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Stocktry News Room

*NBCC:* Company receives orders worth Rs 271.62 cr (Positive)

*Ami Organics:* Norges Bank on account of The Government Pension Fund Global bought 10.92 lakh equity shares in Ami Organics (Positive)

*Filatex Fashions:* The Hyderabad based manufacturer is planning a capex of Rs 300 crore over the next 18 months (Positive)

*Lupin:* Lupin's Brazilian subsidiary has signed a definitive agreement to acquire all rights to nine medicines from BL Indústria Ótica Ltda. (Positive)

*Five Star:* The company declared 22 percent QoQ growth in its PAT to Rs 144 crore while its disbursements jumped 127% QoQ to Rs 803 crore. (Positive)

*Arvind Smartspaces:* Arvind SmartSpaces launched Arvind Greatlands, a plotted development, located at Devenahalli, Bangalore (Positive)

*Wipro:* Announced the launch of its new Skills Guild with Amazon Web Services (AWS) (Positive)

*Westlife:* Company will be hosting a Select Press Meet to announce Vision 2027 on 2nd December (Positive)

*HCL Tech:* IT company has signed a multi-year contract with Switzerland-based maintenance, repair and overhaul service provider SR Technics (Positive)

*TCS:* Company launched Quantum Computing Lab on Amazon Web Services to help enterprises explore, develop, and test business solutions (Positive)

*Dredging Corp:* The state-owned dredging player plans to foray into the foreign dredging market. (Positive)

*BSE:* SEBI approves Sundararaman Ramamurthy as MD & CEO of BSE (Positive)

*Adani Ent* says NDTV promoter, RRPR agrees to issue 99.5% of its equity to Adani Group's subsidiary, VCPL (Neutral)

*Dhanlaxmi Bank* to consider raising funds up to Rs 200 cr via NCDs on December 5 (Neutral)

*Inox Wind:* Vineet Valentine Davis resigns as Executive Director. (Neutral)

*Kolte-Patil:* Company appoints Khiroda Chandra Jena as CFO. (Neutral)

*Can Fin Home:* The housing finance company declared an interim dividend of Rs 1.50 per equity share (Neutral)

*Sun Pharma:* NPPA fixes price of Amoxycillin & Potassium Clavulanate oral suspension IP at ₹168 for 50 ml (Neutral)

*Inox Green Energy:* Dovetail India Fund Class 6 Shares sold 18 lakh shares in Inox Green Energy (Negative)

*Nureca:* Promoter Entity Sold 55,863 Shares at Rs 546.04/ Share (Negative)

SGX nifty is trading at 18667 down by 61 points.

Global indices are ended in red.

Stocktry News Room


*Ami Organics:* Company has signed a definitive multi-year, multi-tonne agreement with Fermion (Positive)

*L&T Fin:* Company gets Rs 3,484 cr for Mutual Fund unit sale (Positive)

*Karnataka Bank:* Company & Hyundai Construction collaborate for financing machineries/equipment (Positive)

*Exide/HDFC Life:* IRDAI approves merger of Exide Life With HDFC Life (Positive)

*Hero MotoCorp* will increase the ex-showroom prices of its motorcycles and scooters, effective December 1, 2022. (Positive)

*Bajaj Finance:* Company to purchase up to 40% in Snapwork Technologies for Rs 93 cr.  (Positive)

*Lemon Tree:* Company has signed a License Agreement for a 42 room hotel in Jamshedpur (Positive)

*JK Cement:* Company has successfully commenced Cement Grinding capacity of 2 MnTPA (Positive)

*Venus Pipes:* BNP Paribas Arbitrage picked a 3.2 percent stake, or 6.5 lakh shares (Positive)

*Vatech Wabag:* WABAG and ADB enter into a Strategic funding tie up towards raising Rs. 200 crores through NCDs (Positive)

*Shriram Properties:* Company has successfully completed the acquisition of 100% of equity in Suvilas Realities (Positive)

*ZIM:* Company has successfully listed its shares on the NSE (Positive)

*Garware Technical Fibre:* Board has approved Buyback of securities via tender route at Rs 3750/Sh (Positive)

*TIL:* Board decides to increase the authorized share capital to infuse funds in the company (Positive)

*Waaree:* Wins order for EPC works for solar power project of 52.5 MWp DC with provision of land (Positive)

*Pharma stocks:* Indian pharma exports rise 4.22% to USD 14.57b during April-Oct. FY23: PTI (Neutral)

*HDFC:* Shareholders passed the resolution approving merger with HDFC Bank. (Neutral)

*Inox Wind:* Vineet Valentine Davis resigns as Executive Director. (Neutral)

*Motherson Wiring:* Company has received necessary Trading approvals from Exchanges for the Bonus issue of shares. (Neutral)

*Indus Tower:* Board clears upto Rs 1500 crore fundraise via NCD issue (Neutral)

*PNB:* India Ratings has assigned/ affirmed ratings of the Bonds (Neutral)

*Siemens:* LIC has reduced stake from 5.17% to 3.13% percent (Neutral)

*Healthcare Global:* HCG Commissions 2.25 MW Solar Power Plant to reduce carbon footprints for achieving sustainability goals (Neutral)

*IEX:* Board has approved Buyback of securities via open market route (Neutral)

*Suprajit:* India Ratings has affirmed the following rating to the Company (Neutral)

*Indian Oil:* The oil marketing company has raised Rs 2,500 crore by issuing 25,000, 7.44 percent NCDs (Neutral)

*Muthoot Finance:* The company will raise Rs 300 crore through a public issue of secured redeemable non-convertible debentures (Neutral) 

*Hind Rectifiers:* Ratings reaffirmed at 'CRISIL BBB- / CRISIL A3 '; outlook revised to 'Stable' from ‘Positive’. (Negative)

*Asian Granito:* ICRA has downgraded the long term rating to [ICRA]A (Negative)

*PayTM:* RBI rejects Paytm plea for payment aggregator licence, asks company to reapply (Negative)

SGX nifty is trading at 18593 down by 68 points.

Majority of the Global indices are ended in green. Let's see how Indian market opens.

Stocktry News Room


*Fino Payments Bank:* Capri Global Holdings bought additional 6.06 lakh equity shares in the company.  (Positive)

*Keystone Realtors:* Plutus Wealth Management LLP bought 17.1 lakh shares or 1.5% stake in the Rustomjee Group. (Positive)

*PB Fintech:* Hedge fund WF Asian Smaller Companies Fund bought 67.75 lakh shares (Positive)

*Hariom Pipe:* The company has completed the setting up of its 15 ton electric melting furnace (Positive)

*Punjab National Bank:* The company has received approval of DIPAM for divestment of stake in UTI Asset Management Company in single or multiple tranches (Positive)

*Tube Investments:* The auto ancillary company will pick 50 percent stake in X2Fuels and Energy, a start-up company (Positive)

*PVR:* Company opens 12 screen superlex in Thiruvananthapuram, Kerala (Positive)

*Veranda* Collaborating with IIM Raipur and SHRM (Society for Human Resource Management) (Positive)

*Rossel India:* Quant Mutual Fund Bought 193,800 Shares at Rs 302.64/ Share (Positive)

*IEX:* Board meeting today to consider proposal a proposal for Buyback of Equity Shares (Positive)

*KPI Green Energy* board to mull bonus share issue on November 30 (Positive)

*Laurus Labs:* Company to buy 26% stake in Ethan Energy at Rs 52.70/share. (Neutral)

*Biocon:* Biocon Biologics has allotted equity shares worth Rs 2,205.63 crore to parent company Biocon. (Neutral)

*Future Consumer:* Board decides to to withdraw merger between Integrated Food Park Limited and co (Neutral)

*Bal Pharma:* G Rengarajan resigns as Chief Financial Officer (CFO) of BAL Pharma (Neutral)

*Vatech Wabag:* Board meeting today to consider proposal for fund raising via issue of NCD or any other method (Neutral)

*Adani Ent:* Board to meet today to consider and approve the proposal of raising of funds via FPO/ Preferential Allotment (Including QIP) (Neutral)

*ONGC:* Signs joint operating pact with IOC for discovered small fields to augment domestic production (Neutral)

*Lupin:* The USFDA has issued Form-483 with 8 observations for the drug product facility and API facility at Mandideep. (Negative)

*Kintech Renewables:* Promoters Gaurank Singhal & Aditya Singhal will sell 1.96 lakh shares or 19.69 percent stake via offer for sale  (Negative)

SGX nifty is trading at 18625 down by 42 points.

Global indices are ended in green. Let's see how Indian market opens.

Stocktry News Room


*Fino Payments Bank:* Investor Capri Global Holdings has picked 1.58 percent stake or 13.19 lakh shares.  (Positive)

*Voltamp Transformers:* Nippon India Mutual Fund bought additional 3 lakh shares in the company at an average price of Rs 2,650 per share. (Positive)

*M&M Fin:* Life Insurance Corporation of India bought additional 2.01 percent shares in M&M Financial Services (Positive)

*Can Fin Homes:* The company said its board of directors will hold a meeting to consider a proposal for payment of 'interim dividend' for FY23 (Positive)

*HG Infra:* The company has received a letter from Adani Road Transport regarding declaration of appointed date as November 3 (Positive)

*Zee Ent:* OFI & Invesco's petition against Co is no longer pending before NCLT (Positive)

*Hi Tech Pipes:* To Consider Fund Raising Via Preferential Issue To Promoter/ Non-Promoters (Positive)

*IndiGo* launches 19 new connecting flights to Europe under codeshare pact with Turkish Airlines (Positive)

*IIFL Wealth:* Investor General Atlantic Singapore Fund Pte Ltd sold 15.12 percent stake in the company (Neutral)

*HEG:* Life Insurance Corporation of India offloaded more than 2 percent equity stake or 7.76 lakh shares in HEG (Neutral)

*Biocon:* Company issues Commercial Papers (CP) of Rs. 2,250 Crores on private placement basis (Neutral)

*SBI Card:* Chief Risk Officer Aparna Kuppuswamy resigns (Neutral)

*PVR:* NCLT to take final call for Inox Leisure merger on December 15.  (Neutral)

*Zomato:* To Discontinue Food Ordering Services in UAE (Neutral)

*Adani Ent:* Adani Group is said to approach Mubadala, Adia for fundraise (Neutral)

*Bank of Baroda:* Bank reduces home loan interest rates by 25 bps to 8.25% for a limited period (Neutral)

*Tata Steel:* Appoints Bharti Gupta Ramola as additional independent director for 5-years (Neutral)

*Inox Green:* Polus Global Fund exited the wind power operation and maintenance services provider by selling entire 53.85 lakh shares. (Negative)

*Jet Airways:* Cabin Crew Association sends notice to Jalan-Kalrock on non-payment of employee/workmen dues amounting to Rs 113 cr (Negative)

*Brooks Lab:* Atul Ranchal resigns as Chairman & Executive Director of Brooks Labs (Negative)

SGX nifty is trading at 18351 up by 63 points.

Global indices are ended in green.

Stocktry News Room

*Bharti Airtel:* Subsidiary started the construction of its new hyper-scale data centre in Kolkata.  (Positive)

*Tech Mahindra:* Life Insurance Corporation of India bought additional 1.95 crore shares or 2.01% stake in the IT services company. (Positive)

*Kaynes Technology:* Portfolio management company ValueQuest Investment, and foreign investors TNTBC, Norges Bank, and Goldman Sachs have bought Rs 221 crore worth shares (Positive)

*DCW:* Company to double its CPVC capacity by adding another 10KT capacity (Positive)

*Wipro:* Company launches cybersecurity consulting offering in Europe (Positive)

*Berger Paints:* Promoter group bought 20500 shares of company (Positive)

*Vedanta:* Company approves dividend of Rs 17.50/sh (Positive)

*Minda Corp:* Company has signed a technology license agreement with LocoNav for white-labelling of telematics software (Positive)

*Welspun India:* The home textiles major expects revenue to cross the Rs 15,000 crore-mark by FY26 (Positive)

*MBL Infra:* The civil construction company has received arbitration award for its residential project in Delhi. (Positive)

*Hind Motors:* The company has entered into a MOU to extend the electric vehicle domain across the border to enhance the production of eco-friendly electric vehicle. (Positive)

*Adani Ent:* Company to consider raising capital on Friday, Nov 25 via public offering, preferential allotment (Neutral)

*FSN E-Commerce:* Lighthouse India Fund III has sold 1.84 crore equity shares in the company (Neutral)

*Hindustan Zinc:* The subsidiary of Vedanta will trade ex-dividend on November 23 (Neutral)

*Vodafone:* Shareholders have approved issuing shares worth Rs 1,600 crore to ATC Telecom (Neutral)

*Mindtree:* The ex-date for the Mindtree merger is November 23 and the record date is November 24.  (Neutral)

*FSN E-Commerce:* Private equity firm Lighthouse India will sell stake worth Rs 320 crore in FSN E-Commerce Ventures (Neutral)

*Larsen & Toubro:* The engineering major said it has bought the entire stake held by Chiyoda Corporation in L&T-Chiyoda Ltd for Rs 75 crore  (Neutral)

*Rossell India:* Promoter group sold 10000 shares of company (Neutral)

*KEI Ind:* Promoter group sold 2 Lakh shares of company (Neutral)

*Siemens:* Net Profit at Rs 382.0 crore versus poll of Rs 440.0 crore, Net Revenues at Rs 4657.0 crore versus poll of Rs 5101.0 crore. (Negative)

*Nykaa:* CFO Arvind Agarwal resigns (Negative)

*Rolex Rings:* PGIM India Mutual Fund sold 1.86 lakh shares in the company at an average price of Rs 1,923.16 per share (Negative)

SGX nifty is trading at 18351 up by 63 points.

Global indices are ended in green.

Stocktry news Room


*Lupin:* Company signs MoU with Govt Of Rajasthan for healthcare system (Positive)

*Axis Bank:* S&P upgrades Axis Bank to BBB- from BB+, outlook stable (Positive)

*JK Paper:* Approves Acquisition of 85% Stake Each In Horizon Packs & Securipax Packaging (Positive)

*Archean Chemical:* Quant Money Managers acquired 6.5 lakh equity shares (Positive)

*Blue Star:* Kotak Mahindra Mutual Fund bought additional 63,179 equity shares in the company (Positive)

*Vedanta:* To Consider & Approve 3rd Interim Dividend. (Positive)

*Blue Dart:* Announced The Opening Of 25 Retail Outlets In Tier I & II Towns As Part Of Its Expansion Plans (Positive)

*Quess Corp:* Promoters bought 50000 shares on November 18 (Positive)

*Jubilant Food* The company has received approval of its board to set up a subsidiary to run Domino's Pizza business in Nepal (Positive)

*Force Motors:* Company has commenced the production of its next-generation shared mobility platform (Positive)

*Reliance Ind:* Jio receives NCLT approval for the acquisition of Reliance Infratel.  (Neutral)

*Nykaa:* Light House India Fund to sell 0.65% stake of Nykaa via block deal at ₹180-183.50/share, sources (Neutral)

*Punjab National Bank:* Bank appoints Binod Kumar as Executive Director (Neutral)

*Kirloskar Electric:* Company decides to recall 29 workmen who were laid-off at the company's Bhudihal (Neutral)

*Delhivery:* Morgan Stanley Asia (Singapore) Pte - ODI bought 48.54 lakh equity shares in the company at an average price of Rs 330 per share (Neutral)

*FSN E-Commerce:* Private equity firm Lighthouse India will sell stake worth Rs 320 crore in FSN E-Commerce Ventures (Neutral)

*New Delhi Television:* Adani group's open offer to acquire an additional 26 percent stake in the media firm from the market to start from November 22 (Neutral)

*Alstone Textiles:* Paschim Finance and Chit Fund Pvt Ltd sold 2.3 lakh shares in the company. (Negative)

*Sadbhav Engineering:* Vasistha C Patel has resigned as CEO of the company with immediate effect (Negative)

SGX nifty is trading at 18246 up by 41 points.

Global indices are ended in red. Let's see how Indian market opens.

SGX nifty is trading at 18252 down by 95 points.