India Daybook – Stocks in News
Sarda Energy: Company gets contract worth ₹150 crore for installation of 50 MW DC solar power plant in Chhattisgarh (Positive)
Pidilite: Company forms partnership with Italy-based Syn-Bios, known for R&D and global marketing in the leather tanning industry (Positive)
Aster DM: Shareholder Might Get 100-120/Sh Dividend”: Media Sources (Positive)
RVNL: Company emerges as lowest bidder for Rs 251 crore power transmission project in Madhya Pradesh (Positive)
Usha Martin: Thailand-based arm to acquire 50% stake in Tesac Usha Wirerope Company for Baht 74.45 mn. (Positive)
Fedbank Financial Services: Total income at Rs 429.45 crore, up 34.67% year-on-year (Positive)
HPL Electric: Company gets Rs 240 crore order for smart meters from AMISP clients (Positive)
Hind Copper/NALCO: India’s KABIL & Argentina’s CAMYEN SE sign agreement for exploration & mining of Lithium. (Positive)
PNC Infratech: Company to sell 12 road assets to Highways Infrastructure Trust for ₹9,005.7 crore (Positive)
BLS International: Company’s Arm BLS International FZE, UAE, signs definitive agreement to acquire 100% stake in iData (Positive)
*Oil Upstream stocks: India cuts Windfall Tax on CrudeOil. (Positive)
Jai Balaji: Company announced 740% rise in net profit for the third quarter ended December 2023. (Positive)
Power stocks: Investment of Rs 17.05 lakh crore is in the pipeline in power and renewable energy sector, says Union minister R K Singh (Positive)
Capri Global Capital: Company is set to develop an insurance platform to maximize its Corporate Agency License from IRDAI. (Positive)
Vedanta: Company, VRF II, Citicorp, Axis trustee sign amended deed. S&P Global Ratings has raised long-term issuer credit rating on Vedanta Resources (Positive)
Shakti Pumps: Company to consider fund raising via QIPs on January 18, 2024 (Neutral)
DCX Systems: Company launches QIP to raise up ₹500 cr, indicative issue price at ₹341/sh, 4.8% discount to SEBI floor price (Neutral)
Jio FIn: Net Profit at Rs 293.0 crore versus Rs 668.18 crore, Interest Income at Rs 269.0 crore versus Rs 186.0 crore QoQ (Neutral)
Bank of Baroda: Introduces new deposit scheme with interest rates ranging from 7.1-7.6% per annum. (Neutral)
Adani Ent: Adani Group will offer eligible residents of Dharavi new flats measuring 350 square feet, a 17% extra space (Neutral)
Shriram Finance: Fitch assigns ‘BB’ rating to company’s proposed U.S. dollar-denominated senior secured bonds (Neutral)
Housing Finance Company: RBI proposes tighter norms for accepting public deposits by housing finance companies (Negative).
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