India Daybook Stocks in News
@AlliesFin
Tata Elxsi: Company partners with RedHat to work on 5G connected car using former's CVP platform TETHER. (Positive)
Suven Pharma: Company signs definitive agreement to acquire 100% eq shrs in Hyderabad-based Sapala Organics. (Positive)
Wipro: Company to launch on-premise GenAI solution with Hewlett Packard Enterprise. (Positive)
MosChip Tech: MeitY approves Design Linked Incentive application for development of a smart energy meter IC for India & overseas markets (Positive)
Atul Auto: Company Says Has Incorporated A New Subsidiary Company By Name Atulease Pvt Ltd, subsidiary Company Was Incorporated On June 12, 2024. (Positive)
RITES: Company DMRC in accord for exploring O&M of metro rail systems (Positive)
Electro steel Castings: Company to set up iron pipes plant in Odisha. (Positive)
Shipping Corp: NITI Aayog gives in-principle approval for formation of wholly-owned subsidiary of Shipping Corp in GIFT City (Positive)
Advaith Infratech: Company has received an order worth Rs. 27.87 Crores from GETCO (Positive)
Thomas Cook: CRISIL Ratings has upgraded its outlook on the bank loan facilities and corporate credit rating. (Positive)
JK TYRE: CARE Ratings has upgraded long term rating for bank facilities of the company to CARE AA- from CARE A+. (Positive)
Signature Global: Company to buy 3.81 acre land in Gurugram (Positive)
ICICI Lombard: May Premium up 22%, Market Share (Up To May 2024 YoY) +60 BPS (Positive)
Go Digit: May Premium up 36%, Market Share (Up To May 2024 YoY) +11 BPS (Positive)
Star Health: May Premium +16% (YoY), Premium Up To May +19% (YoY) (Positive)
Brigade: Company expects its FY-25 residential launches to see an average pricing of ₹10,000/sqft. (Positive)
Ambuja Cement: Company to acquire 100% stake in Penna Cement Industries for ₹10,422 crore (Positive)
Havells: Company has announced plans to expand AC manufacturing capacities at Ghiloth and Sricity locations to 15 lakh units per year each (Positive)
NALCO: Company has signed Pottangi Bauxite Mining Lease Deed with the Odisha government for 697.979 hectares (Positive)
NBFC Companies: Sales of listed private non-financial companies registered a growth of 6.9% in the fourth quarter of 2023–24 compared to a 5.5% rise in the previous quarter (Positive)
Dixon/Kaynes: Ministry of Electronics and Information Technology plans 100-Day Agenda to invest in Rs 30,000-cr electronic component scheme with capital subsidy (Positive)
NITCO: Board approves monetization of immovable property in Mumbai and conveyance deed worth ₹232 cr with Runwal Construction (Positive)
L&T FH: Morgan Stanley, Larsen & Toubro and Mirae AMC buy stake in L&T Finance (Positive)
Dr Reddy’s Lab: LIC increases its stake in Dr Reddy’s from 4.95% to 5.01% (Neutral)
Puravankara: Board approves raising funds up to ₹1,000 crore via QIP. (Neutral)
Kalpataru Projects: Company raises Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)
Exxaro Tiles: Company to temporarily shut down unit 1 plant for 4 weeks from June 14 due to maintenance. (Neutral)
SEPC: Company to consider fund-raising on June 19. (Neutral)
Jaypee Infratech: Company will delist its equity shares after being acquired by Suraksha Realty. (Neutral)
Pakka: Company approved Raising of Funds Upton Rupees 225 Cr via QIP. (Neutral)
L&T FH: Bain Capital, Other Funds to sell 1530 cr worth shares, Deal is likely in block window since the discount is only 1% to market price (Neutral)
NIACL: May Premium -1% (YoY), Market Share (Up To May 2024 YoY) -192 BPS (Neutral)
Suzlon: Appoints Khaitan & Co. to conduct a review of its corporate governance practices, identify any gaps in the existing practices and ways to strengthen them (Neutral)
Vodafone Idea: Company to pare debt by issuing preferential shares worth ₹2,458 crore to Nokia, Ericsson (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
