Thursday 27 June 2024

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

India Daybook – Stocks in News

@AlliesFin

Ramky Infra: Company receipt two award totaling Rs 131.19 Crores from Power Grid. (Positive)

ITD Cementation: Company wins ₹1,080 cr marine contract (Positive)

KEC International: Company gets new orders worth Rs 1,025 crore for its T&D and cables business (Positive)

Sona Coms: Company gets certification for traction motor for electric two-wheelers under PLI-Auto scheme. (Positive)

SJVN: SJVN Green Energy signs MoU with AM Green Ammonia India. (Positive)

RVNL: Company gets letter of acceptance (LoA) for project worth ₹156.47 crore from Southern Railway (Positive)

PI INDUSTRIES: Company says acquisition of plant health care plc through pi industries management consultancies, cost of acquisition £32.78m (Positive)

UPL: Company incorporates new subsidiary in Mauritius to carry out agro-chemicals business in the country: Exchange filing (Positive)

Union Bank of India: SANY India teams up with Bank to offer financing solutions. (Positive)

JSW Energy: Company signs PPA for 1325 MW renewable projects. (Positive)

Bajaj Finance: Company looks at entering postpaid loan business by September. (Positive)

Supreme Ind: Company received letter of acceptance from Indian Oil Corporation for project worth Rs 55 crore (Positive)

Godrej Ind: Company gets letter Jointly from Promoters That Realignment Pursuant to Family Settlement Agreement Expected to be Completed in July (Positive)

Borosil: Company will be debt-free after ₹150 crore QIP, says CEO (Positive)

Bharti Airtel: Company has acquired 97 MHz spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands for a total consideration of ₹6,857 crore (Positive)

Reliance Ind: JIO bought airwaves worth 9.74b rupees at telecom spectrum auction (Neutral)

Vodafone Idea: Company bought airwaves worth 35.1b rupees at telecom spectrum auction. (Neutral)

PTC India Finance: Company's board appoints R Balaji as MD & CEO following RBI approval. (Neutral)

AU Small Finance: Board will consider the proposal of raising funds by issue of equity shares. (Neutral)

Yes Bank: Company layoffs Lender cuts jobs as part of restructuring drive to reduce costs (Neutral)

Jubilant Ingrevia: Company appoints Varun Gupta as CFO of the company w.e.f. August 12, 2024. (Neutral)

Tata Communications: Company transfers it's identified new edged digital services business to unit Novamesh effective April 1. (Neutral)

SBI: Bank has raised Rs 10,000 crore through its fifth infrastructure bond issuance. (Neutral)

Paras: Company has appointed retired Indian Administrative Service officer UP Singh as an Independent Director on its Board. (Neutral)

Zee ENT: SEBI concedes to the writ petition filed by Subhash Chandra (Neutral)

Dr Reddy’s: Company’s Switzerland subsidiary to acquire North Star Switzerland and related portfolio from Haleon. (Neutral)

InoxGreen: Company to raise Rs 1,050 crore via preferential issue of shares. (Neutral)

* India Cements:* Company will be excluded from F&O segment after August series (Neutral)

CSB Bank: FIH Mauritius likely to sell 9.72% stake in CSB Bank via block deal, sets floor price at ₹352.4/share, sources to CNBC. (Neutral)

Ganesha Ecosphere: Company makes investment of Rs 100 crore in wholly-owned unit Ganesha Ecopet. (Neutral)

L&T: Company's engineering, procurement, and construction company is facing a deficit of 25,000–30,000 workers.

Patanjali Food: Baba Ramdev and Acharya Balkrishna got notice from Kozhikode court over advertisements relating to ayurvedic medicines of Divya Pharmacy.

Archean Chemicals: India Resurgence Fund – Scheme 1 & Scheme 2 & Piramal Natural Resources likely to sell 10.13% equity of company, sources to CNBC-TV18.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*Fund Houses Recommendations* Macquarie on *JSW Steel:* Upgrade to Outperform on Company, raise target price at Rs 1077/Sh from Rs 884/Sh...