India Daybook Stocks in News
T.me/AlliesFin
*Sarda Energy:* Company gets contract worth ₹150 crore for installation of 50 MW DC solar power plant in Chhattisgarh (Positive)
*Pidilite:* Company forms partnership with Italy-based Syn-Bios, known for R&D and global marketing in the leather tanning industry (Positive)
*Aster DM:* Shareholder Might Get 100-120/Sh Dividend”: Media Sources (Positive)
*RVNL:* Company emerges as lowest bidder for Rs 251 crore power transmission project in Madhya Pradesh (Positive)
*Usha Martin:* Thailand-based arm to acquire 50% stake in Tesac Usha Wirerope Company for Baht 74.45 mn. (Positive)
*Fedbank Financial Services:* Total income at Rs 429.45 crore, up 34.67% year-on-year (Positive)
*HPL Electric:* Company gets Rs 240 crore order for smart meters from AMISP clients (Positive)
*Hind Copper/NALCO:* India’s KABIL & Argentina’s CAMYEN SE sign agreement for exploration & mining of Lithium. (Positive)
*PNC Infratech:* Company to sell 12 road assets to Highways Infrastructure Trust for ₹9,005.7 crore (Positive)
*BLS International:* Company’s Arm BLS International FZE, UAE, signs definitive agreement to acquire 100% stake in iData (Positive)
*Oil Upstream stocks: India cuts Windfall Tax on CrudeOil. (Positive)
*Jai Balaji:* Company announced 740% rise in net profit for the third quarter ended December 2023. (Positive)
*Power stocks:* Investment of Rs 17.05 lakh crore is in the pipeline in power and renewable energy sector, says Union minister R K Singh (Positive)
*Capri Global Capital:* Company is set to develop an insurance platform to maximize its Corporate Agency License from IRDAI. (Positive)
*Vedanta:* Company, VRF II, Citicorp, Axis trustee sign amended deed. S&P Global Ratings has raised long-term issuer credit rating on Vedanta Resources (Positive)
*Shakti Pumps:* Company to consider fund raising via QIPs on January 18, 2024 (Neutral)
*DCX Systems:* Company launches QIP to raise up ₹500 cr, indicative issue price at ₹341/sh, 4.8% discount to SEBI floor price (Neutral)
*Jio FIn:* Net Profit at Rs 293.0 crore versus Rs 668.18 crore, Interest Income at Rs 269.0 crore versus Rs 186.0 crore QoQ (Neutral)
*Bank of Baroda:* Introduces new deposit scheme with interest rates ranging from 7.1-7.6% per annum. (Neutral)
*Adani Ent:* Adani Group will offer eligible residents of Dharavi new flats measuring 350 square feet, a 17% extra space (Neutral)
*Shriram Finance:* Fitch assigns 'BB' rating to company's proposed U.S. dollar-denominated senior secured bonds (Neutral)
*Housing Finance Company:* RBI proposes tighter norms for accepting public deposits by housing finance companies
By: via Telegram.me/AlliesFin #StockMarket #Bharat
