India Daybook Stocks in News
@AlliesFin
*Bhansali Engineering:* Company gets environmental clearance for expansion of ABS resin up to 200000 TPA (Positive)
*Infosys:* Company to acquire Insemi for Rs 280 cr. FY24 revenue growth guidance is at 1.5-2% Vs poll of 1-2% (Positive)
*TCS:* Management said that strong deal momentum across markets resulting in a solid order book providing visibility into our long-term growth. (Positive)
*Sundram Fasteners:* Company signs MoU with Tamil Nadu Govt for investment of ₹1,411 cr (Positive)
*Tata Power:* Company signs accord for renewable energy projects of Rs 70000 crore with Gujarat government (Positive)
*Quess Corp:* Company signs MoU with Gujarat Technical University for skill development, employment generation (Positive)
*TARC:* Company launches luxury residential project in New Delhi with GDV of Rs 4,000 crore (Positive)
*HG Infra:* Company declared L-1 bidder for project worth Rs 716 crore by Central Railway (Positive)
*Oil upstream stocks:* Oil jumps as US and UK launch airstrikes on Houthis in Yemen (Positive)
*Bajel Projects:* Company has received a LOI worth Rs 487.64 crore for supply of plant and installation services GIS substations project in Uttar Pradesh. (Positive)
*Shalby:* Arm Shalby Academy signs MoU with Kaushalya, the Skill University of Gujarat Government. (Positive)
*GHCL Textiles:* Company signed a MoU with Tamil Nadu Government to invest Rs 535 crore (Positive)
*Bharat Wire Ropes:* Brinker Capital Destinations Trust bought 4.15 lakh shares (Positive)
*KPI Green Energy:* Company received an order for 2 MW solar power plant from Sanwariya Processors (Positive)
*Tata Metaliks:* The National Company Law Tribunal, Mumbai sanctioned the merger of Tata Metaliks with Tata Steel. (Positive)
*IOB:* Bank hikes lending rates on most tenures by 5-10 bps effective January 15, 2023. (Neutral)
*Polycab* Company reiterates that as on date, the company has not received any written communication from the IncomeTax Department regarding the outcome of the search (Neutral)
*Container Corp:* Exim volumes up 8.25% & domestic volumes down 1.25% YoY (Neutral)
*Infosys Q3:* Net Profit at Rs 6106 crore versus poll of Rs 6043 crore, Rupee Revenue at Rs 38821 crore versus poll of Rs 38555 crore (Neutral)
*TCS Q3:* Net Profit at Rs 11058 crore versus poll of Rs 11345 crore, Rupee Revenue at Rs 60583 crore versus poll of Rs 59950 crore (Neutral)
*UltraTech Cement:* Company to acquire 26% stake in Amplus Ages for Rs 49 cr (Neutral)
*Mahindra & Mahindra:* Company's stake in Sustainable Energy Infra Trust diluted to 10.5% from 15.7% earlier. (Neutral)
*Strides Pharma:* Company's step-down subsidiary agrees to sell 100% stake in Eris Pharma for €200,000 (Neutral)
*NYKAA:* Lexdale International to sell shares via block. Block deal for 2.62 crore shares launched. Total block deal value at Rs 490 crores (Neutral)
*Bank Baroda:* RBI waives off penalty worth Rs 5 crore. (Neutral)
*Polycab India:* Small Cap World Fund Inc sold 8.51 lakh shares (0.56%) at Rs 3,955.87 apiece (Neutral)
*LIC:* Company gets demand orders worth Rs 3,528.75 crore form Income Tax Authorities, Mumbai.
By: via Telegram.me/AlliesFin #StockMarket #Bharat
