India Daybook – Stocks in News
Infosys: Company enters into framework agreement with one of its existing strategic clients to provide AI services. (Positive)
Indian Oil: Inks long term LNG import deals with ADNOC LNG, TotalEnergies (Positive)
RPP Infra Projects: Wins order worth Rs 138 cr in Himachal Pradesh (Positive)
IRCON: Company bags project worth ₹144 cr to commission integrated tunnel communication system (Positive)
Reliance: Jio Financial Services will be included in 19 NSE indices with effect from July 20. (Positive)
Sheela Foam: Company has received approval from the board for the acquisition of foam and coir-based home comfort products maker Kurlon Enterprise (Positive)
Patanjali Foods: GQG Partners has invested over Rs 2,400 crore in Baba Ramdev-led FMCG company Patanjali Foods. (Positive)
ONGC: The company said it aims to produce 8,000 to 10,000 BPD from the east coast block in the second half of the current fiscal. (Positive)
Shriram Finance: The company has fully repaid Rs 2036.30 crore of outstanding senior secured notes (Positive)
Gujarat Fluorochemicals: Gujarat Fluorochemicals FZE, started commercial operations in Dubai. (Positive)
ITI: The company has received accolades from ISRO and the DoT for its significant role in the launch of Chandrayaan-3 (Positive)
Tanfac: Revenue up 27% at Rs 106 crore. Ebitda up 75% at Rs 26.20 crore. (Positive)
IDFC: Company appoints Bipin Gemani as the whole time director and Chief Financial Officer (Neutral)
Tata Elxsi: Net profit up 2.3% at ₹188.9 cr vs ₹185 cr, Revenue up 17.1% at ₹850.3 cr vs ₹725.9 cr (YoY) (Neutral)
Federal Bank: Subsidiary FedFina revives IPO plans via fresh issue, OFS. (Neutral)
Jindal Saw: Cresta Fund has offloaded 25 lakh equity shares or 0.78 percent equity stake (Neutral)
Sotac Pharmaceuticals: Forbes EMF has exited the pharma firm by selling its entire shareholding of 1.81 lakh shares (Neutral)
Satin Creditcare: Nordic Microfinance Initiative Fund III KS has sold a 2.23 percent stake (Neutral)
Amara Raja: Clarios ARBL Holding LP is likely to exit the automotive battery manufacturer via stake sale in a block deal (Neutral)
Indraprastha Gas: The company said it has set up a joint venture with Genesis Gas Solutions with a capex of Rs 110 crore. (Neutral)
Maruti Suzuki: The automaker has added an Acoustic Vehicle Alerting System for the intelligent hybrid variants of its premium sports utility vehicle, the Grand Vitara (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #india
