Stocks To Watch
Indian Railway Finance Corp.: The company has been selected as the lowest bidder to finance Rs 3,167 crore for the development of a coal block in Jharkhand. This project is being executed by Patratu Vidyut Utpadan Nigam Ltd., a joint venture between NTPC Ltd. and Jharkhand Bijli Vitran Nigam Ltd.
Allcargo Gati: The company reported a total volume of 113kt for December 2024, including surface and air express, compared to 105kt in December 2023 and 102kt in November 2024.
Federal Bank: The bank has received an order from the Office of the Principal Commissioner, Central Board of Indirect Taxes and Customs, Kochi, imposing a penalty of Rs 10,46,59,172. It will file an appeal against this order.
ASK Automotive: Arm ASK Automobiles Pvt. Ltd. has started commercial production at its manufacturing facility in Karnataka.
Quadrant Future Tek: The company has appointed Amit Kumar Jain as chief executive officer and Mohit Vohra as managing director.
Adani Green Energy: Adani Renewable Energy Forty-Eight Ltd., a step-down subsidiary of Adani Green Energy Ltd., has successfully commissioned a 57.2 megawatt of wind power component at the Khavda project. With this addition, the companyβs total operational renewable generation capacity now reaches 11,666 MW.
Syngene International: The company has received certificates in form two from the Commissioner of Income Tax for the assessment years 2012-13 to 2018-19 under the 'Direct Tax Vivad Se Vishwas Scheme.' The company is now required to pay a total tax amount of Rs. 9,46,57,694 for these assessment years.
Blue Dart Express: The company has launched India's largest low emission integrated operating facility in Delhi. This facility, featuring solar power installations, links various air and ground services between North India and the rest of the country.
Jammu and Kashmir Bank: The Securities Exchange Board of India has warned Jammu & Kashmir Bank to consistently disclose management disclosures to exchanges. This has come as the bank was late in disclosing the Reserve Bank of India's approval of Amitava Chatterjee as its managing director and chief executive officer of the bank.
Finolex Cables: The company has launched a new product namely βFinoUltraβ. It is a wired product that will cater to the domestic market.
Hero Motocorp.: The company has launched the Destini 125 scooter in three variants, with prices ranging from Rs 80,450 to Rs 90,300.
Sula Vineyards: The company achieved its highest-ever revenue from its own brands and wine Tourism in the third quarter of fiscal 2025. Net revenue decreased by 0.7% year-on-year to Rs 217 crore. Revenue from its own brands grew by 1% year-on-year to Rs 195 crore. While revenue from its wine tourism increased by 11.5% year-on-year to Rs 16.4 crore.
Escorts Kubota: The Delhi High Court has dismissed the appeal filed by the Income Tax Department against the company for the assessment year 1986-87, reducing the tax implication by Rs 0.84 crore.
PCBL: The company name has been changed from 'PCBL Ltd.' to 'PCBL Chemical Ltd.,' effective from Jan. 20, 2025.
GMR Airports: Vistra ITCL (India) Ltd., acting as debenture trustee and security trustee, has released a 6.4% stake in GMR Airports.
Glenmark Life Sciences: The company name has been changed from 'Glenmark Life Sciences Ltd.' to 'Alivus Life Sciences Ltd.,' effective from Jan. 20, 2025.
Optiemus Infracom: The companyβs wholly owned subsidiary, 'Optiemus Unmanned Systems Pvt., has partnered with Taiwan-based drone manufacturer KunWay Technology to produce their extensive range of drones in India.
Larsen & Toubro: The company has launched its the second multi-purpose vessel for the Indian navy from its Kattupalli Shipyard near Chennai.
Innova Captab: The company has announced the start of commercial production at its state-of-the-art manufacturing facility in Kathua, Jammu. With this expansion, the company now operates a total of five manufacturing facilities and nine independent manufacturing blocks at the consolidated level.