India Daybook – Stocks in News

Ashok Leyland

Company wins India’s largest order for electric trucks at Rs 150 crore. (Positive)

Nuvoco Vistas

Company secured 3 limestone blocks in Rajasthan, estimated at 28.43 million tons (Positive)

Swelect Energy

Company unit has successfully commissioned an additional solar power plant having the capacity of 7 mw at Pisanathur village and Pudunagar village at Pudukottai district, Tamil Nadu. (Positive)

Nimbus Projects

Company developing housing project with nimbus Propmart, Estimated cost of project Rs 6.6 billion, sales revenue Rs 8.5 billion (Positive)

Piccadily Agro

Indri single malt launches ‘the city series’ with first travel retail exclusive for Bengaluru duty-free (Positive)

Juniper Hotels

Company entered into secured term loan agreement for Rs 2.8 billion with ICICI Bank (Positive)

Puravankara

Company has acquired 3 acres 4 guntas of land in North Bangalore to develop a residential project. (Positive)

BEL

Company gets orders worth more than Ra 5 billion (Positive)

Cyient DLM

Company has more inorganic growth plans on the cards after acquisition of Altek Electronics (Positive)

ENIL

MGID and company partner to accelerate Native Advertising adoption across India (Positive)

Ani Integrated Services

Company gets order worth upto Rs 1.73 billion for 3 Years (Positive)

Sarvotech

Receives an additional order to Build EV Charging Stations for Nashik Municipal Corporation (Positive)

Chalet Hotels

Company has announced a scheme of arrangement and amalgamation with its subsidiaries, Sonmil Industries Private Limited and the Dukes Retreat Private Limited. (Positive)

Modern Engineering

Company has entered into a MOU with Karmvir intelligent Infra Private Limited for Acquiring of office premises on Long Lease Basis in Commercial (Positive)

PN Gadgil

MD Saurabh Gadgil bets on strong gold demand during Dussehra, Diwali and the upcoming wedding season. (Positive)

Lemon Tree

Company signs license agreement for 54 room hotel in Udaipur, Rajasthan (Positive)

BCPL Railway Infra

BCPL Railway Infra’s subsidiary company “BCL Bio Energy” start crude edible oil production at its 300 Ton per Day Edible Oil Extraction Plant in Burdwan (Positive)

Zodiac Energy

Company bags order ₹154.27 Cr from Ahmedabad Municipal Corporation (Positive)

Oil upstream stocks

Brent crude rises to 80/bbl for the first time since August (Positive)

HEG

Company said they have bought 8.23% shares of their competitor Graftech international for ₹248 cr (Positive)

Mindtek

Company will reward its shareholders one extra share for every four shares they already own (Positive)

Tata Power

Company will announce its Q2 FY25 financial results on October 30, 2024. (Neutral)

Craftsman Automation

Acquisition of securities of sunbeam Light weighting solutions; Company subscribed to OCDS of sunbeam for a consideration Rs 1.36 billion, as per terms of OCDS, Company has option to convert OCDS into shares (Neutral)

Hi-Tech Pipes

Company approves floor price for issue at Rs 194.98 per share via QIP (Neutral)

HDFC Bank

Company board approved sale of 100% stake in HDFC EDU to Vama Sundari investments; sale worth Rs 1.92 billion, entity being sold belongs to education services sector. (Neutral)

Star Cement

Company has appointed Mr. Dilip Kumar Agarwal as Chief Commercial & Corporate Affairs Officer, effective October 7, 2024. (Neutral)

Electro Steel Castings

Company remitted Rs 415 million for acquisition of shares of Singardo international, Singardo will become a wholly owned subsidiary of Company. (Neutral)

Tata Motors

JLR Retail sales in Q2 FY25 were 103,108 units, down 3% vs Q2 FY24, JLR wholesales in Q2 FY25 were 87,303 units, down 10% vs Q2 FY24. (Neutral)

Sumitomo Chemical

Board Meeting on Oct 28 to consider Q2 Results (Neutral)

Stylam Industries

Board Meeting on Oct 15 to consider Q2 Results (Neutral)

Bajaj Hind

Company terminates its joint venture agreement with EverEnviro Resource Management. (Neutral)

Shakti Pumps

Board of directors approves increase in authorised share capital of the firm by Rs 150 crore. (Neutral)

Nykaa

Sees ‘gradual’ revival in H2 on festive & wedding season. (Neutral)

Cholamandalam Investment

Company appoints Ravindra Kumar Kunduh as Managing Director of the company w.e.f October 7. (Neutral)

Paras Defence

Company closes QIP, sets issue price at Rs 1,045/share. (Neutral)

Hero Motocorp

Hero Motors withdraws its draft papers for its 900 crore IPO. (Negative)

Ircon

Apex Buildsys files a claim worth Rs 38.71 crore against company over disputes related to their Raebareli project. (Negative)

OLA Elec

Company received show cause notice from the Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices (Negative)