*India Daybook – Stocks in News*
*Shilpa Medicare:* Company unit receives certificate of suitability from EDQM for API, Desmopressin. (Positive)
*Aarti Drugs:* Company receives GMP Certificate from UK-MHRA for manufacturing facility of unit. (Positive)
*BCL Industries:* Company to acquire Goyal Distillery Pvt Ltd to facilitate the establishment of a 250 KLPD grain-based ethanol plant, significantly boosting company’s production capabilities from 700 KLPD to 1,100 KLPD. (Positive)
*Unicommerce Esolutions:* VIP Industries partners with Company to streamline E-Commerce Operations. (Positive)
*Alembic Pharma:* Company gets final US FDA nod for alcaftadine ophthalmic solution, 0.25% (OTC) (Positive)
*Bajaj Fin:* AUM up 29% at ₹3.74 lk cr vs ₹2.90 lk cr, Deposits book up 21% at ₹66,100 cr vs ₹54,821 cr (YoY) (Positive)
*Sundaram-Clayton:* Company opens QIP, floor price at Rs 2,320.78/sh. (Positive)
*M&M:* Mahindra Last Mile Mobility Launches Mahindra ‘ZEO’ (Zero Emission Option) 4W SCV Starting From ₹7.52 Lakh (Positive)
*R Power:* Board approves raising $500 m unsecured foreign currency convertible bonds (FCCBs) at 5% p.a. interest, 10 years long tenured. (Positive)
*Blue Star:* Company aims for 20% revenue growth in festive season for air conditioners. (Positive)
*Muthoot Finance:* Company re-appoints George Alexander Muthoot as MD effective April 1, 2025 for 5 years. (Positive)
*Aster DM:* Company signs definitive agreement to acquire 26% stake in Shri Sai Renew Venture Assets 1 LLP. (Positive)
*Adani Energy:* Tanzania is in talks with Adani Group for a $900 million public-private partnership project to construct high-voltage power lines. (Positive)
*Bajaj Housing:* AUM at Rs 1.03 lakh crore, up 26% year-on-year. (Positive)
*CESC:* Company signs binding term sheet with Bhojraj Renewables Energy for developing a 150 MW solar project and a 350 MW wind project. (Positive)
*Uflex:* Company’s Egypt unit Flex Asepto to set up a packaging unit worth $126 million. (Positive)
*Max Health:* CARE has upgraded the credit rating for long term bank facilities from ‘CARE AA; Positive’ to ‘CARE AA+. (Positive)
*RITES:* Company signs MoU with #DelhiMetro Rail Corp to identify, secure, and execute metro projects in India and abroad. (Positive)
*Oil upstream stocks:* Oil prices jump by 56 percent after the tensions intensified in Middle East. (Positive)
*EPack:* Company announces arrangement for manufacturing tie-up with Panasonic Life Solutions India Private Limited. (Positive)
*JTL Industries:* Company declare sub-division of 1 share into 2 shares. (Neutral)
*Oriental Rail Infra:* Company gets order worth Rs 36.8 million (Neutral)
*M&M Financial:* Company approved issue of non-convertible debentures on private placement, Company to issue up to Rs 7.5 billion. (Neutral)
*Indian Oil Corp:* Company and Nepal Oil Corporation sign B2B framework agreements for major petroleum infrastructure development in Nepal (Neutral)
*Refex Industries:* Company proposes to raise funds to the tune of Rs 927.81 cr to accelerate sustainable growth. (Neutral)
*Ami Organics:* Company has appointed Mr. Snehalkumar P. Shah as Senior General Manager Projects, effective October 3, 2024. (Neutral)
*PNB GILTS:* Company has appointed Sh. Raj Kamal Verma as an Independent Director for a 3-year term starting October 10, 2024. (Neutral)
*Glenmark Life:* Company received an intimation from the Income Tax Department for Q4 FY 2023-24, Form-24Q involving Rs 1662120. (Neutral)
*NMDC:* September total production at 3.04 MT, September total sales 3.54 MT vs 3.11 MT (YoY). (Neutral)
*Bank Baroda:* Global business up 10.23% yoy at ₹25.06 lk cr, Global deposits up 9.11% YoY at ₹13.63 lk cr. (Neutral)
*BSE:* Weekly index derivatives contracts on SENSEX 50 and Bankex will be discontinued w.e.f Nov 14, 2024 (Neutral)
*DMart:* Revenue at ₹14,050.32 cr vs ₹12,307.72 cr (YoY). (Neutral)
*SBIN:* Moodys Ratings affirms Baa3 long-term local and foreign currency bank deposit ratings of SBI. (Neutral)
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
