India Daybook – Stocks in News
*Natco Pharma:* Company to consider share buyback on March 8. (Positive)
*Pidilite:* Company to make Germany-based Jowat’s hot melt adhesive in India (Positive)
*Titagarh Wagons:* BHEL consortium emerges as 2nd lowest bidder (L-2) for Vande Bharat trainsets (Positive)
*Adani Wilmar:* Company launches Kohinoor Biryani kit; to help in preparing biryani in 30 minutes (Positive)
*Adani Green:* Company's 700 MW wind-solar hybrid plant becomes operational at Jaisalmer, Rajasthan (Positive)
*M&M Fin:* Mahindra Finance's total disbursement grew by 53% (YoY) at Rs 4,185 crore, while the loan book grew by 1.5% (MoM) (Positive)
*MOIL:* Company's February Manganese Ore production at 1.31 lakh tonnes, up 10% (YoY). (Positive)
*Pidilite:* Company to make Germany-based Jowat’s hot melt adhesive in India (Positive)
*TWL/BHEL:* Titagarh Wagons-BHEL consortium emerges as 2nd lowest bidder (L-2) for Vande Bharat trainsets. (Positive)
*Mastek:* Appoints Vijay Iyer As President Of Americas To Lead Growth In The Region (Positive)
*HDFC Life:* The company aims to achieve margin neutrality in FY23; sees room for margin expansion in FY24 despite the budget proposal (Positive)
*Steel Companies:* Indian Steel Mills have increased HRC/CRC prices by Rs 1,000-2,000/tonne for March (Positive)
*Zydus Lifesciences:* Company has received final approval from the United States Food and Drug Administration (USFDA) for Acyclovir Cream (Positive)
*Adani Ports:* Operational Update: February 2023 cargo volumes up 10% (YoY) (Neutral)
*Happiest Minds:* Board approves raising funds of up to Rs 125 cr via NCDs in three tranches (Neutral)
*KTK Bank:* Abhishek Sankar Bagchi Appointed As CFO Of Karnataka Bank w.e.f. March 2, 2023. (Neutral)
*HPCL:* Raises Rs 1650 Crores Via Pvt Placement Basis Of Debentures (Neutral)
*Indian Bank:* To Hike Lending Rates By 5-10 bps Across Tenures w.e.f. 3-March (Neutral)
*PVR:* Leading multiplex chain operator PVR to spend about Rs 450-500 crore of capex on new screens and the company (Neutral)
*Alembic Pharma:* Company to take impairment charge of Rs 1,150.43 cr
By: via Telegram.me/AlliesFin #StockMarket #india
