Wednesday 10 July 2024

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

India Daybook Stocks in News

RVNL: Company emerges lowest bidder for a project worth ₹202.87 crore of South Eastern Railway. (Positive)

Shilpa Medicare: Company unit's Raichur API facility in Karnataka clears GMP inspection conducted by Brazil regulatory agency (Positive)

Infosys: Company in 5-year deal with Sector Alarm to develop financial and business operating models. (Positive)

KDDL: Approval of Buyback through “Tender offer” route at Rs 3700/Sh (Positive)

Waaree Renewable: Company secures 412.5 MW solar project in Rajasthan (Positive)

KIMS: Company has executed a Share Purchase agreement to acquire 100% Equity Stake in Chalasani Hospitals private Limited (Positive)

Ascensive Educare: Company entered into pacts with blue dart express, Delhivery, pact for recruitment and payroll management (Positive)

Advait Infratech: Company wins order worth 73cr rupees (Positive)

BPCL/IOC: Russia has offered the scheme reduction of transaction fees on the oil imports (Positive)

BLS International: Acquired 100% stake in idata, turkey based visa and consular service provider by BLS International Holding Anonim Sirketi, Turkey. (Positive)

RS Soft: Q1 Sl Net Profit 30m Rupees Vs 23m, Q1 Revenue 187m Rupees Vs 111m YoY (Positive)

IGL/MGL/Gujarat Gas/ATGL: The Govt is likely to provide big relief to the City gas distribution companies in the budget. (Positive)

Ashiana Housing: Company looks to expand to Mumbai, Delhi NCR, Bengaluru amid real estate boom (Positive)

HG Infra: Company and Ultra Vibrant Solar Energy ink deal for projects worth Rs 465 crore. (Positive)

Adani Power: Mahan Energen, in 20-year power purchase agreement for 500 MW with Reliance Industries. (Positive)

Adani Ports: Company get LoI for developing and operating Berth No. 13 at Deendayal Port in Gujarat with a concession period of 30 years. (Positive)

Havells: Company is planning expansion of manufacturing capacity of cables at Alwar plant. (Positive)

ONGC: Company to invest ₹2 lakh crore to meet net zero emission target. (Neutral)

Wipro: Cognizant Technology says that CFO Jatin Dalal has resolved lawsuit with Wipro. (Neutral)

JSW Steel: Company consolidated production at 6.35 million tons, down 1% year-on-year. (Neutral)

Varun beverages: Company issued a $27.5 million corporate guarantee for its subsidiary varun beverages international DMCC, valid until June 30, 2027, in favor of ICICI bank's DIFC branch in Dubai. (Neutral)

Parag Milk: Company executed first amendment agreement to FCCB subscription agreement with IFC, revision in conversion price of FCCBS from 145 rupees to 135 rupees per share (Neutral)

RMC Switchgears: Company wins order worth 4.76cr rupees (Neutral)

Mahindra & Mahindra: Company cuts prices of top-end variants of XUV7OO SUV by almost Rs 1 lakh. (Neutral)

IRM Energy: Karan Kaushal resigns as CEO of Company effective July 31. (Neutral)

Delhivery: Cananda Pension Plan Investment Board likely to sell 3.17% equity of Delhivery via block deal. (Neutral)

Mankind Pharma: Capital Group affiliate, Hema CIPEF to sell 0.9% stake of Mankind Pharma via block deal. (Neutral)

Bank of Baroda: Hikes lending rates by 5 bps on most of tenures from July 12 (Neutral)

M&M: Mahindra Group reduces the price of its top XUV700 model to ₹19.49 lakh ex-showroom (Neutral)

Reliance: Company introduced the successor to last year's JioTag, called the JioTag Air. (Neutral)

Marathon Nextgen: Company's pre-sales area at 79,239 square feet, down 45% year-on-year.

Delta Corp: Net profit at Rs 21.7 crore versus Rs 67.9 crore, EBITDA margin 17.35% VS 37.07% YoY.
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...