India Daybook – Stocks in News
*Ajanta Pharma:* Company to consider a proposal for buyback on March 10. (Positive)
*PVR:* Company opens 11 screen multiplex in Phoenix Marketcity, Chennai (Positive)
*Wipro:* Company open its Americas headquarters in East Brunswick, New Jersey (Positive)
*Coffee Day:* SAT grants stay on #imposition of Rs 26 crore penalty by Securities and Exchange Board of India (Positive)
*LTIMindtree:* Company launches new delivery center in Krakow, Poland (Positive)
*NTPC:* Company logs nearly 12 percent growth in electricity generation in April-February this fiscal year (Positive)
*Hero MotoCorp:* Company to collaborate with Zero Motorcycle for premium electric motorcycles (Positive)
*ONGC:* India's top oil explorer ONGC signs MoU with France's TotalEnergies (Positive)
*Allcargo:* Company to buy its partner CCI's contract logistics business (Positive)
*Paytm:* Company signed MoU with Andhra govt to empower merchants, street vendors. (Positive)
*PVR:* Company launched Lucknow's biggest 11-screen cinema post-merger with Inox (Positive)
*Power companies:* Icra revises thermal power sector outlook to ‘stable’ on strong demand, recovery of dues (Positive)
*Krsnaa Diagnostics:* Company has operationalized 100 Pathology Collection Centers (Positive)
*Stel Holdings:* Promoters acquired additional 3.7 Lakh Shares or 2.02% Stake from open Market (Positive)
*GAIL:* Board to consider interim dividend on March 13. (Positive)
*Sugar Companies:* Government may permit more sugar exports: Bloomberg (Positive)
*Steel Companies:* Indian steel mills have initiated a 2–5 per cent price hike sequentially across the benchmark hot rolled coils (Positive)
*Ashoka:* Company has received Notification of Award (NoA) from North Bihar Power Distribution Company Limited (NBPDCL) for the Project (Positive)
*NBCC:* Company wins three work orders totalling of Rs 541 crore (Positive)
*IGL:* Company has signed a joint venture agreement with Genesis Gas Solution (Positive)
*ZEE Ent:* Company and IPRS have entered into a settlement agreement (Positive)
*Power Grid:* Board approves investment of approx Rs 524 cr for Eastern Region Expansion Scheme. (Positive)
*Vardhman Special:* VSSL join hands with Toyota’s Global Supply Chain to start mass production of steel (Positive)
*Adani Group:* Prepays Rs 7374 Crores ($ 902 Mn) of Share backed financing (Positive)
*HAL/L&T:* Ministry of Defence signs contracts with Hindustan Aeronautics for procurement of 70 HTT-40 trainer aircraft worth over Rs 6,800 cr and with L&T (Positive)
*Lokesh Machine:* Co. has setup a new Division for the manufacture of Defense and Aerospace components at Medchal Hyderabad (Positive)
*Blue Star:* Launches New Range Of Deep Freezers Manufactured At Company’s New Wada Factory (Positive)
*Sun TV:* To consider inter alia, declaration and payment of Interim Dividend on 13th March (Neutral)
*Ujjivan”* To consider the proposal of declaration of interim dividend for the financial year 2022-23 on 10th March (Neutral)
*Bandhan Bank:* Opened of its Mega Currency Chest in Kolkata (Neutral)
*Gail:* To consider the recommendation for payment of Interim Dividend for FY 2022-23 on 13th March (Neutral)
*Sun Pharmaceutical:* The company has completed acquisition of biopharmaceutical company Concert Pharmaceuticals (Neutral)
*SBI Life:* To Consider and Declare Payment of Interim Dividend On Equity Shares (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #india
