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STOCKS IN ACTION 23 February

Vodafone Idea: The board will meet on Feb. 27 to consider fundraising proposals. KM Birla has said the Aditya Birla Group does not plan to exit the business and is looking for new investors.

Bank of Baroda: The lender raised Rs 2,500 crore via Tier II bonds at a 5.57% coupon.

IRCTC: Entered into a pact with Swiggy Foods for the supply and delivery of pre-ordered meals.
The first phase of the supply pact will include Bengaluru, Bhubaneswar, Vijayawada and Visakhapatnam stations.

IRB Infrastructure: The company approved raising up to $550 million via FX bonds.

Power Finance Corp.: The company will consider a fundraising proposal on Feb. 29.

Ramkrishna Forgings: The company received board approval for the commencement of manufacturing and supplies from the company's Mexico location.

Oil India: The company signed an MoU with Fertilisers and Chemicals Travancore (FACT) for green hydrogen.

Pratap Snacks: The company clarified that it is not in negotiations with ITC for a stake sale.

Concord Biotech: The company has received a certificate of good manufacturing practices from Kenyan authorities at its Ahmedabad plant.

ION Exchange India: NCLT, Mumbai-approved scheme of amalgamation of Global Composites and Structurals and lon Exchange Environment Management with lon Exchange (India).

Bandhan Bank: Rajeev Mantri is appointed as the CFO. Accordingly, Abhijit Ghosh ceases to be the interim CFO.

IRB INVIT: Toll collection on the IRB Pathankot Amritsar Toll Road has been temporarily stopped due to farmers' agitation in Punjab.

Paisalo Digital: The board will consider and approve the allotment of NCDs for private placement on Feb 27.

Jindal Worldwide: The company has plans to launch three scooters with 12 variants (B2B and
B2C) and one sports bike with 2 variants in FY25.

UCO Bank: appointed Aravamudan Krishna Kumar as part-time non-official director as well as non-executive chairman for a term of three years.

Jupiter Life Line Hospitals: The company has leased land for 10 years in Bibvewadi, Pune, for setting up a hospital with an annual lease rental of Rs 9.27 crore.

Dilip Buildcon, a wholly owned subsidiary, executed the concession agreement with the Public Works Department, Goa for Rs 270.07 crore for the construction of Zuari Observatory Towers.

Bharat Forge: The company has invested Rs 133.58 crore in Bharat Forge Global Holding GmbH.

Dreamfolks Services: Eco Mobility expanded its pact with the company for car rental services a part of DreamFolks Club memberships.

Salsaar Technologies: RVNL-SALASAR JV emerged as the lowest bidder from Madhya Pradesh Power Transmission Company for the construction of transmission lines and associated feeder bays for a project cost of Rs 173 crore.

Zydus Lifesciences: The company incorporated a wholly owned subsidiary company in the name of Zydus Lifesciences Global FZE in the UAE.

Bajaj Auto: The company made a further investment of Rs 45.75 crore in Yulu Bikes.
Texmaco Rail & Engineering: The board will consider fundraising through various means on Feb.
27.

Angel One: The board approved raising up to Rs 2,000 crore in tranches.

Morepen Labs: The board approved raising funds up to Rs 350 crore via QIPs.

STOCKS IN ACTION 21 February

Hindalco Industries: The company's wholly-owned American subsidiary, Novelis Inc., has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission.

Swan Energy: The Rs 4,000 crore QIP opened on Tuesday at a floor price of Rs 703.29 per share.

Union Bank of India: The lender approved raising funds up to Rs 3,000 crore via QIP at a floor price of Rs 142.78 per share.

Devyani International: Yum Restaurant India is likely to sell a 4.4% stake in Devyani International via block deals.

DLF: The company unit has acquired land parcels in Gurugram, Haryana for Rs 1,241 crore, enabling partial redemption of bonds for Rs 775 crore. The company's unit has completed the registration and transfer of the first tranche of land parcels.

Wipro: The IT major with IBM expanded its partnership to offer new Al services and support to clients.

Zee Entertainment: The company clarified that it is not involved in any negotiations in relation to the Sony merger deal.

GOCL: To meet the FDI limit of 74%, promoter Hinduja Capital, Mauritius, will be reducing their stake by 1% to 72.83% from 73.83% via bulk or block deal.

Minda Corp: Competition Commission of India approved the acquisition of an 8.8% stake in Pricol.

Ashok Leyland: The company will set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh.

NTPC: Unit NTPC Green Energy signed an agreement with the Andhra Pradesh government to develop a green hydrogen hub in Visakhapatnam, which includes the construction of a production facility for 1,200 tonnes per day.

Thermax: The company entered into a licence and technical assistance agreement with Flowtech Co., South Korea, to obtain technology to manufacture Poly carboxylate ether products to strengthen its construction chemicals business portfolio. For the $300,000, 50% will be adjusted against royalty payments and the balance will be a refundable deposit until the agreement period

Bondada Engineering: The company received a work order worth Rs 4.93 crore from Sundrops Energia to supply the equipment for the solar power plant.

Medplus Health Services: A company unit received a suspension order from Drugs and Control authorities for suspending the operations of a store for two days.

Varun Beverages: The company, through its unit, entered into an exclusive snack appointment agreement to manufacture and package 'Cheetos' in Morocco. The commencement of production from the company's own manufacturing facility will be effective from May 1, 2025
with a capex of Rs 100 crore.

ONGC: The board approved a JV for compressed biogas plants with a seed equity contribution
worth up to Rs 10 crore.

GR Infraprojects: The company's arm, GR Tarakote Sanjichhat Ropeway, executed a concession pact with Shri Mata Vaishno Devi Shrine Board. The estimated cost for the ropeway project is Rs
200 crore.

SOUTH INDIAN BANK :
Boardmeet To Discuss Matters In Connection with the Rights Issue, Issue Price, Entitlement Ratio, Record Date, Timing, etc

SHILPA MEDICARE:
LARGE TRADE TA FII INVESTORS LIMITED SELL 500,000 Shares @ Rs 422.22/ Share

JINDAL SAW:
LARGE TRADE ERISKA INVESTMENT FUND LTD
SELL 23,50,000 Shares @ Rs 521/ Share NIPPON INDIA MUTUAL FUND - SMALL CAP FUND BUY 12,00,000 Shares
SAMCO MUTUAL FUND BUY 550,000 Shares COPTHALL MAURITIUS INVESTMENT LIMITED BUY 350,000 Shares SOCIETE GENERALE BUY 250,000 Shares

TOURISM FINANCE CORPORATION: LARGE TRADE Promoter KOPPARA SAJEEVE THOMAS SOLD 34,44,133 Shares (As Per SHP Held 44.48 Lakh Shares/4.92% Stake) Promoter PRANSATREE HOLDINGS PTE. LIMITED SOLD 42,56,100 Shares (Held 79.59 Lakh Shares/8.81%)
VARANIUM CAPITAL ADVISORS PRIVATE LIMITED SOLD 10,04,400 Shares VARANIUM INDIA OPPORTUNITY LTD SOLD 30,97,461 Shares
ADITYA KUMAR HALWASIYA BUY 1,18,02,094 Shares @ Rs 209.75/ Share

STOCKS IN ACTION 19 February

One 97 Communication: Reserve Bank of India has confirmed that the company's QR, soundbox, and card machine will continue to work as always even beyond March 15. The company has
shifted its nodal account to Axis Bank to continue seamless merchant settlements as before.

Life Insurance Corp: The company announced the launch of a new product LIC's Amritbaal for the Domestic market. The company also received an income tax refund worth Rs 21,740 crore for the assessment years 2012-13 to 2019-20.

Tata Power: The company received a letter of intent from REC Power Development and Consultancy to acquire Jalpura Khurja Power Transmission for Rs 838 crore.

Bajaj Auto: The company fixed Feb. 29 as the record date for determining shareholders eligible to participate in share buyback.

NTPC, Nalco: NTPC has inked an initial agreement with NALCO to supply over 1,200 MW of round-the-clock power for the aluminium maker's operations in Odisha.

PB Fintech: The company's unit received IRDAI approval for a license upgrade.

Harsha Engineers: The company signed a Memorandum of Understanding for transferring 25.9% investment in Sunstream Green Energy One to Sunstream Green Energy for Rs 10 per share.

NHPC: The company is laid the foundation stone for the it 300 MW grid-connected solar PV
project In Rajasthan.

ITI: The company signed a Memorandum of Understanding with JandK Operations to manufacture and provide BharOS-enabled digital devices and services.

Bajaj Hindustan Sugar: The company agreed to acquire a 15.5% stake in Unique One RNG, for Rs 1.55 crore.

Fineotex Chemicals: The company raised Rs 280 crore from promoters, high net-worth individuals, and foreign institutional investors at a valuation of Rs 346 per share vs the current market price of Rs 438 apiece.

Titagarh Rail: gets order worth ₹170 crore for supply of 250 specialised wagons from Defence Ministry

Omaxe:-led consortium bags project worth ₹385 crore to build two bus terminals in Uttar Pradesh

Novartis: AG conducting strategic review of India-listed business, no decision on outcome yet: Novartis India

Equitas SFB: becomes official banking partner of Chennai Super Kings

BALRAMPUR CHINI:
To enter a new line of business to manufacture Polylactic Acid (PLA), to be used for production of bioplastic

CLEAN SCIENCE AND TECHNOLOGY:
COMMISSIONS PLANT
Clean Fino-Chem Limited, wholly owned subsidiary of the Company, inaugurated its new manufacturing facility On 17th February/ Saturday located at Pune Says commercial production of Hindered Amine Light Stabilizer (HALS Series) will commence in due course of time and the same will be intimated separately

KAYNES TECHNOLOGY INDIA:
INCORPORATES SUBSIDIARY
Incorporates Wholly Owned Subsidiary ‘Kaynes Mechatronics’
To carry on the business of manufacturers, traders, dealers, wholesalers, retailers, importers, and exporters of high precision machining, sheet metal fabrication, dies, moulds, etc

PARADEEP PHOSPHATES:
Shuts Down Goa’s NPK Plant To Carry Out Regular Annual Maintenance Activities

STOCKS IN ACTION 15 February

One 97 Communication: The company clarified that it has been receiving notices from authorities including the Enforcement Directorate and that the Paytm Payments Bank does not undertake outward foreign remittances.

Hindustan Unilever: The company plans to partner with the Andhra Pradesh government to produce palm oil in the state.

Utkarsh Small Finance Bank: The board will evaluate a proposal for a reverse merger with its holding company, Utkarsh Corelnvest.

Container Corp of India: The company signed a Memorandum of Understanding with the container company of Bangladesh to extend the existing agreement for running container trains between India and Bangladesh.

State Bank of India: The public sector bank will keep MCLR-based lending rates unchanged for February.

West Coast Paper: The company achieved the milestone by doubling capacity for optical fiber cable production.

VIP Industries: The company appointed Manish Desai as the chief financial officer and key managerial personnel with effect from Feb. 14, 2024.

Indian Railway Catering and Tourism Corp: The Ministry of Railways approved the appointment of Sanjay Kumar Jain as chairman and managing director on an immediate absorption basis with effect from Feb. 14.

Avenue Supermarts: The company has invested Rs 100 crore in its arm, Avenue E-Commerce, by subscribing to shares on a preferential basis.

Adani Enterprise: The company's unit, Mumbai Travel Retail, has completed the incorporation process of a wholly owned subsidiary, Ospree International FZCO, in the UAE.

STOCKS IN ACTION 14 FEBRAURY

Adani Group Companies: Global rating agency, Moody's, has revised the outlook for four Adani group companies to 'stable' from 'negative' while affirming the ratings of eight companies on Tuesday.

Wipro: The IT major acquired a 60% stake in Aggne Global for $66 million to strengthen consulting capabilities.
Bharat Electronics: The company received an order worth of Rs 2,167 crore from the Indian Navy for the indigenously designed and developed EW suite.

Adani Power: The Competition Commission of India approved a proposal to acquire a 100% stake in Coastal Energen by the company and Dickey Alternative Investment Trust.

Lupin: The company launched Bromfenac Ophthalmic Solution in U.S. which is a generic of
BromSite Ophthalmic Solution.

Vishnu Prakash R Punglia: The company secured a contract worth Rs 73.92 crore from Mumbai
Railway Vikas Corp. for the construction of a Railway Station along with other allied works at Chikhloli between Kalyan-Badlapur stations of Mumbai Division Central Railway.

Infosys: The IT major announced a collaboration with Pacific International Lines for digital transformation in the logistics industry.

Lemon Tree Hotel: The company signed a license agreement for an upcoming hotel in Noida under the brand 'Lemon Tree Hotel.

Sonata Software: The company announced the integration of Amazon Bedrock, bringing artificial intelligence adoption to the forefront of businesses. Amazon Bedrock is a fully managed service from Amazon Web Services.
Arvind Smartspaces: Ankit Jain resigned from the position of CFO.

Railtel: The company received an order worth Rs 140 crore from the Prasar Bharati Broadcasting Corp. for design, development, implementation, operations, and maintenance of OTT platform.

Wipro: The company's three step-down units voluntarily de-register effective Feb. 1

Bharat Electronics Limited (BEL) has signed a contract worth ₹2,167.47 crore with the IndianNavy on for the supply indigenously designed & developed Electronic Warfare (EW) suite for use on-board

STOCKS IN ACTION 13 February

MSCI Index Rejig: Global index aggregator MSCI will announce its February 2024 restructuring on Tuesday. Companies that are included and excluded in the index will be in focus.

One 97 communication: The company is awaiting government approval for investment in its material subsidiary, Paytm Payments Services.

Life Insurance Corp: The company has increased its stake in SBI Cards and Payments Serveices to 5.02% from 4.99%.

Mahindra and Mahindra: The company reported total production at 1.01 lakh units vs 76,421
units, year-on-year. Total sales stood at 72,198 units vs 61,326 units and total exports at 1,746 units vs 3,009 units for the month of January.

RVNL: The company emerged as the lowest bidder from Madhya Pradesh Paschim Kshetra Vidyut Vitran Co. for the supply, installation, testing and commissioning of the new 11 KV line.
The size of the order is Rs 106 crore.

V Guard Industries: The company's unit started commercial production of inverter batteries at the Hyderabad plant. The company had invested Rs 35 crore in the project via internal accruals.

JSW Energy: The company's unit received a Letter of Acceptance for 500 MW wind capacity from
Solar Energy Corp.

Aurionpro Solutions: seeks to raise up to ₹200 crore via issue of 9.02 lakh shares at ₹2,215/share via preferential allotment

JSW Energy : Arm JSW Neo Energy gets letter of award (LoA) for 500 MW wind power project from Solar Energy Corporation Of India

Suzlon Energy: appoints Vivek Srivastava as CEO – WTG Division w.e.f. February 12, 2024

STOCKS IN ACTION 12 February

One 97 Communication: The company formed a group advisory committee to work with the company's board to strengthen compliance and regulatory matters.

Vedanta: The company completed repayments to its bondholders on Feb. 7 in line with the consents it received earlier in the year, in which maturities of $3.2 billion in bonds were successfully extended to 2029.

Adani Power: The company has clarified that it has submitted a resolution plan for the acquisition of Lanco Amarkantak Power but has still not received any communication from the Resolution Professional.

Power Grid Corp.: The company acquired Bidar Transmission (power transmission company) for
Rs 18.88 crore.

Navin Fluorine: Life Insurance of India increased its stake in the company to 7.07% from 5.03%
earlier.

Jindal Stainless: The stainless-steel manufacturer signed a contract with the micro, small and medium enterprises technology centre, Visakhapatnam, for manufacturing value-added products for the missile and satellite launch vehicle segments.

Tata Group: firm Voltas is facing a major headwind in Qatar as around ₹750 crore has been stuck due to delays in the realisation of overdue receivables and execution timelines, said its MD and CEO Pradeep Bakshi

Divi's Laboratories: reported 17% year-on-year (YoY) increase in its net profit to ₹358 crore for the October-December quarter of the current financial year.

JSW: Group to invest ₹40,000 crore to set up EV facilities in Odisha

Today is a testing day for new investors.

Main indices not reflecting the actual scenario but if you see Mid & Small cap index are trading almost 2% down.

Hopefully it will continue for next week as well. So wait for fresh entries.

STOCKS IN ACTION 8 FEBRUARY

Rate-sensitive stocks: The RBI will announce the decision of its Monetary Policy Committee meeting on Thursday. Banking and finance, auto, housing and real estate stocks will be in focus.

Welspun Enterprise: The company emerged as the lowest bidder for the development of a 2,000 million-litre per-day water treatment plant from the Brihanmumbai Municipal Corp.

Bharat Petroleum Corp: The company's joint venture, Petronet LNG, executed a long-term LNG sale and purchase agreement with Qatar Energy for the purchase of approximately 7.5 MMTPA of liquified natural gas on a long-term basis.

Zomato: The company intimated the liquidation of two step-down subsidiaries in Vietnam and the Czech Republic.

ONGC: The company formed a joint venture pact with NTPC Green for renewable energy, Bloomberg reported. The joint venture will focus on offshore wind projects.

Indraprastha Gas: The company signed a Memorandum of Understanding with two technology partners during India Energy Week 2024 to establish CBG plants across Delhi, Haryana, Rajasthan, and Uttar Pradesh.

Ashoka Buildcon: The company received a Letter of Award worth Rs 520 crore from the National
Highways Authority of India for a project in Bihar.
Piramal Pharma: The U.S. FDA conducted a pre-approval inspection of the company's U.S.-based facility from Jan. 29 to Feb. 6 and found three observations.

Action Construction Equipment: The company will purchase land worth Rs 82 crore for further capacity and business expansion.

SJVN: The company received a Letter of Intent from Gujarat Urja Vikas Nigam for a 200 MW solar power project.

Bajaj Alliance: The company reported a total new business premium of Rs 951 crore in January and a gross direct premium of Rs 1,975 crore.Kalyani Steels is declared successful bidder for Kamineni Steel

Piramal Pharma with 3 observations for the US facility Piramal Pharma Limited's Riverview
Alert: US FDA conducted Pre-Approval Inspection (PAI) of Piramal Pharma Limited's riverview Fm Jan 29-Feb 6, 2024

Kalyani Steels is declared successful bidder for Kamineni Steel

Our SRPP portfolio gained one year FD interest in less then 15 days.

ACTION CONSTRUCTION EQUIPMENT: Q3 SL NET PROFIT 885M RUPEES VS 447M (YOY) || Q3 REVENUE 7.5B RUPEES VS 5.55B (YOY)

ACTION CONSTRUCTION EQUIPMENT: Q3 EBITDA 1.03B RUPEES VS 626M (YOY) || Q3 EBITDA MARGIN 13.67% VS 11.28% (YOY)💪

KINGFA SCIENCE & TECH: Q3 SL NET PROFIT 243M RUPEES VS 202M (YOY) || Q3 REVENUE 3.94B RUPEES VS 3.39B (YOY)

KINGFA SCIENCE & TECH: Q3 EBITDA 379M RUPEES VS 296M (YOY) || Q3 EBITDA MARGIN 9.63% VS 8.72% (YOY)

GODAWARI POWER & ISPAT: Q3 CONS NET PROFIT 2.29B RUPEES VS 1.4B (YOY) || Q3 REVENUE 13.09B RUPEES VS 14.6B (YOY)

GODAWARI POWER & ISPAT: Q3 EBITDA 3.31B RUPEES VS 1.8B (YOY) || Q3 EBITDA MARGIN 25.29% VS 12.17% (YOY)

STOCKS IN ACTION 7 February

UPL: Moody's Investors Service downgraded the company's senior unsecured rating to 'Ba1' from
'Baa3' on deterioration in the agrochemical industry fundamentals.

JB Chemicals & Pharmaceuticals: The company appointed Narayan Saraf as chief financial officer effective Feb. 23.

Biocon: The company received USFDA tentative approval for Dasatinib tablets, which are used in the treatment of the Philadelphia chromosome.

Lupin: The company received USFDA approval from ANDA for bromfenac ophthalmic solution, which is a generic of bromsite.

Power Finance Corp: The company incorporated Bhadla-III and Bikaner-Ill transmission as a wholly owned subsidiary for the development of transmission system strengthening for interconnections of the Bhadla Ill and Bikaner-ll complexes.

Yasho Industries: The company begins a trial run at the Bharuch unit for manufacturing industrial chemicals.

Karnataka Bank: The company received an RBI nod for exercising the call option on bonds.

Mahindra Lifespace Developers: The company received an Irdai nod for a Rs 1,612 crore capital infusion by Axis Bank, subject to CCI approval.

Mahindra Life: The company received a Rs 2.3 crore penalty for non-adherence to forest norms.

Tata Motors: tops Titan in M-cap to regain second most valuable group company tag

MaxLife: Gets IRDAI approval for capital infusion of up to ₹1,612 crore by Axis Bank in the company, subject to the approval of CCI

SBILifeInsurance: buys shares of Krishna Institute of Medical Sciences for Rs 239 crore through an open market transaction.

STOCKS IN ACTION 6 February

One 97 Communication: Paytm operator One97 Communications Ltd. has denied reports of investigation or violation of foreign exchange rules by the company or its associate Paytm
Payments Bank.

Jio Financial Services: The company has denied being in talks to acquire the crisis-hit Paytm wallet of One 97 Communications.

Zee Entertainment Enterprise: The National Company Law Tribunal will hear on Tuesday a plea filed by the company regarding the recently terminated merger with Sony Group Corp's Indian subsidiary.

Adani Total Gas, INOX India: The two companies have entered into a mutual support agreement under which ATGL and INOXCVA will mutually accord a "preferred partner" status for the delivery of LNG and LCNG equipment.

Pidilite Industries: The company announced the inauguration of a new manufacturing facility in Sandila, near Lucknow, for its tile adhesive brand, Roff.

Triveni Turbine: The company incorporated a wholly-owned subsidiary, 'Triveni Turbines Americas Inc. in Texas, USA.

Styrenix Performance Materials: The company was awarded the contract to Mott Macdonald to set up the brownfield expansion project to increase the annual capacity of ABS from 85 KT to 210
КТ.

Indian Energy Exchange: The total volume stood at 10,893 MU, up 26.1% year-on-year for the month of January.

Hindalco Industries: The company bought a 26% stake in Ayana Renewable Power for Rs 1.63
crore.

JK Cements: The company approved the merger of units Acro Paints and JK Maxx.

SP Apparels: The company acquired a 100% stake in Youn brand apparel, a subsidiary of Bannari Amman Spinning Mills for Rs 223 crore.

STOCKS IN ACTION 5 February

Bajaj Finance: The non-banking financial company will acquire a 7% stake on a fully diluted basis in RMBS Development Co. for an undisclosed amount.

Aurobindo Pharma: The USFDA inspected the company's unit in Telangana and closed with nine inspections. The company temporarily stopped manufacturing on certain lines.

India Cements: The Enforcement Directorate searched the company's Chennai office and was looking into certain forex transactions done by associate company India Cements Capital.

H.G. Infra Engineering: The company received a letter of acceptance from the Central Railway for a Rs 716 crore construction project.

Mahindra and Mahindra Financial Services: The company reported disbursement at Rs 4,440
crore, up 11% YoY, and collection efficiency at 95%.

Cochin Shipyard: The company received a contract worth Rs 150 crore from the Indian Navy for medium refits of two vessels.

Torrent Pharmaceuticals: Sudhir Mehta will step down as director and continue to be the chairman emeritus, effective April 1.

Atul: The company completed capacity expansion at the DCDPS plant and approved an investment of Rs 99.5 crore for expansion.

Torrent Power: The company will set up 150 MW of solar power projects at four of Shapoorji's desalination plants.

India Glycols: The company expanded the capacity of the grain-based distillery plant in Gorakhpur to 290 KLPD from 110 KLPD.

Air India: has taken the delivery of its second Airbus A350 aircraft