India Daybook Stocks in News
LTIMindtree: Company gets mutli-million dollar contract extension from Absa Bank (Positive)
Bhagiratha Chem: Derive Trading and Resorts name appear with 3.46% stake in shareholding during Q1. (Positive)
PowerMech: Company gets Rs 210 crore order from Hindustan Zinc for operation and maintenance work. (Positive)
GPT Infra: NHAI and Eastern Railway enhance existing contract with company to Rs 103 crore. (Positive)
Dr. Reddy’s: Company signs non-exclusive patent licensing agreement with Takeda to commercialise Vonoprazan, a novel gastrointestinal drug, in India. (Positive)
HAL: Company has signed an amendment to MoU with Aeronautical Development Agency for completion of LCA AF Mk-2 development for a value of Rs 2970 Crores (Positive)
Infosys: CC revenue growth at 3.6% vs polls of 2.4%, FY25 revenue growth guidance raised to 3-4% from 1-3% (Positive)
Tata Technologies: Company partners with arm to drive innovation in software-defined vehicles. (Positive)
South Indian Bank: Net profit at Rs 294.1 cr vs Rs 202.4 cr, NII at Rs 865.8 cr vs Rs 807.8 cr (YoY) (Positive)
Dhunseri Tea: Company sale of Diili tea estate for 350 Million (Positive)
WPIL: Company has approved a stock split, dividing each existing equity share of Rs. 10 into ten shares of Rs. 1 each. (Positive)
Newgen Software: Company to focus on horizontal product expansion, vertical offerings, and geographic expansion for future growth (Positive)
BMW Ind: Company is targeting a topline CAGR of 17-18% and operating EBITDA margin of 27-28% by FY26. (Positive)
Kewal Kiran Clothing: Company has acquired 50% stake in Kraus Casuals Private Limited, (Positive)
Vedanta: QIP draws bids of Rs 23,000 crore, exceeding Rs 8,000 crore offer. (Positive)
VST Ind: Company is said to consider Bonus issue on 25th July (Positive)
Tech Mahindra: Company to merge step down arm vCustomer Philippines Inc (Cebu) with its parent vCustomer Philippines Inc. (Positive)
IndusInd Bank: Moody’s affirms Bank's Ba1 ratings, upgrades standalone credit profile (Positive)
CEAT: Company anticipates continued momentum in volume throughout Q2. (Positive)
Radico Khaitan: Company says Magic moments music studio collaborates with Saregama (Positive)
Rane Madras: Exchanges have Issued No Objection certificate to scheme of amalgamation of Rane Engine and Rane Brake with company (Positive)
Samhi Hotels: Company signs management agreement with Marriott for rebranding two hotels in Pune & Jaipur. (Positive)
Adani Ports: ICRA upgraded rating to AAA/ stable from AA+/stable (Positive)
TVS Motor: Company appoints new management at Norton Motorcycles and plans six new motorcycles launches under brand in next three years. (Positive)
Dalmia Bharat: Net profit at ₹145 cr vs poll of ₹152 cr, Revenues at ₹3621.0 cr vs poll of ₹3599.0 cr. (Neutral)
Persistent: Net profit down 2.8% at ₹306.4 cr vs ₹315.3 cr, Revenue up 5.7% at ₹2,737 cr vs ₹2,590.5 cr (QoQ) (Neutral)
JSW Infra: Net profit down 8.9% at ₹292.4 cr vs ₹320.9 cr, Revenue up 15% at ₹1,009.8 cr vs ₹878.1 cr (YoY) (Neutral)
LTTS: Rupee revenue at ₹2,462 cr vs poll of ₹2,520 cr, EBIT at ₹383.6 cr vs poll of ₹410 cr. (Neutral)
Tata Tech: Net profit down 15.4% at ₹162 cr vs ₹191.5 cr, Revenue up 0.9% at ₹1,269 cr vs ₹1,257.5 cr (YoY) (Neutral)
Gopal Snacks: Net profit at Rs 24.3 cr vs Rs 28.36 cr, Revenue at Rs 350 cr vs Rs 318 cr (YoY) (Neutral)
Rallis: Net profit at Rs 48 cr vs Rs 63 cr, Revenue at Rs 783 cr vs Rs 782 cr (YoY) (Neutral)
Vraj Iron: Net profit at Rs 12.6 cr vs Rs 7.9 cr, Revenue at Rs 120 cr vs Rs 140 cr (YoY) (Neutral)
RIIL: Net profit at Rs 2.90 cr vs Rs 2.80 cr, Revenue at Rs 12.4 cr vs Rs 14.3 cr (YoY) (Neutral)
CEAT: Net profit at Rs 154.1 cr vs Rs 144.6 cr, Revenue at Rs 3192.8 cr vs Rs 2935.2 cr (YoY) (Neutral)
CIE Automotive: Net profit at Rs 220 cr vs Rs 300 cr, Revenue at Rs 2290 cr vs Rs 2300 cr (YoY) (Neutral)
Tanla Platforms: Net Profit up 4.3% at ₹141.2 cr vs ₹135.4 cr, Revenue up 10% at ₹1,002.2 cr vs ₹911.1 cr (YoY) (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
