India Daybook Stocks in News
*GE Power:* Jaiprakash Power awards contracts for two projects worth Rs 774.9 crore to company (Positive)
*KEC International:* Company gets new orders worth 816 cr across various businesses. (Positive)
*RK Forge:* Company has started commercial production of 4,500 MT of ENOMOTO 630 Tonnes Press Line and 13,750 MT of Maxi Press 6,000 Tonnes Press Line (Positive)
*Man Ind:* Company has obtained CE certification for cold formed welded structural hollow sections of non-alloy & fine grain steels. (Positive)
*Brigade Ent:* Company signs a joint development agreement for an office space in Whitefield, Bengaluru. (Positive)
*Schneider Electric:* Company undertakes investment plan of Rs 3,500 crore to expand capacity in India and cater to growing power demand. (Positive)
*Vedanta:* Company expands alumina refining capacity to 3.5 MTPA. (Positive)
*L&T Finance:* Retail loan book growth at 31 percent and disbursement growth at 33 percent (Positive)
*Sarvoday:* Advances up 14% QoQ & vs 41% YoY, Disbursements up 31% QoQ & vs 39% YoY. (Positive)
*Punjab & Sind Bank:* Appoints Arnab Goswamy as CFO of the bank for 3 years (Positive)
*DMart:* Q4 standalone revenue from operations at Rs 12,393.5 crore, up 19.9% year-on-year. (Positive)
*Gufic Biosciences:* Company incorporates a wholly-owned subsidiary ‘Veira Life FZE’ in Dubai, UAE. (Positive)
*Som Distilleries:* Board approves stock split in the ratio of 5:2 (Positive)
*Vodafone Idea:* Company's investors approve its plans to raise up to Rs 20,000 crore through issuance of securities. (Positive)
*Union Bank:* DIFC Dubai branch takes syndicate term loan of up to $500 m including $100 m green shoe. (Positive)
*E Mart:* Commenced the commercial operations of a new Multi Brand Specialized Store under the brand name ‘AUDIO & BEYOND’ in Delhi’s Rajouri Garden (Positive)
*Royal Orchid:* Pact for running and operating HOTEL MASA having 300 Keys and its revenue shall come in the consolidated accounts of the Royal Orchid. (Positive)
*Thomas Cook:* Foreign Exchange targets high growth Gujarat market; has inaugurated a new branch in the high potential market of Bhuj (Positive)
*Indiabulls Housing:* Company raises $350 million through overseas bond issue (Neutral)
*Bharat Forge:* Company approves re-appointment of Amit Kalyani as Vice-Chairman and Joint MD for 5 years effective May 11. (Neutral)
*AsterDM Healthcare:* Company concludes segregation of GCC business via sale of unit. (Neutral)
*JSL:* Company has divested 4.87% equity stake in Jindal Coke Limited and acquired 30% stake in Iberjindal S.L. a subsidiary in Spain. (Neutral)
*Federal Bank:* Gross advances at Rs 2.13 lk cr as on March 31, up 5.1% QoQ (Neutral)
*Tech Mahindra:* Company in collaboration with AVEVA establishes a Centre of Excellence at its Pune campus (Neutral)
*Anup Eng:* Company has fixed the record date on 23rd April for Bonus Issue. (Neutral)
*RBL Bank:* Deposits up 22% YoY & up 12% QoQ Advances up 19% YoY & 5% QoQ (Neutral)
*Blue Star:* JV partner WJ Towell claiming Rs 224cr in arbitration proceedings (Neutral)
*M&M Financial:* Company gets tax demand worth Rs 7.8 crore from Uttar Pradesh tax authorities: Exchange filing. (Neutral)
*Bajaj Finance:* Company invests Rs 2,000 crore in Bajaj Housing Finance via rights issue (Neutral)
*Poonawalla:* Company approves raising up to Rs 450 crore via NCDs (Neutral)
*Oil upstream stocks:* Windfall Tax on Crude hiked to ₹6,800/tonnes from ₹4,900/tonne (Neutral)
*GM Breweries:* Board meeting today to consider Bonus Issue of Shares and Q4 Results. (Neutral)
*Vedanta:* Board meeting today to consider Fund Raising via NCDs. (Neutral)
*Kamdhenu:* Board of Directors have approved the sub-division/ split of equity shares of the Company. (Neutral)
*Page Ind:* Company had received a demand order from the Commissioner of Customs, Bangalore on the Company amounting to Rs. 86.2 Crores.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
