’s Pact: The Rural Development Ministry signs a pact with SBI to facilitate loans for Self-Help Groups (SHGs). (Business Standard)
9 January, 2024
Union Minister Smriti Irani Meets Indian Volunteers and Umrah Pilgrims in Saudi Arabia: Union Minister Smriti Irani engages with Indian volunteers and Umrah pilgrims in Saudi Arabia, fostering connections and addressing the needs of the Indian community abroad.
Russia and India Explore Diversification of Trade: Ambassador Alipov discusses the potential diversification of trade between Russia and India, highlighting collaborative efforts to enhance economic ties and explore new avenues for partnership.
Odisha Gears Up for Investor Conclave Starting January 12: Odisha plans to organize a conclave from January 12 to attract investors to the agricultural sector, showcasing opportunities and promoting investment in the state.
Jyoti CNC Automation Raises Rs 448 Crore from Anchor Investors Ahead of IPO: Jyoti CNC Automation mobilizes an impressive Rs 448 crore from anchor investors, laying a strong foundation ahead of its upcoming Initial Public Offering (IPO).
Indowind Energy Proposes Issuing 2.25 Crore Convertible Warrants: The board of Indowind Energy proposes the issuance of 2.25 crore convertible warrants, signaling strategic moves to strengthen the company’s financial position.
Dutch Firms to Invest 3.6 Billion Euros at Vibrant Gujarat Summit: Dutch firms are set to sign investment proposals worth 3.6 billion euros at the Vibrant Gujarat Summit, boosting economic collaboration between the Netherlands and India.
Market Insights and Sectors Ahead of Budget 2024: Moneycontrol PRO provides insights into sectors poised to be at the forefront in January, anticipating market trends and potential impacts of the upcoming budget.
MARCOs: Indian Navy’s Elite Marine Commandos in Action: Explore the role of MARCOs, the Indian Navy’s elite marine commandos, in successfully rescuing Indians from a hijacked ship, shedding light on their expertise and capabilities.
The Art of Smart Investing: Balanced Advantage Funds Explained: Delve into the world of smart investing with a focus on Balanced Advantage Funds, providing valuable insights into strategic investment approaches.
Economic Updates: Indian Govt Bonds and Post-Pandemic Recovery: After JPMorgan, Indian government bonds may become part of Bloomberg indices in 2024. SBI economist Ghosh disputes claims of a K-shaped recovery, emphasizing the resilience of India’s post-pandemic rebound.
Global Political Developments: Resignation in French Politics: French PM Elisabeth Borne resigns as President Macron seeks to relaunch the presidency, marking a significant political development in France.
World Affairs: Next UK Parliament to Be Most Diverse Yet: Projections indicate that the next UK Parliament will be the most diverse yet, reflecting changing dynamics in the political landscape.
China-Maldives Relations and Travel Industry Impact: Maldives President Muizzu acknowledges China as a valued ally, while EaseMyTrip boycotts Maldives, with industry giants silent and few committing to island bookings.
5 January, 2024
Secured a contract worth Rs 473 cr from the defence ministry for the manufacturing of 697 bogie open military wagons.
Has received orders for 56 units of Mechanical Minefield Marking Equipment Mark II, totaling Rs 329 cr from the defence ministry.
Aims to invest Rs 12,000 cr in manufacturing chemical and petrochemical products in Bharuch, Gujarat, by the year 2028.
Announced that its subsidiary has been designated as a mega project by the Maharashtra government on January 4.
Entered into a Memorandum of Understanding (MoU) worth Rs 47,350 cr with the Gujarat government for the establishment of solar and hybrid power projects.
Waived the fuel charge for both domestic and international flights citing a decrease in aviation turbine fuel prices after a three-month period.
NHPC Pledges To Invest Rs 4,000 Crore In 750 MW Kuppa Hydro Storage Project In Gujarat.
Has been issued GST demands and penalties amounting to over Rs 19 cr by tax authorities in Maharashtra and Vadodara.
ONDC crosses 5 million transactions in a month for the first time in December.
4 January, 2024
Has been granted a letter of award (LoA) for a redevelopment project at Varkala Sivagiri railway station, with an order value of Rs 123 cr.
Secured a solar power project in Chhattisgarh worth Rs 139 cr.
Board will consider a proposal for a buyback of fully paid-up equity shares next week.
Venezuela has agreed to provide oil to its subsidiary ONGC Videsh, assisting in recovering its outstanding $600 million dividend related to a stake in a project in South America.
Has acquired the complete MenoLabs supplements portfolio, comprising seven branded products focused on women’s health.
Plans to secure a syndicated loan of up to $1 billion through its GIFT City branch.
Has initiated a qualified institutional placement (QIP) to raise funds of up to Rs 3,600 cr.
Has been issued GST demands and penalties amounting to over Rs 19 cr by tax authorities in Maharashtra and Vadodara.
Board has given approval to raise funds of up to Rs 5,000 cr through the public issuance of non-convertible debentures (NCDs) with a face value of Rs. 1,000 each.
2 Jan 2024
Updated at 10:57pm
- Assam Buys 100 E-Buses from Tata Motors
- Mass transit in Assam gets a boost with the purchase of 100 e-buses from Tata Motors.
- DMart’s Standalone Revenue Rises 17.2% in Oct-Dec Quarter
- Avenue Supermarts, the company behind DMart, reports a significant 17.2% increase in standalone revenue for the October-December quarter.
- Asian Paints Receives Three GST Demand Notices Worth Rs 2.07 Crore
- Asian Paints faces GST demand notices totaling Rs 2.07 crore.
- CASA Ratio of Banks Continues to Remain Under Pressure in Q3 FY24
- Banks, including South India Bank, see a 0.34% increase in their CASA ratio but continue to face pressure.
- RACL, Geartach Ltd Registers Higher Monthly Sales in December 2023
- RACL Geartech records increased monthly sales in December despite a -0.55% dip in their equity.
- Rail Vikas Nigam Ltd Signs MoU with REC Ltd
- Collaboration between Rail Vikas Nigam Ltd and REC Ltd as they sign a Memorandum of Understanding (MoU).
- HDFC Mutual Fund Unveils 24 New Branches Across India
- HDFC Asset Management Company expands its reach with the opening of 24 new branches across India.
- Hindustan Zinc Reports Highest-Ever Nine-Month Mined Metal & Silver Production
- Hindustan Zinc achieves record production levels in mined metal and silver over the past nine months.
- Bajaj Finance Offers 25 Basis Points More on Fixed Deposits
- Bajaj Finance attracts depositors with a 25 basis points increase on fixed deposits.
- BEL Offers 7.5% Interest Rate on 175-Day Special Fixed Deposit
- Bank of India offers an attractive 7.5% interest rate on a special 175-day fixed deposit.
- Paytm Recap 2022: Check Your 2023 Financial Journey with Paytm
- Paytm reflects on the financial journey of 2022 and provides insights for the upcoming year.
- Airtel Service Outage: Mobile Data and Broadband Seem Down for Some Users
- Airtel experiences service outage with disruptions in mobile data and broadband for some users.
- VST Industries Shares Surge 20% on Tuesday
- VST Industries witnesses a significant 20% surge in its share prices.
- Adani Ports and Special Economic Zone Posts 42% Growth in Cargo Handling in December
- Adani Ports reports a remarkable 42% growth in cargo handling for the month of December.
- Seames Ltd Completes Takeover of Vessel SEA DIAMOND
- Seames Ltd successfully completes the takeover of the vessel SEA DIAMOND.
- Alak Industries Share Price Surges 20% After Reliance Industries Invests 13,300 Crore
- Alak Industries experiences a 20% surge in share price following a significant investment of 13,300 crores by Reliance Industries.
- CSB Bank Ltd-Q3FY24 Business Update
- CSB Bank provides a business update for Q3 FY24.
- Niyogin Fintech Limited-Business Update for Q3FY24 and BMFY24
- Niyogin Fintech Limited shares a business update for Q3 FY24 and BMFY24 with a positive growth of 1.37%.
- Trigyn Technologies Ltd Re-Appraised at CMMI V2.0 Dev Level 5
- Trigyn Technologies Ltd achieves re-appraisal at CMMI V2.0 Dev Level 5, showcasing excellence in software development processes.
01 January, 2024
- Zomato Gears Up for New Year’s Orders: Deepinder Goyal shares a glimpse of Zomato’s war room as the company prepares for a surge in New Year’s orders, showcasing its commitment to meeting high demand.
- Ashok Leyland Reverses from Support Area: In the cash market, Ashok Leyland exhibits a reversal from a major support area on the weekly time frame, signaling potential shifts in the stock’s trajectory.
- Olectra Greentech’s EV Bus Orders Boost Stock: Olectra Greentech experiences a breakout in the cash market following new electric vehicle (EV) bus orders, reflecting positive momentum in the company.
- BHEL Sees 5.04% Surge in Options Trade: BHEL demonstrates a significant 5.04% surge in a wide-ranging non-directional options strategy, indicating increased market activity and interest in the stock.
- Hot Stocks Alert – Wipro, Clean Science, Crompton Greaves: Anand Rathi Wealth predicts potential rallies of 10-14% in the short term for Wipro, Clean Science, and Crompton Greaves, providing insights for investors.
- Indian Overseas Bank Introduces Savings Account Portability: Indian Overseas Bank unveils a savings account portability facility, allowing customers greater flexibility and convenience in managing their accounts.
- SBI to Manage Laddu Counters at Tirumala: State Bank of India (SBI) takes charge of managing five laddu counters at Tirumala, showcasing its involvement in diverse financial services beyond traditional banking.
- Oil, Gas Sector Forecasts 10-15% Rise in FY24: CRISIL analysis predicts a 10-15% increase in oil and gas usage in FY24, aligning with expected sector growth.
- Paytm Boss Predicts AI-Led ‘Mass Industrialisation’ of Jobs: Paytm’s CEO foresees artificial intelligence (AI) leading to mass industrialization of human jobs within the next five years, highlighting the evolving landscape of the job market.
- KG Basin Resurgence: ONGC Set to Flow Oil Soon: ONGC announces plans to start flowing oil in the KG Basin, indicating a positive outlook for the region’s oil production and economic impact.
29 December, 2023
Received a Rs 402 cr tax notice.
Received orders in the range of Rs 2,500 cr to Rs 5,000 cr for its power and distribution segment in the Middle East.
Received a Rs 60.56 cr tax notice.
Has signed an agreement with Nasmyth (UK) to provide solutions to customers in the defence and aerospace sectors.
Has made the second instalment of Rs 551 cr to Numaligarh Refinery against a rights issue. Issued at a rate of Rs 27.50 per equity share.
Announced that over 12,000 visitors visited its Nashik and Bengaluru wine tourism facilities from 23-25 Dec.
Received approval from BSE and NSE for the proposed merger scheme between Inox Wind Energy and Inox Wind.
Received new orders worth Rs 1,566 cr across its various businesses.
Listing Premium: 37.4%
28 December, 2023
Greetings Investors!
Here are the stocks in news for today morning.
Shareholders rejected the company’s proposal to appoint 4 directors.
Got an order for the supply of 48 wind turbines to Mahindra Susten Pvt. Ltd.
Company’s board has approved a proposal to establish a branch of the company in the International Financial Services Centre, GIFT City, Gujarat.
Piramal Consumer Products Pvt, a subsidiary, has acquired an office space in Lower Parel, Mumbai for Rs 875 cr.
Will invest up to Rs 14,500 cr to finance housing and urban infrastructure projects in Gujarat.
Tax authorities sent a tax demand notice of Rs 270 cr to the company for alleged short payment of GST for 2017-18.
Company’s construction subsidiary has received a contract to establish various systems related to green energy generation and utilities for a tourism destination in Saudi Arabia.
Adani Energy Solutions to build 7 GW RE evacuation network.
Vedanta makes interest payment on NCDs as it navigates debt concerns.
22 December, 2023
Greetings Investors!
Here are the stocks in news for today morning.
Bagged an order from the Ministry of Defence worth Rs 1,600 cr.
Plans to launch a breast cancer drug named Enhertu in January 2024.
Set to raise funds by issuing Basel-III Additional Tier-I bonds on December 27, with a target of up to Rs 3,000 cr as per media reports.
Subsidiary Mahindra Last Mile Mobility Ltd (MLMML) announced a collaboration with lithium-ion battery recycling company Attero.
Board has approved the transfer of non-performing assets (NPAs) worth Rs 776 cr to an Asset Reconstruction Company (ARC)
Has secured a wind power project order from the KP Group, involving the supply of 92 units of their S120-2.1 wind turbine generators.
Signed contract to deliver 552 buses to the Tamil Nadu State Transport Corporation.
Aims to finalize a 200 million euro Line of Credit (LoC) agreement with the European Investment Bank (EIB) to aid climate action projects in India.
Overall: 16.86 times. Retail: 24.74 times.
Credo Brands Marketing Limited IPO
Overall: 51.85 times. Retail: 19.94 times.
21 December, 2023
Greetings Investors!
Here are the stocks in news for today morning.
Has established a fully-owned subsidiary named Arasan Infra Two Ltd. focusing on transmission services.
Has appointed Suman Hegde as the Executive Vice President and Chief Financial Officer of the company.
Plans to divest its complete 39.79% shareholding in its affiliate firm, Transtech Logistics Pvt Ltd.
Aims to get into the electric vehicle segment by introducing a mid-sized battery powered sports utility vehicle by 2025.
Initiated a QIP (qualified institutional placement) to raise up to Rs 500 cr at the floor price of Rs 358.96 per share.
Will establish a polypropylene production unit at its Kochi refinery worth Rs 5,044 cr.
Overall: 159.61 times. Retail: 122.28 times.
Overall: 7.47 times. Retail: 7.42 times.
Overall: 7.15 times. Retail: 13.14 times.
Credo Brands Marketing Limited IPO
Overall: 6.95 times. Retail: 8.78 times.
19 December, 2023
5 min stock breakouts to watch for F&O :
| Symbol | % Change | Price | Volume |
|---|---|---|---|
| COALINDIA | 5.55 | 366.95 | 28,937,243 |
| HDFCAMC | 3.11 | 3122.05 | 960,984 |
| CIPLA | 1.67 | 1237.1 | 1,738,507 |
| LUPIN | 0.99 | 1270.2 | 798,723 |
| DRREDDY | 0.83 | 5637.45 | 224,674 |
| SUNTV | 0.072 | 692.6 | 301,894 |
| KOTAKBANK | -0.022 | 1846.55 | 3,088,923 |
| TATAMOTORS | -0.253 | 728.95 | 4,511,101 |
| HINDALCO | -0.274 | 564.85 | 4,484,733 |
| COROMANDEL | -0.294 | 1235.6 | 88,545 |
| TATAPOWER | -0.341 | 335.9 | 11,713,755 |
| SUNPHARMA | -0.623 | 1244.95 | 2,187,458 |
| CONCOR | -1.03 | 860.4 | 1,608,667 |
| HEROMOTOCO | -1.75 | 3821.85 | 560,186 |
Has partnered with Switzerland’s SIX to modernize the Swiss post trade market infrastructure.
Has secured two consultancy work orders with a combined value of Rs 180 cr.
Board sanctioned a second interim dividend payout of Rs 11 per share for the ongoing fiscal year.
Set to invest Rs 6,000 cr in constructing a 1,000-megawatt renewable power project as part of its shift towards green energy.
Received order to toll and maintain Kota Bypass and Cable Stay Bridge on NH-76 and Gwalior-Jhansi section on NH-44 for Rs Rs 1,683 cr.
Signed separate shipbuilding contracts with a European client, totaling around $42 million.
Happy Forgings Limited IPO is going to open on 19 Dec 2023. Issue Size: 1008.59 Cr.
RBZ Jewellers Limited IPO is going to open on 19 Dec 2023. Issue Size: 100 Cr.
Credo Brands Marketing Limited IPO
Credo Brands Marketing Limited IPO is going to open on 19 Dec 2023. Issue Size: 549.78 Cr.
15 December, 2023
Received an order from Ministry of Railways valued at Rs 1,617 cr for the production and delivery of 4,000 BOXNS wagons.
Received final approval from the USFDA for its generic version of cancer treatment drug Cyclophosphamide capsules.
Subsidiary has secured an order worth Rs 485 cr from the Indian Railways.
UK-headquartered parent company, Vedanta Resources Ltd (VRL), has obtained a $1.25 billion loan from private credit lenders. This funding aims to refinance and repay a portion of the $3.2 billion debt maturing in 2024 and 2025.
Established two new entities in the renewable energy sector, Adani Saur Urja Ltd. and Adani Renewable Energy Fifty One Ltd. both wholly owned subsidiaries.
Board of directors has approved the formation of a subsidiary, Mechtech Thermal Pvt, dedicated to the development of thermal products for aviation, defense, space, and allied industries.
Singaporean subsidiary has acquired a 25% stake in PT Riya Pasifik Nabati in Indonesia.
Doms Industries Limited IPO has been subscribed 15.20 times. Retail investors have subscribed 41.18 times.
India Shelter Finance Corporation Limited IPO
India Shelter Finance Corporation Limited IPO has been subscribed 4.36 times. Retail investors have subscribed 5.08 times.
Inox India Limited IPO has been subscribed 2.79 times. Retail investors have subscribed 3.61 times.
13 December, 2023
Announced that its subsidiary, Padget Electronics Pvt. Ltd., has secured an order from Lenovo to manufacture laptops, notebooks and other IT hardware.
Its subsidiary has won a contract worth Rs 500 cr from an energy conglomerate. The project involves establishing five bio-CNG plants across Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.
Sanctioned a fundraise of Rs 2,250 cr by offering shares and warrants to 64 investors at Rs 50 each.
Entered into an agreement with CFM Mozambique for the provision of diesel locomotives and related services, amounting to a total expenditure of Rs 314.1 cr.
Plans to raise Rs 5000 cr via the issuance of non-convertible debentures and an additional Rs 250 cr through non-cumulative redeemable preference shares.
Increased its offer price to acquire all outstanding shares of Taro Pharmaceutical Industries Ltd., its Israel-based subsidiary, to $43 per share from the initial $38 per share.
Aims to establish a battery foil manufacturing plant in Odisha, with an investment of Rs 800 cr.
Disclosed the acquisition of a corporate agency license from the Insurance Regulatory and Development Authority of India (IRDAI).
Doms Industries IPO is going to open on 13 Dec 2023. Issue Size: Rs 1200 cr.
India Shelter Finance Corporation Limited IPO
India Shelter Finance Corporation Limited IPO is going to open on 13 Dec 2023. Issue Size: Rs 1200 cr.
12 December, 2023
Planning to generate approximately $410 million through a new bond issuance.
Has been served a Goods and Service Tax (GST) notice amounting to Rs 183 cr, from the Telangana division of the taxation authority.
Going to partner with the Indian Oil Corporation (IOC) to install over 500 Fast and Ultra-Fast electric vehicle (EV) charging points nationwide.
Disclosed a licensing agreement with South Korea’s Daewoong Pharmaceutical Co Ltd. to jointly develop some medicines.
Received three observations from the USFDA for its research and development center in Hyderabad.
GQG Partners acquired an almost 5% stake through an open-market transaction, with the deal valued at Rs 1,672 cr.
Planning to hike prices of its commercial vehicles by upto 3% in the first week of january.
Infosys CFO Nilanjan Roy resigns, Sanghrajka to succeed.
RVNL bagged a Rs 543 crore order from Madhya Pradesh Metro Rail Corporation.
8 December, 2023
Announced that the USFDA is currently inspecting its Research and Development (R&D) facility in Hyderabad.
Operations at its Chennai-based plant have been temporarily disrupted due to cyclone-led water logging.
Won a contract worth Rs 580 cr for the supply of artificial magnetic conductors used in radars from the Indian Army.
Market cap surpasses Rs 1 lakh cr, making it the sixth company within the group to achieve this.
Bagged a contract worth Rs 102 cr by the Gujarat government for the construction and maintenance of a biotechnology research center in Gandhinagar.
Announced a collaboration with HDFC Bank to offer digital financing solutions for its commercial vehicle customers.
Granted additional time by the National Company Law Tribunal to settle their dispute with Aircraft lessor Celestial Aviation Services Ltd.
IDFC First Bank unveils UPI-based digital RuPay credit card.
Royal Enfield enters pre-owed motorcycle business.
7 December, 2023
Received relief from Calcutta High Court regarding a GST payment shortfall worth Rs 6384 cr.
Completed a loan book size of Rs 1000 cr under its Roshni scheme for affordable housing.
Subsidiary PFC Consulting incorporated Gola B Ramgarh Transmission, a wholly owned unit to carry out transmission projects in Jharkhand.
Got approval from USFDA for manufacturing and marketing Methylene Blue Injection.
Started a licensing agreement with Alcaras Therapeutics Inc to develop novel drugs for inflammatory diseases.
Will provide AI based solutions for Sweden’s Husqvarna Group.
Received USFDA nod to sell its Varenicline tablets used as an aid for smoking cessation treatment.
Bought a 6.4 acre land worth Rs 196 cr in Thane, Maharashtra to build a real estate project.
Paytm expands credit distribution business, to offer high ticket loans in partnership with banks and NBFCs.
6 December, 2023
Reported a 32% increase in Class 8 truck orders for November compared to the previous month, totaling 36,750 units.
HCL Investments UK Ltd is set to divest its entire 49% equity stake in the joint venture with State Street.
Vivek Gupta has been appointed as a part-time government director on the board.
Subsidiary, JSW Dharmatar Port Pvt., is set to acquire more than 50% of PNP Maritime Services Pvt. for Rs 270 cr under a share purchase agreement.
Plans to develop the world’s largest renewable energy park in Khavda, Gujarat.
Promoter entity, Fairbridge Capital (Mauritius) has divested 8.5% of its stake in the company through an offer for sale.
Revealed the acquisition of three soap brands from VVF (India) Ltd.
Announced securing an order for a 4.27 MW capacity solar project.
Graphite India to buy 31% stake in Godi for ₹50 crore.
5 December, 2023
Greetings Investors!
Plans to initiate commercial crude oil production from its deep-sea project in the Krishna Godavari basin in May next year.
Siemens Germany is set to purchase an additional 18 percent stake in Siemens India from Siemens Energy at Rs 2,952.86 per share.
Declared the successful merger of its subsidiaries – L&T Finance (LTF), L&T Infra Credit (LTICL), and L&T Mutual Fund Trustee – into the company.
Secures the bid for the acquisition of Bikaner-III Neemrana-II Transmission project.
Invests Rs 800 cr into Inox Wind Ltd. to help the subsidiary to repay a portion of its outstanding debt.
Started making payments to Credit Suisse dues following a court order, as per media reports.
Supreme Court supports decision canceling a Rs 65 lakh penalty for violating share buyback rules.
Hindustan construction to sell swiss arm for Rs 928 crore.
Indian Oil opens its first EV battery swapping station in Kolkata.
1 December, 2023
Greetings Investors!
Here are the stocks in news for today morning.
Tata Power EV Charging Solutions and Kanpur Municipal Corporation have collaborated to install 12 EV charging stations in Kanpur.
Got a Rs 1,303 cr six lane construction contract from NHAI.
Started smartphone manufacturing for Xiaomi’s Indian subsidiary at its Noida factory.
Announced a foray into the real estate sector. It will form a joint venture with Peninsula Land.
Board has approved a Rs 450 cr investment in its Vietnam subsidiary.
Tata Technologies listed at a premium of 140%.
Gandhar Oil Refinery listed at a premium of 76%.
Fedbank Financial Services listed at a discount of 1.43%.
Tata motors rules out future value unlocking after tata technologies listing.
30 November, 2023
Greetings Investors!
Received approval from NSE and BSE for delisting the shares of ICICI Securities.
Fairbridge Capital (Mauritius) will sell up to 6.8% stake in the company via an offer for sale. They will sell additional shares if the offer is oversubscribed.
Acquired cement grinding assets worth Rs 169.79 cr from Burnpur Cement.
Declared dividend of Rs 21 per share.
Received approval from USFDA to market a generic medication for the treatment of HIV-1 infection.
IREDA listed at Rs 50, a 56.25% premium. Closed at Rs 60, up 87.50%.
JSW Infrastructure issues $126 million corporate guarantee to Axis Trustee Services.
LIC unveils limited premium, guaranteed additions plan Jeevan Utsav.
Ramco Systems incorporates wholly owned subsidiary in Korea.
29 November, 2023
Company’s Rs 17,000-cr buyback will open on 1 Dec.
Will raise Rs 3,500 cr through non-convertible debentures (NCDs).
IRB Lalitpur Tollway signed a concession agreement with NHAI. The agreement is for tolling, operation, maintenance and transfer of a 4-lane section of NH-44 in UP and Madhya Pradesh.
NSE and BSE have imposed fines on the company for board composition-related issues.
Will start the regular operations of NDTV Profit channel starting 8 Dec.
Launched green hydrogen blending pilot program in Ahmedabad.
Planning to acquire an additional 51.16% shareholding in DP Eurasia NV.
RBI okays Canara Bank’s plan to divest 70% stake in Canbank Factors.
PCBL plans to acquire Aquapharm Chemicals for Rs 3,800 crore.
28 November, 2023
Tata Technologies IPO GMP in demand:
The Grey Market Premium (GMP) reflects a consistently positive sentiment.
Check the IPO GMP here.
Check the IPO GMP here.
Will raise up to Rs 500 cr through a qualified institutional placement.
Appointed former NABARD chairman Harsh Kumar Bhanwala as an additional independent director.
Planning to increase the prices of its vehicles in Jan 2024.
TCS Ties Up With AWS To Launch GenAI Practice
Tata Motors mulls price hike of PVs and EVs in January.
Vinay Tonse appointed as MD by the government until November 30, 2025.
Tata steel appoints Akshay Khullar as VP-Engineering and projects
Fino Payment Bank appoints Rajat Kumar Jain as chairman.
SAIL seeks to hike rail prices for Indian Railway.
27 November, 2023
Greetings Investors!
Tata Technologies IPO GMP in demand:
The Grey Market Premium (GMP) reflects a consistently positive sentiment.
Check the IPO GMP here.
Check the IPO GMP here.
- SAIL is seeking a rail price hike for Indian Railways.
- Wipro establishes new IT infrastructure for Stockholm Exergi AB.
- BSE embarks on a multi-year transformation journey with coverage initiated by Jefferies.
- Avalon & Kaynes in the EMS sector could yield a 20-40% return in 2024.
- Chamble Fertilisers and TTML may deliver an 18% return in the short term.
- Erratic rains cause an 8% decline in hydropower generation in H1FY24 for NHPC.
- LIC explores the possibility of setting up a fintech arm.
- TVS Motor plans to expand its electric two-wheeler range over the next year.
- Market capitalization of four of the top 10 most-valued firms rises by Rs 65,671 crore.
- IFCI reports consolidated net sales of Rs 606.84 crore in September 2023.
- Jio Financial Services is in talks for its maiden bond issue.
- JIK Industries reports consolidated net sales of Rs 0.06 crore in September 2023.
- Hero MotoCorp aims to build 100 premium stores by June-end.
- New India Assurance reports consolidated net sales of Rs 10,566.55 crore in September 2023.
- Jindal Stainless states lenders released 35.2 crore pledged shares.
23 November, 2023
Looking to hire more than 3,000 new employees over the next five years.
Infused Rs 100 cr into its subsidiary Exide Energy Solutions Ltd. through equity share capital subscription on a rights basis.
Issues bonds to raise up to Rs 3,000 cr which includes a Rs 2,500 cr greenshoe.
Seizure drug receives approval from the US FDA.
Won an order worth Rs 356.78 cr to construct a general hospital building in Pune.
Vinay Tonse appointed as MD by the government until November 30, 2025.
Indian Renewable Energy Development Agency Ltd IPO has been subscribed 1.96 times. Retail investors have subscribed 1.97 times.
Subsidiary has established a new travel company in Macau.
Fedbank Financial Services Limited IPO
Opens today. Issue Size: Rs 1092.26 cr.
Flair Writing Industries Limited IPO
Opens today. Issue Size: Rs 593 cr.
21 November, 2023
Got permission from Ministry of Railways to engage in long-term tenders spanning seven years through the clustering of trains.
Tata Technologies IPO GMP in demand
The Grey Market Premium (GMP) reflects a consistently positive sentiment.
Arrowhead Seperation Engineering IPO GMP :
The financials shows negative growth, experts caution about the aggressive pricing.
Received Delhi High Court’s approval to use the chloride trademark.
Planning to raise upto Rs 10,000 cr via a bond issue.
Secured multi-year contracts totaling Rs 580 cr from clients both in India and abroad.
Announced that its hydrocarbon business has won a mega order from a Middle East client.
Incurred a penalty of Rs 35 lakh from the Maharashtra GST department.
Won export orders totaling Rs 42 cr.
Signed an agreement with HDFC Life to offer insurance products.
Opens on 21 Nov 2023. Issue Size: Rs 2,150.21 Cr.
Hindustan Zinc Partners With Inland EV Green Services
18 November, 2023
Tata Technologies IPO GMP in demand:
The Grey Market Premium (GMP) reflects a consistently positive sentiment.
Arrowhead Seperation Engineering IPO GMP :
The financials shows positive growth, experts caution about the aggressive pricing.
17 November, 2023
Greetings Investors!
Here are the stocks in news for today morning.
Got more than 10,000 orders for upcoming electric light commercial vehicles (e-LCVs).
Won a project worth Rs 4,119 cr to develop a port in Karnataka.
Faces a monetary penalty of Rs 90 lakh from the RBI for non-compliances.
Sets November 25 as the record date for the planned Rs 17,000 cr share buyback at a price of Rs 4150 per share.
Achieves its highest-ever retail sales during this festive season by selling more than 14 lakh two-wheeler units.
Receives RBI approval for the appointment of Isha Ambani,
Anshuman Thakur and Hitesh Sethia as directors.
Expects to start extracting oil from KG Basin by November.
Intends to withdraw from its manufacturing facility in Bangalore in the future.
Expects a 10% annual growth in gold loan AUM, according to its Managing Director.
IL&FS Transportation Sells Entire Equity In Jorabat-Shillong Expressway For Rs 1,343 Crore.
16 November, 2023
Aims to allocate Rs 1 lakh cr to establish two petrochemical plants.
Receives USFDA approval for generic injectable.
Stops IMPS service due to a technical glitch.
Plans to acquire an additional 18% stake in its India unit for €21 billion.
RBI has suspended its EMI card loans due to non-compliance with digital lending guidelines.
Secured a Rs 311.2 cr order from the Central Railway for the construction of tunnels and bridges in Madhya Pradesh.
Bank of Baroda board to meet on November 18 to consider infra bond issue.
IIFL Finance To Invest Rs 200 Crore In Subsidiary.
Bhartiya Inter Consolidated September 2023 Net Sales at Rs 227.65 crore, down 2.6% Y-o-Y.
ASK Automotive listed at a premium of 8% from its issue price of Rs 282.
15 November, 2023
Q2 net surges to ₹369 cr. on higher formulation exports.
NMDC clocks 16% increase in net to 1,025 crore.
ICICI Bank to get Jaiprakash Associates’ 7.71% equity as latter’s payment obligation.
City Union Bank eyes ₹1,000 cr. net profit during FY24.
Adani Energy Solutions plans to raise $360 million via bonds.
Delta Corp. among 10 stocks that topped retail buying list in Q2.
Kalyan Jewellers Q2 Result: Net Profit Up 27%.
Vodafone sales growth beats estimates after price hike.
Suryoday SFB targeting Rs 2,400 cr AUM in microfinance business by FY24.
Glencore beats JSW Steel to buy 77% of Canadian co Teck’s coal business for $6.9 billion.
13 November, 2023
- Shivam Auto:
- Net Sales at Rs 117.11 crore.
- Percentage change not available.
- ONGC:
- Set to start production from a $5 billion deep-water project this month.
- PPAP Automotive:
- Standalone September 2023 Net Sales at Rs 14 crore.
- Coal India:
- Gains 1.5% after Jefferies raises target and upgrades stock.
- Jet Freight Logistics:
- Standalone September 2023 Net Sales at Rs 8 crore.
- S. Chand and Co:
- Standalone September 2023 Net Sales at Rs 26 crore.
- RCF:
- Share price dips 1.5% on poor Q2 performance.
- Time Technoplast:
- Standalone September 2023 Net Sales at Rs 624.09 crore.
- Hindustan Copper shares climb 7% after Q2 net profit jumps 135% YoY.
- Stock Recommendations:
- Buy Alicon Castalloy with a target of Rs 30.
- Buy Va Tech Wabag with a target of Rs 630.
- Power Grid Corporation of India:
- Buy recommendation with a target of Rs 240.
- Abbott India:
- Buy recommendation with a target of Rs 26,723.
- CESC:
- Buy recommendation with a target of Rs 100.
- Granules India:
- Buy recommendation with a target of Rs 417.
- The Ramco Cements:
- Buy recommendation with a target of Rs 1205.
- Tata Power Company:
- Buy recommendation with a target of Rs 255.
- Bajaj Consumer Care:
- Buy recommendation with a target of Rs 280.
- Apollo Tyres:
- Buy recommendation with a target of Rs 481.
- Exide Industries:
- Buy recommendation with a target of Rs 384.43.
- Eicher Motors:
- Q2 strong but weaker mix expected to impact margins.
- Ongoing discussion on whether to buy LIC stock post 50% fall in Q2 profits.
- Cambridge Technology:
- Consolidated September 2023 Net Sales at Rs 43 crore.
- Tata Chemical:
- Trades lower after Q2 profit takes a hit.
- Mahurat Trading:
- Sensex gains but drops 250 points.
- M&M:
- Q2 results show a sturdy SUV drive, but tractor sales limp.
- Duncans Tea:
- Standalone September 2023 Net Sales at Rs 106.44 crore.
- Biocon:
- Shares 2% lower despite a 2x rise in Q2 net profit.
- Stock Market Outlook:
- Analysts hint at further upside for Nifty.
- UCO Bank:
- Shares likely to drag due to a shrinkage in net profit and premium income.
- IFL Securities:
- Lists indie, NTPC, and Bharti Airtel as top bets for Diwali.
- Glenmark:
- Nifty Property plunges 200 points below 19,500.
- Tata Motors:
- Stock may trade firm after Moody’s ratings upgrade.
10 November, 2023
Apollo Hospitals to invest Rs 3435 crore on capacity expansion, posts Rs 233 cr. net profit in Q2
Suryoday SFB Q2 results: Net profit zooms 284%, asset quality healthy
Zee Entertainment Q2 results: PAT drops 5% to Rs 130 crore, ad revenue under pressure
JSW Steel’s Crude Steel Output Grows 12 Pc In October.
Adani Enterprises Plans Over Rs 13,000-Crore Investment In Data Centres.
Renuka Sugars Loss Widens To Rs 205.6 Crore In September Quarter.
Airtel Payments Bank net profit rises to Rs 7.7 crore in Q2
Bosch Q2 Results: Profit Jumps Over Two Times, To Divest 16.9% Stake In Hinduja Renewable.
Samvardhana Motherson Q2 Results: Profit falls 18% YoY to Rs 202 cr; revenue up 28%
Ramco Cements Q2 net rises nine fold to ₹101 crore.
9 November, 2023
- EaseMyTrip Announces Plans for More Acquisitions in FY24
- Tata Power Aims for 51% Green Energy Capacity by FY26
- Metropolis Healthcare to Invest Rs 50-55 Crore Over Two Years
- United Spirits Reports 38% Decline in Q2 Net Profit
- Bata India’s Q2 Net Profit Drops by 38%
- Brigade Group Posts Q2 Net Profit of Rs 134 Crore After Minority Interest
- HPCL Plans to Stop Buying Diesel from Other Companies Next Year
- Breakout Stocks: How to Trade Them – Focus on ALKEM and JYOTHYLAB
- Pidilite Plans to Enter the Lending Business; Set to Acquire Promoter Group
- BHEL Reports Q2 Loss of Rs 238 Crore
- Eris Acquires Nephrology and Dermatology Brands of Biocon
- Mazagon Dock’s Q2 Net Profit Soars 56% YoY
- Positive Outlook on Power Stocks but Cautious on Public-Sector as a Whole
- Oil India’s Q2 Net Profit Declines by 70%
- Tata Power Reports an 8.8% Increase in Q2 Net Profit
- Pilani Invest Announces Consolidated Results for September 2023
- Cummins Records Consolidated Net Sales of Rs 1,921.55 Crore for September 2023
- Ideaforge Tech’s Consolidated Net Sales for September 2023
- Mahamaya Steel’s Consolidated Net Sales for September 2023
- Godrej Industries Sees a 44% Plunge in Q2 Net Profit
- GSFC Reports Consolidated Net Sales of Rs 3,118.72 Crore for September 2023
- Manali Petro’s Consolidated Net Sales for September 2023
- Balrampur Chini Announces Consolidated Net Sales for September 2023
- Infosys and AWS Collaborate to Aid Financial Institutions with Cloud Transformation
- Dilip Buildcon’s Standalone Net Sales for September 2023
- Several Nifty 200 Stocks Surpass 50-Day SMA
- Lux Industries Reports Consolidated Net Sales for September 2023
8 November, 2023
Declared an interim dividend of Rs 2.5 per share and sets 17 Nov as record date.
Instructs employees not to engage with senior management on social media.
Declares a dividend of Rs 10 per share.
Receives USFDA approval for a generic drug.
Sets a floor price of Rs 7,533 per share for QIP.
October premium collection decreased by 2%, with a 23% drop in the first seven months of FY24.
ESAF Small Finance Bank Limited IPO
IPO has been subscribed 73.15 times. Retail investors have subscribed 16.97 times.
Honasa Consumer shares listed at a premium of 2%
Q2 results: Net profit jumps 23% to Rs 329 crore.
Q2 net profit zooms 159% to Rs 491 crore.
6 November, 2023
Power trade volume increases by 18% to 948.3 million units in October.
Reported a net profit of Rs 276 cr, accompanied by a 13% increase in revenue, reaching Rs 3,674 cr YoY.
Construction arm bags project on the Greenfield International Airport in Andhra Pradesh’s Bhoparum
Plans to acquire fintech startup DStreet Finance.
Net profit surges by 50% to reach Rs 7.8 cr, with a 22% growth in revenue.
Won new orders worth Rs 380 cr.
Net profit rose 29% YoY to Rs. 346 cr.
Cello World IPO listed at a premium of 28% from its issue price of Rs 648.
ESAF Small Finance Bank Limited IPO
Has been subscribed 8.32 times. Retail investors have subscribed 7.91 times, open till 7 Nov 2023.
- Delhivery Faces Operating Loss: Despite Delhivery’s disappointing operating loss, Jefferies remains optimistic, predicting a 55% upside for the company.
- Jaiprakash Associates Defaults on Loans: Jaiprakash Associates has defaulted on loans amounting to Rs 4,258 crore.
- Bajaj Finance’s QIP Issue: Bajaj Finance has launched a Qualified Institutional Placement (QIP) issue with a floor price set at Rs 7,533.81 per share.
- Siemens Seeks Discount: Siemens AG is seeking a discount for Siemens Energy’s stake in their Indian joint venture.
- Wipro’s Work from Office Policy: Wipro has made work from the office mandatory three days a week, starting from November 15.
- V-Mart Retail’s Q2 Performance: V-Mart Retail has reported a significant widening of net loss in Q2, amounting to Rs 64.12 crore.
- Barbeque Nation’s Q2 Loss: Barbeque Nation has reported a loss of Rs 11.92 crore in Q2.
- Radico Khaitan’s Q2 Results: Radico Khaitan has seen an 18.99% increase in net profit, reaching Rs 64.83 crore in Q2.
- Adani Energy Solutions’ Q2 Performance: Adani Energy Solutions has reported a 46% growth in profit, reaching Rs 284 crore in Q2FY24.
- Gland Pharma’s Q2 Results: Gland Pharma’s net profit has decreased by 20% to Rs 194 crore in its Q2 results.
- Banks Face NIM Pressure: Banks are experiencing pressure on their Net Interest Margins (NIMs), but there’s an improvement in asset quality.
- Bharti Airtel +0.91% – Bharti Airtel’s stock shows a modest 0.91% gain.
- Bank of Baroda -4.02% – Bank of Baroda’s shares have experienced a 4.02% decline.
- Anant Raj +0.68% – Anant Raj’s stock sees a 0.68% increase.
- Archies +1.65% – Archies’ shares have gained 1.65%.
- INOX Wind +11.11% – INOX Wind’s stock has surged impressively by 11.11%.
- Bharat Forge +4.35% – Bharat Forge shares are up by 4.35%.
- Marksans Pharma +3.86% – Marksans Pharma has seen a 3.86% increase in its stock.
- SBI -0.66% – State Bank of India’s shares have decreased by 0.66%.
- AU Small Fin Bank +0.70% – AU Small Finance Bank’s stock shows a 0.70% gain.
- Exide Industries +4.55% – Exide Industries’ shares have risen by 4.55%.
- SW Pinnacle +6.05% – SW Pinnacle has shown a strong gain of 6.05%.
- Vedanta +0.15% – Vedanta’s stock registers a slight increase of 0.15%.
- Adani Ports +0.89% – Adani Ports has gained 0.89% in its shares.
- IOCL +3.23% – Indian Oil Corporation Limited (IOCL) has seen a 3.23% increase in its stock.
- Tata Power +2.02% – Tata Power’s shares are up by 2.02%.
- L&T +2.21% – Larsen & Toubro (L&T) has experienced a 2.21% increase in its stock.
- Petronet LNG +3.44% – Petronet LNG’s shares have surged by 3.44%.
- The Federal Bank +0.42% – The Federal Bank’s stock registers a slight 0.42% gain.
- Suzlon Energy +4.96% – Suzlon Energy has seen a substantial gain of 4.96%.
- SAIL +2.30% – Steel Authority of India Limited (SAIL) shares are up by 2.30%.
- PNB +0.20% – Punjab National Bank (PNB) shows a modest 0.20% gain.
- Maruti Suzuki +0.08% – Maruti Suzuki’s stock experiences a slight 0.08% increase.
- DB Realty +2.00% – DB Realty has seen a 2.00% gain in its shares.
- Bharat Forge +4.35% – Bharat Forge shares are up by 4.35%.
- Varun Beverages -0.65% – Varun Beverages’ stock has decreased by 0.65%.
- SBI -0.66% – State Bank of India (SBI) has seen a 0.66% decline in its shares.
- Gujarat Gas -0.55% – Gujarat Gas has experienced a 0.55% decline in its stock.
- Raymond +0.81% – Raymond’s shares have gained 0.81%.
- Ashok Leyland +0.53% – Ashok Leyland’s stock shows a 0.53% gain.
- L&T +2.21% – Larsen & Toubro (L&T) has seen a 2.21% increase in its stock.
Reported a net profit of Rs. 3,764 cr in Q2., revenue rose 32% year-on-year to Rs 1.05 lakh cr.
Net loss increased to Rs 6511 cr against a profit of Rs 1297 cr in the previous year., revenue fell 7.5% YoY to Rs 55,682 cr.
Britannia Q2: Net profit up 19% to Rs 586 crore, revenue up 1.2%
Reported a decline in Q2 net profit to Rs 228 cr., revenue decreased 41% YoY to Rs 22517 cr.
Net profit fell 1.37% YoY to Rs 47.77 cr.
Plans to sell bad loans worth Rs 8,843 cr.
Posted net profit of Rs 515 cr, revenue increased 7.3% YoY.
Honasa Consumer Limited IPO has been subscribed 7.61 times. Retail investors have subscribed 1.35 times.
Godrej Properties Q2 Results: Net Profit rises 22% YoY to Rs 67 crore.
Container Corporation of India
Container Corporation of India Q2 Results: Net profit rises 21% to Rs 368 crore.
2 November, 2023
Reported a 5% year-on-year (YoY) increase in net profit to ₹2,375.5 cr., revenue stands at ₹12,192 crore.
Q2 net profit increased by 48% YoY to reach Rs 1,007 cr., revenue rose 4.1% YoY to Rs 9075 cr.
Q2 net profit increased more than 400% YoY to reach Rs 643.5 cr.
Plans to invest Rs 1,025 cr to increase its capacity by 19%
Declares an interim dividend of Rs 3.5 per share.
Recorded a 5.89% increase in total sales, with 82,954 units sold in October.
Trust has successfully refinanced five BOT (Build-Operate-Transfer) projects worth Rs 6,400 cr.
Honasa Consumer Limited IPO has been subscribed 0.70 times. Retail investors have subscribed 0.62 times.
Cello World Limited IPO has been subscribed 38.90 times. Retail investors have subscribed 3.06 times.
Britannia Q2: Net profit up 19% to Rs 586 crore, revenue up 1.2%
1 November, 2023
Net profit fell 37.5% year-on-year to Rs 1,340.7 cr., revenue stands at Rs 37043 cr. up 7.28% YoY
Received an income tax order with a liability of ₹170 cr for FY22.
Reports a 29% YoY increase in net profit reaching Rs 629 cr.
Net profit grew 11.9% YoY to Rs 147.90 cr.
Declares an interim dividend of Rs 5 per share.
Net profit surges 56% YoY to Rs 2404 cr.
Cello World Limited IPO has been subscribed 1.44 times. Retail investors have subscribed 1.04 times.
Honasa Consumer Limited IPO has been subscribed 0.13 times. Retail investors have subscribed 0.34 times.
Jio World Plaza, designed as an exclusive hub for retail, leisure, and dining, opens in Mumbai.
31 October, 2023
Reported net loss of Rs 189 cr in Q2., revenue fell 18.7% year-on-year to Rs 10170 cr.
Net profit grew 32% to Rs 537 cr, alongside a 13% rise in revenue.
Secures an order in India and the Middle East for hydrocarbon and power transmission projects.
Reported an increase of 23.1% in net profit to Rs 341 cr.
Net profit rose 17% YoY to Rs 353 cr, declares an interim dividend of Rs 3 per share.
Records a 64.8% surge in Q2 net earnings, amounting to Rs 157.26 cr.
Plans an investment of Rs 20,685 cr in a petrochemical plant.
Cello World Limited IPO has been subscribed 0.38 times. Retail investors have subscribed 0.35 times.
Honasa Consumer IPO opens on 31 Oct 2023, Issue Size: Rs 1701 cr.
Tube Investments Q2 standalone net up 27% to ₹181 cr.
29 October, 2023
Net profit increased 80% year-on-year to Rs 3717 cr., revenue rose 23.8% to Rs 37,062 cr.
Reported an increase in net profit of 33% to Rs 1,480 cr., revenue stood at Rs 6,880 cr, grew 9% YoY.
Net profit increased 43.3% YoY to Rs 1131 cr., revenue grew 14.6% YoY to Rs 6678 cr.
Approved raising Rs 800 cr from five institutional investors by allotting preferential shares.
Plans to build luxury housing projects with a potential revenue of Rs 12,000 cr.
Won an order for a 50.4 megawatt wind power project from Juniper Green Energy.
Reported a net loss of Rs 8,737 cr, revenue stood Rs 10,716 cr.
Plans to raise Rs 8,000 cr through a Qualified Institutional Placement(QIP)
ESAF Small Finance Bank IPO to open on November 3, plans to raise Rs 463 crore.
Trident Realty launches premium independent floors in Panchkula, to invest Rs 700 cr.
27 October, 2023
Reported an increase of 53% in net profit YoY reaching Rs 1232 cr., revenue stands at Rs 8478 cr.
Net profit grew 47% year-on-year to Rs 113.36 cr.
Posted a 327% increase in net profit to Rs 1,756 cr, NII grew 20%.
Net profit rose 46% to Rs 3606 cr, NII increased 19%.
Revenue increased 11% to Rs 4435 cr net profit stands at 384 cr.
Reported net profit of Rs 340 cr , declared a dividend of Rs 22 per share.
Net profit surged 13% to Rs 1,751 cr, declared a dividend.
Blue Jet Healthcare IPO has been subscribed 1.32 times. Retail investors have subscribed 1.37 times.
IRM Energy IPO lists at Rs 477.25 a discount of 5.5% from its issue price.
Indian Bank to raise Rs 4,000 crore during current fiscal.
26 October, 2023
Reported a 10% YoY increase in profit, reaching Rs 5,863 cr. with a 19% rise in Net Interest Income (NII).
Witnessed a 61.6% year-on-year decline in net profit, amounting to Rs 494 cr. alongside a 2% decrease in revenue.
Bombay High Court issued an order against a tax demand of Rs 16,194 cr.
Posted a net profit of Rs 97 cr. revenue grew by a 5% YoY.
Has secured a contract worth Rs 302 cr. from Mahagenco.
Has created a fully-owned aircraft leasing subsidiary named Udanvat Leasing IFSC Ltd.
Has been subscribed 0.69 times. Retail investors have subscribed 0.78 times.
Indus Towers Q2 net profit rises 49% to Rs 1,295 crore.
Q2 Results: Consolidated PAT rises 16% YoY to Rs 84 crore.
PAT grows 41% to Rs 73.63 crore in Sept quarter.
25 October, 2023
Secures the acquisition of PTC India’s wind power unit for Rs 925 cr.
Obtains a 51% stake in Styleverse Lifestyle.
Acquires over 50% of shares in HUDCO’s offer for sale.
Nears acquisition of Coastal Energen for Rs 3,440 cr.
Consolidated net profit for Q2 decreased to Rs 21.4 cr.
Reports a 46% increase in net profit to Rs. 383 cr.
JSW Steel confirms deal talks with Teck Resources unchanged amid India-Canada diplomatic row.
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 crore.
Viji Finance Consolidated September 2023 Net Sales at Rs 0.42 crore, down 40% Y-o-Y.
Lloyds Engineering Works Ltd Q2 FY2024 PAT increases to Rs. 18.78 crores.
24 October, 2023
Secures the acquisition of PTC India’s wind power unit for Rs 925 cr.
Obtains a 51% stake in Styleverse Lifestyle.
Acquires over 50% of shares in HUDCO’s offer for sale.
Nears acquisition of Coastal Energen for Rs 3,440 cr.
Consolidated net profit for Q2 decreased to Rs 21.4 cr.
Reports a 46% increase in net profit to Rs. 383 cr.
JSW Steel confirms deal talks with Teck Resources unchanged amid India-Canada diplomatic row.
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 crore.
Viji Finance Consolidated September 2023 Net Sales at Rs 0.42 crore, down 40% Y-o-Y.
Lloyds Engineering Works Ltd Q2 FY2024 PAT increases to Rs. 18.78 crores.
23 October, 2023
Reported a net profit of Rs. 2,760 cr., net revenue rose 6.7% to Rs. 44584 cr.
Secured orders for three smart metering projects in Maharashtra and Bihar, worth Rs 17,000 cr.
Posted a net loss of Rs 292 cr.
Faced a GST demand order from CGST amounting to Rs 258.78 cr.
Set to purchase a 27% stake in ‘Freight Tiger’ for ₹150 cr.
Bagged orders valued at Rs 420 cr. from the Vadodara Division of Western Railway.
Softbank sold 1.09% equity stake in a bulk deal, amounting to Rs 1,040.5 cr.
NLC Plans Rs 82,700-Crore Capex To Hike Capacity To 17 GW By 2030, Says CMD
ICICI Bank Q2 profit soars 36%; SME loans grow 29%
20 October, 2023
Net profit grew 4% to Rs 2,717 cr., revenue rose 3.53% to Rs 15,027 cr.
Reported an increase of 69% in net profit to Rs 1,281 cr., revenue rose 15% to Rs 16,012 cr.
Plans to invest Rs 30,000 cr. in oil exploration over the upcoming three years.
Secured a deal to provide 61,000 metric tonnes of pipes and bends in the Middle East.
Won an order worth Rs 1,603 cr. from Maharashtra State Electricity Distribution Co.
Set to discuss the possibility of an interim dividend on October 25.
Anounced a net profit of Rs 166.3 cr.
Recorded a drop in net profit to Rs 181 cr., announcing an interim dividend of Rs 19 per share.
Now ranks as the world’s third-largest two-wheeler manufacturer.
HDFC Bank distributes Rs 42 crore to fractional shareholders of HDFC Ltd.
19 October, 2023
Reported a 0.9% increase in net profit, reaching Rs 1161.8 cr., declared an interim dividend of Rs. 20.
Experienced a 20% growth in net profit, totaling Rs 1,836 cr., Ebitda rose by 21.3% to Rs 2,132.9 cr.
Plans to invest Rs 30,000 cr. in oil exploration over the upcoming three years.
Net profit increases 22% to Rs 2,202 cr.
Secured an order worth Rs 739 cr. from the National Highways Authority of India.
Aims to raise Rs 1,000 cr. via NCDs.
Reported a net profit of ₹2,667.3 cr.
Pioneered the launch of a triple-drug fixed-dose combination (FDC)
Apollo partners SAIL to open multi-specialty hospital in Rourkela.
IIFL Finance net profit jumps 32 pc to Rs 526 cr.
18 October, 2023
Bajaj Finance Q2 Results: Cons profit jumps 28% YoY to Rs 3,551 crore.
Approved the acquisition of a 100% stake in Suzuki Motor Gujarat Private (SMG).
Received a tax notice of Rs 321 cr.
L&T Tech has declared an interim dividend of Rs 17.
Got orders worth Rs 1,315 cr across various businesses.
Its US subsidiary has recalled an anti-depression medicine in the American markets.
Planning to raise Rs 4,000 cr from shareholders via rights issue.
Can Fin Homes Q2 Results: Net profit rises 11% YoY to Rs 158 crore.
Syngene Q2 Results: Net profit jumps 14% to Rs 117 crore.
ICICI Pru Life Q2 Results: Net profit jumps 23% YoY to Rs 244 crore
17 October, 2023
Got a Rs 313.4 cr order from the Ministry of Defence.
Received new orders worth Rs 2,217 cr in the domestic and international markets.
Jio Financial Services reported a net profit of Rs 668 cr.
HDFC Bank Q2 earnings: Net profit rises 50% to Rs 15,976 crore
GDMC Pays Rs 269.4 Crore Dividend To Gujarat Government.
Jio Financial Services Q2 Results: Net profit doubles to Rs 668 crore.
NLC India Incorporates Arm For Commissioning Green Projects.
Karur Vysya Bank Q2 Results: Net profit rises 51% YoY to Rs 378 crore.
Bank of Maharashtra Q2 PAT jumps 72% to ₹920 crore.
CEAT Q2 Results: Profit soars to Rs 208 crore as sales rise, input costs fall.
16 October, 2023
TCS bribe-for-jobs probe outcome: 16 employees fired, 6 vendor entities debarred
Dhruva Space setting up 2.8 lakh sq ft facility in Hyderabad for assembly, integration of satellite infra.
M-cap of six of top 10 firms jumps Rs 70,527.11 cr; Reliance Industries biggest gainer.
IDBI Bank has deferred tax assets of Rs 11,520 crore, 120 properties in 7 cities
Received approval from the US FDA to market a generic medication.
Block deal of 46.7 lakh shares occurred at Rs 1,540 per share, totaling around Rs 719.6 crore.
Biotech subsidiary licences its immunology portfolio for approximately Rs 2,700 crore.
Acquires Silverline, a digital transformation consulting firm, for up to $132 million.
Wins an order to supply 1,666 new buses to Tamil Nadu State Transport Undertakings.
RBI has put a Rs 8.50 lakh penalty on Bajaj Finance for rule violations.
13 October, 2023
Raises fixed deposit rates by up to 125 basis points.
Secures ₹700 crore in funding through the allotment of 70,000 NCDs.
Records a net profit of Rs 6,212 crore in Q2 FY24 and declares an interim dividend of ₹18 per share.
Ichnos Sciences, a subsidiary, signs licensing agreement with Astria Therapeutics for its antibody portfolio.
Subsidiary InvaGen Pharmaceuticals receives the Establishment Inspection Report (EIR) from the USFDA.
Plaza Wires IPO listed at Rs 76, 40% higher than its issue price.
Reported 10% year-on-year growth in its consolidated net profit at Rs 3,832 cr.
Have been granted the ‘Navratna’ status by the Government of India.
Have been granted the ‘Navratna’ status by the Government of India.
Jaguar Land Rover (JLR) India sold 1,194 vehicles between April-September, highest sales ever.
Disclaimer
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