India Daybook – Stocks in News
Optiemus: Company partners Taiwan-based KunWay Technology to Drive Drone Manufacturing Localization in India. (Positive)
Finolex Cables: Company announces the launch of its new product, FinoUltra a wire for the domestic market. (Positive)
Blue Dart: Company launched India's largest integrated operating facility in Bijwasan, Delhi. (Positive)
Allcargo Gati: Q3 total volume at 113 KT vs 105 KT (YoY). (Positive)
ASK Automotive: Company announced commencement of commercial production at new facility in Karnataka by the company. (Positive)
Adani Green: A step-down subsidiary has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat (Positive)
IRFC: Company emerges as the lowest bidder to finance ₹3,167 crore for a Jharkhand mine. (Positive)
Shoppers Stop: Net profit at ₹52.2 cr vs ₹36.9 cr, Revenue at ₹1,379.5 cr vs ₹1,237.5 cr (YoY). (Positive)
Hero Moto Corp: Company launches new Destini 125 in three variants starting at ₹80,450. (Positive)
Royal Sense: Company announced the launch of 10 new pharmaceutical products on January 14, 2025 (Positive)
Benares hotels: Company’s Q3 SL net profit 13.6 cr rupees vs 11.3 cr (YoY) Revenue 38.9 cr rupees vs 33.6 cr (YoY) (Positive)
Larsen & Toubro: Company launches second multi-purpose vessel for the Indian Navy from its Kattupalli Shipyard near Chennai. (Positive)
Welspun Corp: Company signed a MoU with Saudi Aramco to establish a state-of-the-art Longitudinal Submerged Arc Welded line pipe manufacturing facility in Saudi Arabia. (Positive)
Glenmark Life: Company announced Change of Name of the Company from ''Glenmark Life Sciences Limited'' to ''Alivus Life Sciences Limited'' (Neutral)
Sula Vineyards: Net revenue at ₹217.3 cr vs ₹219 cr, Own brands revenue at ₹194.7 cr vs ₹192.8 cr (YoY) (Neutral)
Federal Bank: Bank received a Rs. 10.46 Cr IGST penalty order from the Office of the Principal Commissioner, Central Board of Indirect Taxes and Customs, Kochi. (Neutral)
MTNL: Company announced the extension of Shri A. Robert J. Ravi's additional charge as CMD for three months. (Neutral)
Sayaji Hotels: Company announced a rights issue of equity shares totaling Rs.50 Crore. (Neutral)
Siemens: Company released its Annual Report for FY2023-24 and notice for the 67th AGM on February 12, 2025. (Neutral)
Netwotk18: Net loss at Rs 1440 cr vs Rs 58.1 cr (Exceptional loss Rs 1426 crore), Revenue at Rs 1360 cr vs Rs 1774 cr (YoY). (Neutral)
SAIL: Company appoints Alok Verma as Director In-Charge of Rourkela steel plant (Neutral)
Adani Wilmar: Company will see an ad-hoc weight up across FTSE India indices. (Neutral)
Adani Ent: Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore: Mint. (Neutral)
Escorts Kubota: Company announced that the Delhi High Court has dismissed the appeal filed by the Income Tax Department against the company for the assessment year (AY) 1986-87 (Neutral)
Morepen Laboratories: Company said its board has approved the hiving off of its medical devices business to its subsidiary, Morepen Medtech Ltd, on a slump sale basis as a going concern. (Neutral)
Hathway Cable: Net profit at Rs 13.7 cr vs Rs 22.3 cr , Revenue at Rs 511 cr vs Rs 505 cr (YoY). (Neutral)
Hindustan Zinc: Company faces ₹92.55-crore GST penalty in Rajasthan
J&K Bank: SEBI issues warning to J&K Bank over delay in CEO announcement
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
