India Daybook – Stocks in News
M&M: Company & NXP signs MoU to drive next-generation smart electric mobility (Positive)
Lupin: Company receives US FDA approval for its ANDA Chlorpromazine Hydrochloride Tablets USP that used to treat symptoms of certain types of mental illness (Positive)
Nestle: Company receives in-principal approval from the IPICOL for setting up a food processing unit (Positive)
Just Dial: Company reported a profit of Rs 83.4 crore against a loss of Rs 48.4 crore (Positive)
Suzlon: The company has secured an order for the development of a 100.8 MW wind power project for Everrenew Energy. (Positive)
Power Grid: Board approves implementation of advanced metering infra projects worth Rs 4,067.3 crore (Positive)
HAL: Shareholder agreement between HAL and Safran for engine development for Indian Multi Role Helicopters. (Positive)
Archean Chemical: The company's Managing Director and Promoter Ranjit Pendurthi has acquired 16.08 lakh equity shares. (Positive)
Garden Reach Shipbuilders: Signs MoU with Naval Group of France to collaborate on surface ships. (Positive)
Aarti Drugs: The Board of Aarti Drugs will meet on July 21 to consider and approve a proposal of share buyback. (Positive)
Ircon International: The company has commissioned the first phase upgradation work of railway line from Maho to Omanthai Track Rehabilitation Project from Sri Lanka Railways (Positive)
Tata Steel Long Products: Revenue from operations rose 21.6% to Rs 3,668.24 crore vs Rs 3,015.81 crore. Net loss narrowed to Rs 254.18 crore vs Rs 523.88 crore. (Positive)
Som Distilleries: The company will consider and approve, on Aug. 5, to issue of up to 2.5 lakh equity shares on a preferential and private placement basis to an identified non-promoter entity (Positive)
JK Lakshmi: The company has made an additional investment in subsidiary company through equity subscription by rights issue (Neutral)
SBI: Bank hikes lending rates by 5 bps across tenures (Neutral)
Devyani: The NCLT has approved the merger scheme of units Devyani Food Street Private and Devyani Airport Services (Mumbai) with Devyani International. (Neutral)
JSW Energy: Net Profit down 48.3% at Rs 289.9 cr vs Rs 560 cr, Revenue down 3.3% at Rs 2,927 cr vs Rs 3,026.3 cr (YoY) (Neutral)
GTPL: Net profit down 17.1% at Rs 35.9 cr vs Rs 43.3 cr, Revenue up 22.7% at Rs 774.4 cr vs Rs 630.9 cr (YoY). (Neutral)
CCL Products: Net Profit up 15.2% at Rs 60.7 cr vs Rs 53 cr, Revenue up 28.6% at Rs 654.9 cr vs Rs 509.3 cr (YoY). (Neutral)
VST Industries: Revenue up 7.5% at Rs 333 crore Vs Rs 310 crore EBITDA fell 14% at Rs 105.35 crore Vs Rs 121.93 crore (Neutral)
DMart:* Q1 revenue at Rs 11,865 cr vs estimates Rs 11,800 cr, Profit at Rs 659.0 cr vs estimates Rs 750.0 cr (Neutral)
Oil upstream stocks: Windfall tax on crude petroleum is raised to Rs 1600/tonne from nil effective July 15 (Neutral)
Rallis: Revenue from operations fell 9% to Rs 782 crore vs Rs 863 crore. Ebitda slipped 3% to Rs 110 crore vs Rs 113 crore (Neutral)
SBI Cards: Seema Kapahi resigns as Chief People Officer of the company w.e.f. July 14, 2023
Metropolis: Revenue from operations marginally negative year-on-year mainly due to Covid-19 and B2G contract in-sourced by the government.
JITF Infralogistics: Cresta Funds sold 1.65 lakh shares
Rama Steel Tubes: Bharatbhai Ravatbhai Khachar sold 25 lakh shares
Satin Credit Network: SBI Emerging Asia Financial Sector Fund sold 18.9 lakh shares
By: via Telegram.me/AlliesFin #StockMarket #india
