Monday 3 June 2024

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

Bharat India Daybook Stocks in News

@AlliesFin

Ahluwalia Contracts: Company secured 2 Project worth of Rs. 2245 Cr (Positive)

Canara Bank: Approves initiating the process to dilute 14.5% stake in Canara HSBC Life Insurance through its IPO. (Positive)

Welspun Corp: Saudi Arabia-based associate company EastPipes signs off contract worth Rs 3,670 crore with Aramco (Positive)

IRB Infra/PNC Infra: NHAI hikes tolls across highways by 5% (Positive)

MosChip Technologies: Company gets contract worth ₹509.37 crore from Centre for Development of Advanced Computing (CDAC) (Positive)

Ashoka Buildcon: Company has emerged as lowest bidder for the two projects worth 2151cr rupees (Positive)

Purvankara: Company inform about acquisition of 12.75-acre land parcel in thane, with a potential GDV of Rs. 4,000 crores by PURVA OAK pvt. ltd., a wholly-owned subsidiary of company (Positive)

Atul Auto: Company total sales at 4,023 units vs 1,816 units (YoY) (Positive)

Coal India: Company May Production Up 7.5% At 64.5 mt Vs 59.9 mt (YoY) (Positive)

Waaree Renewable: Company Received LOA for EPC Works for Solar power project of 26.4 MWp capacity on turnkey basis. (Positive)

Eicher Motors: Company forays into small commercial vehicles segment (Positive)

Dairy Stocks: Milk price hiked by Rs 2/litre across all variants with effect from June 3 (Positive)

Mahindra & Mahindra: Company total auto sales grew 16.7% at 71,682 unit’s vs 61,415 units (YoY) (Positive)

Vertoz Advertising: Company Approved Split of Equity Shares in 10:1 Ratio (Positive)

Bajaj Group: Company Said to plan filing papers for housing finance unit IPO (Positive)

Aurobindo Pharma: Company’s arm executes master service pact with Merck Sharpe. (Positive)

Cochin Shipyard: Company unit gets order in the range of Rs 100-250 crore from Adani Harbor Services unit. (Positive)

Raj Rayon: Company says CAPEX will expand the POY from 225 TPD to 600 TPD and DTY capacity from 100 TPD to 400 TPD (Positive)

Poonawala: Company achieves significant milestone of GNPA below 1% and NNPA below 0.5% as on 31st May 2024 (Positive)

Adani Ports: Company arm signs 30-year concession pact with Tanzania Ports Authority for container terminal. (Positive)

PVR INOX: Company reopens renovated Mumbai’s heritage Lido Cinema after three decades. (Positive)

PNC Infra: Company Unit Gets One-Time Settlement Amount worth Rs 391 Crore from NHAI. (Positive)

MOIL: Company Hikes prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above 35% on the prevailing prices since May 1, 2024, w.e.f. June 1, 2024 (Positive)

Lokesh Machines: Company Gets Order worth 42.6m Rupees from Northern Command, Indian Army (Positive)

NTPC: Company Says 2nd And Last Part Capacity Of 33 Mw Out Of 90 Mw Anta Solar Pv Project Declared On Commercial Operation (Positive)

Deepak Nitrite: Company Unit Entered Into Share Purchase Agreement with Shareholders of Narmada Thermal Power Deal for 616.5m Rupees (Positive)

ICICI Pru: IRDAI approves appointment of Sandeep Batra as Chairman of the Board Of Directors of the company (Positive)

Eicher Motors: Company total motorcycle sales at 71,010 units, down 8% year-on-year. (Neutral)

TVS Motor: Company’s total sales in May at 3.70 lakh units, up 12% year-on-year. (Neutral)

NOCIL: Company Is Investing Rs 250 Cr to Expand Rubber Chemical Capacities at Its Dahej Site (Neutral)

REC: Company board approves appointment of Harsh Baweja as director of finance and CFO. (Neutral)

Canara Bank: Bank approved Capital Raising Plan Up to 85B Rupees for FY 2024-25. (Neutral)

REC: Company approves raising up to Rs 1.45 lakh crore via bonds. (Neutral)

Inox Wind: Company’s board approves raising up to Rs 1,000 crore via NCPRPS. (Neutral)

Maruti Suzuki: Company reduces price of AGS variants across models by Rs 5,000. (Neutral)

Aditya Birla Capital: Company Unit Informed Co about Proposed Investment of Up to 5b Rupees in Equity Shares of IDFC First Bank. (Neutral)
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...