India Daybook – Stocks in News
*Aster DM:* Company in-pact with Abdulmohsin Alhokair for pharma chain in Saudi Arabia (Positive)
*SJVN:* SJVN Green Energy signs pact for 1000 MW #floating solar projects in Assam (Positive)
*Adani Gas/Gujarat Gas:* Gujarat govt cuts VAT on CNG, PNG price by 10% (Positive)
*Maha Seamless:* Net profit up 94.3% at Rs 176.6 cr Vs Rs 90.9 cr, Revenue at Rs 1,411 cr Vs Rs 951 cr YoY (Positive)
*Lloyds Metal:* Along with Results Board To Consider NSE Listing. (Positive)
*KSB:* Company gets approval for bid submitted under e-Auction for sale of technology (Positive)
*Adani Transmission* saw a 13% jump in the number of electricity units sold during the quarter ended September (Positive)
*CONCOR:* July-September total cargo volumes up 17% (YoY) at 1.14 m TEUs (Positive)
*Electronics Mart India:* Nippon India Mutual Fund bought 24 lakh equity shares in the company via open market transactions at an average price of Rs 89.42 per share (Positive)
*Star Housing Finance:* The board approved the sub-division of one share into two fully paid-up shares and the issue of one bonus equity share for every fully paid-up equity share. (Positive)
*NTPC:* Company has inked a pact with Mitsubishi Heavy Industries and its arm Mitsubishi Power India to demonstrate the feasibility for hydrogen (Positive)
*Oberoi Realty:* The company maintained confidence on strong residential sentiments (Positive)
*Tata Coffee:* Net profit up at Rs 142.4 cr Vs Rs 34 cr, Revenue up 30.9% at Rs 718 cr Vs Rs 549 cr YoY (Neutral)
*PEL:* Piramal Pharma to get listed on the exchanges on Wednesday Oct 19th (Neutral)
*Samvardhana Motherson:* CNBC sources say Sojitz Corp will sell 1.9% in company, floor price at Rs 64.36/Sh (Neutral)
*ZEEL:* CNBC sources say OFI Global Fund to sell shares up to Rs 1,396 cr of Zee Ent via block deal at Rs 250/Sh to Rs 263.7/Sh (Neutral)
*NDTV:* SEBI has sought additional clarifications from the merchant banker on Adani Group’s open offer for NDTV (Neutral)
*JMC Projects:* The company has raised Rs 75 crore via NCDs as it has allotted 750 non-convertible debentures of the face value of Rs 10 lakh (Neutral)
*ONGC:* Company is mulling to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east (Neutral)
*RPG Life:* Net profit up 26.8% at Rs 20 cr Vs Rs 15.8 cr (YoY) Revenue up 19.7% at Rs 134.8 cr Vs Rs 112.7 cr (YoY) (Neutral)
*Spandana:* Net interest margin at 13% vs 13.6% YoY & vs 9.9% QoQ. Net profit at Rs 49.5 cr vs loss of Rs 58.7 cr YoY (Neutral)
*Shriram Transport:* Company denies reports of interest in acquiring IDBI Bank (Neutral)
*IRB Infra:* To transfer Vadodara road project to InvIT arm (Neutral)
*Shriram Transport Finance:* Tender offer to #buyback senior notes worth $500 m (Neutral)
*Can Fin Home:* Net profit at Rs 141.7 cr vs poll of Rs 143.1 cr, NII at Rs 251 cr Vs Poll of Rs 234.8 cr (Neutral)
*Tata Metaliks:* Net profit down 73.9% at Rs 14.3 cr Vs Rs 54.8 cr, Revenue up 36% at Rs 877 cr Vs Rs 644.8 cr (YoY))
By: via Allies Fin Serve Stock Market
