India Daybook Stocks in News
*PCBL:* Company has been granted two patents for invention, from the Indian Patent Office (Positive)
*Pricol:* Company has entered into a cooperation agreement with Heilongjiang Tianyouwei Electronics. (Positive)
*Indusind Bank:* RBI allows SBI Mutual Fund to acquire 9.99% of paid-up share capital in Bank. (Positive)
*Aster DM:* PE firms BPEA EQT & OTPP eye Aster DM assets including India biz: Sources to Bloomberg. (Positive)
*Cipla:* Gets EIR from US FDA as Voluntary Action Indicated (VAI) for its manufacturing facility in Long Island, NY, USA (Positive)
*Maruti Suzuki:* Company commences export of India-manufactured Jimny 5-door. (Positive)
*RVNL:* Company emerged lowest bidder of northeast frontier railway project worth Rs 28.73 Cr (Positive)
*EMS:* Company gets contract worth Rs 270.8 Cr from office of Municipal Corporation, Jaipur (Positive)
*Sula Vineyards:* Q2 own brand business grew by 14 percent YoY. (Positive)
*Aurobindo Pharma:* Unit in talks with Merck Sharp & Dohme; signs a limited letter of intent for CMO (Positive)
*Bajaj Hindusthan:* NCLAT set aside CCI's 2018 order (From Agencies). (Positive)
*Shakti Pumps:* Company to invest Rs 114 Cr in its Subsidiary Shakti EV Mobility. (Neutral)
*Suzlon Energy:* Company announces conversion of 16 lakh partly paid-up to fully paid-up equity shares (Neutral)
*Grasim:* Company to consider raising funds on Oct 16. (Neutral)
*Medplus:* Board approves fund raising up to Rs 1,200 Cr via NCDs and warrants (Neutral)
*Adani Enterprises:* Raises ₹700 crore via NCDs on private placement basis (Neutral)
*TCS:* Revenue seen at Rs 59,692 crore versus Rs 60196 crore, EBIT seen at Rs 14,483 crore versus Rs 14,353crore (Neutral)
*Bharti Airtel:* Bharti Life Ventures in pact with JV partner AXA to acquire AXA’s 49% stake in Bharti AXA Life Insurance (Neutral)
*Delta Corp:* Company has reported profit at Rs 69.44 crore, up 1.74 percent YoY.
*Patanjali:* Edible Oil segment faced ongoing pricing pressure during Q2 due to excessive Imports
*Vedanta:* Company's credit rating gets downgrade by India Ratings with negative outlook
*Zaggle Prepaid:* Revenue up 33.7% YoY; PAT down 67.4% YoY.
By: via Telegram.me/AlliesFin #StockMarket #india
