Stocks To Watch
IGL: The company raised piped gas price by Rs 5/SCM in Delhi. It also increases price of CNG by Rs 0.8/Kg effective April 1.
Hero MotoCorp: The company’s sales fell 21.98% in March 2022. Sales stood at 4,50,154 units as compared to 5,76,957 in March 2021.
PVR: The company has discontinued operations of 23 screens across 9 properties on expiry of their lease with Cineline India.
Dr Reddy’s: The company will acquire cardiovascular brand Cidmus from Novartis AG for $61 million.
TVS Motors: The company’s sales fell 4.55% in March 2022. Sales stood at 3,07,954 units as compared to 3,22,643 in March 2021.
JSW Energy: The company subsidiary, JSW Neo Energy has entered with the government of Chhattisgarh for setting up a 1,000 MW capacity of Hydro Pumped Storage Project viz. Hasdev Bango Pumped Storage Project, in Chhattisgarh.
Eicher Motors: The company’s sales rose 2.45% in March 2022. Sales stood at 67,677 units as compared to 66,058 in March 2021
Future Enterprise: The company has defaulted on an aggregate amount of Rs 2,835.65 crore as on March 31, to a consortium of banks and lenders under the one time resolution plan
Angel One: The company declared interim dividend of Rs 7 per share of face value of Rs 10 per share.
HCL Technologies: The company will consider declaration of interim dividend on April 21 and April 22.
HDFC: Bank’s loan book stood at Rs 8,367 crore in Q4 compared to Rs 7,503 crore in the corresponding quarter of the previous year. The bank’s gross income from dividend stood at Rs 128 crore on March 31, 2022.
Power Grid: The company has transferred balance 26% equity shareholding of Powergrid Vizag Transmission to PGlnvlT at a price of Rs 330.78 crore. The company has relinquished its right on additional revenue accruing to Powergrid Parli Transmission, Powergrid Warora Transmission and Powergrid Jabalpur Transmission to PGlnvlT for Rs 304.15 crore.
Cummins India: Cummins Research and Technology, a 50:50 joint venture between the company and its US arm is voluntary liquidated. CRTIPL, as on March 31, 2021 was Rs. 279 lakhs constituting 0.059% of the consolidated net worth of the company.
L&T Technology Services: The company will consider declaration of dividend on April 21
NTPC: The company has commissioned 250 MW Captive Power Unit, at Rourkela, Odisha, of NTPC Sail Power, joint venture company. The installed and commercial capacity of NSPCL has become 1064 MW while the group installed capacity of NTPC has become 68881.68MW.
Supreme Petrochem: The company has received NCLT nod for reduction in paid up share capital from 94.02 crore to Rs 37.6 crore by reduction in face value from Rs 10 to Rs 4 each.
Acrysil: The company’s UK arm will acquire 100% shares of Tickford Orange, UK along with its wholly owned operating subsidiary Sylmar Technology for £11 million. STL is a manufacturer, distributer and customizer of high-quality solid surface products for kitchen and bathroom, for both domestic and commercial purposes for markets across UK.
Sandhar Technology: The company secured machining business from TVS Motors Company. With the award of this business, the company has entered machining for castings business.
Alkem Laboratories: ISP Chile had conducted an inspection at the Company's manufacturing facility located at Daman, India from March 28, 2022 to April 1, 2022. No observations critical to good manufacturing practices was detected.
Subex: The company has executed the transfer of Revenue Maximization Solution business from Subex Assurance LLP to the company.
PTC India: The company recorded volume of 8745 crore units of energy in FY 2021-22.
Vaibhav Global: The company has acquired 15 lakh shares of Vaibhav Lifestyle raising its stake from 75% to 100%.
Bhageria Industries: The company has commissioned 4.5 MW Solar Power Projects at Ahmednagar as turnkey EPC project for a client for their captive consumption.
Pledged Shares Details
Mangalam Drugs & Organics: Promoter Shree Rasbihari Trading and Investment created a pledge of 59,000 shares on March 29.
By: via @AlliesFin Serve Stock Market
