π₯ Stocks in News π₯
Zydus Life :- Company gets US FDA final approval for Fludrocortisone Acetate tablets USP, 0.1 mg. (Positive)
Torrent Power :- Company signs share purchase agreement with Torrent Investments and Torrent Electricals. (Positive)
Western Carriers :- Company wins Rs 41 Cr contract for Tata Steel Sponge Iron Joda plant (Positive)
Diamond Power :- Company has received a letter of intent from Reverence Infrastructure India LLP worth Rs. 99.94 Cr for supply of Power Cables. (Positive)
Landmark Cars :- Company receives LOI from BYD India for new showroom in Faridabad (Positive)
Sterlite Technologies :- Company integrates Nvidia Edge AI into Fibre Optic Sensing Solution. (Positive)
Honasa :- Mamaearth secures third position among the top skincare brands in India. (Positive)
Maithan Alloys :- Production at Byrnihat unit will be resumed by next week and gradually scaled up. (Positive)
Axis Bank :- Net Profit at Rs 6918 cr vs Poll of Rs 6478 cr , NII at Rs 13620.4 vs Poll of Rs 12314.0 cr. (Positive)
Adani Enterprises :- Company raises USD 500 million primary equity to further its growth plans. (Neutral)
Wipro :- Net Profit at Rs 3014 cr vs Poll of Rs 3011 cr , Revenue at Rs 22302 vs Poll of Rs 22249 cr. (Neutral)
LTI Mindtree :- Net Profit at Rs 1251 cr vs Poll of Rs 1227 cr , Revenue at Rs 9432.9 vs Poll of Rs 9450 cr. (Neutral)
Infosys :- Net Profit at Rs 6506 cr vs Poll of Rs 6755 cr , Revenue at Rs 40986 vs Poll of Rs 40878 cr. (Neutral)
Polycab :- Net Profit at Rs 445.2 cr vs Poll of Rs 452 cr , Revenue at Rs 5498.4 vs Poll of Rs 5062 cr. (Neutral)
Zomato :- Company board to consider fund raising via QIP on Oct 22 (Neutral)
KPIT Technologies :- Company will release its Q2 FY2025 results on October 23, 2024 (Neutral)
Indian Overseas Bank :- Net Profit at Rs 777 cr vs Rs 624 cr(YoY) , Revenue at Rs 8484 vs Rs 12314.0 cr. (YoY) (Neutral)
DCW :- Company to invest Rs 140 Cr for expansion of CPVC production capacity (Neutral)
Tanla Platforms :- Net Profit at Rs 130 cr vs Rs 142 cr (YoY) , Revenue at Rs 1000 vs Rs 1008 cr. (YoY). (Neutral)
Muthoot Capital :- Company board meeting on Oct 22 to consider issuance of NCDS up to Rs 2.5 billion on private placement basis. (Neutral)
Matrimony .com :- Company approves buyback worth Rs 72 Cr. (Neutral)
Dhanlaxmi Bank :- Board meeting ON October 22 to consider rights issue for fund raising. (Neutral)
Reliance Ind :- Mothercare plc and Reliance Brands Holding UK Limited announce strategic Joint Venture for South Asia. (Neutral)
IRCTC :- Clarifies On Change In Advance Reservation Period to 60 Days Instead Of 120 Days. (Neutral)
TCS :- Company has set October 18, 2024, as the record date to determine shareholders' eligibility for its latest dividend payout (Neutral)
Adani Total Gas :- Company faces 16% reduction in APM natural gas allocation for CNG (Negative)
Mahanagar Gas :- Company faces 20% reduction in APM natural gas allocation for CNG (Negative)
Tata Chemical :- Net Profit at Rs 267 cr vs Rs 495 cr (YoY) , Revenue at Rs 3999 vs Rs 3998 cr. (YoY). (Negative)
Indraprastha Gas :- There has been a major reduction in domestic gas allocation to Company; revised domestic gas allocation to Company is about 21% lesser than previous allocation (Negative)
MTNL :- Punjab & Sind Bank turns companyβs accounts into NPA w.e.f. October 8, 2024 (Negative)
Shemaroo Ent :- Net loss at Rs 26.9 cr vs Net Profit Rs 4.60 cr (YoY) , Revenue at Rs 152 vs Rs 191 cr. (YoY) (Negative)
Wipro :- Revenue from our IT Services business segment to be in the range of $2,607 million to $2,660 million (Negative)
CEAT :- Net Profit down 41.4% at βΉ121.9 cr vs βΉ208 cr, Revenue up 8.2% at βΉ3,304.5 cr vs βΉ3,053.3 cr (YoY) (Negative)
Manappuram :- RBI takes action against select NBFCs including NBFCs-MFIs including subsidiary Asirvad microfinance. (Negative)