India Daybook – Stocks in News
Ramco Systems: Inaugurates office in Qatar to support digital transformation initiatives across the region (Positive)
BEML: India to soon proceed with financial bids for selling 26% in #BEML (Positive)
Zydus Life: US FDA issues nil observations to company’s animal health drug manufacturing facility at SEZ, Ahmedabad (Positive)
SBI Life: Company to absorb Sahara India Life Insurance (Positive)
Greaves Ind: Promoter bought 1 lakh shares in the company (Positive)
Mahindra Life spaces: OMRON Healthcare to start operations in Chennai in March 2025 (Positive)
Biocon: US FDA concluded inspection of Oral Solid Dosage formulations manufacturing facility at Bengaluru with no observations (Positive)
Lupin: Company launches Darunavir Tablets in the United States (Positive)
Crisil has upgraded the Bank's rating for Tier-II bonds amounting to Rs 5,000 crore. (Positive)
Wonderla: The Tamil Nadu government has granted a waiver of local body tax (LBT) of 10 percent to its Chennai project for 10 years (Positive)
Tata Chemicals: The company has signed a MoU with the Government of Gujarat to set up a 20 GW capacity lithium-ion cell manufacturing giga factory (Positive)
NTPC: IOC to source power from JV with the company (Positive)
Hero MotoCorp: Company hikes e-scooter price by Rs 6000 (Positive)
Bharat Forge/RK Forge: May North America Class 8 truck orders are up 10% YoY & 29% MoM at 15,500 units (Positive)
Brigade: Company to launch 10 housing projects in FY24 (Positive)
IOB: Reserve Bank of India imposes Rs 2.20 cr monetary penalty on Indian Overseas Bank (Neutral)
Minda Corp: Board approves raising upto Rs 600 cr via securities (Neutral)
PIIND: Company acquired 100% shareholding of Therachem Research Medilab (India) Private Limited (Neutral)
Godrej Prop: Company has increased its stake in equity share capital of Godrej Home Constructions Limited (Neutral)
Tata Chem: CRISIL has reaffirmed its credit rating of CRISIL A1+ issued by it for Company’s Commercial Paper (Neutral)
Hero Motocorp: Company launched a new range of its 100cc motorcycle – the HF Deluxe (Neutral)
Tech Mahindra: Company’s step down subsidiary has agreed to sell 0.04% and 99.96 % shareholding in Comviva Technologies do Brasil. (Neutral)
Wipro: The company has fixed June 16, 2023 as the record date for determining the eligiblity for the buyback offer (Neutral)
Dynamic Cables: RISIL has reaffirmed the credit ratings assigned to the Bank facilities of the Company (Neutral)
Muthoot Capital: The Board of Muthoot Capital will consider a fundraising proposal through issuance of NCDs on June 7 (Neutral)
HIL: Company has declared lockout of its Chennai plant
Jtekt India: Malabar India Fund sold 22.05 lakh equity shares, or a 0.9 percent stake
Lyka Labs: Quant Mutual Fund-Quant Small Cap Fund sold 1.5 lakh shares in the pharma company
Speciality Restaurants: Promoter Anjan Chatterjee has offloaded 5 lakh shares, or a 1.06 percent stake
Ceinsys Tech: Alternate investment fund Zodius Technology Fund has been offloading its stake in the company since May
Indoco Remedies: Facility had four observations in Form 483 and classified as OAI Official Action Indicated
By: via Telegram.me/AlliesFin #StockMarket #india
