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Stocks To Watch

Bharti Airtel

The telecom operator has entered into an agreement to acquire a 26% equity stake in AMP Energy Green Three for Rs 37.89 crore. AMP Energy is a special purpose vehicle formed for owning and operating a captive power plant.

Varun Beverages

The company has invested Rs 412.8 crore by subscribing to ordinary shares of its subsidiary, The Beverage Company Proprietary, South Africa.

Indian Railway Finance Corporation (IRFC)

IRFC has signed a Memorandum of Understanding (MOU) with REMC to collaborate on financing renewable energy projects awarded by REMCL for supply to Indian Railways. The partnership also extends to exploring financing options for thermal, nuclear, and renewable power projects established under a captive model through joint ventures involving Indian Railways and other entities. REMC is a joint venture of the Ministry of Railways (MOR) and RITES.

RITES

The company has received a work order worth Rs 69.78 crore for the R3Y/R6Y repair of 43 WDS6 locomotives over three years, from Steel Authority of India - Bhilai Steel Plant.

NHPC

The company has received the second gross payment of Rs 250 crore under the Mega Insurance Policy against the insurance claim for Business Interruption (BI) losses caused by a flash flood that occurred on October 4 at the Teesta-V Power Station (510 MW).

Biocon

The company’s subsidiary, Biocon Pharma, has received approval for Tacrolimus capsules in 0.5mg, 1mg, and 5mg strengths from the National Medical Products Administration (NMPA), China. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients, reducing the body’s ability to reject a transplanted organ.

Axiscades Technologies

Arun Krishnamurthi has resigned as Chief Executive Officer & Managing Director of the company, due to personal reasons, effective January 2.

Honasa Consumer

Master Zairus has resigned as Chief Business Officer of the company, effective February 28, 2025, due to personal reasons.

Wockhardt

The Indian drug regulator, the Central Drugs Standard Control Organization (CDSCO), has approved the new-generation oral antibiotic Miqnaf (nafithromycin). Miqnaf is used in the treatment of community-acquired bacterial pneumonia (CABP) in adults.

Pricol

The Board has approved the divestment of the wiping business division of the company to Auto Ignition on a slump sale basis for Rs 20 crore.

Allcargo Logistics

CELM Logistics SA de CV, Mexico, a step-down wholly owned overseas subsidiary of the company, has been voluntarily liquidated effective December 12, 2024. Consequently, CELM Logistics SA de CV, Mexico, has ceased to be a step-down wholly owned overseas subsidiary of the company.

PB Fintech

The company has incorporated its wholly owned subsidiary, PB Healthcare Services.

Swan Energy

The name of Reliance Naval and Engineering has been changed to Swan Defence and Heavy Industries.

Dear Viewers,
Greetings. Indian market is expected to open negative with a loss of more than 80 points from previous closing. Asian markets are trading mild positive. US market closed negative in the last trading session.

https://youtu.be/EE1pG3Z7K4c

Stocks To Watch

RailTel Corporation of India

The company has received a work order worth Rs 78.43 crore from Bharat Coking Coal. It will provide integrated IT-based security infrastructure along with various types of services.

NMDC

The company's iron ore production increased by 5.1% YoY to 4.71 million tonnes (MT) in December 2024, compared to 4.48 MT in the same month the previous year. However, iron ore sales fell by 6.7% to 3.91 MT from 4.19 MT during the same period.

Ambuja Cements

The company received an observation letter with ‘no adverse observations’ from the BSE and a ‘no objection’ from the National Stock Exchange of India on January 1, regarding the Scheme of Amalgamation between Adani Cementation and the company.

Ugro Capital

The company has entered into a Share Purchase Agreement and Shareholders’ Agreement for the acquisition of shares in “MyShubhLife” (Datasigns Technologies), an embedded finance fintech platform based in Bangalore, from its existing shareholders. Completion of the acquisition is subject to the satisfaction of certain conditions.

Maruti Suzuki India

The company announced the production of 1,57,654 vehicles in December 2024, a 30.3% increase compared to 1,21,028 vehicles produced in the same month last year.

Ind-Swift Laboratories

The company has completed the purchase of land measuring 40 bighas at Derabassi, Punjab, for Rs 17.72 crore. The land will be utilized to set up a new formulations facility.

Deepak Spinners

Punam Chand Sharma has resigned as the Chief Financial Officer of the company, effective January 1.

Ashoka Metcast

Dipak Pandit Nikam has resigned from the position of Chief Financial Officer of the company, effective January 1, due to personal reasons.

The Ruby Mills

The company has entered into a loan agreement of Rs 250 crore with Union Bank of India.

Goa Carbon

The company has resumed operations at its Bilaspur unit in Chhattisgarh, and production has been normalized as of January 1.

Indian Bank

Shanti Lal Jain ceased to be the Managing Director and CEO of the bank, effective January 1, upon superannuation.

Dear Viewers,
Good Morning. Indian market is expected to open flat negative near the previous closing.

https://youtu.be/sgjQMorP0oU

Stocks To Watch

SJVN

The company has signed a Memorandum of Understanding (MoU) with the Bihar government for the development of the 1,000 MW Hathidah Durgawati Pumped Storage Project and other PSPs.

Sun Pharmaceutical Industries

The pharma major has entered into an agreement with Zaza Industrial Holdings KK, Japan, to sell 100% of its shares in Sun Pharma Japan Technical Operations, a step-down subsidiary (through its subsidiary Sun Pharma Japan), for Japanese yen one only. Consequently, Sun Pharma Japan Technical Operations will cease to be a subsidiary of the company.

ITC

Following the demerger of the company’s hotels business into ITC Hotels, effective January 1, 2025, the entire shares held by ITC in eight companies—Fortune Park Hotels, Bay Islands Hotels, Landbase India, WelcomHotels (Lanka), Srinivasa Resorts, International Travel House, Gujarat Hotels, and Maharaja Heritage Resorts—will be transferred to ITCHL, effective January 1.

Kalpataru Projects International

The EPC company has secured new orders worth Rs 1,011 crore, including from the transmission & distribution and railway businesses in India. With this order, the year-to-date (YTD) order inflows now exceed Rs 17,300 crore.

Piramal Enterprises

The company has invested Rs 1,000 crore in its subsidiary, Piramal Capital & Housing Finance, through a rights issue subscription. Piramal Capital will utilize the amount for business and general corporate purposes. There is no change in the company’s shareholding percentage in Piramal Capital following this investment.

Utkarsh Small Finance Bank

The bank has sold its portfolio of unsecured stressed microfinance institution (MFI) loans (non-performing assets and written-off accounts), with an outstanding of Rs 354.54 crore, to an Asset Reconstruction Company (ARC) for Rs 52 crore.

LT Foods

The company has completed the acquisition of a 17.5% stake in Nature Bio-Foods, its organic arm, from India Agri Business Fund II Limited, for Rs 110 crore. Post-acquisition, Nature Bio-Foods has become a wholly-owned subsidiary.

Newgen Software Technologies

The company has accepted an award letter for a project worth $1.64 million for providing credit automation services and a purchase order worth Rs 20.9 crore for the Newgen Remittance system license cost. Additionally, its subsidiary, Newgen Software Technologies Pte in Singapore, has received a project worth SGD 1.74 million for a knowledge and records management system (KRMS). Another subsidiary, Newgen Software Inc in the US, has executed a scope of work worth $1.8 million with a banking client for digital account opening, retail loans, ECM, and collection upgrades.

IndoStar Capital Finance

The company has approved the sale of a portion of its commercial vehicle loan book to Assets Care & Reconstruction Enterprise. The sale includes accounts tagged in Stage 3, with dues outstanding aggregating Rs 174 crore.

TVS Holdings

The company has sold its entire shareholding of 25.54 crore equity shares, representing a 100% stake in its subsidiary TVS Emerald, to VEE ESS Trading (a promoter group company) for Rs 485.85 crore.

Hazoor Multi Projects

The Board has approved the appointment of Francisca Rosario as Chief Financial Officer and Radheshyam Laxmanrao Mopalwar as Chairman, replacing Pawankumar Nathmal Mallawat. Dineshkumar Laxminarayan Agrawal has resigned as Executive Director, and Akshay Pawan Kumar Jain as Whole-Time Director of the company.

Persistent Systems

Sunil Sapre retired as Executive Director of the company, effective December 31.

Captain Pipes

The company has approved fund-raising of Rs 20.6 crore and the issue of 1.25 crore shares on a preferential basis to investors at a price of Rs 16.5 per share.

Vishnu Prakash R Punglia

The company has received a contract worth Rs 7.3 crore from Hissar Builders for fabricating FOB steel girders at Gamharia, SINI, and Rajkharswan (RKSN) stations in the Chakradharpur division.

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of more than 60 points from previous closing. Most of the Asian markets are holiday. US market closed negative in the last trading session.

https://youtu.be/G-fLNSdqhbo

Garden Reach Shipbuilders & Engineers

The company has signed a contract for the construction and delivery of the second ship from a series of four additional 7,500 DWT multi-purpose vessels in Germany. In September, the company had secured an order for the construction and delivery of four additional multi-purpose vessels of 7,500 DWT each.

Subex

The company's subsidiary, Subex Account Aggregator Services, has surrendered its Account Aggregator license to the Reserve Bank of India.

Spandana Sphoorty Financial

Rating agency ICRA has reaffirmed its A+ (Negative) rating on Spandana Sphoorty’s long-term fund-based term loan and non-convertible debentures. However, the outlook has been revised to negative from stable, citing deterioration in asset quality and profitability in H1 FY25, with an expected weak overall performance in the near term.

Stocks To Watch

GPT Healthcare

The company has entered into a Memorandum of Understanding (MOU) for the construction and finishing of a hospital building at Jamshedpur, Jharkhand.

Mishtann Foods

SEBI has asked Mishtann Foods to retrieve nearly Rs 100 crore that it misappropriated or diverted through group entities and transferred to the company's promoters and directors. The regulator has also restrained the company from raising money from the public, and prohibited its promoters and senior management from accessing the securities market. Additionally, 12 entities have been barred from associating with any registered intermediary until further orders.

RITES

The company has been appointed as the project management consultant for the execution, supervision, monitoring, and development of the Phase II campus of the Indian Institute of Management Raipur (Chhattisgarh) project, on a cost-plus basis, by the Indian Institute of Management Raipur. The project is worth Rs 148.25 crore.

Canara Bank

The Reserve Bank of India has given its approval to Canara Bank to divest its shareholding in Canara Robeco Asset Management Company and Canara HSBC Life Insurance Company by 13% and 14.5%, respectively, through an initial public offer (IPO). Furthermore, the bank must adhere to the October 31, 2029, timeline for reducing its stake in these entities to 30%. Following RBI approval, Canara Bank will initiate the IPO process.

FSN E-Commerce Ventures (Nykaa)

Nihir Parikh has resigned as CEO of Nykaa Fashion.com, effective December 5, due to personal commitments.

Shriram Pistons & Rings

The company has executed a renewal of its technical collaboration agreement with Fuji Oozx Inc, Japan, for five years, effective December 5.

Cummins India

Ajay Shriram Patil has resigned as Chief Financial Officer of the company due to personal reasons, effective January 9, 2025.

Dr Reddy’s Laboratories

The company's step-down wholly owned subsidiary, Dr. Reddy’s Laboratories Kazakhstan LLP, has received a penalty order of KZT 17,597,212 (Rs 2.87 million) from the Department of State Revenue, Bostandyk, Kazakhstan, for disallowance of claim of certain expenses by the tax authorities for CY 2021.

Waaree Energies

The solar PV module manufacturer has secured NABL accreditation for its PV module testing lab at the module manufacturing facility in Chikhli, Gujarat.

Ola Electric Mobility

The company has received further communication from the Central Consumer Protection Authority (CCPA), requesting additional documents and information in relation to its previous response. The CCPA has provided a 15-day timeline for submitting the required information. Ola Electric had received a Show Cause Notice from the CCPA in October.

Afcons Infrastructure

Afcons Infrastructure has completed the longest tunneling drive between the Tughlakabad Airforce Launching Shaft and Maa Anandmayee Marg Station on the Tughlakabad-Aerocity corridor, for the Delhi Metro Rail Corporation (DMRC) as part of the Delhi Metro Phase IV project.

Ramco Systems

Aviation software specialist Ramco Systems has entered into a partnership with Hanjin Information Systems & Telecommunication Co (HIST), a leading ICT services company and a subsidiary of the Hanjin Group, Korea. The partnership will enable aviation organizations headquartered in Korea to digitally transform their M&E and MRO operations.

Dear Viewers,
Good Morning. Indian market is expected to open flat positive with a gain of 20 points from previous closing. Asian markets are trading mixed. US markets ended negative in the last trading session.

https://youtu.be/vjjvqRdkzjk

Mazagon Dock Shipbuilders

The company has issued a clarification on a media report related to three additional submarines of the Scorpene class under project 75. It said that, in this connection, commercial negotiations regarding the project are in process, and it has yet to receive any final communication in this regard.

Suraj Estate Developers

The company's subsidiary, Iconic Property Developers, has purchased, through a Conveyance Deed, a vacant parcel of land (1,464 square meters) in Mahim, Mumbai, for Rs 101 crore. The entire amount, along with stamp duty and registration charges, has been fully paid. The company will develop a commercial building with an expected gross development value of Rs 525 crore.

HT Media

The National Company Law Tribunal (NCLT) has approved the merger of HT Mobile Solutions with the company.

Technopack Polymers

The board has approved the issuance of one bonus share for every one share held by the eligible equity shareholders of the company as of the record date.

Vimta Labs

Rama Narahai Naidu Dodda has resigned as Chief Financial Officer of the company, effective December 10, as he wants to pursue career opportunities outside the company.

Muthoot Microfin

The Kerala-based microfinance institution has reduced lending rates by 25 basis points for income-generating loans and by 125 basis points for third-party product loans.

Stocks To Watch

Indus Towers

Vodafone Group Plc has announced its plan to sell the remaining 3 percent stake in Indus Towers, or 7.92 crore shares, and use the funds for the repayment of $101 million in settling outstanding dues. According to CNBC-TV18 sources, Vodafone Group Plc's units Omega Telecom Holding & Usha Martin Telematics are likely to sell the said stake in Indus Towers, with the offer size ranging between Rs 2,716.9 crore and Rs 2,835.8 crore at the offer price of Rs 343-358 per share. Meanwhile, Indus Towers has released the pledge on 3.003% of shares held by Vodafone promoters in the company on December 4, to enable the relevant Vodafone promoters to execute the sale of such shares.

PG Electroplast

The company has opened its qualified institutions placement (QIP) issue on December 4. The board has approved the floor price at Rs 705.18 per share. According to CNBC-TV18 sources, the QIP size may be up to Rs 1,500 crore. The issue proceeds will be used for working capital requirements, repaying debt, and general corporate purposes.

Bharat Forge

The Pune-based forging company has announced the launch of a qualified institutions placement (QIP) book on December 4. The board has set a floor price at Rs 1,323.54 per share. According to CNBC-TV18 sources, the issue size may be up to Rs 1,650 crore.

Indraprastha Gas

The board will be meeting on December 10 to consider the issue of bonus shares to the equity shareholders.

Torrent Pharmaceuticals

The pharma company has entered into an agreement to acquire three anti-diabetes brands: Cospiaq (empagliflozin), Cospiaq Met (empagliflozin + metformin), and Xilingio (empagliflozin + linagliptin) from Boehringer Ingelheim International GmbH (BI). The acquisition is expected to be completed in March 2025. Torrent has been marketing these brands since 2022 as part of an existing co-marketing agreement with Boehringer Ingelheim India.

Dynamic Services & Security

The company has received an offer letter for a mega project from the Maharashtra government to set up a new project for the manufacturing of solar PV panels (1,800 MW) in Raigad. The company has decided on a fixed capital investment of Rs 1,080 crore for the project.

Larsen & Toubro

The company has completed the acquisition of a 15% stake in E2E Networks via preferential allotment. The secondary acquisition of 6% from the promoter of E2E Networks is expected to be completed on or before May 30, 2025.

Mastek

Arun Agarwal has resigned as Global Chief Financial Officer of the company, effective December 3.

Bondada Engineering

The company has received an order worth Rs 108.9 crore from Bihar Renewable Energy Development Agency. The work order involves the design, supply, and installation of remote monitoring systems for the smart solar street light system on identified existing electric poles under the Mukhyamantri Gramin Solar Street Light Yojana in Bihar state on an EPC basis.

Gallantt Ispat

Under the industrial promotion policies of the state governments, the company has been partly reimbursed Rs 80.45 crore against the payment of State Goods and Services Tax (SGST) paid by the company.

Force Motors

The company has reported a 0.05% increase in total sales for November, with 1,885 units sold, up from 1,884 units sold in the same month last year. Domestic sales grew by 12.4% to 1,736 units, but exports fell by 56% to 149 units during the same period.

Hero MotoCorp

The two-wheeler major has launched three variants of the V2 series of electric scooters - VIDA V2 – PRO, PLUS, and LITE, with the starting price at Rs 96,000.

Dear Viewers,
Good Morning.

https://youtu.be/baoqVwPawj0

Stocks To Watch

Wipro

The technology services and consulting company announced a partnership with Netskope, a secure access service edge (SASE) leader, to provide cybersecurity optimization advisory services to global enterprises.

Oil and Natural Gas Corporation

ONGC has been allotted 490.62 crore equity shares of Rs 10 each by ONGC Petro Additions (OPaL) via a rights issue. After the said allotment, the shareholding of the company in OPaL has increased by 1.12% to 95.69%, from 94.57% earlier.

Rail Vikas Nigam

RVNL has received a Letter of Acceptance for a project worth Rs 186.76 crore from East Central Railway. The project involves the design, supply, erection, testing, and commissioning of traction substations with associated switching posts for the upgradation work of the electric traction system from 1X25 to 2X25 KV AT feeding system in the Gomoh - Patratu section of the Dhanbad Division of East Central Railway.

Indian Energy Exchange

The electricity exchange achieved an electricity traded volume of 9,689 MU in November, showing a 15.7% year-on-year increase. Despite an increase in power demand, the market clearing price in the Day Ahead Market (DAM) at Rs 3.30 per unit in November declined 17.3% YoY, and the market clearing price in the Real-Time Market (RTM) at Rs 3.46 per unit dropped 13.4% YoY. The DAM volume increased by 9.8% YoY to 5,651 MU, and the RTM volume jumped 28% YoY to 3,019 MU in November.

EPACK Durable

The senior intelligence officer and inspectors of the Special Intelligence and Investigation Branch (SIIB) conducted a search at the company's manufacturing facility in Bhiwadi, Rajasthan on December 2. After a thorough examination of the manufacturing plant, the SIIB officials concluded their visit on the same day without seizing any documents or items.

Nitiraj Engineers

The company has been authorized as a Drone Remote Pilot Training Organization (RPTO) by the Directorate General of Civil Aviation (DGCA), Government of India.

Kore Digital

The board has approved the issue of two bonus equity shares of Rs 10 each for every one (1) equity share held as of the record date.

Kaynes Technology India

The company's subsidiary, Kaynes Singapore, has acquired a 54% stake in Austria-based Sensonic Austria. They will deliver technological solutions to customers worldwide.

Hero MotoCorp

The company has extended its title sponsorship of the Hero World Challenge through 2030. Tiger Woods will continue as the global corporate partner of Hero MotoCorp.

Reliance Power

The Solar Energy Corporation of India (SECI) has withdrawn the debarment notice issued to the company with immediate effect. Accordingly, the company and its subsidiaries, except Reliance NU BESS, are eligible to participate in all tenders issued by SECI.

PTC India

The Board has appointed Mini Ipe as an Additional Director of the company and designated her as an Independent Director for three years, effective from December 7, subject to the approval of the shareholders of the company. Mini Ipe is a former MD of Life Insurance Corporation of India.

HG Infra Engineering

The company has incorporated a wholly-owned subsidiary, HG Banaskantha Bess, on December 3, for the battery energy storage system.

Thyrocare Technologies

The company has made another tranche of equity investment of USD 1 lakh (equivalent to Rs 84,90,000) in Thyrocare Laboratories (Tanzania), the 50:50 joint venture company formed in Tanzania to provide diagnostic and healthcare services.

Wonderla Holidays

The company has opened its Qualified Institutions Placement (QIP) issue on December 3. The floor price has been fixed at Rs 829.74 per share.

Dear Viewers,
Good Morning. Indian market is expected to open flat near previous closing. Asian markets are trading flat and weak. US market closed positive in the last trading session.

https://youtu.be/bscz0cw79cU

Stocks To Watch

Protean eGov Technologies

NSE Investments, the non-promoter shareholder, will be selling up to a 20.31% stake in Protean via an offer-for-sale (OFS) from November 22-25. The OFS includes a base issue size of 10.16% equity and a greenshoe option of 10.16% equity. The floor price for the issue has been fixed at Rs 1,550 per share.

SJVN

The company has signed a Memorandum of Understanding (MoU) with the Energy Department of the Rajasthan government for the development of renewable energy in the state. SJVN would develop 5 GW of pumped storage projects and 2 GW of floating solar projects in the state.

Afcons Infrastructure

The company has received a Letter of Acceptance for a project worth Rs 1,274 crore from the Uttarakhand Project Development and Construction Corporation. The project involves civil works, including HM works for the construction of a 130.6-meter high concrete gravity dam and appurtenant works across the River Song at the Song Dam project in Dehradun.

Hyundai Motor India

The automobile company will set up two renewable energy plants in Tamil Nadu and has signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy (FPEL). It currently fulfills 63% of its energy requirements using renewable sources and aims to reach 100%. As part of the partnership with FPEL, Hyundai will invest Rs 38 crore towards setting up these renewable energy plants. Hyundai will hold a 26% stake, and FPEL will hold a 74% equity stake in the project.

LTIMindtree

Life Insurance Corporation of India (LIC) bought a 2.001% stake in LTIMindtree between March 20 and November 11, 2024, via open market transactions, increasing its shareholding in the company from 5.033% to 7.034%.

Infosys

The Georgia Department of Labor, USA, has imposed a penalty of $3.28 million on the company for the period from Q3CY19 to Q1CY24. The company is in the process of seeking clarifications on the pending tax amounts and the levy of penalties.

Tata Power

The company has signed a Memorandum of Understanding (MoU) with the Asian Development Bank for $4.25 billion to finance key clean energy power projects.

Nippon Life India Asset Management

The company has executed a definitive agreement with One Place Commercials for the purchase of commercial office space in Lower Parel, Mumbai, for Rs 486 crore.

Innovators Facade Systems

The company has received a work order worth Rs 110 crore from Prestige Mulund Realty for the design, development, supply, fabrication, and installation of facade work, including stone cladding.

Mphasis

The company has been named the ‘Official Digital Partner’ of MoneyGram Haas F1 Team, announcing a multi-year, technology-driven partnership. It will collaborate closely with the MoneyGram Haas F1 Team to develop solutions for enhancing the team's performance on the track and driving operational efficiency off the track.

Raymond

The company has received a 'No Observation Letter' from the NSE & BSE for the scheme of arrangement between the company and Raymond Realty.

Dear Viewers,
Good Morning. Indian market is expected to open positive with a gain of more than 100 points from previous closing. Asian markets are mostly trading positive. US market closed flat in the last trading session.

https://youtu.be/befBl9lMmSk

Aegis Logistics

The company’s subsidiary, Aegis Vopak Terminals, has filed a draft red herring prospectus with the capital markets regulator to raise Rs 3,500 crore via an initial public offering (IPO). It is an entirely fresh issue with no offer-for-sale component.

Garden Reach Shipbuilders & Engineers

The company has signed a contract worth Rs 226.2 crore with the Transport Department of the Government of West Bengal for the delivery of 13 hybrid ferries. These ferries will operate on the River Hooghly under the West Bengal Transport Infrastructure Development Corporation.

NLC India

The company will invest up to Rs 3,720 crore, in one or more tranches, for various renewable projects and acquire a stake by subscribing to equity shares of NLC India Renewables, as part of its asset monetization plan. The renewable energy assets currently on NLC’s books were valued at Rs 6,263 crore as of September 2024.

Aditya Birla Capital

The company has invested Rs 100 crore on a rights basis in Aditya Birla Capital Digital. Following this investment, there is no change in the percentage shareholding of Aditya Birla Capital, and Aditya Birla Capital Digital continues to be a wholly owned subsidiary of the company.

Power Grid Corporation of India

The company has acquired Khavda V-A Power Transmission from the bid process coordinator, REC Power Development and Consultancy, for Rs 18.9 crore. Khavda V-A Power Transmission is the project Special Purpose Vehicle (SPV) formed to establish a transmission system for the evacuation of power from the potential renewable energy zone in the Khavda area of Gujarat on a build, own, operate, and transfer (BOOT) basis.

Godfrey Phillips India

The company has declared an interim dividend of Rs 35 per equity share for the financial year ending March 2025. November 29 has been fixed as the record date for determining the entitlement of shareholders for the interim dividend.

Varun Beverages

The company has raised Rs 7,500 crore via a Qualified Institutions Placement (QIP) issue. The board has approved the allotment of 13.27 crore equity shares to eligible qualified institutional buyers at an issue price of Rs 565 per share.

UPL

Agricultural solutions provider UPL and global investment firm Alpha Wave Global have signed definitive agreements. As per the agreements, Alpha Wave Global will invest $350 million to acquire approximately a 12.5% stake in seed company Advanta Enterprises, a subsidiary of UPL. The transaction consists of a primary investment of $100 million and a secondary sale of $250 million worth of shares in Advanta by UPL. Meanwhile, the company's board has approved raising funds worth Rs 3,377.74 crore via a rights issue at a price of Rs 360 per share, with the record date fixed as November 26.

RITES

The transport infrastructure consultancy has signed a Memorandum of Understanding (MoU) with the National Institute of Solar Energy (NISE) to collaborate on quality assurance (QA) services for solar and renewable energy projects.

SIS

The Board will meet on November 25 to consider a proposal for fund-raising via a debt issue in the form of debentures.

Suditi Industries

The textile and garment manufacturing company has announced the acquisition of the children's wear brand Gini & Jony. Suditi plans to transform Gini & Jony into a dominant player in the kidswear market through an omni-channel strategy, including exclusive brand outlets (EBOs), large format stores (LFS), and e-commerce platforms.

Kilburn Engineering

The company has entered into a share purchase agreement for the acquisition of Monga Strayfield, an engineering company that manufactures radio frequency dryers and heating solutions, for Rs 123 crore.

Jagsonpal Pharmaceuticals

The company has received full consideration of Rs 41 crore for the sale of its Faridabad facility.

TCI Express

HDFC Mutual Fund acquired a 0.26% stake in the company via open market transactions on November 14, raising its total stake to 5.15%, up from 4.89% previously.

Stocks To Watch

Adani Enterprises, Adani Green Energy

Adani group stocks may face selling pressure after the US prosecutors charged founder Gautam Adani in a $250 million (~Rs 2,100 crore) bribery scheme to secure renewable energy contracts in India. The indictment, filed in Brooklyn, New York, accuses Adani, along with others, of orchestrating an elaborate scheme involving false statements to US investors and violations of federal laws. In addition to the criminal charges, the SEC has filed a separate civil lawsuit. The allegations have already hit Adani group's bonds, with notes issued by Adani Green Energy in March falling by a record amount, while bonds from Adani Electricity Mumbai due in February 2030 dropping 8.6 cents on the dollar.

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)

The company has signed an MOU with INEOS Acetyls to explore the feasibility of building a new world-scale 600kt acetic acid plant at its site in Bharuch, Gujarat. INEOS Acetyls is a leading producer of acetic acid globally, and GNFC is the only current producer of acetic acid in India.

Wipro

The technology services and consulting company announced a collaboration with Lineaje to help enterprises secure the open-source components within their software applications. Recently, Wipro’s corporate investment arm, Wipro Ventures, invested in Lineaje, a US-based software supply chain security company.

Easy Trip Planners

The online travel tech platform announced its partnership with BNZ Green to promote eco-friendly green travel and reduce the environmental impact of the tourism industry.

Bharti Airtel

Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel to deploy 4G and 5G equipment across key Indian cities and states. As per the contract, Nokia will deploy equipment from its 5G AirScale portfolio, including base stations, baseband units, and the latest generation of Massive MIMO radios, all powered by its energy-efficient ReefShark System-on-Chip technology.

Godrej Properties

The real estate developer has acquired a 53-acre land parcel in Joka, Kolkata. The proposed project is estimated to have a development potential of 1.3 million square feet of saleable area, primarily consisting of residential plotted development, with an estimated revenue potential of Rs 500 crore.

PSP Projects

Adani Infra (India), the PMC subsidiary of Adani Group, has signed definitive agreements to acquire up to a 30.07% stake in PSP Projects from the existing promoter, Prahladbhai S Patel, for Rs 685.4 crore. Currently, Prahladbhai S Patel and his family own a 60.14% stake in the company. Adani Infra has also announced an open offer to buy up to an additional 26% stake in PSP at a price of Rs 642.06 per share, for Rs 661.8 crore.

Tata Power Company

The company has entered into a strategic partnership with Druk Green Power Corporation (the sole generation utility of Bhutan) to collaborate and develop at least 5,000 MW of clean energy generation capacity in Bhutan. The projects include 2,000 MW of hydro, 2,500 MW of pumped storage, and 500 MW of solar capacities.

Dr Reddy’s Laboratories

The United States Food and Drug Administration (USFDA) completed a Good Manufacturing Practices (GMP) inspection at the company’s API manufacturing facility (CTO-2) in Bollaram, Hyderabad. The inspection was conducted from November 13 to 19. The US health regulator issued a Form 483 with seven observations.

JSW Steel

The company has been declared the preferred bidder for Codli Mineral Block XII, located in Dharbandora, Goa, in an auction held on November 12. The projected iron ore resources stand at 48.5 million tonnes, in addition to 2.7 million tonnes of ore in dumps. Meanwhile, the company’s subsidiary, JSW Steel Italy Srl, signed a commercial agreement with Metinvest Adria S.p.A. As per the agreement, Metinvest is required to pay a release fee of euro 30 million to JSW Steel Italy Piombino SpA for the transaction.

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of more than 70 points from previous closing. Most of the Asian markets are trading negative. US market closed negative in the last trading session.

https://youtu.be/D_umzdlwf6E

Stocks To Watch

Themis Medicare

Gujarat Themis Biosyn will be merged with Themis Medicare. The merger is subject to the approval of the secured creditors and shareholders of both companies, the stock exchanges, SEBI, NCLT, and other regulatory approvals. Themis Medicare will issue 118 shares for every 100 shares held by shareholders in Gujarat Themis Biosyn.

AstraZeneca Pharma

The pharmaceutical company will launch Breztri Aerosphere in January 2025 in India. Breztri Aerosphere is used to relieve symptoms and prevent exacerbations in adult patients with chronic obstructive pulmonary disease (COPD).

Shilpa Medicare

The company's subsidiary, Shilpa Pharma Lifesciences, received the Certificate of Suitability (CEP) from EDQM (European Directorate for the Quality of Medicines & Healthcare) for the API Octreotide. Octreotide is used to treat high levels of growth hormone caused by acromegaly.

PG Electroplast

The company's subsidiary, PG Technoplast, has signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for manufacturing the electric vehicles of Spiro Mobility (Africa’s largest EV player) in India.

ITI

The telecom manufacturing company has received a contract worth Rs 95 crore from the Uttarakhand government for the mining digital transformation & surveillance system (MDTSS) project.

GVK Power and Infrastructure

The company has been admitted into the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. It released the provisional list of prospective resolution applicants under CIRP, including Vedanta, Jindal Power, Shyam Sel and Power, JSW Energy, and Zeal Global Opportunities Fund.

GMR Airports Infrastructure

The company recorded passenger traffic of 1.07 crore in October, growing 9% YoY and 5% MoM, while aircraft movements stood at 71,598 for the month, rising 9% YoY and 7% MoM.

Stocks To Watch

Varun Beverages

The company has opened its Qualified Institutions Placement (QIP) issue on November 13. The floor price has been fixed at Rs 594.56 per share.

Tata Power Company

The company’s subsidiary, Tata Power Renewable Energy, has commissioned floating solar projects of 126 MW in Omkareshwar, Madhya Pradesh.

Inox Green Energy Services

The board has approved the demerger of the company’s power evacuation business. Resco Global Wind Services will undertake the power evacuation business.

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of 20 points from previous closing. Asian markets are trading mixed. US market closed negative in the last trading session.

https://youtu.be/OH_29gdWXUo

Stocks To Watch

PNB Housing Finance

Quality Investment Holdings PCC is likely to sell a 9.43% stake in PNB Housing Finance, with an offer price of Rs 939.3 per share, reports CNBC-TV18, quoting sources. Quality Investment held a 19.87% stake in the company as of September 2024.

Varun Beverages

The Board has approved the company's acquisition of 100% of the share capital of SBC Tanzania at an equity value of $154.5 million (Rs 1,304 crore), and 100% of the share capital of SBC Beverages Ghana at an equity value of $15.06 million (Rs 127.1 crore). The companies hold franchise rights from PepsiCo Inc. in Tanzania and Ghana, respectively. Further, Varun will acquire the remaining 39.93% share capital of its subsidiary Lunarmech Technologies for Rs 200 crore. After this stake acquisition, Lunarmech will become a wholly-owned subsidiary of Varun.

Tata Chemicals

The company's subsidiary, Tata Chemicals Europe (TCEL), will invest Rs 655 crore to build a 1,80,000 tons per annum pharmaceutical-grade sodium bicarbonate plant in Northwich, United Kingdom. This new plant will triple TCEL’s production capacity of pharmaceutical-grade sodium bicarbonate in the UK. Additionally, as part of the restructuring operations to facilitate this investment, TCEL will cease chemical production at its loss-making Lostock plant by the end of January 2025.

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of 50 points from previous closing. Asian markets are trading negative. US market closed flat negative in the last trading session.

https://youtu.be/lJV1kvRzw_I

Stocks To Watch

L&T Technology Services

The engineering and technology services company has signed a definitive agreement to acquire Silicon Valley-based Intelliswift, deepening its offerings across software product development, platform engineering, digital integration, data, and AI.

Bulk Deals

Ahimsa Industries

Investors Nexpact, Craft Emerging Market Fund PCC, Radiant Global Fund-Class B Participating Shares, and AG Dynamic Funds acquired an 18.57% stake in Ahimsa at an average price of Rs 59.6 per share. However, promoters Gandhi Sneha Ashutosh and Gandhi Saloni Ashutoshbhai sold an 18.24% stake at the same price.

Block Deals

NTPC

PI Opportunities AIF V LLP acquired a 0.026% stake in the power company at an average price of Rs 397.7 per share, from Pioneer Investment Fund, valued at Rs 100.4 crore..

Dear Viewers,
Good Morning. Indian market is expected to open flat positive near previous closing. Asian markets are trading negative. US market closed flat in the last trading session.

https://youtu.be/FxcvoabyUJo

Stocks to Watch

DCX Systems

The company has received an export order worth Rs 460.3 crore from Lockheed Martin Global Inc., USA, for the supply of electronic assemblies.

JSW Steel

The Ministry of Coal has terminated the Coal Block Development and Production Agreement with JSW Steel for the Banai & Bhalumuda coal block in Mand-Raigarh. After acquiring the block and conducting a detailed feasibility study, the company concluded that the mine was not suitable from a techno-commercial perspective. Consequently, it decided not to proceed with the investment to develop the coal block. JSW Steel had been declared the preferred bidder in the auction of this coal block in March 2023.

G R Infraprojects

The company has emerged as the lowest bidder for BSNL’s BharatNet Phase 3 project, valued at Rs 867.54 crore. The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet in Kerala.

ITI

The telecom manufacturing company with consortium partner has emerged as the lowest bidder for Package number 15 of the BharatNet Phase-3 project, which includes Arunachal Pradesh, Nagaland, and Manipur, with an order value of Rs 1,537 crore. Additionally, it has also been awarded the lowest bid for Package number 8 in Himachal Pradesh and Package number 9 in West Bengal and the Andaman and Nicobar Islands, with a total order value of Rs 3,022 crore. BSNL had invited tenders for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of the BharatNet Phase-3 project under a design, build, operate, and maintain (DBOM) model.

Tera Software

The company in partnership with ITI as a consortium partner, has participated in the bids for the BharatNet Phase-3 project. The company emerged as the lowest bidder for the project in Himachal Pradesh (Package 8), West Bengal, and Andaman & Nicobar (Package 9), with a total order value of Rs 3,022 crore.

RMC Switchgears

The company has signed an enabling Memorandum of Understanding (MoU) with the Government of Rajasthan to establish a 1,000 MW ultra mega solar park project with integrated battery storage. This project is expected to take 2-3 years to execute and will contribute to RMC’s target of implementing 1 GW of greenfield projects.

Sasken Technologies

The product engineering and digital transformation services company is set to acquire the hardware and software services business of Borqs Technologies, Inc., a global provider of embedded software and products for the Internet of Things (IoT).

Titan Intech

The company has entered into an agreement with the Department of Agriculture, Uttar Pradesh Government, for the implementation of a weather information network and data system (WINDS).

Solar Industries India

The company has received export orders worth Rs 580 crore for the supply of defence products. These products will be delivered over a period of 5 years.

Krishna Institute of Medical Sciences (KIMS)

The company has entered into an operations and management agreement with Insignia Healthcare for an initial term of 15 years, with an option to extend for a further 10 years. This agreement pertains to the operation and management of a newly constructed super specialty hospital with a capacity of approximately 150 beds in Guntur, Andhra Pradesh.

Zaggle Prepaid Ocean Services

Zaggle has signed an agreement with Can Fin Homes to provide an expense management platform and employee benefits (Zaggle Zoyer Petty Cash & Zaggle Save) for the branches and employees of Can Fin Homes, respectively.

Epigral

The Board has approved the company’s expansion of production capacity for chlorinated polyvinyl chloride resin (CPVC Resin) and epichlorohydrin at its facility in Dahej, Gujarat.

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of more than 80 points from previous closing. Asian markets are trading lower. US market closed flat positive in the last trading session.

https://youtu.be/oUID4lf9fL4

Quarterly Earnings

Lupin Q2 (Consolidated YoY)

Profit zooms 74.1% to Rs 852.6 crore Vs Rs 489.7 crore

Revenue grows 12.6% to Rs 5,672.7 crore Vs Rs 5,038.6 crore

India Hotels Company Q2 (Consolidated YoY)

Profit zooms 225.6% to Rs 582.7 crore Vs Rs 179 crore

Revenue increases 27.4% to Rs 1,826.1 crore Vs Rs 1,433.2 crore

EBITDA jumps 41.3% to Rs 501.2 crore Vs Rs 354.8 crore

Margin expands 270 bps to 27.4% Vs 24.7%

Exceptional gain at Rs 307.4 crore Vs Nil

Emcure Pharmaceuticals Q2 (Consolidated YoY)

Profit grows 38.2% to Rs 201.5 crore Vs Rs 145.84 crore

Revenue increases 20.4% to Rs 2,002 crore Vs Rs 1,663 crore

EBITDA jumps 15.8% to Rs 380.9 crore Vs Rs 329 crore

Margin drops 80 bps to 19% Vs 19.8%

Rail Vikas Nigam Q2 (Consolidated YoY)

Profit drops 27.3% to Rs 287 crore Vs Rs 394.4 crore

Revenue falls 1.2% to Rs 4,855 crore Vs Rs 4,914.3 crore

EBITDA falls 9% to Rs 271.5 crore Vs Rs 298.3 crore

Margin declines 40 bps to 5.6% Vs 6%

Emami Q2 (Consolidated YoY)

Profit jumps 17.2% to Rs 211 crore Vs Rs 180 crore

Revenue increases 3% to Rs 890.6 crore Vs Rs 864.9 crore

EBITDA grows 7.2% to Rs 250.5 crore Vs Rs 233.7 crore

Margin expands 110 bps to 28.1% Vs 27%

Astral Q2 (Consolidated YoY)

Profit sinks 17.5% to Rs 108.7 crore Vs Rs 131.7 crore

Revenue rises 0.5% to Rs 1,370.4 crore Vs Rs 1,363 crore

EBITDA falls 4.5% to Rs 210.1 crore Vs Rs 220.1 crore

Margin declines 80 bps to 15.3% Vs 16.1%

VA Tech Wabag Q2 (Consolidated YoY)

Profit jumps 17% to Rs 70.3 crore Vs Rs 60.1 crore

Revenue grows 5.3% to Rs 700.3 crore Vs Rs 665 crore

ITD Cementation Q2 (Consolidated YoY)

Profit climbs 34.4% to Rs 72.2 crore Vs Rs 53.7 crore

Revenue increases 23.6% to Rs 1,990.9 crore Vs Rs 1,610.4 crore

Ircon International Q2 (Consolidated YoY)

Profit falls 17.9% to Rs 206 crore Vs Rs 250.8 crore

Revenue declines 19.3% to Rs 2,447.5 crore Vs Rs 3,033.3 crore

Indian Metals & Ferro Alloys Q2 (Consolidated YoY)

Profit jumps 40.1% to Rs 125.2 crore Vs Rs 89.3 crore

Revenue falls 0.1% to Rs 691.9 crore Vs Rs 692.6 crore

Gujarat State Petronet Q2 (Consolidated YoY)

Profit declines 38% to Rs 281.7 crore Vs Rs 454.6 crore

Revenue slips 6.4% to Rs 3,992.1 crore Vs Rs 4,265.2 crore

Nelcast Q2 (Consolidated YoY)

Profit plunges 41% to Rs 9.8 crore Vs Rs 16.6 crore

Revenue declines 7.8% to Rs 330.4 crore Vs Rs 358.3 crore

Cochin Shipyard Q2 (Consolidated YoY)

Profit rises 4% to Rs 188.9 crore Vs Rs 181.5 crore

Revenue grows 13% to Rs 1,143.2 crore Vs Rs 1,011.7 crore

Aditya Birla Fashion & Retail Q2 (Consolidated YoY)

Loss widens to Rs 214.7 crore Vs loss of Rs 200.3 crore

Revenue jumps 13% to Rs 3,644 crore Vs Rs 3,226.4 crore

Cummins India Q2 (Consolidated YoY)

Profit zooms 36.5% to Rs 449.4 crore Vs Rs 329.1 crore

Revenue surges 30.6% to Rs 2,508.6 crore Vs Rs 1,921.6 crore

GR Infraprojects Q2 (Consolidated YoY)

Profit falls 10.9% to Rs 193.6 crore Vs Rs 217.2 crore

Revenue declines 26% to Rs 1,394.3 crore Vs Rs 1,882.8 crore

NHPC Q2 (Consolidated YoY)

Profit plunges 41.2% to Rs 909 crore Vs Rs 1,546 crore

Revenue grows 4.1% to Rs 3,051.9 crore Vs Rs 2,931.3 crore

Tax expenses at Rs 605.22 crore Vs tax writeback at Rs 75 crore

Steel Authority of India Q2 (Consolidated YoY)

Profit drops 31.3% to Rs 897.2 crore Vs Rs 1,305.6 crore

Revenue declines 17% to Rs 24,675.2 crore Vs Rs 29,712 crore

Stocks To Watch

Wipro

The IT services company has announced the launch of the Google Gemini Experience Zone to accelerate AI-driven innovation for enterprises.

Embassy REIT

Embassy REIT has appointed Ritwik Bhattacharjee as its interim CEO. Bhattacharjee, who last held the position of Chief Investment Officer at the company, has been associated with the REIT since its listing and was a founding member of the team that helped list Embassy REIT in 2019.

Dear Viewers,
Good Morning. Indian market is expected to open flat negative near the previous closing. Asian markets are opening positive. US market closed positive with a gain of 1.5% gains in the last trading sessions.

https://youtu.be/4bXwugWK3GQ

Stocks To Watch

Wockhardt

The pharma company announced the opening of its Qualified Institutions Placement (QIP) issue on November 6. The floor price for the issue has been set at Rs 1,162.25 per share.

Polycab India

Polycab has emerged as the lowest bidder for a contract worth Rs 1,549.66 crore from Bharat Sanchar Nigam Limited (BSNL). The contract involves the development of the middle-mile network of BharatNet on a Design, Build, Operate, and Maintain (DBOM) model for Package 7 (Bihar).

Sterling Tools

The company has signed a technical collaboration agreement with Kunshan GLVAC Yuantong New Energy Technology, a wholly owned subsidiary of China's Kunshan Guoli Electronic Technology. The collaboration is for manufacturing advanced high-voltage direct current (HVDC) contactors and relays in India.

Innova Captab

The company has received a drug manufacturing license for its upcoming facility in Jammu, from the Government of Jammu and Kashmir.

Dear Viewers,
Greetings. Indian market is expected to open negative with a loss of more than 100 points from previous closing. Asian markets are trading mixed. US market closed with huge gain of 2.9 percent in the last trading session.

https://youtu.be/5f-gMRF6tgM

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of more than 40 points from previous closing. Asian markets are trading flat and mixed. US market closed higher with a gain of more than one percent in the last trading session.

https://youtu.be/EZ4p1jfOQYI

Stocks To Watch

Kuantum Papers

The Board has appointed Vikram Kumar Khaitan as Chief Financial Officer (CFO) of the company, effective November 5, after Roshan Garg resigned from the position of CFO, effective November 4.

Embassy Office Parks REIT

The market regulator SEBI has asked Embassy Office Parks Management Services to suspend Aravind Maiya from acting as its Chief Executive Officer (CEO) and to appoint an interim CEO with immediate effect. Embassy Office Parks Management Services is the manager of Embassy REIT.

Bulk Deals

Afcons Infrastructure

Goldman Sachs India Equity Portfolio, Jupiter India Fund, Nomura Funds Ireland India Equity Fund, and Nomura India Investment Fund Mother Fund bought a 2.7% stake in the infrastructure engineering and construction company, amounting to Rs 449.08 crore.

Entero Healthcare Solutions

AL Mehwar Commercial Investments LLC purchased a 0.57% stake in Entero from CLSA Global Markets Pte Ltd - ODI at an average price of Rs 1,399.80 per share, valued at Rs 34.97 crore.

Sabar Flex India

The Trustee for Black Swan Super Fund sold a 0.55% stake in the company at an average price of Rs 17.25 per share.

Dear Viewers,
Good Morning. Indian market is expected to open flat negative with a loss of 20 points from previous closing. Asian markets are trading mixed. US market signals negative start for the Indian market.

https://youtu.be/czQ0zfITuPw

Stocks To Watch

Premier Energies

The company's subsidiaries, Premier Energies International and Premier Energies Photovoltaic, have received multiple orders totalling Rs 560 crore from two large independent power producers (IPPs) and others. These orders include Rs 513 crore for solar modules and Rs 47 crore for solar cells.

Sun Pharmaceutical Industries

The US District Court of New Jersey has granted a preliminary injunction delaying the launch of Leqselvi by Sun Pharma. As a result of this court decision, the company is prohibited from launching Leqselvi until a subsequent favourable court ruling or until the expiration of the patent in the lawsuit, whichever occurs first. The company disagrees with the court's decision and intends to appeal immediately. Leqselvi (deuruxolitinib) is commonly used to treat severe alopecia areata.

Lokesh Machines

The company has clarified media reports indicating its name appears on the sanctions list of the United States Department of Treasury, stating that it has neither been contacted nor informed by the Department of Treasury about any such sanctions. However, it is in the process of reaching out to the Department of Treasury to gather more information. Lokesh Machines has been exporting machines to Russia since 2011, and these machines are sourced by distributors who either stock them or sell them further. None of its distributors are featured on any sanctions list. According to news articles, the company has been sanctioned for supplying Russia with technology and equipment that could be used for military operations. However, Lokesh Machines is unaware of any machines being used in connection with any sanctioned entities or individuals.

Silgo Retail

The Board has appointed Trilok Chand Saini as Chief Financial Officer. He has also been appointed as the internal auditor of the company until FY27.

Zydus Wellness

Saurabh Jain has resigned from his position as Chief Digital Excellence Officer of the company. He will be relieved of his duties effective January 31, 2025.

Zomato

Adonmo has raised additional capital from select new investors on September 25, and Zomato did not participate in this fundraising. As a result of the fundraise, Zomato's shareholding in Adonmo has decreased to 17%, down from 19% at the time of its investment in January 2022.

Rushil Decor

The company will carry out a planned shutdown of its Chikmagalur MDF manufacturing unit, tentatively scheduled from November 5 for 16 days for maintenance work. This is a planned shutdown, and there may not be any revenue loss, as the company has maintained proper inventory to manage it.

Dewar Viewers,
Good Morning. Indian market is expected to open negative with a loss of nearly 50 points from previous closing. Asian markets are trading positive. US market closed positive in the last trading session.

https://youtu.be/Qxn6rc5p0iQ

Stocks To Watch

Wipro

The technology services and consulting company announced a strategic collaboration with Microsoft and SAP to help clients significantly improve the speed and effectiveness of RISE with SAP migrations on the Microsoft Cloud.

Adani Power

Adani Power has signed a power supply agreement for the supply of 1,496 MW (net) for 25 years with the Maharashtra State Electricity Distribution Company.

Yatharth Hospital and Trauma Care Services

The private super specialty hospital has entered into a strategic collaboration agreement for the acquisition of a 60% stake in a 400-bedded hospital in Faridabad, Haryana. Under the terms of the agreement, Yatharth Hospitals will acquire a 60% stake in MGS Infotech Research & Solutions for Rs 91.20 crore.

Allcargo Gati

Anish T Mathew has resigned as Chief Financial Officer of the company due to personal reasons, effective October 30.

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of more than 80 points from previous closing. Asian markets are trading mixed. US market closed negative in the last trading session.

https://youtu.be/-FWxdYbt8XY

Dear Viewers,
Good Morning. Indian market is expected to open negative with a loss of 30 points from previous closing. Asian markets are trading mixed. US market closed positive in the last trading session.

https://youtu.be/xeBEjlFBCGA

https://youtu.be/xeBEjlFBCGA

https://youtu.be/t6RdSEbuFwU

Stocks To Watch

Axis Bank

The Reserve Bank of India has given its approval for the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of Axis Bank for a further three years, effective January 1, 2025.

Ujjivan Small Finance Bank

The Board has appointed S. Balakrishna Kamath as the Chief inancial Officer of the bank. Kamath will take charge on or before January 3, 2025.

Jubilant Pharmova

Jubilant Pharma's subsidiary, Jubilant Pharma Holdings Inc., USA, has voluntarily prepaid a $25 million term loan, equivalent to Rs 210 crore, from its internal accruals on October 23. Jubilant Pharma is a wholly owned subsidiary of Jubilant Pharmova.

Kansai Nerolac Paints

The company has entered into definitive agreements for the conveyance or assignment of lease with Aethon Developers (a subsidiary of Runwal Developers) for the sale of its land parcel at Lower Parel, Mumbai, together with the building thereon, for Rs 726 crore.

Shriram Properties

Enforcement Directorate officials conducted search activities at the company's office premises in Bengaluru and Chennai. The search process has been completed without any material developments. The company has provided necessary clarifications or details sought by the officials to their satisfaction by extending full cooperation.

Dear Viewers,
Good Morning. Indian market is expected to open flat near the previous closing. Asian markets are trading flat and mixed. US market closed positive in the last trading session.

https://youtu.be/pcQFNvcy4Bo

Stocks To Watch

Escorts Kubota

The company has entered into a Business Transfer Agreement with Sona BLW Precision Forgings (Sona Comstar) for transferring the existing railway equipment business division (RED) as a going concern, on a slump sale basis, for Rs 1,600 crore. This aligns with the company's strategic focus on the agri and construction equipment sectors.

Infosys

The digital services and consulting company unveiled its new and expanded Living Labs to help clients accelerate innovation and leverage emerging technologies for future-proofing their businesses. It also announced a collaboration with the University of Cambridge to establish a new AI Lab in London. Additionally, the company strengthened its collaboration with Meta to drive innovation in generative AI through open-source initiatives.

NLC India

The company has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam for setting up a 3x125 MW lignite-based thermal power station in Rajasthan. It will also develop the mines to meet the fuel requirements of the thermal power station. Additionally, its subsidiary, NLC India Renewables, has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam for developing 2,000 MW of renewable power projects in Rajasthan.

Signature Global

The company has executed a Sale Deed to sell its property in Haryana State Industrial Infrastructure Development Corporation at Udhyog Vihar, Phase-V, Gurugram, to Culture Holidays India for Rs 25.5 crore.

Mahindra and Mahindra

The automobile company has inaugurated its two development test facilities: the Mahindra Passive Safety Lab and the Battery & Cell Research Lab, in Chennai.

Kalpataru Projects International

The Board will meet on October 28 to consider the company's unaudited standalone and consolidated financial results for the quarter and half-year ended September 2024, as well as a proposal for raising funds via Qualified Institutions Placement (QIP).

Mankind Pharma

The company and its subsidiary, Appian Properties, have completed the acquisition of a 100% stake in Bharat Serums and Vaccines for Rs 13,768 crore. Post-acquisition, Bharat Serums and Vaccines has become a wholly owned subsidiary of the company.

Adani Power

The Board will meet on October 28 to consider raising funds of up to Rs 5,000 crore via public issue and/or private placement of non-convertible debentures (NCDs) in one or more tranches.

Titan Company

The Board has appointed PB Balaji as Nominee Director of Tata Sons on the board of the company, effective October 28.

Dear Viewers,
Greetings. Indian market is expected to open positive with a gain of 40 points from previous closing. Asian markets are trading negative. US market closed negative in the last trading session.

https://youtu.be/giqn737bN44

Quarterly Earnings

Bajaj Finance Q2 (Consolidated YoY)

Gross NPA jumps to 1.06% Vs 0.91%

Net NPA rises to 0.46% Vs 0.31%

Indus Towers Q2 (Consolidated YoY)

Profit surges 71.7% to Rs 2,223.5 crore Vs Rs 1,294.7 crore

Revenue rises 4.7% to Rs 7,465.3 crore Vs Rs 7,132.5 crore

EBITDA zooms 42% to Rs 4,907.1 crore Vs Rs 3,455.9 crore

Margin expands sharply to 65.7% Vs 48.5% (YoY)

CCI approves increase in percentage shareholding of Bharti Airtel in Indus Towers to 50.005%

Olectra Greentech Q2 (Consolidated YoY)

Profit surges 156.5% to Rs 47.7 crore Vs Rs 18.6 crore

Revenue jumps 70.5% to Rs 523.7 crore Vs Rs 307.2 crore

EBITDA spikes 100.4% to Rs 81.2 crore Vs Rs 40.5 crore

Margin expands to 15.5% Vs 13.2%

Max Financial Services Q2 (Consolidated YoY)

Profit falls 18.2% to Rs 139.3 crore

Revenue rises 31.6% to Rs 13,372.4 crore

Value of new business grows 23% to Rs 513 crore

Total annualized premium equivalent jumps 31% to Rs 2,170 crore

ICICI Prudential Life Insurance Q2 (Consolidated YoY)

Profit grows 2.9% to Rs 251 crore Vs Rs 243.9 crore

Net premium income rises 7.3% to Rs 10,754.2 crore Vs Rs 10,022.4 crore

Net commission jumps 60.2% to Rs 1,234.9 crore Vs Rs 770.9 crore

M&M Financial Services Q2 (Standalone YoY)

Profit surges 57% to Rs 369 crore Vs Rs 235 crore

Net interest income increases 19% to Rs 1,963 crore Vs Rs 1,646 crore

Pre-provisioning operating profit grows 27% to Rs 1,196 crore Vs Rs 943 crore

Disbursements drops 1% to Rs 13,162 crore Vs Rs 13,315 crore

Gross NPA rises to 3.83% Vs 3.56% (QoQ)

Net NPA climbs to 1.59% Vs 1.46%

Persistent Systems Q2 (Consolidated QoQ)

Profit grows 6.1% to Rs Rs 325 crore Vs Rs 306.4 crore

Revenue increases 5.8% to Rs 2,897.2 crore Vs Rs 2,737.2 crore

EBIT rises 5.8% to Rs 406.2 crore Vs Rs 384 crore

EBIT margin remains unchanged at 14% Vs 14%

Dollar revenue climbs 5.3% to $345.5 million Vs $328.2 million

Constant currency revenue growth at 5.1% Vs 5.6%

IIFL Securities Q2 (Consolidated YoY)

Profit spikes 90.8% to Rs 205.3 crore Vs Rs 107.6 crore

Revenue increases 27.3% to Rs 645.4 crore Vs Rs 507 crore

Can Fin Homes Q2 (YoY)

Profit grows 33.5% to Rs 211 crore Vs Rs 158 crore

Net interest income rises 7.3% to Rs 340 crore Vs Rs 317 crore

Gross NPA falls to 0.88% Vs 0.91% (QoQ)

Net NPA declines to 0.47% Vs 0.49% (QoQ)

Shoppers Stop Q2 (Consolidated YoY)

Loss stands at Rs 20.6 crore Vs profit at Rs 2.7 crore

Revenue grows 7.3% to Rs 1,114.9 crore Vs Rs 1,039.12 crore

Gujarat Mineral Development Corporation Q2 (Standalone YoY)

Profit spikes 69% to Rs 129.2 crore Vs Rs 76.5 crore

Revenue jumps 55% to Rs 593 crore Vs Rs 382.7 crore

Chennai Petroleum Corporation Q2 (Consolidated YoY)

Loss stands at Rs 633.7 crore Vs profit of Rs 1,195.4 crore

Revenue falls 27% to Rs 12,086.4 crore Vs Rs 16,544.6 crore

Cigniti Technologies Q2 (Consolidated QoQ)

Profit zooms 403.5% to Rs 52.9 crore Vs Rs 10.5 crore

Revenue rises 6.55% to Rs 499.2 crore Vs Rs 468.5 crore

Exceptional item at Nil Vs loss Rs 30.05 crore

Stocks To Watch

One 97 Communications

The National Payments Corporation of India (NPCI) has granted approval to Paytm parent One 97 Communications to onboard new UPI users.

Sonata Software

Sonata Software has received a contract from a Fortune 500 manufacturer of consumer goods and industrial products. Under the multi-year deal, Sonata will support the manufacturing company's global business growth and its ongoing digital transformation journey.

RITES

The company has received an order worth Rs 454 crore from the Karnataka Mining Environment Restoration Corporation. Earlier, the order for the construction of railway PFTs at Dharmapura and Susheel Nagar in the Ballari district, awarded to the company on a project management consultancy (PMC) basis, has now been converted to a turnkey basis.

RailTel Corporation of India

The company has received a work order worth Rs 36.8 crore from South Eastern Railway. The work order involves the provision of an electronic interlocking system and signaling arrangements (both indoor and outdoor).

Fedbank Financial Services

The Board has appointed Parvez Mulla as Managing Director and Chief Executive Officer of the company for three years, effective November 11.

Aavas Financiers

The Competition Commission of India has approved the acquisition of Aavas Financiers by Aquilo House Pte.

Dhanlaxmi Bank

The Board has approved fundraising of up to Rs 300 crore via equity shares on a rights basis.

Firstsource Solutions

The RP-Sanjiv Goenka Group company has decided to build a domain-centric Large Language Model for the US mortgage business.

Power Grid Corporation of India

The company has been declared the successful bidder to establish an inter-state transmission system in Rajasthan. It has received a Letter of Intent for the said project, which comprises the establishment of a new 765/400kV Siwani substation along with STATCOM and other equipment, a 765kV D/C transmission line traversing Rajasthan and Haryana, and various 400kV D/C transmission lines traversing through Haryana, along with bay extension works for the above lines at other existing substations in Rajasthan and Haryana.

Dear Viewers,
Good Morning. Indian market is expected to open flat near the previous closing. Asian markets are trading positive. US market closed positive in the last trading session.