India Daybook – Stocks in News
*NTPC* Green Energy IPO: NTPC subsidiary plans to go public this fiscal (Positive)
*Ugar Sugar:* Operations of 250 KLPD Grain-Based Distillery at Ugar Plant have been started by the company (Positive)
*Triveni Turbine:* ICRA upgraded for the credit rating of Fund Based working capital limits (Positive)
*Seamec:* Seamec paladin has been on hired with effect from 13th April, 2023 for ONGC contract for a long term period of 5 years (Positive)
*KIOCL:* NMET, Ministry of Mines, Govt. of India has approved the Mineral Exploration Projects to be executed by the Company (Positive)
*TVS Shrichakra:* Launched adventure touring tyres and superbike tyres (Positive)
*Prime Focus:* DNEG Enters into MOU to Acquire Prime focus technologies’ Business (Positive)
*Elin:* Board Approves Launch Of New Fans, Motor and Juicer Grinders in FY’24 (Positive)
*Zydus Life:* Company gets final US FDA nod for isoproterenol hydrochloride injection (Positive)
*PCBL:* Company announces the commencement of commercial production of 63,000 MT Greenfield carbon black manufacturing facility in Tamil Nadu. (Positive)
*BPCL:* Company received approval from Madhya Pradesh Govt for refinery expansion (Positive)
*Jindal Stainless:* ELM Park Fund acquires additional 3.45 Crore Shares or 4.19% stake from Open Market (Positive)
*Tata Motors:* Company to increase prices of Passenger Vehicles from May 1 by 0.6% (Positive)
*Muthoot Finance:* Company completes pre-payment of External Commercial Borrowings of $225 million (Positive)
*Adani Green:* Company’s operational capacity up by 49% at 8,086 MW (Positive)
*Consumer Durables:* Temperature is 3-5°C above normal over parts of North India, West Bengal, Odisha, Andhra Pardesh, Kerala (Positive)
*TVS Motor:* Company completed their acquisition of the 25% stake in Killwatt GmbH (Neutral)
*Gujarat Gas:* Company has informed the Exchange regarding the appointment of Milind Torawane as MD (Neutral)
*City Union Bank: Launches voice biometric for mobile banking (Neutral)
*Torrent Power:* Lalit Malik steps down as CFO, board picks Saurabh Mashruwala as replacement (Neutral)
*Tata Metaliks:* Reschedules board meeting date from April 14, 2023. (Neutral)
*Tinplate:* Reschedules board meeting date from April 14, 2023. (Neutral)
*Network 18:* Viacom18 completes partnership deal with Reliance, Bodhi Tree Systems & Paramount Global. (Neutral)
*Vatech:* Sells Step Down Subsidiary Wabag Switzerland for CHF 4.85 Million (Neutral)
*State Bank of India:* Bank keeps lending rates unchanged across tenures (Neutral)
*HDFC Bank Q4:* Net Profit seen at Rs 12047.5 cr versus expectations of Rs 12152 cr, NII seen at Rs 23351 cr versus expectations of Rs 23629 crore (Neutral)
*Vedanta:* Company in talks with Barclays to raise Rs 1,500cr loan. (Neutral)
*Max Health:* SBI Mutual Fund Sold 1.75 Crore Shares or 1.81% stake via Open Market Sale (Neutral)
*Zee Ent:* Oppenheimer to sell 5.65% stake in Zee Ent via Block Deals: Sources
*Infosys:* Net profit at Rs 6,128 cr Vs poll of Rs 6,553 cr, Constant currency revenue declines 3.2% vs CNBC-TV18 poll of 0.4-0.45% growth
*GTPL Hathway:* Cons net loss at Rs 11.7 cr vs profit of 54.4 cr, Cons revenue up 12.2% at Rs 692.4 cr vs Rs 617.2 cr (YoY)
*HCL tech:* Anand Birje, Head of Digital Business Services has decided to leave company to pursue another opportunity
By: via Telegram.me/AlliesFin #StockMarket #india
