தமிழ் Pangu Sandhai

Stocks To Watch - 28 JAN 2025

Infosys: The company announced collaboration with Street Child. It established seven digital learning centres to address the educational challenges faced by children in crisis-affected areas of Ukraine.

Arvind SmartSpaces: The company will develop a mega industrial park in Ahmedabad spread over 440 acres. The top-line potential for the mega industrial park is Rs 1,350 crore.

360 One Wam: The company approved the acquisition of Batlivala & Karani Securities India for Rs 1,774 crore and Batlivala & Karani Finserv for Rs 110 crore on a fully diluted basis.

Bank of Baroda: The bank entered into a business transfer agreement with Bank Dhofar to transfer business undertaken by its Oman branch.

HeidelbergCement India: The company did not respond or comment on market rumours in response to the exchanges' clarification request regarding the news titled ‘UltraTech Cement in advanced talks to acquire HeidelbergCement India.

Wipro: The company has entered into an agreement with Friesland Campina to provide core IT services over a five-and-a-half-year engagement period.

Oriental Rail: The company's arm got an order worth Rs 575 crore from Indian Railways to manufacture and supply 33 rakes of flat multi-purpose waggons. The contract needs to be executed within a timeframe of 21 months.

Tata Power: TP Solar Ltd., a step-down subsidiary of the company, received a contract worth Rs 455 crore to supply 300 MWp of ALMM-certified solar modules to Maharashtra State Power Generation.

IIFL Finance: Bharat Aggarwal resigned as the business head of unsecured lending.

Azad Engineering: The company has signed an agreement with GE Vernova for the supply of gas turbine engines, with the current phase of the contract valued at Rs 960 crore.

Stocks To Watch - 23 JAN 2025

Housing & Urban Development Corp: The company signed a memorandum of understanding with the Vadhavan Port project to explore and provide funds up to Rs 25,000 crore for the development of new ports.

Paras Defence and Space Technologies: The aerospace and defence company signed a memorandum of understanding with the Maharashtra government to invest around Rs 12,000 crore for a proposed Optics Park project over the next 10 years.

MAS Financial Services: The company is to consider investment in arm Rural Housing & Mortgage.

Waaree Energies: The company's arm Waaree Solar Americas commences commercial production of 1.6 GW Solar Module line in US.

Mazagon Dock Shipbuilders: The Navratna company clarified that there was no contract signed between them and Jawaharlal Nehru Port Authority, as was erroneously reported by media.

Balmer Lawrie & Co: The steelmaker issued an undertaking in favour of PFC for infusing funds for meeting shortfall in debt servicing of loan facility.

Zydus Lifesciences: The pharmaceutical company announced US FDA orphan drug designation to Usnoflast for the treatment of amyotrophic lateral sclerosis.

Agro Tech Foods: The CCI approves the proposed acquisition of Del Monte Foods.

Bharat Petroleum Corp: The board approved the submission of the development plan to the Indonesian regulator. An estimated investment of $121 million would commence once the development plan for the Nunukan Block, aimed at exploring oil and gas reserves, gets approved. The company is also to enter into a joint venture agreement with Praj Industries for setting up compressed biogas plants.

Laurus Labs: The US FDA issued a Form 483 with one observation to the company's US-based arm Laurus Generics.

Prataap Snacks: The company has received a letter of offer for an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela, who plan to acquire a 26.01% stake in the company.

Mangalore Refinery and Petrochemicals: The company has entered into a lease agreement with the Indian Strategic Petroleum Reserves Ltd. for the storage of crude oil.

Bayer CropScience: The company has received a GST demand order worth Rs 2.8 crore for the period from financial year 2018 to financial year 2020 from the Telangana government.

Zen Technologies: The company received a patent grant for "T-72 Containerized Crew Gunnery Simulator System."

Afcons Infrastructure: It received a Letter of Intent from Defence Research and Development Organisation for Rs 1,084.5-crore infrastructure project.

United Spirits: The company has received a GST demand order worth Rs 1.1 crore from the Kerala government for the period between September 2017 and March 2020.

Kotak Mahindra Bank: The company board will consider raising funds by issuance of NCDs on private placement basis.

Morepen Laboratories: The company incorporated a new subsidiary Morepen Medtech Ltd.

NTPC Green: The company incorporated NTPC Rajasthan Green Energy Ltd, a 74:26 Joint Venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd.

Zee Media Corp: The company is set to consider raising funds through further public issue, qualified institutional placement, or other means.

Borosil Renewables: The company has announced 50% capacity expansion in manufacturing of solar glass.

United Breweries: The Telangana government has refused to bow to the demands of United Breweries for a substantial price hike and attributes it as companies "monopoly tactics".

NMDC: The company gets approval for incorporation of arm in Gujarat and for opening NMDC Liaison Offices at Dubai, UAE and Brisbane/Melbourne, Australia.

PI Industries: The company gets customs demand order worth Rs 82.8 crore from Maharashtra government. Order is related to classification disputes under the Customs Tariff for input material imported.

Matrimony.com: Sushanth S Pai resigns as CFO effective Feb. 17.

Stocks To Watch - 09 JAN 2025

Tata Motors: JLR shipped more cars, but fewer were registered in October-December 2024, even as supply disruptions eased.

Bharat Heavy Electricals: BHEL successfully commissioned two units of a hydroelectric project in Bhutan.

Poonawalla Fincorp: The company has approved raising up to Rs 190 crore through bonds.

MOIL: The company has received a penalty order worth Rs 16.8 crore from the Madhya Pradesh government for excess production at its Tirodi Mine.

Man Industries (India): Sanjay Agrawal has resigned from his position as chief financial officer, effective Wednesday.

National Aluminium Co: Brijendra Pratap Singh has assumed office as chairperson-cum-managing director of Nalco, effective Wednesday.

Acme Solar Holdings: The company, through its arm, has commissioned the remaining 62 MW and 28 MW solar projects in Rajasthan.

The India Cements: The company has received GST demand of Rs 7.1 crore, including fines and penalties, from Chennai Tax Authority.

Anand Rathi Wealth: The board will consider the issuance of bonus shares in its upcoming meeting.

Persistent Systems: The company will consider the declaration and payment of an interim dividend.

Orient Technologies: The company has appointed Shrihari Bhat as the chief executive officer.

Lupin: The firm has received Establishment Inspection Report with 'Voluntary Action Indicated' status from the US FDA for its Pithampur facility.

UltraTech Cement: The company received GST order worth Rs 1 crore along with interest from the Bhopal tax authority.

GMR Airports: The company has entered into a share purchase agreement to acquire shares of Bird Delhi General Aviation Services in one or more tranches.

Hindalco Industries: The company's US-based aluminium producer and subsidiary Novelis announced that its indirect wholly owned subsidiary, is proposing to offer $500 million aggregate principal amount of its senior unsecured notes due 2030 in a private offering.

Advait Infratech: The company has received a letter of intent from Gujarat Urja Vikas Nigam Ltd. for the establishment of standalone battery energy storage systems.

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Stocks To Watch - 01 JAN 2025

The India Cements: The company approved the appointment of Suresh Vasant Patil, as chief executive officer and Krishnagopal Ladsaria, as chief financial officer.

Suzlon Energy: S.Venkata Subramaniam, the chief executive officer of unit SE Forge, has resigned from the services with effect from close of business hours.

Jupiter Wagons: The company increased stake in its arm Jupiter Electric Mobility to 75% from 60%.

Dhani Services: The board approved the raising of up to Rs 406 crore through issue of convertible warrants.

Piramal Enterprises: The company made an investment of Rs 1,000 crore in arm Piramal Capital through subscribing to rights issue.

Vishnu Prakash R Punglia: The company received a contract from Hissar Builders for fabrication of FOB Steel Girder in Chakradharpur Division. The order has a total value of Rs 7.3 crore.

The Ramco Cements: The company has commissioned a Waste Heat Recovery Turbine of additional 2 MW capacity. With this commission, the waste heat power generating capacity of company’s Alathiyur cement plant has gone up from 2 MW to 4 MW and company's overall waste heat power generating capacity has gone up from 43.15 MW to 45.15 MW.

Thomas Cook: The company informed of a cyber-attack on its IT infrastructure. The company is working with cyber security experts to support the investigation, identify the extent of the issue.

Indo Tech Transformers: The company currently possesses installed capacity of 9,500 MVA with a utilization rate of 80–90%. The company enhanced its capacity by adding 6,500 MVA, bringing the total capacity to 16,000 MVA. This expansion is expected to be completed by March 2027.

GTPL Hathway: The company to acquire a balance 49% of equity stake from the existing shareholders of its arm GTPL Vision Services for a cash consideration of Rs 11.31 crore.

Indo Tech Transformers: The company received a letter of intent worth Rs 117 crore for supply of 13 numbers of 150 MVA transformers.

Jagatjit Industries: Hindustan Unilever Ltd. has decided to discontinue the agreement with Jagatjit Industries Ltd. for the manufacturing and supply of malted milk food products, viz. Boost and Horlicks, at the manufacturing unit at Jagatjit Nagar, District Kapurthala, Punjab.

Dynacons Systems: The company received a turnkey data centre IT Infrastructure augmentation project of Canara Bank worth Rs 280 crore.

Sun Pharmaceutical Industries: The company entered into an agreement with Japan-based Zaza Industrial Holdings. The company to sell 100% shares held in unit Sun Pharma Japan Technical Operations to Zaza Industrial Holdings.

Kalpataru Projects International: The company and its international subsidiaries received orders worth Rs 1,011 crore. The company's year-to-date inflows have now exceeded Rs 17,300 crores.

PNC Infratech: The company receives in-principle approval from NHAI for transfer of 100% stake held by PNC Infra Holdings in its arm to Highways Infrastructure Trust.

Prataap Snacks: The CCI has approved the proposed acquisition of 72.8% stake in Prataap Snacks by Authum Investment.

ITC: The entire shares held by the company in hotel units and joint ventures to be transferred to ITC Hotels effective from Jan. 1.

SJVN: The company signed MoU with the government of Bihar for the development of 1000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in the state of Bihar.

Hazoor Multi Projects: Radheshyam Laxmanrao Mopalwar appointed as managing director for a period of five Years.

Stocks To Watch - 24 DEC 2024

Aster DM Healthcare: Nalanda Jayadev has been appointed as chief executive officer, while Aster Medcity Kochi will take over as senior consultant for forensic medicine, effective Dec. 23.

Vraj Iron and Steel: The company has successfully started commercial operation of a sponge iron plant on Monday at Village Dighoia, near Bilha Mode, Tehsil-Takhatpur, Dist. Bilaspur.

MIC Electronics: Competent Authority has approved capacity cum capability assessment for GPS location based public address and passenger information system.

Bansal Wire Industries: The company announced its new product, Hose Wire (Brass Coated Hose Reinforcement Wire), in the industrial product category.

Kirloskar Brothers: Ravish Mittal has resigned from the position of chief financial officer and KMP due to personal reasons.

MMTC: The company received a warning letter from NSE and BSE due to the non-holding of the stakeholder’s relationship committee in the year 2023-2024.

HG Infra Engineering: The company’s arm entered into a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam for the procurement of 185 MW/370 MWh on a long-term basis.

Zaggle Prepaid Ocean Services: The company raised Rs 595 crore via qualified institutional placement. The company has allotted 1.14 crore shares at an issue price of Rs 523.2 per share, which indicates a 5% discount to the floor price.

Websol Energy System: The company placed a purchase order for equipment for capacity addition of the cell line at the Falta Plant. The new line is expected to be installed and commissioned in the first quarter of financial year 2026, and it will likely begin commercial production in July 2026.

TVS Motor Company: The company completed the acquisition of a 39.11% stake in DriveX. Post acquisition, the company’s holding in DriveX has increased to 87.38%.

PG Electroplast: The company signed an agreement with Whirlpool to contract manufacture select Whirlpool-branded semi-automatic washing machines.

IIFL Capital Services: The company's arm Livlong Protection receives a corporate agent license from IRDAI.

Bharat Forge: The company to infuse $64.5 million in its arm, Bharat Forge America.

Symphony: The company signed a second addendum regarding the loan agreement with arm Symphony AU.

Stocks To Watch - 28 NOV 2024

Hudco, NBCC (India): Housing & Urban Development Corp. signed a memorandum of understanding with NBCC (India) Ltd. for the development of a 10-acre land parcel owned by Hudco in Noida. NBCC will handle the execution of the project, which is estimated to cost Rs 600 crore.

KEC International: The company has secured an order worth Rs 1,704 crore in its transmission and distribution business from Power Grid Corp. With these new orders, the company's year-to-date order intake has reached Rs 16,300 crore.

Sonata Software: The company has received a multi-million-dollar modernisation deal in Australia from a global company.

Waaree Renewable Technologies: The company has received a term sheet for constructing work for a solar PV project worth Rs 1,233 crore.

Ujjivan Small Finance Bank: The bank has successfully sold its stressed loan portfolio, including a written-off loans pool with an outstanding value of Rs 270.4 crore as of Sept. 30, 2024, to an asset reconstruction company via the Swiss challenge method for Rs 40.6 crore.

PCBL: The Andhra Pradesh government has allocated 116.6 acres of land for the company's chemical unit. The company plans to establish a manufacturing plant in the state with an investment of Rs 3,718 crore.

Natco Pharma: The company has sold land with clear and marketable titles, covering approximately 14.4 acres in Telangana for Rs 116 crore, which includes certain infrastructure costs.

Godrej Properties: The company launched its qualified institutional placement at a floor price of Rs 2,727 per share. The floor price is at a discount of nearly 4% from current market price.

Ashoka Buildcon: The company has submitted a bid for a project with Madhya Pradesh Poorv Kshetra Vidyut Vitaran, and the accepted bid price for the project is Rs 193 crore.

Life Insurance Corp: It has filed an appeal in Maharashtra against an order demanding Rs 530 crore in goods and services tax, including interest and penalty, for fiscal 2020.

Stocks To Watch - 27 NOV 2024

Wipro: The company extended its partnership with automotive solutions company Marelli for additional four years and received a $100 million deal from Marelli.

Infosys: The company will pay 90% variable pay to its employees for the second quarter of the fiscal. This comes as the company beat market expectations in the quarter and raised its full year guidance.

Zee Entertainment Enterprises: The Arbitral Tribunal dismissed the claims made by the company and its subsidiary, Margo Networks, against Railtel Corp. The claims were related to the alleged wrongful termination of a content-on-demand agreement with Railtel Corp.

Olectra Greentech: The company gave REC guarantee for Rs 2,500 crore loan to promoter's arm.

Aster DM Healthcare: The company has entered into an agreement with the key promoters and minority shareholders of its arm Prerana Hospital (Aster Aadhar), for acquiring additional equity shares representing 13% stake of Prerana Hospital.

Adani Enterprises: The company’s arm Adani Airport holding's joint venture completed the acquisition of 74% stake of Cococart Ventures.

NTPC: The company's arm incorporated Mahagenco NTPC Green Energy as a 50:50 joint venture with the Maharashtra government for development of renewable energy projects.

Adani Green Energy: The company's arm Adani Saur Urja incorporated a wholly owned subsidiary Adani Hydro Energy Five.

Patanjali Foods: Life Insurance Corporation of India raised its stake in the company to 5.020% from 4.986%.

India Glycols: The company incorporated IGL Spirits as its wholly owned subsidiary.

Kotak Mahindra Bank: The CCI approved Kotak Mahindra Bank'sacquisition of personal loans business of Standard Chartered Bank, India Branch.

Lumax Auto Technologies: The company has acquired 60% stake in Greenfuel Energy Solutions for Rs 153 crore via arm Lumax Resources to foray into the green and alternate fuels segment.

Exide Industries: The company made an additional investment of Rs 100 crore in its arm Exide Energy. The total investment in the arm now stands at Rs 3,052 crore.

RailTel Corp.: The company has received a Rs 15 crore work order from Kakinada Smart City for the SITC, as well as the operations and maintenance of the existing Integrated Command and Communication Centre of KSCCL, Kakinada.

Sky Gold: The company has approved a bonus issue in the proportion of 9:1.

GE Vernova T&D India: The promoter will exercise the option to oversubscribe in the offer for sale.

Zaggle Prepaid Ocean Services: The company has entered into an agreement with MasterCard to recommend Zaggle SaaS platform, payment and card products to corporate customers.

Sarveshwar Foods: The company’s Singapore unit received 12,000 MT order for Indian long grain parboiled rice from Monarda Commodities. The total value of the order is for Rs 44.5 crore. The arm eyes for Rs 200 crore annual revenue.

Dabur India: The company received an updated GST demand worth Rs 321 crore including interest.

UltraTech Cement: The NCLT has approved the composite scheme of arrangement between Kesoram Industries and UltraTech Cement, along with their respective shareholders and creditors. It also authorised the allotment of NCDs worth up to Rs 1,000 crore on a private placement basis.

BLS E-Services: The company has completed the acquisition of 57% controlling stake in Aadifidelis Solutions for an enterprise value of Rs 190 crore.

BLS International Services: The company's Singapore-based subsidiary acquired Beijing Biaoshi Enterprise Consulting. BLS International FZE, a subsidiary of the company, acquired a 51% stake in its UK arm.

Can Fin Homes: The company has declared an interim dividend for Rs 6 per share.

Ola Electric Mobility: The company launched Gig and S1 Z range of scooters to democratise electric mobility. Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+ starting at introductory price of Rs 39,999, Rs 49,999, Rs 59,999, and Rs 64,999, respectively.

Indian Overseas Bank: The company has received an income tax refund of Rs 1,238 crore.

bank clarified on reports stating FSIB recommendation of Binod Kumar as MD, CEO that government is yet to notify appointment.

Stocks To Watch - 26 NOV 2024

InterGlobe Aviation: The company's market share saw a slight increase, rising to 63.3% from 63% month-on-month. However, the passenger load factor experienced a small dip, decreasing from 82.6% to 82.3%.

SpiceJet: The company's market share grew to 2.4% from 2% month-on-month. The passenger load factor also saw a slight improvement, rising from 80.4% to 81%.

Zomato: The board opens the QIP and sets floor price for QIP at Rs 265.91 per share. It also received communications on liquidation of step-down arm Zomato Internet. The Zomato Internet did not have any active business operations and was under the process of liquidation.

Ashoka Buildcon: Ashoka Buildcon has secured a Rs 1,391-crore project from the National Highways Authority of India on Monday. The project involves the development of a highway in West Bengal. The company has received the "letter of award" for the project, which will be executed under the hybrid annuity model.

HDFC Life Insurance: Customer data fields were shared by an unidentified source. The company is conducting a thorough investigation, working with information security experts to determine the root cause and take appropriate remedial action. The investigation is ongoing to evaluate any potential impact, and the company is making this disclosure in the interest of good governance.

GE Vernova: Grid Equipments Pvt., a promoter of GE Vernova T&D India Ltd., plans to sell up to approximately 2.15 crore equity shares, representing an 8.38% stake, through an offer for sale across two trading days. The floor price for the offer has been set at Rs 1,550 per share, on Monday. The seller intends to sell 1.4 crore equity shares, the base offer, with a face value of Rs 2 each, representing 5.47% of GE Vernova T&D's paid-up equity share capital. This portion will be available on Tuesday exclusively for non-retail investors.

Hindustan Unilever: The board approved the demerger of its ice-cream business into an independent listed entity, based on the recommendation of the independent committee and the incorporation of a wholly owned arm for the proposed demerger of ice cream business.

Hitachi Energy India: The company received a notification of award from Power Grid for Renewable Energy Project.

Power Grid Corp.: The company has been declared as the successful bidder under the tariff-based competitive bidding.

New India Assurance Co: Income tax department to refund Rs 1,945 crore, including interest, to company for assessment years 2013–14 to 2019-20.

Gulf Oil Lubricants India: The company and Piaggio Vehicles renewed their strategic partnership agreement to extend collaboration in delivering genuine and co-branded lubricants across Piaggio's commercial vehicle segment.

Sigachi Industries: Sarweswara Reddy Sanivarapu resigned as Chairman and Independent Director to pursue new business ventures and or to take new professional assignment and opportunities.

StoveKraft: The company commissioned the newly constructed cast Iron Foundry at Harohalli factory. The foundry is built at a cost of Rs 40 crore. The foundry’s current installed capacity of 2.2 million pieces per annum and has been designed to reach 4.4 million pieces per annual in future.

Wipro: Pierre Bruno is stepping down as CEO of Europe strategic market unit and appointed Omkar Nisal as CEO of strategic market unit.

Paisalo Digital: The board is to meet on Nov. 28 to consider fundraising.

LT Foods: The company to make an investment SAR 185 million over next 5 years in Saudi Arabia.

Allcargo Logistics: The LCL volume grew by 5% year-on-year to 746 cubic meters, marking the fourth consecutive month of growth.
Meanwhile, the Full-Container-Load volume increased by 14% YoY, reaching 57 TEUs.

Edelweiss: The company has clarified that there are exploring options like stake sales in units, listing for enhancing shareholders’ value.

KRN Heat Exchanger and Refrigeration: The company acquired an additional stake worth Rs 236 crore in its arm KRN HVAC Products by subscribing to its rights issue.

Indian Bank: The

Stocks To Watch - 22 NOV 2024

Tata Power: The company signed a memorandum of understanding with Asian Development Bank for $4.25 billion to finance key clean energy power projects.

SJVN: The company signed an MoU with the Rajasthan Energy Department to spearhead the development of renewable energy in the state. Under the MoU, SJVN would develop 5 GW pumped storage projects and 2 GW floating solar projects in the state.

Afcons Infrastructure: The company received a letter of acceptance from the Uttarakhand Project Development and Construction Corp. for civil works worth Rs 1,274 crore.

Mphasis: The company has been named as the 'official digital partner' of MoneyGram Haas F1 Team. It will collaborate with MoneyGram Haas F1 Team to develop cutting-edge solutions aimed at enhancing the team's performance on the track and driving operational efficiency off the track.

Raymond: The BSE and NSE have issued a no objection letter for the demerger between Raymond and Raymond Realty.

LIC: The company increased its shareholding in LTIMindtree from 5.033% to 7.034%.

ICICI Prudential Life Insurance: The company to make an investment up to 10% of share capital in Bima Sugam India Federation.

Wipro: The company has fixed Dec. 3 as a record date for the purpose of determining the equity shareholders of the company eligible for bonus equity shares.

Protean eGov Technologies: NSE Investments to sell up to 20.3% stake in the company, including oversubscription option. The offer for sale floor price at Rs 1,550 per share.

Medplus Health: The company received a suspension order of drug licence for Karnataka store.

Hyundai Motor India: The company to set up two renewable energy plants in Tamil Nadu.

Popular Vehicles and Services: The company’s arm has inaugurated a new 3S facility exclusively offering Bharat Benz vehicles in Maharashtra.

Man Industries: The company will monetise assets of arm Merino Shelters and incorporate a wholly owned subsidiary branch in Taiwan.

Stocks To Watch - 21 NOV 2024

Tata Power: The company entered into a strategic partnership with Druk Green Power Corpo, a subsidiary of Druk Holding and Investments Ltd., the sole generation utility of Bhutan, to collaborate and develop at least 5,000 MW of clean energy generation capacity in Bhutan.

PSP Projects: The company executed a share purchase agreement between promoter Prahaladbhai S. Patel and Adani Infra, whereby Adani Infra will be acquiring up to a 30.07% stake from the promoter for Rs 685 crore. Adani Infra makes an open offer for the acquisition of up to 1 crore shares at Rs 642.06 per share.

NLC India: The company is to make an investment of up to Rs 3,720 crore for various renewable projects in the arm, subject to compliance with DIPAM guidelines and necessary approvals of the Ministry of Commerce and other departments as may be required.

JSW Steel: The company declared as the preferred bidder for the Codli mineral block in Goa. The projected iron ore resources are at 48.5 million tonnes, in addition to 2.7 million tonnes of ore in dumps.

Aegis Logistics: The company’s arm, Aegis Vopak Terminals, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering. The IPO consists of a fresh issue of Rs 3,500 crore.

Bajaj Auto: The RBI disposed of the FEMA matter over KTM investment on payment of Rs 2.2 crore compounding amount. The compounding amount imposed in the case of the inadvertent ODI-FDI structure over the company's investment in KTM in 2012.

Bharti Airtel: Nokia received a 5G extension deal from the telco for India operations.

PowerGrid: The company has been selected as the successful bidder for acquiring Khavda V-A Power Transmission to establish a transmission system for evacuation of power from potential renewable energy zones in the Khavda area of Gujarat for Rs 18.95 crore.

Mahindra & Mahindra: The company clarified that its collaboration with the Volkswagen Group remains intact and continues to explore multiple opportunities for expanding their partnership.

Garden Reach Shipbuilders and Engineers: The firm signed a contract with the West Bengal government for the delivery of 13 hybrid ferries for Rs 226 crore.

Kilburn Engineering: The company executed a share purchase agreement with Monga Strayfield for the proposed acquisition of a 100% stake in Monga Strayfield for Rs 123 crore.

Power Finance Corp: The company transfers its arm PFC Consulting to Adani Energy Solutions for Rs 18.78 crore.

Godfrey Phillips: The company declared an interim dividend of Rs 35 per share.

Medplus Health: The company’s arm received five suspension orders of drug licenses for stores in Pune.

LIC: Maharashtra GST authority reduced tax demand for fiscal 2020 to Rs 75 crore, including interest and penalty.

Britannia Industries: The company received notice from FSSAI over the use of a preservative in one batch and prohibition of its sale.

Godrej Properties: The company acquired a 53-acre plot of land in Joka, Kolkata, that offers development potential of ~1.3 mn sq ft of residential plotted development and an estimated revenue potential of Rs 500 crore.

UPL: The board approves raising up to Rs 3,380 crore via a rights issue in the ratio of 1 share for every 8 held at Rs 360 apiece. The rights issue will open on Dec. 5 and close on Dec. 17.

Godawari Power: To acquire a 51% stake in Jammu Pigments at a post-money valuation of Rs 500 crore.

Gujarat Narmada Valley: The company signed an MoU with the UK's INEOS for a 50-50 joint venture for the construction and operation of an acetic acid plant in India.

Indus Towers: The company said the Supreme Court's decision allowing tax credit claims for towers and related infra will reduce contingent liability by Rs 3,704 crore.

Stocks To Watch - 19 NOV 2024

PG Electroplast: The company, through its wholly owned subsidiary PG Technoplast, entered electric vehicle assembly and lithium-ion battery assembly. PG Technoplast will be responsible for setting up and managing the manufacturing facilities for electric vehicles, lithium-ion batteries, and related components and for the procurement of parts and raw materials for the same as specified by Spiro.

Zee Entertainment: Managing Director and Chief Executive Officer Punit Goenka has resigned from the position of Managing Director and was appointed as CEO—Key Managerial Personnel of the Company.

ITI: The company received a contract worth Rs 95 crore from the Directorate of Geology and Mining, Government of Uttarakhand, for the Mining Digital Transformation and Surveillance System in Uttarakhand.

GMR Airports Infrastructure: The company's passenger traffic rose 9% year-on-year for the month of October.

IIFL Securities: IIFL Management, IIFL Securities alternate asset management executed the first amendment to the business transfer pact.

Reliance Power: Reliance Power and Reliance Infrastructure have reconstituted their boards by elevating four senior officials of the companies to the board of directors.

GVK Power: The company has been admitted into the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The provisional list of prospective resolution applicants includes Vedanta, Jindal Power, Shyam Sel and Power, JSW Energy, and Zeal Global Opportunities Fund.

Shilpa Medicare: The company received a certificate of suitability from the European Directorate for the Quality of Medicines & Healthcare for API, Octreotide.

ONGC: The company “ONGC NTPC GREEN” has been incorporated as a 50:50 joint venture of ONGC Green, a wholly owned subsidiary of the company, and NGEL, a wholly owned subsidiary of NTPC Ltd. ONGPL will be engaged in the business of exploring and setting up renewable energy projects and assets both through greenfield development and acquisitions. ONGPL will also assess the feasibility and establishment of offshore wind projects, among other related activities.

Stocks To Watch - 18 NOV 2024

Reliance Power: The company received a show-cause notice from Solar Energy Corporation of India Ltd. for allegedly submitting a fake bank guarantee. According to SECI, a subsidiary of the company provided a bank guarantee purportedly issued by the Manila branch of First Rand Bank. However, First Rand Bank India has confirmed that no such branch exists. SECI stated that this conduct suggests a malafide intent to manipulate the tender's outcome. The show-cause notice demands an explanation from the company as to why criminal proceedings should not be initiated against the company.

Reliance Industries: The company and Disney completed a transaction to form a joint venture for entertainment brands in India. The company invested Rs 11,500 crore in growth capital in the joint venture. The JV will be spearheaded by three Chief Executive Officers. The transaction values of the JV are at Rs 70,352 crore on a post-money basis. The JV is controlled by Reliance and owned 16.34% by the company, 46.82% by Viacom18, and 36.84% by Disney.

GAIL: The company signed a 10-year pact with Abu Dhabi National Oil Company Gas for the delivery of up to 0.52 million metric tons per year of liquefied natural gas.

Prestige Estate: The company acquired 22,135 sq. meters of land worth Rs 292 crore in Mumbai for residential development.

Expleo Solutions: The board approved the incorporation of a new wholly owned subsidiary in Saudi Arabia.

SEPC: The board approved raising up to Rs 350 crore via rights issue.

ACME Solar: Udaipur Directorate General Of Goods and Services Tax Intelligence initiated a search at the company’s head office in Gurugram, Haryana.

KPI Green Energy: The board recommended the issuance of 1 bonus share for every 2 shares held.

Mankind Pharma: The company has pledged a 39.68% stake of its arm, Bharat Serums, in favour of Catalyst Trusteeship.

Tata Power: The company acquired a 100% stake in ERES-XXXIX Power Transmission for Rs 18.56 crore.

VIP Clothing: Statutory auditors M S K A & Associates resign due to inability to agree on proposed revision in fees.

Ujjivan Small Finance Bank: The board has approved the sale of NPA & written-off loans worth Rs 270 crore on which the bank carries an overall provision of 85.6%.

Indraprastha Gas: GAIL reduces domestic gas allocation to the company by 20%, effective Nov. 16.

Mahanagar Gas: Administrative price mechanisms gas allocation reduced by 18%, effective Nov. 16.

Adani Total Gas: GAIL reduces domestic gas allocation to the company by 13%, effective Nov. 16.

Sterlite Technologies: ICRA downgrades rating for long-term, short-term, and 25.15 million euros bank limits to ICRA AA- (Stable) from ICRA AA (Negative).

HCL Technologies: The company has rolled out AI labs with ServiceNow on the Noida campus.

Cyient: The company has expanded its pact with Allegro MicroSystems with the inauguration of a Centre of Excellence in Hyderabad.

Reliance Communications: Canara Bank classifies the company's accounts and of arm Reliance Telecom as 'Fraud.'

Stocks To Watch - 14 NOV 2024

Cipla: USFDA issued eight observations to the company’s Bengaluru manufacturing facility.

Varun Beverages: The company has approved a floor price for the qualified institutional placement at Rs 594.56 per share.

Wipro: The IT major and Sahara International Petrochemical completed the implementation of SAP S/4HANA.

Indian Overseas Bank: The lender will hike MCLR by 5 bps for a one-year tenure effective Nov. 15.

Tata Communications: The company will sell unit Tata Communications Payment Solutions to Australian digital payments and financial services provider Findi for over Rs 400 crore.

Tata Power: The company’s arm commissioned 126 MW floating solar projects in Madhya Pradesh.

Inox Green: The company approved the demerger of the power evacuation business. The proposed arrangement would enable consolidation of the same line of business into Resco, which will result in unlocking value and establishing the parent as a pure-play O&M player.

Deepak Nitrite: Subsidiary Deepak Chem Tech will manufacture polycarbonate resins with an investment of Rs 5,000 crore. It will acquire from Trinseo a PC technology license and Trinseo's PC manufacturing assets, including all proprietary equipment, situated at Stade in Germany, which will be relocated to India.

Stocks To Watch - 12 NOV 2024

L&T Technology Serivces: The company signed a definitive pact to acquire Silicon Valley-based Intelliswift for $110 million. Through this acquisition, L&T Technology plans to make inroads into adjacent markets of retail and fintech.

Indian Oil Corp: The company reported fire in a Benzene Storage Tank (1,000 KL capacity) at its Gujarat refinery. The cause of the fire is yet to be ascertained. The refinery operations are normal, IOC said.

Welspun Corp: The company's arm Welspun Mauritius Holdings divested 5% stake in Saudi Arabia-based for East Pipes Integrated $58 million.

RVNL: The company emerged as the lowest bidder from South Central Railway for EPC contract worth Rs 295 crore. The contract involves doubling of track between Navipet and Indalvi, including electrification and signaling works.

Ashapuri Gold Ornament: The company entered a pact with Titan for supply of gold jewellery. All orders from August 2024 till July 2026 will be covered under this contract.

Orient Technologies: The company appointed Shrihari Bhat as CEO, effective Jan. 1, 2025.

Indiamart Intermesh: The company arm Tradezeal Online entered a pact to disinvest 26% stake in Shipway Technology to Unicommerce eSolutions. The sale of shares is expected to be completed within 90 business days.

Windsor Machines: The company acquired Global CNC for Rs 343 crore to expand capacity to supply a wider range of machines to customers.

Sagility India: The company's shares will debut on the stock exchanges on Tuesday at an issue price of Rs 30. The Rs 2,106-crore IPO was subscribed times 3.2 times on final day.

Stocks To Watch - 07 NOV 2024

Reliance Power: The company’s unit, Rosa Power, has prepaid Rs 485 crore in debt to Varde Partners. The company has now become a zero-debt company after it settled its outstanding debt by payment of Rs 1,318 crore to Varde ahead of the original schedule. The company will pursue growth opportunities in the clean green power sector.

UltraTech Cement: The company's wholly owned subsidiary, UltraTech Cement Middle East Investments Ltd., bought an additional 11.55% stake in UAE-based unit Ras Al Khaimah Co. for White Cement and Construction Materials PSC for $22.02 million.

Hindustan Zinc: The government will exercise the oversubscription option in the offer for sale. The offer for sale included a base offer of 1.25% stake, with a greenshoe option of an additional 1.25%. The floor price has been set at Rs 505 per share.

Rail Vikas Nigam: The company received an order for a rail project worth Rs 180 crore from East Central Railway. The project includes the design, supply, erection, testing and commissioning of a 2x25KV feeder line along the track. It also includes 25KV OHE modification works to meet the 3,000 MT loading target for the up and down line of Garwa Road—Mahadiya Section of Dhanbad Division under E.C. Railway.

SpiceJet: The company obtained an extension of up to three months from the registrar of companies for conducting its annual general meeting for the financial year 2024. The AGM will be held by Dec. 31.

Kalpataru Projects International: The board has approved raising of up to Rs 200 crore via NCDs on a private placement basis. The NCDs will be listed on the wholesale debt market segment of BSE.

Polycab India: The company has emerged as the lowest bidder for the Rs 1,549.6 crore project from Bharat Sanchar Nigam Ltd. The contract involves development, upgradation, and operation along with maintenance of the middle mile network for Bharat Net.

Stocks To Watch - 06 NOV 2024

NTPC: The company approved multiple investments aggregating to Rs 79,738.5 crore. The company sanctioned an investment of Rs 29,344.5 crore for the Telangana Super Thermal Power Project, Phase-II. The public sector undertaking approved an investment of Rs 20,445.69 crore for its Gadarwara Super Thermal Power Project, Stage-II, and Rs 29,947.91 crore funding for its Nabinagar Super Thermal Power Project, Stage II.

Hero MotoCorp: The Splendor maker plans to expand its commercial operations in the UK and Europe from the second half of 2025 with a new electric scooter- the VIDA Z- in tow. That will be followed by high-capacity internal combustion motorcycles. Subsequently, the company plans to expand its range to high-capacity premium internal combustion engine motorcycles. The company appointed Pelpi International as Italy Distributor.

Indian Energy Exchange: The electricity exchange achieved electricity traded volume of 9,642 MU in October, marking a 4% year on year increase. During the month, IEX traded 4.44 lakh renewable energy certificates recording a 105% year on year increase.

Coffee Day Enterprises: Exchanges have suspended regular trading for companies under the insolvency and bankruptcy code effective Tuesday. As a result, these stocks will now be traded only once a week, limited to the first trading day of each week, until further review. The exchanges also announced plans to initiate necessary steps to safeguard stakeholders' interests during this period.

Rail Vikas Nigam: A consortium led by RVNL and also comprising HFCL Ltd. and Aerial Telecom Solutions Pvt., has bagged a project worth Rs 5,008 crore from the BSNL. The state-run firm on Tuesday also said it has also won a construction project worth Rs 613 crore from Rail Infrastructure Development Company (Karnataka) Ltd.

Oil India: The company to form an equal equity joint venture with BPCL for CGD project in Arunachal Pradesh.

Hindustan Zinc: Government to sell up to 2.5% stake through an offer for sale. The offer for sale includes base offer of 1.25% stake, with greenshoe option of additional 1.25%. The floor price has been set at Rs 505 per share, indicating a 9.8% discount to Tuesday's close. The offer will open on Wednesday for retail investors.

Infosys: The company has collaborated with Southwark Council to launch digital learning platforms for residents, colleges and schools. This initiative aims to provide Southwark residents, colleges, and schools with free access to Infosys’ flagship digital learning platform, Springboard.

Sundaram Finance: The company appointed C Senthilnathan as chief financial officer effective Dec 1.

Stocks To Watch - 29 Oct 2024

NTPC: The company's subsidiary, NTPC Green, gets SEBI approval for an initial public offering.

Suzlon Energy: The board gives approval for capital recast to set off losses against reserves.

JSW Energy: The company's unit enters into a tech licensing pact with SANY Renewable for making wind turbine blades in India.

KFin Technologies: The tech company to form a 50-50 joint venture with CAMS for investment management platform MF Central.

Tata Technologies: The company has signed a pact with Air India to redo the interiors of aircraft operated by the erstwhile national carrier.

Infosys: The tech company completes acquisition of Germany-based Blitz 24-893 SE via Infosys Singapore.

Kalpataru Projects: The real estate company has approved raising up to Rs 1,000 crore via QIP.

JTL Industries: The board of directors of JTL Industries has set Nov. 15 as record date for the purpose of sub-division of 1 equity share of the company having face value of Rs 2 each into 2 equity shares.

Prestige Estates Projects: The real estate company has acquired 17.45 acres of land in Bengaluru's Whitefield for Rs 462 crore to develop a 2.68 million sq ft residential project.

Dixon Technologies: The tech company has signed a MoU with Cellecor Gadgets for manufacturing washing machines and related components.