Bharat India Daybook Stocks in News
@AlliesFin
*HAL:* Cabinet Committee on Security approves procurement of 240 aero-engines for IAF’s Su-30 MKI aircraft from HAL worth ₹26,000 crore (Positive)
*Matrimony* .com: Company to consider proposal for buy back on September 5 (Positive)
*G R Infraprojects:* Company to divest 100% equity stake/investment held in unit GE Aligarh Kanpur Highway, co approved acquisition of 100% stake in unit tumkur-ii rez power transmission (Positive)
*Adani Green:* Board approved the joint venture agreement subsidiary and Total Energies pursuant to which, Total Energies will make further investment of approx. USD 444 Mn to form a new 50:50 JV to house a 1,150 MWac portfolio. (Positive)
*Welspun Corp:* Company’s board approves investment of $100 million by arm Welspun Pipes. (Positive)
*Vedanta:* Company declares dividend of Rs 20 per share. (Positive)
*Lemon Tree:* Company signs license pact for 80-room hotel in Gir, Gujarat. (Positive)
*CIE Automotive:* Company to subscribe up to 27% of equity of IJYA renewables India and invest an amount up to Rs 25.5 million towards subscription of its equity shares (Positive)
*GPT Infra:* Company declared lowest bidder for a project worth Rs 204 cr from South East Railways Kolkata. (Positive)
*Maruti:* August production at 168,953 vs 165,402 (YoY) (Positive)
*Kanoria Chemicals:* Company completed expansion of formaldehyde production capacity at ankleshwar, production of additional capacity of 345 MT per day to start SEPT 6. (Positive)
*Triveni Engineering:* Company eyes margin expansion after govt revises ethanol production norms (Positive)
*Muthoot Finance:* Company's Microfinance arm Belstar Microfinance gets SEBI’s approval to launch its IPO (Positive)
*Gensol Engineering:* Consortium emerges lowest bidder for green hydrogen project worth ₹164 crore (Positive)
*IEX:* Subsidiary has entered into an "issuer agreement" with the International Tracking Standard Foundation and Evident EV Ltd (Positive)
*Bajaj Finance/Finserve:* Bajaj Housing FInance sets IPO price band at Rs 66-70/share. (Positive)
*Medi Assist:* Bessemer India likely to sell stock worth up to $64 m of Medi Assist at ₹570/sh (7.7% discount to CMP). (Neutral)
*Hindustan Composites:* Company to buy 1.5 lakh Swiggy shares for Rs 5 crore. (Neutral)
*Zee Entertainment:* Shiva chinnasamy appointed as chief technology & product officer. (Neutral)
*Piramal enterprises:* Company approved issue of non-convertible debentures up to Rs 1 billion. (Neutral)
*MIRC Electronics:* Company approved raising of funds via issuance of shares worth Rs 500 million, Company says raising of funds through right issue basis. (Neutral)
*Concord Control:* Company approved preferential issue of shares worth up to Rs 500 million (Neutral)
*Adani Power:* Supreme Court seeks response from Himachal Pradesh on Adani Power’s ₹280 crore refund claim. (Neutral)
*RITES:* Company received an order from the SGST with a tax demand totalling ₹38.3 crore. (Neutral)
*IREDA:* Company aims to complete fundraise process within two-three months. (Neutral)
*Vodafone Idea:* Company receives Rs 73 crore demand orders from GST offices for tax dues, penalties, and interest. (Neutral)
*Brigade Enterprises:* Company approves floor price of QIP at Rs 1,164.7/share. (Neutral)
*Brainbees:* Approves further invests Rs 105 crore in Frootle India & Rs 1.05 crore in Wellspire India. (Neutral)
*HDFC Bank:* Copthall Mauritius Investment offloaded 10.2 lakh shares at Rs 1,636.9 each. (Neutral)
*Sterlite Tech:* Company settles Singapore dispute with Data Management Centre for $467,400. (Neutral)
*NMDC:* Production Down 10% At 3.07 mt Vs 3.41 mt (YoY)
*MOIL:* Company cuts prices of Ferro-Grade Manganese Ores with Manganese content of Mn-44% and above by 20%.
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
