india Daybook – Stocks in News
Power Stocks: India's daily peak power demand touches a new high of 222.9 gigawatts. (Positive)
SBI Life Insurance: May premium up 58% (YoY); Retail APE up 8% (YoY) (Positive)
HDFC Life Insurance: May premium up 26% (YoY); Retail APE up 10% (YoY) (Positive)
IndiGo: Company expands codeshare partnership with Turkish Airlines for US (Positive)
Indoco Remedies: Company receives EU GMP certification for its Himachal Pradesh manufacturing facility (Positive)
Greenlam Industries: Commences commercial production at TN plant (Positive)
Cochin Shipyard: Company receives order for MR/Mid-Life upgrade of Indian Naval Ship (Positive)
Avantel: Company has signed a contract worth of Rs.54.38 Crores dated June 9, 2023 with Ministry of Defence. (Positive)
JWL: NCLT approves Jupiter Wagons' resolution plan to acquire controlling stake in Stone India Limited (Positive)
TVS Motor: Company acquires additional 25% in Swiss E-Mobility Group to make it a wholly owned subsidiary. (Positive)
EaseMyTrip: Company becomes the official travel partner at the World Padel League 2023 (Positive)
Zydus Life: Company has received the final USFDA approval for a drug to treat stomach ulcers. (Positive)
Birla Corp: Societe Generale bought 3.99 lakh shares in the company. (Positive)
Info Edge: Company has agreed to sell its entire shareholding in associate company Happily Unmarried Marketing (HUM) to VLCC Health Care (Positive)
Allcargo: company announced that it has completed the acquisition of a 30 percent stake or 1.5 lakh equity shares of GKEPL for a total of Rs 406.7 crore. (Positive)
Vedanta: Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa (Positive)
SAIL: Life Insurance Corporation of India acquired additional 2 percent stake in the steel company (Positive)
Brightcom: The company sees the profit at Rs 1,659.1 –1,744.2 crore for the financial year FY24 (Positive)
Maha Seamless: Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately (Positive)
Ambalal Sarabhai: Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara (Positive)
Tata Motors: HSBC India partners with company for a corporate employee financing solution to accelerate the adoption of zero emission electric vehicles (Neutral)
Max Life Insurance: May premium up 16% (YoY); Retail APE up 2% (YoY) (Neutral)
IndusInd Bank: Expands network with Inauguration of 15th Branch in Nagpur (Neutral)
GHCL: Mechanical breakdown incident in soda ash plant, however issue has resolved (Neutral)
Karur Vysya Bank: Revises Base Rate and Benchmark Prime Lending Rate (Neutral)
Spandana Sphoorthy: Company has approved issuance of NCDs worth up to Rs 125 crore. (Neutral)
IEX: Mr Harsh Jain bought 52.95 lakh shares of company (Neutral)
Kotak Mahindra Bank: Canada Pension Fund sold 3.3 cr shares of Company (Neutral)
SBIN: Bank has received board approval to raise up to Rs 50,000 crore through debt instruments in the current financial year (Neutral)
Shalby: Academy, the healthcare education division of Shalby Ltd, made its partnership with P P Savani University in Surat (Neutral)
ICICI Prudential Life: May premium down 19% (YoY); 2M FY24 premium down 18% (YoY)
ITI: Acuite has downgraded the credit ratings of the company
Go Fashion: Sequoia Capital to sell up to 10.18% stake in Go Fashion at Rs 1,135/share via block deal: Media sources
By: via Telegram.me/AlliesFin #StockMarket #india
