Allies Fin Serve Stock Market's Post

 
IRCTC - Government will sell an up to 5 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) at Rs680 a share (CMP 733) – Today HNI and Tomorrow Retail
 
Poonawalla Fincorp: The non-banking arm of the vaccine major Cyrus Poonawalla Group announced sale of its housing subsidiary Poonawalla Housing Finance to private equity major TPG for Rs 3,900 crore
 
Mahindra & Mahindra - M&M has received approval from the Maharashtra government to invest Rs 10,000 crore in an electric vehicle manufacturing plant in Pune. The vehicles proposed to be made at the plant will be based on the company’s INGLO EV platform and will include e-SUVs under the XUV brand – positive
 
NTPC will issue NCDs worth Rs 500 crore on private placement at a rate of 7.44% annually. The proceeds will be utilized for funding capital expenditure, refinancing of existing loans and other general corporate purposes. – positive
 
Jubiant Pharmova - The U.S. FDA has issued eight observations after an inspection of the company’s API manufacturing facility at Nanjangud, Karnataka. Company will soon announce the action plan on FDA's observations. – Any sharp decline will be buying opportunity
 
Coal India has issued LoAs for seven coal projects to be pursued through the mine developers and operators model. The projects have a production capacity of close to 100 million tonne per year cumulatively. Coal India is tracking 15 greenfield coal projects through MDOs. Company’s investment in MDO projects seen at Rs 20,600 crore. - positive
 
Tata Communications Managed Services components to its wholly-owned subsidiary, Tata Communications Collaboration Services Pvt  as a going concern on 'slump sale' basis. The networth, basis the carved out Balance Sheet, as of September 30, 2022, was Rs42.34 crores - positive
 
WPI Inflation Falls To Lowest Since February 2021 - WPI inflations falls to 10-month low at 5.85% in November 2022 compared to 8.39% in October. Bloomberg expectation 6.30% - Expects positive for the interest sensitive sectors like banks, NBFC, auto and real estate stocks due to nearly 1-year low Wholesale Inflation and Retail Inflation.
 
Vip Clothing - Mr. Sunil Kumar Alagh former managing director and chief executive officer of Britannia Industries will be joining as a strategic advisor to VIP Clothing Ltd, the leading innerwear brand in India with a legacy over past 52 years in the innerwear industry. – positive
 
Tata Motors: The homegrown auto major said it has inked a pact with Everest Fleet Pvt Ltd to supply 5,000 units of XPRES-T EVs. As part of the deal, the company handed over 100 units to Mumbai-based Everest Fleet. - positive
 
Power Grid Corporation: A committee of directors of state-owned have approved a proposal to invest Rs 330.61 crore in a transmission project. It said a decision in this regard was taken by the company's 'committee of directors on investment on projects.
 
Cineline India has announced the opening of its first flagship 7 screen multiplex at "AMR Planet Mall" situated at Malkajgiri Mandal, Hyderabad, Telangana  with a capacity of 1,535 seats. – Positive
 
Torrent Pharmaceuticals has entered into a strategic alliance with Boehringer Ingelheim India Pvt to co-market Cospiaq, Cospiaq Met and Xilingio in India. – positive
 
IRIS Business is in receipt of a Letter of Intent from the Royal Monetary Authority of Bhutan awarding the contract for providing consulting services for the implementation of a Data Warehousing and Analytics Platform.- positive
 
Celebrity Fashion - CRISIL Ratings has upgraded its rating on the long-term bank facilities availed by the Company to 'CRISIL BB/Stable' from 'CRISIL BB-/Stable' and reaffirmed the 'CRISIL A4+' rating on the short-term facility. – positive
 
Jubliant Food - Domino's Pizza, India's largest pizza chain, has launched a new range of gourmet pizzas - Viva Roma. The new range of scrumptious pizzas, which defines authentic Italian taste in every sense – positive
By: via Allies Fin Serve Stock Market