India Daybook – Stocks in News
Bajaj Electricals: Company announced a strategic tie-up with SEAK Energetics for tunnel lighting technology in India. (Positive)
Prestige: Q4 sales at Rs 6957 crore, up 48 percent YoY. (Positive)
Tata Steel: Company’s Nederland subsidiary launches major revamp to boost efficiency and profitability. (Positive)
Glenmark Pharmaceuticals: Company to launch Dextroamphetamine Saccharate, Amphetamine Aspartate, Dextroamphetamine Sulfate and Amphetamine Sulfate Tablets. (Positive)
Tanla Platforms: Company partners with two overseas telcos for its first international deployment of Messaging as a Platform (MaaP). (Positive)
VTM Ltd: Board considered the proposal of Issue of Bonus shares at the Ratio 1.5 : 1. (Positive)
Swaraj Eng: Board approved a plan to expand engine manufacturing capacity from 1,95,000 units to 2,40,000 units annually (Positive)
Roto Pumps: Company announced the unveiling of its new manufacturing infrastructure and the launch of the Roto P-Range compact pumps. The company aims to achieve $100 million in revenue by 2028. (Positive)
BHEL: Company inks tech transfer pact with BARC to lower green hydrogen costs, reduce imports (Positive)
DLF: Company signs Master Framework Agreement with Srijan Realty Pvt. Ltd. for sale of its Kolkata IT/ITeS SEZ. (Positive)
IRFC: Madras High Court allows IRFC’s Writ Petitions and sets aside ₹230.55 crore demand order dated 04.12.2024. (Positive)
Banco Products: Company announces the establishment of NRF Romania S.R.L., marking a key step in its expansion in Romania. (Positive)
Waaree Renewable: Net Profit up 83% YoY at ₹93.8 crore, up 75% QoQ, Revenue up 74% YoY at ₹476 crore, up 32% QoQ. (Positive)
Ultratech: Company to acquire 26% equity in AMPIN C&I Power Eight Pvt. Ltd., engaged in renewable energy generation and transmission. (Neutral)
SMl Isuzu: Appoints Yasushi Nishikawa as MD & CEO of the company w.e.f. April 17 (Neutral)
Petronet LNG: Company appoints Saurav Mitra as Director (Finance) & CFO of the company for 5 years. (Neutral)
HUL: Company moves Bombay High Court against Honasa Consumer for disparaging its brand. (Positive)
Sicagen India: Company announced the appointment of Mr. N. Doraivelu as Vice President - Manufacturing and Senior Management Personnel (SMP) w.e.f. April 16, 2025. (Positive)
Home First Finance: Company announced the successful raising of Rs 1,250 Crores through a Qualified Institutions Placement. (Neutral)
SBI: Bank Announces Change in Statutory Central Auditor for FY 2024-25. (Neutral)
NHPC Ltd: Company announced the appointment of Shri Suprakash Adhikari as Director (Technical) (Neutral)
Paytm: CEO Vijay Shekhar Sharma has voluntarily forgone all 21million ESOPs. (Neutral)
Kanoria Chem: CoSyst Control Systems GmbH, a step-down subsidiary of Kanoria Chemicals, incorporates two wholly-owned subsidiaries. (Neutral)
JK Cement: Company announced the resignation of Shri Sudhir Jalan from the position of Non-Executive Non-Independent Director. (Neutral)
Angel One: Net Profit Down 48.7% At ₹174.5 Cr Vs ₹340 Cr, Revenue Down 22.2% At ₹1,056 Cr Vs ₹1,357.3 Cr (YoY). (Neutral)
GTPL Hathway: Company reported a 19.7% decline in net profit for Q4 FY25, despite strong revenue growth. Net profit for the quarter stood at ₹10.6 crore, down from ₹13.2 crore YoY. (Neutral)
Som Dist: Investor Dolly Khanna increased stake to 2.41% from 1.39% earlier. (Neutral)
ITC: GQG Partners increased stake to 3.47% from 3.08% earlier. (Neutral)
Lupin: U.S. District Court lifted temporary restraining order and denied Astellas’ request for a preliminary injunction on Mirabegron ER Tablets, allowing shipments to resume. (Neutral)
Zydus Lifesciences: Company received an order from the United States District Court for the District of Delaware regarding a patent litigation matter with Astellas Pharma Inc. concerning the drug mirabegron. (Neutral)
C & C Constructions: Company announced that Mr. Hitesh Kumar, Company Secretary & Compliance Officer, resigned. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
