Tuesday 2 July 2024

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

Kunvarji News Room:
Kunvarji:

India Daybook Stocks in News



*DCX Systems:* Company gets order worth Rs 1,250 crore for electric modules from L&T. (Positive)

*IOL Chemicals:* Company gets China’s Drug Regulatory Authority NMPA nod for ‘Fenofibrate’, allowing the company to export it into China market. (Positive)

*Gandhar Oil:* Company wins order worth 375 cr rupees or 45m USD (Positive)

*JSW Energy:* Company’s subsidiary enters into power purchase agreement with SJVN for 700-megawatt solar project. (Positive)

*CAMS:* Company collaborates with Google Cloud to Build Cloud Native Platform to transform its asset management business services (Positive)

*BLS International:* Company's unit gets Turkish Regulatory Authority's nod for acquisition of iData. (Positive)

*Coal India:* Company’s coal production rose 8% to 189.3 million tons in Q1FY2025. (Positive)

*Sakuma Exports:* Company approved issue of bonus shares in 4:1 ratio, company also approved raising of funds by QIP for an amount up to 500 cr rupees. (Positive)

*Genus Power:* Company’s unit entered into agreement to buy 30% stake in Maharashtra Akola Amravati smart metering. (Positive)

*Pennar Industries:* Company to set up PEB manufacturing plant in Raebareli in Q2. (Positive)

*Waaree Energies:* Company Bags Order To Supply 900 MW Solar Modules. (Positive)

*Deepak Fertilizers:* Company gets NCLT nod for scheme of arrangement between Mahahdhan Agri Tech, Deepak Mining Solutions and Mahadhan Farm Technologies (Positive)

*Shera Energy:* Company has surpassed sales of Rs. 110.37 crores on a consolidated monthly basis (Positive)

*APL Apollo:* Company achieves Highest Record Sales Volume In Q1 Of 7,21,064 Tons Vs 6,61,501 Tons YoY (Positive)

*KPI Green Energy:* Company received of CEIG (Charging) approvals for 13.60 MW Solar Power Projects under IPP Segment. (Positive)

*South Indian Bank:* Gross advances up 11.4% at Rs 82,510 crore year-on-year in Q1FY25. (Positive)

*CSB Bank:* Gross advances up 17.8% at Rs 25,099 crore year-on-year in Q1FY25. (Positive)

*Hero Motocorp:* Total Sales at 5.03 Lk Units Vs Estimate Of 4.87 Lk Units (Positive)

*Welspun Specialty Solutions:* Company gets contract worth ₹117.17 Cr for supply of seamless stainless steel boiler tubes (Positive)

*Nazara Tech:* TIMF Holdings bought 12 lakh shares in Company at Rs 872 per share. (Positive)

*Narayana Hrudayalaya:* Narayana Health introduced its first health insurance product, ‘Aditi’ on July 1. (Positive)

*Oil upstream stocks:* Indian govt doubles windfall tax on crude oil to ₹6,000 per tonne from ₹3,250, effective July 2 (Neutral)

*Tata Steel:* Bhubaneshwar Power stands dissolved without being wound up (Neutral)

*Carysil:* Company opens QIP, sets floor price at ₹837.89/sh (Neutral)

*Patanjali Foods:* Company to acquire entire non-food business undertaking from Patanjali Ayurved For ₹1,100 cr (Neutral)

*TVS Motors:* Total Auto Sales at 3.34 lk units vs estimates of 3.53 lk Units. (Positive)

*NMDC:* Company cuts iron ore lump prices by ₹500 to ₹5,950/tonne from ₹6,450/tonne. (Neutral)

*Tata Motors:* June Total Sales 71,147 Units Vs 80,300 Units YoY (Neutral)

*ICICI Bank:* Mr. Pradeep Kumar Sinha is the Non-Executive Part-time Chairman of the Bank as Mr. Girish Chandra Chaturvedi to retire from 30th June. (Neutral)

*Zomato:* Company faces Rs 9.45 crore GST demand from Karnataka tax authorities. (Neutral)

*Ircon International:* Hari Mohan Gupta assumes charge as CMD of the Company effective from 1st- July- 2024. (Neutral)

*Neuland Lab:* Company has transferred a part of property situated at Hyderabad by way of perpetual lease, for a consideration of Rs. 31.50 cr. (Neutral)

*NBCC (India):* Company Says B K Sokhey Ceased To Be CFO. (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...