India Daybook Stocks in News
*Bajaj Electricals:* Company gets a service order worth Rs 564.20 crore from Power Grid Corporation (Positive)
*KIOCL:* Company to resume operations at Mangalore pellet plant on October 14. (Positive)
*NBCC:* Company gets order worth Rs 80 crore for renovation from Visakhapatnam Port Authority (Positive)
*Indian Bank:* Company partners with subsidiaries of Tata Motors to offer inventory financing solutions through its digital supply-chain finance platform. (Positive)
*Tata Motors:* Company to sell 9.9% stake in Tata Technologies to TPG ahead of IPO (Positive)
*Persistent Systems:* Company appoints Ayon Banerjee as the company’s chief strategy & growth officer w.e.f. October 13, 2023 (Positive)
*Oil Upstream Stocks:* Crude Oil prices jumped by more than 5 percent during Friday. (Positive)
*Mankind Pharma:* Company resumed operation in Sikkim manufacturing facility w.e.f. October 13, 2023: (Positive)
*Laurus Labs:* Company’s associate ImmunoACT gets marketing authorization approval from CDSCO for cancer treatment therapy (Positive)
*Finolex Cables:* NCLAT: Allows Deepak Chhabria to remain chairman of Finolex Cables (Positive)
*MMTC:* GRAVITON RESEARCH CAPITAL bought 1.51 crore shares of company (Positive)
*Intellect:* Company partners with a Premiere Bank in the Philippines for bank-wide Digital Transformation (Positive)
*Skipper:* Manufacturer of Power Transmission and Distribution structures Wins Fresh Orders Worth Rs 588 Crores from domestic and international markets (Positive)
*Apollo Hospitals:* To launch Speciality Boutique Hospital at GK1 in New Delhi – Apollo Cradle Royale (Positive)
*Adani Green:* Hybrid portfolio Capacity Utilisation Factor (CUF) at 45.4% with 880 basis points improvement year-on-year (Positive)
*Dalmia Bharat:* Q2 revenue at Rs 3149.0 cr vs poll Rs 3230.0 cr, Net profit at Rs 124 cr versus Rs 82 cr YoY (Positive)
*Texmaco Rail:* Q2 revenue at Rs 805.0 cr vs Rs 480.0 cr, Net profit at Rs 21.8 cr versus Rs 13.5 cr YoY (Positive)
*Tata Steel Long Products:* Net loss at Rs 135.8 cr vs loss of Rs 333.4 cr, Revenue down 9.4% at Rs 1,734 cr vs Rs 1,913.9 cr YoY (Neutral)
*GTPL Hathway:* Q2 revenue at Rs 780.0 cr vs Rs 650.0 cr, Net profit at Rs 34.2 cr versus Rs 44.9 cr YoY (Neutral)
*Som Distilleries:* Q2 revenue at Rs 247.7 cr vs Rs 146.5 cr, Net profit at Rs 14.9 cr versus Rs 8.2 cr YoY (Neutral)
*Gati:* Sept total volume at 1.09 lk tn, up 8% YoY (From Agencies) (Neutral)
*ICICI Lombard:* Company gets favourable orders for Rs 7.7 crore demand from Tax Authority, Jaipur on October 12, 2023. (Neutral)
*Bajaj Fin:* RBI imposes a monetary penalty of Rs 8.50 lakh on Bajaj Finance for non-compliance with the monitoring of frauds in NBFCs Directions. (Neutral)
*Union Bank:* RBI imposes monetary penalty of Rs 1 crore on Union Bank of India for non-compliance of loans and advances (Neutral)
*Federal Bank:* IFC completes acquisition of additional 7.26 crore shares (Neutral)
*BPCL:* Fitch Ratings affirms BPCL at 'BBB-' with a 'stable' outlook, cites strong government support. (Neutral)
*Indian Oil:* Company approves appointment of Anuj Jain as CFO with effect from October 9. (Neutral)
*Zydus Life:* Company is recalling over 7,000 bottles of Oxybutynin Chloride tablets in the U.S. due to manufacturing issues. (Neutral)
*Transformers and Rectifier:*' Amarendra Kumar Gupta resigns as CFO with effect from October 14, 2023 (Neutral)
*Indian Bank:* Company has reported loans worth Rs 24.8 crore as fraud. (Neutral)
*TCS:* Company fires 19 employees and debars six vendors after concluding resource management investigation. (Neutral)
*M&M:* Income Tax Department has filed an appeal against the order of the Income Tax Tribunal allowing relief to the Company on various disallowances amounting Rs. 432 crores (Neutral)
*NHPC:* Company expects loss/damage of Rs 788 cr caused by flash floods at Teesta basins.
By: via Telegram.me/AlliesFin #StockMarket #india
