๐ฎ๐ณIndia Daybook Stocks in News
*RVNL:* Company gets letter of award for projects worth โน1,298.2 crore from Himachal Pradesh Electricity Board (Positive)
*Titagarh Rail:* The Company has bagged the contract from the Railway Board for Manufacture and supply of 4,463 BOSM Wagons for a contract value of Rs. 1909 Cr (Positive)
*PNC Infratech:* Company executes concession agreement for HAM project worth โน1,174 cr with MP Road Development Corporation. (Positive)
*GAIL:* Company signed tripartite MoU with ONGC & Shell Energy to explore opportunities for import of ethane & other hydrocarbons. (Positive)
*Torrent Power* Gets LoA for supply of 306 MW Solar Power from Maha State electricity distribution company (Positive)
*India Glycols:* Company adds 270 KLPD capacity to existing bio-fuel ethanol plant at Kashipur, Uttarakhand (Positive)
*Tata Power:* MERC approves power tariff hike for Tata Power in Mumbai. (Positive)
*HG Infra:* Company declared L1 Bidder for project worth โน610 crore by NHAI (Positive)
*SBI Life:* February Life insurance new premium growth by 32.3 percent YoY (Positive)
*HDFC Life:* February Life insurance new premium growth by 14.5 percent YoY (Positive)
*ICICI Pru:* February Life insurance new premium growth by 32.5 percent YoY (Positive)
*SJVN:* Company receives LoA for 1,352 MW of solar power projects, total invst at โน7,436 crore. (Positive)
*Dwarikesh Sugar:* Buyback Approved, Offer price Rs. 105, Record date 20th March 2024. (Positive)
*JSW Energy:* JSW Neo enters into a technology licensing agreement with SANY Renewable for the manufacturing of 3.X MW WTGs in India for captive usage by the Company (Positive)
*Stylam Industries:* Care Ratings has improved the outlook of the company. (Positive)
*United Breweries:* Company launches new brand viz., โKingfisher Ultra Max Draught Beerโ in the โPremium Strong Beerโ segment category in Karnataka market. (Positive)
*KPI Green:* Company gets an order for the development of 305MW solar power projects from Aditya Birla Renewables Subsidiary & ABREL (RJ) Projects. (Positive)
*Signature Global:* Company will invest Rs 1,000-1200 crore per year to purchase land for the development of housing projects and encash strong consumer demand. (Positive)
*NBCC/BHEL:* Signs two MoUs with BHEL to redevelop BHEL's facilities, lease offices, residential units. (Positive)
*Dilip Buildcon:* Company gets order worth Rs 550 crore for tender floated by NHAI on hybrid annuity basis in Tamil Nadu (Positive)
*Azad Engineering:* Signs a Long-Term Strategic Supply Agreement (SSA) with a subsidiary of Baker Hughes (Positive)
*Tata Communications:* Company invests in global live production services with facility in Los Angeles. (Positive)
*Gujarat Gas/BPCL:* Signed accord for liquid fuels, auto lubricants. (Positive)
*Dredging Corp:* Company in pact with BEML for manufacturing of spares, dredgers (Positive)
*Zydus Life:* Company has received the EIR report from the USFDA for the inspection conducted at the API Ahmedabad facility (Positive)
*Beverages stocks:* Government hikes outlay to tea sector, incentives to small growers. (Positive)
*Rainbow Medicare:* Company has added a ~50-bed additional block to the existing hospital at Hydernagar, Hyderabad (Positive)
*Imagicaaworld:* To set up an entertainment hub at the Sabarmati Riverfront at Ahmedabad over an area admeasuring approximately 11 acres (Positive)
*IOC:* Company to manufacture fuel used in Formula1. (Positive)
*HCL Tech:* Company partners with Service Now to offer Gen-AI-led solutions for driving efficiency, cost-savings in businesses. (Positive)
*VBL:* Company is expanding its production capacities in the juices and value-added dairy products segments in 2024. (Positive)
*Gensol Engineering:* Company wins Gujarat Urja Vikas Nigam Limitedโs (GUVNLโs) 70 MW (140 MWh) battery energy storage project worth โน450 crore revenue (Positive)
*LTIMindtree:* Board appoints Vipul Chandra as new CFO. (Neutral)
*RVNL:* Company gets letter of award for projects worth โน1,298.2 crore from Himachal Pradesh Electricity Board (Positive)
*Titagarh Rail:* The Company has bagged the contract from the Railway Board for Manufacture and supply of 4,463 BOSM Wagons for a contract value of Rs. 1909 Cr (Positive)
*PNC Infratech:* Company executes concession agreement for HAM project worth โน1,174 cr with MP Road Development Corporation. (Positive)
*GAIL:* Company signed tripartite MoU with ONGC & Shell Energy to explore opportunities for import of ethane & other hydrocarbons. (Positive)
*Torrent Power* Gets LoA for supply of 306 MW Solar Power from Maha State electricity distribution company (Positive)
*India Glycols:* Company adds 270 KLPD capacity to existing bio-fuel ethanol plant at Kashipur, Uttarakhand (Positive)
*Tata Power:* MERC approves power tariff hike for Tata Power in Mumbai. (Positive)
*HG Infra:* Company declared L1 Bidder for project worth โน610 crore by NHAI (Positive)
*SBI Life:* February Life insurance new premium growth by 32.3 percent YoY (Positive)
*HDFC Life:* February Life insurance new premium growth by 14.5 percent YoY (Positive)
*ICICI Pru:* February Life insurance new premium growth by 32.5 percent YoY (Positive)
*SJVN:* Company receives LoA for 1,352 MW of solar power projects, total invst at โน7,436 crore. (Positive)
*Dwarikesh Sugar:* Buyback Approved, Offer price Rs. 105, Record date 20th March 2024. (Positive)
*JSW Energy:* JSW Neo enters into a technology licensing agreement with SANY Renewable for the manufacturing of 3.X MW WTGs in India for captive usage by the Company (Positive)
*Stylam Industries:* Care Ratings has improved the outlook of the company. (Positive)
*United Breweries:* Company launches new brand viz., โKingfisher Ultra Max Draught Beerโ in the โPremium Strong Beerโ segment category in Karnataka market. (Positive)
*KPI Green:* Company gets an order for the development of 305MW solar power projects from Aditya Birla Renewables Subsidiary & ABREL (RJ) Projects. (Positive)
*Signature Global:* Company will invest Rs 1,000-1200 crore per year to purchase land for the development of housing projects and encash strong consumer demand. (Positive)
*NBCC/BHEL:* Signs two MoUs with BHEL to redevelop BHEL's facilities, lease offices, residential units. (Positive)
*Dilip Buildcon:* Company gets order worth Rs 550 crore for tender floated by NHAI on hybrid annuity basis in Tamil Nadu (Positive)
*Azad Engineering:* Signs a Long-Term Strategic Supply Agreement (SSA) with a subsidiary of Baker Hughes (Positive)
*Tata Communications:* Company invests in global live production services with facility in Los Angeles. (Positive)
*Gujarat Gas/BPCL:* Signed accord for liquid fuels, auto lubricants. (Positive)
*Dredging Corp:* Company in pact with BEML for manufacturing of spares, dredgers (Positive)
*Zydus Life:* Company has received the EIR report from the USFDA for the inspection conducted at the API Ahmedabad facility (Positive)
*Beverages stocks:* Government hikes outlay to tea sector, incentives to small growers. (Positive)
*Rainbow Medicare:* Company has added a ~50-bed additional block to the existing hospital at Hydernagar, Hyderabad (Positive)
*Imagicaaworld:* To set up an entertainment hub at the Sabarmati Riverfront at Ahmedabad over an area admeasuring approximately 11 acres (Positive)
*IOC:* Company to manufacture fuel used in Formula1. (Positive)
*HCL Tech:* Company partners with Service Now to offer Gen-AI-led solutions for driving efficiency, cost-savings in businesses. (Positive)
*VBL:* Company is expanding its production capacities in the juices and value-added dairy products segments in 2024. (Positive)
*Gensol Engineering:* Company wins Gujarat Urja Vikas Nigam Limitedโs (GUVNLโs) 70 MW (140 MWh) battery energy storage project worth โน450 crore revenue (Positive)
*LTIMindtree:* Board appoints Vipul Chandra as new CFO. (Neutral)
*NLC India:* Govt to exercise oversubscription option for OFS. (Neutral)
*DB Realty:* Board approved QIP issue and authorized the opening on 7th March (Neutral)
*LTIMindtree:* Company says filed plea in court against โน730 cr GST claim. (Neutral)
*SBI:* Moody's affirmed 'Baa3' long-term currency deposit rating. (Neutral)
*M&M:* Company says Prudential Management sold 0.75% stake in co (Neutral)
*LIC Housing:* Board approves borrowing budget for FY 2024-25 (Neutral)
*Oil India:* Company approves second interim dividend of Rs 8.5/share (Neutral)
*Auto Stocks:* Karnataka to introduce extra cess on new transport vehicles and lifetime tax on luxury EVs (Neutral)
*Indigo:* Promoter Rakesh Gangwal is looking to sell up to 5.8% equity to raise nearly Rs 6,600 cr. Floor price is at Rs 2,925/sh: Sources. (Neutral)
*Sun Pharma:* Company recalls 55,000 bottles of generic drug from US market due to manufacturing norms violation (Neutral)
*Tata group stocks:* Tata Sons' IPO unlikely soon, company seeking options to comply with RBI norms: Media Sources (Neutral)
*Zee Entertainment:* Punit Goenka accepts the resignation of Rahul Johri.
*JM Fin:* SEBI bars JM Financial from acting as debt issue lead manager and from taking new mandate in debt public issue.
*Vedanta:* SEBI issues administrative waning to the Vedanta and asks the company to take corrective steps to strengthen internal control for corporate announcement
*IOC/HPCL:* โน100 LPG cylinder price cut to be borne by OMCs; no fiscal impact on government.
*APL LTD:* US FDA issues Form 483 with four procedural observations for Oncology Formulation Facility (F-2) at Panelav
*DB Realty:* Board approved QIP issue and authorized the opening on 7th March (Neutral)
*LTIMindtree:* Company says filed plea in court against โน730 cr GST claim. (Neutral)
*SBI:* Moody's affirmed 'Baa3' long-term currency deposit rating. (Neutral)
*M&M:* Company says Prudential Management sold 0.75% stake in co (Neutral)
*LIC Housing:* Board approves borrowing budget for FY 2024-25 (Neutral)
*Oil India:* Company approves second interim dividend of Rs 8.5/share (Neutral)
*Auto Stocks:* Karnataka to introduce extra cess on new transport vehicles and lifetime tax on luxury EVs (Neutral)
*Indigo:* Promoter Rakesh Gangwal is looking to sell up to 5.8% equity to raise nearly Rs 6,600 cr. Floor price is at Rs 2,925/sh: Sources. (Neutral)
*Sun Pharma:* Company recalls 55,000 bottles of generic drug from US market due to manufacturing norms violation (Neutral)
*Tata group stocks:* Tata Sons' IPO unlikely soon, company seeking options to comply with RBI norms: Media Sources (Neutral)
*Zee Entertainment:* Punit Goenka accepts the resignation of Rahul Johri.
*JM Fin:* SEBI bars JM Financial from acting as debt issue lead manager and from taking new mandate in debt public issue.
*Vedanta:* SEBI issues administrative waning to the Vedanta and asks the company to take corrective steps to strengthen internal control for corporate announcement
*IOC/HPCL:* โน100 LPG cylinder price cut to be borne by OMCs; no fiscal impact on government.
*APL LTD:* US FDA issues Form 483 with four procedural observations for Oncology Formulation Facility (F-2) at Panelav
*India Daybook โ Stocks in News*
*ICICI Lombard:* Gross Direct Premium up 38.6%, April-February market share up 35 bps (Positive)
*Auro Pharma:* Company says acceptance of compliance with WHO GMP by who prequalification unit inspection services team (Positive)
*Pitti Engineering:* Company signs definitive agreement to acquire Bagadia Chaitra Industries at โน124.92 crore (Positive)
*Astrazeneca Pharma:* Company and mankind pharma partner to accelerate access to asthma medicine for patients in India (Positive)
*Venus Remedies:* Company secured good manufacturing practices approval from UNICEF. (Positive)
*Wipro:* Company expands partnership with Nutanix to launch new Nutanix business unit (Positive)
*RVNL:* Company emerges lowest bidder for Maharashtra Metro Project worth โน339.23 crore (Positive)
*Vardhman Poly:* Board meeting on March 28 to consider and approve sub-division/ split of shares (Positive)
*Suven Pharma:* Company has announced a proposed merger with Cohance life sciences (Positive)
*HG Infra:* Company gets letter of intent worth Rs 862 crore from NHAI for project in Andhra Pradesh (Positive)
*JWL:* Company gets order worth Rs 957 crore from the Ministry Of Railways for manufacturing and supply of BOSM Wagons (Positive)
*HIL:* Company has signed an agreement with Crestia Polytech for the acquisition of Topline at an enterprise value of โน265 crore. (Positive)
*ITC:* British American Tobacco (BAT) is planning to sell up to $2-3 billion of ITC in block trades this week. (Neutral)
*ITC:* Company acquires share of Sproutlife Foods for Rs 50 cr (Neutral)
*AB Capital:* Company approved scheme of amalgamation of unit aditya birla finance with co. (Neutral)
*Canara Bank:* Revises one year MCLR to 8.9% from 8.85%. (Neutral)
*Info Edge:* IT & BPO hiring trends down YoY & but decline less than Jan 2024 (Neutral)
*PFC:* Board declares third interim dividend of Rs 3/share. (Neutral)
*ESAF Small:* The board approved the proposal to raise funds upto Rs 135 crore by Bonds. (Neutral)
*M&M:* February production up 26.1% at 73,380 units vs 58,203 units (Neutral)
*Adani Ent:* Subsidiary will begin the survey to collect data from lakhs of informal tenement residents of dharavi to determine eligibility criteria on 18 Mar 2024 (Neutral)
*KEI Industries:* Board approves interim dividend of Rs 3.5/share (Neutral)
*Star Health:* Company's revenue grows 19% year-on-year in February. (Neutral)
*NIACL:* Company's revenue grows 4% year-on-year in February. (Neutral)
*KFin Tech:* Kotak Bank to sell 2% stake in co via block deals, Kotak Bank looking to sell upto 34.7 lac shares worth Rs 218 crs (Neutral)
*Indigo:* Rakesh Gangwal pares stake in company for Rs 6,785 crore through open market transactions. (Neutral)
*ICICI Lombard:* Gross Direct Premium up 38.6%, April-February market share up 35 bps (Positive)
*Auro Pharma:* Company says acceptance of compliance with WHO GMP by who prequalification unit inspection services team (Positive)
*Pitti Engineering:* Company signs definitive agreement to acquire Bagadia Chaitra Industries at โน124.92 crore (Positive)
*Astrazeneca Pharma:* Company and mankind pharma partner to accelerate access to asthma medicine for patients in India (Positive)
*Venus Remedies:* Company secured good manufacturing practices approval from UNICEF. (Positive)
*Wipro:* Company expands partnership with Nutanix to launch new Nutanix business unit (Positive)
*RVNL:* Company emerges lowest bidder for Maharashtra Metro Project worth โน339.23 crore (Positive)
*Vardhman Poly:* Board meeting on March 28 to consider and approve sub-division/ split of shares (Positive)
*Suven Pharma:* Company has announced a proposed merger with Cohance life sciences (Positive)
*HG Infra:* Company gets letter of intent worth Rs 862 crore from NHAI for project in Andhra Pradesh (Positive)
*JWL:* Company gets order worth Rs 957 crore from the Ministry Of Railways for manufacturing and supply of BOSM Wagons (Positive)
*HIL:* Company has signed an agreement with Crestia Polytech for the acquisition of Topline at an enterprise value of โน265 crore. (Positive)
*ITC:* British American Tobacco (BAT) is planning to sell up to $2-3 billion of ITC in block trades this week. (Neutral)
*ITC:* Company acquires share of Sproutlife Foods for Rs 50 cr (Neutral)
*AB Capital:* Company approved scheme of amalgamation of unit aditya birla finance with co. (Neutral)
*Canara Bank:* Revises one year MCLR to 8.9% from 8.85%. (Neutral)
*Info Edge:* IT & BPO hiring trends down YoY & but decline less than Jan 2024 (Neutral)
*PFC:* Board declares third interim dividend of Rs 3/share. (Neutral)
*ESAF Small:* The board approved the proposal to raise funds upto Rs 135 crore by Bonds. (Neutral)
*M&M:* February production up 26.1% at 73,380 units vs 58,203 units (Neutral)
*Adani Ent:* Subsidiary will begin the survey to collect data from lakhs of informal tenement residents of dharavi to determine eligibility criteria on 18 Mar 2024 (Neutral)
*KEI Industries:* Board approves interim dividend of Rs 3.5/share (Neutral)
*Star Health:* Company's revenue grows 19% year-on-year in February. (Neutral)
*NIACL:* Company's revenue grows 4% year-on-year in February. (Neutral)
*KFin Tech:* Kotak Bank to sell 2% stake in co via block deals, Kotak Bank looking to sell upto 34.7 lac shares worth Rs 218 crs (Neutral)
*Indigo:* Rakesh Gangwal pares stake in company for Rs 6,785 crore through open market transactions. (Neutral)
*News Headlines from Business News Agencies :*
*Business Standard :*
๐ seeing signs of price manipulation in SME segment: Sebi chief Buch
๐ Govt revamps pharma scheme, entails financial assistance to drug cos
๐ IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable
๐ Delta CEO expects Boeing 737 Max 10 deliveries to be delayed until 2027
๐ SC quashes plea, orders SBI to disclose electoral bond details by Tuesday
๐ Coromandel Int'l delivers 200 drones to women SHGs to modernise farming
๐ CIL, Vedanta, Adani eye lithium mining rights in Chhattisgarh's Korba
๐ PLI schemes will get India get investments in chip manufacturing: US
๐ Byju's shuts down offices across India amid cash crunch; implements WFH
๐ Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat
๐ AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger
๐ Beverage, air conditioner sales may jump up to 40% as mercury surges
๐ India could be in upper-middle income category over FY33-FY36: Ind-Ra
*Economic Times :*
๐ Mudrex launches US Bitcoin Spot ETFs for investors in India
๐ Sidbi gets $24.5 million from Green Climate Fund for its Avaana Sustainability Fund
๐ Shadowfax launches distribution centre in Port Blair
๐ Indian airlines expected to report lower net loss of Rs 3,000-4,000 crore this fiscal: Report
๐ Pepperfry appoints Mahip Dwivedi as VP marketing
๐ UK regulator to allow crypto exchange-traded notes for professional investors
๐ Maharashtra RERA cancels registration of 13,785 real estate agents
๐ Trying to grow Mahindra Lifespaces five times in five years: Amit Kumar Sinha
๐ Helios Mutual Fund launches Balanced Advantage Fund
๐ UPI transaction fee debate resurfaces as PhonePe & Google Pay cash in on Paytm's fall
๐ Sebi to start T+0 trade settlement on optional basis by March 28: Chairperson Buch
๐ Mankind Pharma enters exclusive pact to distribute AstraZeneca's anti-asthma drug Symbicort in India
*Mint :*
๐ Wipro & Nutanix partner to launch new Nutanix-focused business unit.
๐ PM Modi announces first test flight of Made-in-India Agni 5 missile
๐ Aditya Birla Capital board approves merger of Aditya Birla Finance with itself
๐ Luxury travel aggregator Hype eyes global expansion amid profitable growth
๐ SpiceJet returns leased engine to Brussels firm
๐ Bajaj Auto trademarks point to CNG motorcycles and more
๐ IGL, MGL, Gujarat Gas: Decline in Asian spot LNG price to aid earnings prospects
๐ Sebi may review rule for funds targeting overheated small caps
๐ The Body Shop files for bankruptcy; UK-based cosmetics major to close US stores
๐ Nvidia sued by three authors for use of copyrighted works to train NeMo AI
๐ Flipkart likely to enter quick commerce space business.
*Business Standard :*
๐ seeing signs of price manipulation in SME segment: Sebi chief Buch
๐ Govt revamps pharma scheme, entails financial assistance to drug cos
๐ IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable
๐ Delta CEO expects Boeing 737 Max 10 deliveries to be delayed until 2027
๐ SC quashes plea, orders SBI to disclose electoral bond details by Tuesday
๐ Coromandel Int'l delivers 200 drones to women SHGs to modernise farming
๐ CIL, Vedanta, Adani eye lithium mining rights in Chhattisgarh's Korba
๐ PLI schemes will get India get investments in chip manufacturing: US
๐ Byju's shuts down offices across India amid cash crunch; implements WFH
๐ Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat
๐ AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger
๐ Beverage, air conditioner sales may jump up to 40% as mercury surges
๐ India could be in upper-middle income category over FY33-FY36: Ind-Ra
*Economic Times :*
๐ Mudrex launches US Bitcoin Spot ETFs for investors in India
๐ Sidbi gets $24.5 million from Green Climate Fund for its Avaana Sustainability Fund
๐ Shadowfax launches distribution centre in Port Blair
๐ Indian airlines expected to report lower net loss of Rs 3,000-4,000 crore this fiscal: Report
๐ Pepperfry appoints Mahip Dwivedi as VP marketing
๐ UK regulator to allow crypto exchange-traded notes for professional investors
๐ Maharashtra RERA cancels registration of 13,785 real estate agents
๐ Trying to grow Mahindra Lifespaces five times in five years: Amit Kumar Sinha
๐ Helios Mutual Fund launches Balanced Advantage Fund
๐ UPI transaction fee debate resurfaces as PhonePe & Google Pay cash in on Paytm's fall
๐ Sebi to start T+0 trade settlement on optional basis by March 28: Chairperson Buch
๐ Mankind Pharma enters exclusive pact to distribute AstraZeneca's anti-asthma drug Symbicort in India
*Mint :*
๐ Wipro & Nutanix partner to launch new Nutanix-focused business unit.
๐ PM Modi announces first test flight of Made-in-India Agni 5 missile
๐ Aditya Birla Capital board approves merger of Aditya Birla Finance with itself
๐ Luxury travel aggregator Hype eyes global expansion amid profitable growth
๐ SpiceJet returns leased engine to Brussels firm
๐ Bajaj Auto trademarks point to CNG motorcycles and more
๐ IGL, MGL, Gujarat Gas: Decline in Asian spot LNG price to aid earnings prospects
๐ Sebi may review rule for funds targeting overheated small caps
๐ The Body Shop files for bankruptcy; UK-based cosmetics major to close US stores
๐ Nvidia sued by three authors for use of copyrighted works to train NeMo AI
๐ Flipkart likely to enter quick commerce space business.
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 13-03-2024 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -5554* ๐ญ
*INDEX FUT. : +442*
*INDEX OPT. : -7641*
*STOCK FUT. : +2094*
*STOCK OPT. : -450*
*SEC. IN F&O BAN FOR, 13.03.2024 :*
*1. ABFRL 2. HINDCOPPER 3. MANAPPURAM 4. MGL 5. SAIL 6. TATACHEM 7. ZEEL 8. PEL 9. NATIONALUM*
*ADDITION : PEL, NATIONALUM*
*DELETION : NIL,*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-MAR-2024 :*
*FIIS : BUY +73 (15,474-15,401)* ๐
*DIIS : BUY +2,358 (10,478-8,120)* ๐
*BSE SENSEX : +165 (73,667)๐ผ*
*NSE NIFTY : +03 (22,335)โ๏ธ*
*BSE MIDCAP. : -521 (39,237)*๐ฝ
*BSE SMLCAP. : -923 (42,831)*๐ฝ
*B. CRUDE : $ 82.44* ๐ผ โบ๏ธ
*GOLD: $ 2,161=INR 64,900(10gr)*๐ฝ๐ฉ
*SILVER : RS. 76,100 (kg)(5pm)*๐ผ๐
*FOREX : RS. $ 82.77 ๐ฝ โบ๏ธ*
*7.18% GOI '33: 7.0274%(101.03)๐ผโบ๏ธ*
*7.18% GOI '37: 7.0949% (100.7150)๐ผโบ๏ธ*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -5554* ๐ญ
*INDEX FUT. : +442*
*INDEX OPT. : -7641*
*STOCK FUT. : +2094*
*STOCK OPT. : -450*
*SEC. IN F&O BAN FOR, 13.03.2024 :*
*1. ABFRL 2. HINDCOPPER 3. MANAPPURAM 4. MGL 5. SAIL 6. TATACHEM 7. ZEEL 8. PEL 9. NATIONALUM*
*ADDITION : PEL, NATIONALUM*
*DELETION : NIL,*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-MAR-2024 :*
*FIIS : BUY +73 (15,474-15,401)* ๐
*DIIS : BUY +2,358 (10,478-8,120)* ๐
*BSE SENSEX : +165 (73,667)๐ผ*
*NSE NIFTY : +03 (22,335)โ๏ธ*
*BSE MIDCAP. : -521 (39,237)*๐ฝ
*BSE SMLCAP. : -923 (42,831)*๐ฝ
*B. CRUDE : $ 82.44* ๐ผ โบ๏ธ
*GOLD: $ 2,161=INR 64,900(10gr)*๐ฝ๐ฉ
*SILVER : RS. 76,100 (kg)(5pm)*๐ผ๐
*FOREX : RS. $ 82.77 ๐ฝ โบ๏ธ*
*7.18% GOI '33: 7.0274%(101.03)๐ผโบ๏ธ*
*7.18% GOI '37: 7.0949% (100.7150)๐ผโบ๏ธ*
โค1๐1
*News Headlines from Business News Agencies :*
*Business Standard :*
๐ NCLAT upholds Jet Airways transfer of ownership to Jalan Kalrock Consortium
๐ NPCI likely to approve third-party application license for Paytm this week
๐ Wheat inventories hit 7-year low at 9.7 MT after record state sale
๐ Domestic passenger vehicle sales rise 11% in February, shows Siam data
๐ NSE to cut cash, derivatives transaction charges by 1% from April 1
๐ 14 states, union territories raise Rs 35,544 crore at weekly bond auction
๐ Intel sharpens focus on India, carving it out as a separate region
๐ Rasna looks at overseas franchise arrangements for manufacturing abroad
๐ Bank of Baroda launches green term deposit scheme with 7.15% interest
๐ MSIL would have faced capacity hurdle without rail infra: Executive
๐ Qualcomm to announce Snapdragon 8, 7 series processors on March 18: Report
๐ Centre to develop non-personal data collection platform for India Inc
*Economic Times :*
๐ Tata Power Solar completes India's largest solar-BESS project in Chhattisgarh
๐ French startup Mistral AI vows to maintain open source
๐ Apple to let developers distribute apps directly from their sites
๐ Mahindra Lifespaces acquires 9.4-acre land parcel in Bengaluru's Whitefield
๐ Reliance's fuel supply to Europe avoids Red Sea: Sources
๐ Aditya Birla Sun Life Mutual Fund changes minimum SIP amount of 25 mutual fund schemes
๐ FY24 GDP growth to be closer to 8 pc but we must not succumb to triumphalism and exuberance: CEA
๐ Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity
๐ Italy to set up AI fund of 1 billion euros, PM Giorgia Meloni says
๐ JP Morgan extends Rs 200 crore credit facility to Oyo
๐ Google ties up with ECI to prevent spread of false information
*Mint :*
๐ India's retail inflation eases to four-month low at 5.09% in February 2024
๐ Factory output: India's industrial production slows down to 3.8% in January 2024
๐ VFS Global rejigs top deck, Yummi Talwar to replace South Asia COO Prabuddha Sen
๐ Popular Vehicles and Services IPO receives lukewarm response on day 1
๐ Abu Dhabi targets $100 billion AUM for AI investment firm
๐ Goa-based FLY91 takes off for Lakshadweep on inaugural flight
๐ Maharashtra Cabinet approves purchase of Mumbai Metro One from Anil Ambani
๐ Ion Exchange bags โน120 crore contract from Maaden, Saudi Arabia
๐ RoCs to drop 25,400 firms from official register for not filing annual returns
๐ Airbnb bans indoor security cameras in homes, prioritizing guest privacy
๐ Impact of Red Sea crisis on trade will be seen in FY25, says think tank
๐ Petrol pumps cap inventory amid hopes of fuel price cut
*Business Standard :*
๐ NCLAT upholds Jet Airways transfer of ownership to Jalan Kalrock Consortium
๐ NPCI likely to approve third-party application license for Paytm this week
๐ Wheat inventories hit 7-year low at 9.7 MT after record state sale
๐ Domestic passenger vehicle sales rise 11% in February, shows Siam data
๐ NSE to cut cash, derivatives transaction charges by 1% from April 1
๐ 14 states, union territories raise Rs 35,544 crore at weekly bond auction
๐ Intel sharpens focus on India, carving it out as a separate region
๐ Rasna looks at overseas franchise arrangements for manufacturing abroad
๐ Bank of Baroda launches green term deposit scheme with 7.15% interest
๐ MSIL would have faced capacity hurdle without rail infra: Executive
๐ Qualcomm to announce Snapdragon 8, 7 series processors on March 18: Report
๐ Centre to develop non-personal data collection platform for India Inc
*Economic Times :*
๐ Tata Power Solar completes India's largest solar-BESS project in Chhattisgarh
๐ French startup Mistral AI vows to maintain open source
๐ Apple to let developers distribute apps directly from their sites
๐ Mahindra Lifespaces acquires 9.4-acre land parcel in Bengaluru's Whitefield
๐ Reliance's fuel supply to Europe avoids Red Sea: Sources
๐ Aditya Birla Sun Life Mutual Fund changes minimum SIP amount of 25 mutual fund schemes
๐ FY24 GDP growth to be closer to 8 pc but we must not succumb to triumphalism and exuberance: CEA
๐ Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity
๐ Italy to set up AI fund of 1 billion euros, PM Giorgia Meloni says
๐ JP Morgan extends Rs 200 crore credit facility to Oyo
๐ Google ties up with ECI to prevent spread of false information
*Mint :*
๐ India's retail inflation eases to four-month low at 5.09% in February 2024
๐ Factory output: India's industrial production slows down to 3.8% in January 2024
๐ VFS Global rejigs top deck, Yummi Talwar to replace South Asia COO Prabuddha Sen
๐ Popular Vehicles and Services IPO receives lukewarm response on day 1
๐ Abu Dhabi targets $100 billion AUM for AI investment firm
๐ Goa-based FLY91 takes off for Lakshadweep on inaugural flight
๐ Maharashtra Cabinet approves purchase of Mumbai Metro One from Anil Ambani
๐ Ion Exchange bags โน120 crore contract from Maaden, Saudi Arabia
๐ RoCs to drop 25,400 firms from official register for not filing annual returns
๐ Airbnb bans indoor security cameras in homes, prioritizing guest privacy
๐ Impact of Red Sea crisis on trade will be seen in FY25, says think tank
๐ Petrol pumps cap inventory amid hopes of fuel price cut
๐ฎ๐ณIndia Daybook Stocks in News
*Mahindra Life:* Company acquires 9.4 acres land parcel in Whitefield, Bengaluru. (Positive)
*Auro Pharma:* Eugia Pharma specialities start distribution of aseptic products manufactured at Unit III (Positive)
*Titagarh Rail:* Company introduces second 25T Bollard Pull Tug for Indian Navy (Positive)
*TCS:* Company and SymphonyAI form strategic partnership (Positive)
*Muthoot Capital:* Company partners with EVFIN for electric two-wheeler financing across India. (Positive)
*L&T Finance:* Company signs funding pact worth $125 million with Japan International Cooperation Agency. (Positive)
*PayTM:* NPCI likely to approve third-party application provider license to Paytm latest by March 15 (Positive)
*Vardhman Poly:* Board meeting on March 28 to consider and approve sub-division/ split of shares (Positive)
*SRF:* Company incorporates wholly-owned subsidiary SRF Middle East in Dubai for trading in refrigerant gases (Positive)
*Glenmark Pharma:* Company completes transfer of remaining 20% stake of Glenmark Life Sciences to Nirma. (Positive)
*Sanghi Industries:* Ambuja Cements to sell up to 4% stake in the Company (Neutral)
*Jet Airways:* NCLAT approves control transfer to Jalan Kalrock. (Neutral)
*Utkarsh Small Finance Bank:* Company gets order from Income Tax department raising demand of Rs 52 crore for AY 2023-24. (Neutral)
*Vodafone Idea:* Company as secured commitment of up to $1 billion for equity raise. (Neutral)
*Federal Bank:* Bank to be part of the BSE Financial Services Index from Monday. (Neutral)
*SBI:* Bank sends Electoral Bond data to ECI as per SC order (Neutral)
*Kotak Mahindra Bank:* Sold 34.7 lk equity shares of KFin Technologies in open market for โน208 cr (Neutral)
*Vedanta:* SEBI asks Vedanta to pay Cairn UK โน77.63 cr: Agencies (Neutral)
*ITC:* British American Tobacco (BAT) Intends to sell up to 436,851,457 ordinary shares in ITC Limited (Neutral)
*Dr Reddy:* Company has received an order from GST Authority towards tax demand of Rs 67.5 crore and Rs 6.7 crore interest and penalty. (Neutral)
*J&K Bank:* Issues clarification on news reports stating ED attached bank properties worth Rs 4.81 crore in bank fraud case. (Neutral)
*Ethos:* Reduces stake in arm Silvercity Brands AG to 35% from 100% earlier (Neutral)
*Shalby:* Company will acquire 100 percent stake in Healers Hospital from its existing shareholders for Rs 104 crore. (Neutral)
*Hindware Home:* Salil Kapoor has resigned as the CEO of the company due to personal reasons, with effect from March 12.
*Mahindra Life:* Company acquires 9.4 acres land parcel in Whitefield, Bengaluru. (Positive)
*Auro Pharma:* Eugia Pharma specialities start distribution of aseptic products manufactured at Unit III (Positive)
*Titagarh Rail:* Company introduces second 25T Bollard Pull Tug for Indian Navy (Positive)
*TCS:* Company and SymphonyAI form strategic partnership (Positive)
*Muthoot Capital:* Company partners with EVFIN for electric two-wheeler financing across India. (Positive)
*L&T Finance:* Company signs funding pact worth $125 million with Japan International Cooperation Agency. (Positive)
*PayTM:* NPCI likely to approve third-party application provider license to Paytm latest by March 15 (Positive)
*Vardhman Poly:* Board meeting on March 28 to consider and approve sub-division/ split of shares (Positive)
*SRF:* Company incorporates wholly-owned subsidiary SRF Middle East in Dubai for trading in refrigerant gases (Positive)
*Glenmark Pharma:* Company completes transfer of remaining 20% stake of Glenmark Life Sciences to Nirma. (Positive)
*Sanghi Industries:* Ambuja Cements to sell up to 4% stake in the Company (Neutral)
*Jet Airways:* NCLAT approves control transfer to Jalan Kalrock. (Neutral)
*Utkarsh Small Finance Bank:* Company gets order from Income Tax department raising demand of Rs 52 crore for AY 2023-24. (Neutral)
*Vodafone Idea:* Company as secured commitment of up to $1 billion for equity raise. (Neutral)
*Federal Bank:* Bank to be part of the BSE Financial Services Index from Monday. (Neutral)
*SBI:* Bank sends Electoral Bond data to ECI as per SC order (Neutral)
*Kotak Mahindra Bank:* Sold 34.7 lk equity shares of KFin Technologies in open market for โน208 cr (Neutral)
*Vedanta:* SEBI asks Vedanta to pay Cairn UK โน77.63 cr: Agencies (Neutral)
*ITC:* British American Tobacco (BAT) Intends to sell up to 436,851,457 ordinary shares in ITC Limited (Neutral)
*Dr Reddy:* Company has received an order from GST Authority towards tax demand of Rs 67.5 crore and Rs 6.7 crore interest and penalty. (Neutral)
*J&K Bank:* Issues clarification on news reports stating ED attached bank properties worth Rs 4.81 crore in bank fraud case. (Neutral)
*Ethos:* Reduces stake in arm Silvercity Brands AG to 35% from 100% earlier (Neutral)
*Shalby:* Company will acquire 100 percent stake in Healers Hospital from its existing shareholders for Rs 104 crore. (Neutral)
*Hindware Home:* Salil Kapoor has resigned as the CEO of the company due to personal reasons, with effect from March 12.
To be accumulated gradually over the next 10 days
TOp PICKs (LaRGE / MiD / SMaLL CAPs) 2024-2025:
5 Large Caps,
10 mid and small caps,
Total 15 Stocks...
LIST IS OUT, GRAB YOUR COPY,
Write us
https://wa.me/+919869958999
LIKE SHARE REPOST...
TOp PICKs (LaRGE / MiD / SMaLL CAPs) 2024-2025:
5 Large Caps,
10 mid and small caps,
Total 15 Stocks...
LIST IS OUT, GRAB YOUR COPY,
Write us
https://wa.me/+919869958999
LIKE SHARE REPOST...
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Forwarded from Aapka Saarthi @STOCKARTHi Make Money Work For You !!!
NIFTY ON SUPPORT 22122.
BANK NIFTY NEAR SUPPORT 46888.
SENSEX NEAR SUPPORT 73073.
BANK NIFTY NEAR SUPPORT 46888.
SENSEX NEAR SUPPORT 73073.
Stress test disclosures for small and midcaps funds to be announced on March 15: Madhabi Buch
https://www.moneycontrol.com/news/business/stocks/mutual-fund-small-and-mid-cap-stress-test-results-to-be-announced-on-march-15-madhabi-buch-12437391.html
https://www.moneycontrol.com/news/business/stocks/mutual-fund-small-and-mid-cap-stress-test-results-to-be-announced-on-march-15-madhabi-buch-12437391.html
Moneycontrol
Stress test disclosures for small and midcaps funds to be announced on March 15: Madhabi Buch
In 2023, the Nifty Midcap 150 index gave a return of 45 percent. The Nifty Smallcap 250 index went up by 49 percent. Smallcap MF schemes went up by 41 percent on the average, and midcap funds went up by 37 percent in 2023. This has resulted in a gush of inflowsโฆ
๐1
๐ฎ๐ณAlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin pinned ยซGet Stock Market News n updates on your Device connect https://telegram.me/AlliesFin Learn more about Stock Markets connect https://telegram.me/StockArthi Link to Join ALLiESFiN Whatsapp Channel... https://whatsapp.com/channel/0029VaPrz8AIXnlv64xTjs1fยป
GIFT Nifty -56 pts (22020) from last trade 22076 ,
Nikkei -156 pts ,
Hangseng +38 pts ,
Dow +37.83 pts ,Nsdq -87.87 pts, S&P
-9.96 pts , Bovespa +338 pts , Ftse +24 pts , Dax -3 pts , Cac +50 pts , Crude @ $79.69 brl (-0.03), Brent @ $84.03 brl (+0.00) , Gold @ 2180.50 (-0.30), Silver $25.245 (-0.00), Euro @ $1.0951, JPY @ $147.60, INR @ 82.815
*Today's Corporate Action*
*14th Mar Ex Date*
DATAINFRA
Income Distribution (InvIT)
WEL
Interim Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*14-Mar-24*
GOLDLEG
General
MIDHANI
Interim Dividend
PRIMEFRESH
General
SRUSTEELS
Increase in Authorised Capital
TIHIL
General
XTGLOBAL
General
*Stock under F&O ban on NSE*
*14-Mar-24*
1 ABFRL
2 HINDCOPPER
3 MANAPPURAM
4 NATIONALUM
5 PEL
6 RBLBANK
7 SAIL
8 TATACHEM
9 ZEEL
Nikkei -156 pts ,
Hangseng +38 pts ,
Dow +37.83 pts ,Nsdq -87.87 pts, S&P
-9.96 pts , Bovespa +338 pts , Ftse +24 pts , Dax -3 pts , Cac +50 pts , Crude @ $79.69 brl (-0.03), Brent @ $84.03 brl (+0.00) , Gold @ 2180.50 (-0.30), Silver $25.245 (-0.00), Euro @ $1.0951, JPY @ $147.60, INR @ 82.815
*Today's Corporate Action*
*14th Mar Ex Date*
DATAINFRA
Income Distribution (InvIT)
WEL
Interim Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*14-Mar-24*
GOLDLEG
General
MIDHANI
Interim Dividend
PRIMEFRESH
General
SRUSTEELS
Increase in Authorised Capital
TIHIL
General
XTGLOBAL
General
*Stock under F&O ban on NSE*
*14-Mar-24*
1 ABFRL
2 HINDCOPPER
3 MANAPPURAM
4 NATIONALUM
5 PEL
6 RBLBANK
7 SAIL
8 TATACHEM
9 ZEEL
*News Headlines from Business News Agencies :*
*Business Standard :*
๐ NHAI asks Paytm FASTag users to switch to another issuing bank by March 15
๐ Tata's chip plants to serve all sectors, generate 72k jobs: Chandrasekaran
๐ Finmin asks PSU banks for comprehensive review of their gold loan portfolio
๐ Property leasing by luxury brands in India jumped 170% in 2023: Report
๐ Karnataka HC extends interim protection for Byju's CEO amid ousting threat
๐ Electoral bonds case: SBI submits compliance affidavit in Supreme Court
๐ First chip from Dholera plant will be out in December 2026, says Vaishnaw
๐ Indian beer startups growing, launching new products after surge in funding
๐ Phonepe's Indus Appstore gains traction amid Google-developer spat
๐ Perfios secures $80 million funding, set to become 2nd unicorn of 2024
๐ Adidas posts first loss in 30 years, warns North America sales may decline
๐ Sebi board may ease IPO norms, approve same-day settlement framework
๐ SoftBank-backed Meesho to roll out ESOP buyback program worth Rs 200 cr
*Economic Times :*
๐ Indiaโs capex run to continue; resembles 2003-07 period: Morgan Stanley
๐ Shrinking global palm oil supplies bring Indiaโs palm oil imports down; may boost prices, says SEA
๐ Indian markets not in serious bubble territory: Uday Kotak
๐ Found gross negligence by Byju's auditors: ICAI president
๐ India performs better than China on key global integration parameters: DHL report
๐ Network Planning Group evaluates key infrastructure projects including Multi Modal Logistics Park in Maharashtra
๐ Royal Sundaram General Insurance inks pact with Dvara KGFS
๐ IIFL Finance to raise $242 million via rights basis and non-convertible debentures
๐ New scheme announced to push sale of electric two-wheelers & three-wheelers in India
๐ NITI Aayog lays out roadmap for boosting exports from MSMEs
๐ Denmark to boost defence by $5.9 bln over next five years
*Mint :*
๐ NPCI likely to grant Paytm third-party app licence this week: Report
๐ Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
๐ India, Dominican Republic sign JETCO protocol to boost trade relations
๐ Delhi Metro: Union Cabinet approves 2 corridors costing โน8,399 cr
๐ Mahadev app scam: ED freezes shares worth โน1,100 cr bought using fake accounts
๐ Tyre stock investors edgy on price cut, expensive valuations
๐ India's consumer goods sector longs for a rural revival
๐ Tarun Jha quits Havas Worldwide India as CEO
๐ India's retail inflation expected to ease below 5% from November: SBI Research
๐ Leo Puri named Apax Partners adviser and chairman of India arm
๐ IBM announces job cuts in marketing and communications division, says report
๐ AirAsia chief to scout for more fundraising after SPAC listing
*Business Standard :*
๐ NHAI asks Paytm FASTag users to switch to another issuing bank by March 15
๐ Tata's chip plants to serve all sectors, generate 72k jobs: Chandrasekaran
๐ Finmin asks PSU banks for comprehensive review of their gold loan portfolio
๐ Property leasing by luxury brands in India jumped 170% in 2023: Report
๐ Karnataka HC extends interim protection for Byju's CEO amid ousting threat
๐ Electoral bonds case: SBI submits compliance affidavit in Supreme Court
๐ First chip from Dholera plant will be out in December 2026, says Vaishnaw
๐ Indian beer startups growing, launching new products after surge in funding
๐ Phonepe's Indus Appstore gains traction amid Google-developer spat
๐ Perfios secures $80 million funding, set to become 2nd unicorn of 2024
๐ Adidas posts first loss in 30 years, warns North America sales may decline
๐ Sebi board may ease IPO norms, approve same-day settlement framework
๐ SoftBank-backed Meesho to roll out ESOP buyback program worth Rs 200 cr
*Economic Times :*
๐ Indiaโs capex run to continue; resembles 2003-07 period: Morgan Stanley
๐ Shrinking global palm oil supplies bring Indiaโs palm oil imports down; may boost prices, says SEA
๐ Indian markets not in serious bubble territory: Uday Kotak
๐ Found gross negligence by Byju's auditors: ICAI president
๐ India performs better than China on key global integration parameters: DHL report
๐ Network Planning Group evaluates key infrastructure projects including Multi Modal Logistics Park in Maharashtra
๐ Royal Sundaram General Insurance inks pact with Dvara KGFS
๐ IIFL Finance to raise $242 million via rights basis and non-convertible debentures
๐ New scheme announced to push sale of electric two-wheelers & three-wheelers in India
๐ NITI Aayog lays out roadmap for boosting exports from MSMEs
๐ Denmark to boost defence by $5.9 bln over next five years
*Mint :*
๐ NPCI likely to grant Paytm third-party app licence this week: Report
๐ Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
๐ India, Dominican Republic sign JETCO protocol to boost trade relations
๐ Delhi Metro: Union Cabinet approves 2 corridors costing โน8,399 cr
๐ Mahadev app scam: ED freezes shares worth โน1,100 cr bought using fake accounts
๐ Tyre stock investors edgy on price cut, expensive valuations
๐ India's consumer goods sector longs for a rural revival
๐ Tarun Jha quits Havas Worldwide India as CEO
๐ India's retail inflation expected to ease below 5% from November: SBI Research
๐ Leo Puri named Apax Partners adviser and chairman of India arm
๐ IBM announces job cuts in marketing and communications division, says report
๐ AirAsia chief to scout for more fundraising after SPAC listing
๐ฎ๐ณIndia Daybook Stocks in News
T.me/AlliesFin
*Cyient:* Company signs a multi-year services agreement with Airbus for cabin & cargo engineering. (Positive)
*Sanofi:* Company in exclusive distribution agreement with Emcure Pharmaceuticals for Sanofiโs Cardiovascular brands (Positive)
*Zydus Life sciences:* Company introduces IBYRA for cancer patients in India (Positive)
*Dynamatic Technologies:* Company inks pact with Deutsche Aircraft to manufacture rear fuselage for regional aircraft D328eco (Positive)
*PC Jewel:* SBI accepts PC Jewellerโs one time settlement (OTS) proposal to settle the outstanding dues. (Positive)
*Power Mech Projects:* Company incorporates new wholly-owned subsidiary PMTS to design & develop technologies required for construction companies. (Positive)
*Dronacharya:* Company awarded service order from Adani to provide DGCA certified drone pilot training (Positive)
*Indian Hume Pipe:* Company gets order worth Rs 230 crore from Telangana Government for water supply & sewerage projects (Positive)
*RVNL/Salasar:* RVNL and Salasar JV has received LoA, The total cost of project is Rs 173.0 crore (Positive)
*ITC:* In a block deal Govt of Singapore bought 9.15 cr shares; ICICI Prudential Mutual Fund bought 59 lakh shares (Positive)
*Azad Engineering:* Company signed a $35 million with the steam power business of GE Vernova for the supply of high-complex rotating airfoils. (Positive)
*KEC International:* Company has secured new orders of Rs 2,257 crore across its various businesses including transmission & distribution projects in India (Positive)
*Shriram Properties:* Company has launched a new residential project under the โCodename Ultimate,โ with a project revenue potential of โน350 crore. (Positive)
*Som Dist:* Board Meeting to be held on 02 Apr 2024 to consider Stock split. (Positive)
*Dr Reddy:* Company has received an order from GST Authority towards tax demand of Rs 3.06 crore. (Neutral)
*Reliance Ind:* Company to acquire 13.01% stake of Paramount entities in Viacom18 for โน4,286 cr. (Neutral)
*IIFL Finance:* Company approves raising up to Rs 1,500 crore via issue of shares. (Neutral)
*Cholamandalam Investment:* Company purchases land worth Rs 735 crore from DLF IT Offices Chennai admeasuring 4.67 acres. (Neutral)
*BPCL:* Company to establish CBG plants in Raipur Bhilai with an investment of Rs 100 cr each (Neutral)
*Tata Motors:* Company signs MoU with Tamil Nadu Government to set-up vehicle manufacturing facility. (Neutral)
*Balkrishna Industries:* IT department conducting search at office premises, manufacturing units of company since March 11. (Neutral)
*Adani Ent:* AdaniConneXโs Hyderabad site gets five-star grading from British Safety Council. (Neutral)
*Vedanta:* Company to appeal SEBI order directing company to pay Rs 77.6 crore to Cairn U.K. before the appropriate forum (Neutral)
*L&TFH:* Company will continue to offer range of financial products & services under brand name 'L&T Finance'. (Neutral)
*HAL:* Defense Ministry approves acquisition of 34 New Dhruv Helicopters For Army, Indian Coast Guard worth Rs 8073 crore. (Neutral)
*Federal Bank:* Company stops issuance of new co-branded credit cards.
*South Indian Bank:* Bank is advised not to on-board fresh customers in co-branded credit cards until the bank fully complies with regulatory guidelines.
T.me/AlliesFin
*Cyient:* Company signs a multi-year services agreement with Airbus for cabin & cargo engineering. (Positive)
*Sanofi:* Company in exclusive distribution agreement with Emcure Pharmaceuticals for Sanofiโs Cardiovascular brands (Positive)
*Zydus Life sciences:* Company introduces IBYRA for cancer patients in India (Positive)
*Dynamatic Technologies:* Company inks pact with Deutsche Aircraft to manufacture rear fuselage for regional aircraft D328eco (Positive)
*PC Jewel:* SBI accepts PC Jewellerโs one time settlement (OTS) proposal to settle the outstanding dues. (Positive)
*Power Mech Projects:* Company incorporates new wholly-owned subsidiary PMTS to design & develop technologies required for construction companies. (Positive)
*Dronacharya:* Company awarded service order from Adani to provide DGCA certified drone pilot training (Positive)
*Indian Hume Pipe:* Company gets order worth Rs 230 crore from Telangana Government for water supply & sewerage projects (Positive)
*RVNL/Salasar:* RVNL and Salasar JV has received LoA, The total cost of project is Rs 173.0 crore (Positive)
*ITC:* In a block deal Govt of Singapore bought 9.15 cr shares; ICICI Prudential Mutual Fund bought 59 lakh shares (Positive)
*Azad Engineering:* Company signed a $35 million with the steam power business of GE Vernova for the supply of high-complex rotating airfoils. (Positive)
*KEC International:* Company has secured new orders of Rs 2,257 crore across its various businesses including transmission & distribution projects in India (Positive)
*Shriram Properties:* Company has launched a new residential project under the โCodename Ultimate,โ with a project revenue potential of โน350 crore. (Positive)
*Som Dist:* Board Meeting to be held on 02 Apr 2024 to consider Stock split. (Positive)
*Dr Reddy:* Company has received an order from GST Authority towards tax demand of Rs 3.06 crore. (Neutral)
*Reliance Ind:* Company to acquire 13.01% stake of Paramount entities in Viacom18 for โน4,286 cr. (Neutral)
*IIFL Finance:* Company approves raising up to Rs 1,500 crore via issue of shares. (Neutral)
*Cholamandalam Investment:* Company purchases land worth Rs 735 crore from DLF IT Offices Chennai admeasuring 4.67 acres. (Neutral)
*BPCL:* Company to establish CBG plants in Raipur Bhilai with an investment of Rs 100 cr each (Neutral)
*Tata Motors:* Company signs MoU with Tamil Nadu Government to set-up vehicle manufacturing facility. (Neutral)
*Balkrishna Industries:* IT department conducting search at office premises, manufacturing units of company since March 11. (Neutral)
*Adani Ent:* AdaniConneXโs Hyderabad site gets five-star grading from British Safety Council. (Neutral)
*Vedanta:* Company to appeal SEBI order directing company to pay Rs 77.6 crore to Cairn U.K. before the appropriate forum (Neutral)
*L&TFH:* Company will continue to offer range of financial products & services under brand name 'L&T Finance'. (Neutral)
*HAL:* Defense Ministry approves acquisition of 34 New Dhruv Helicopters For Army, Indian Coast Guard worth Rs 8073 crore. (Neutral)
*Federal Bank:* Company stops issuance of new co-branded credit cards.
*South Indian Bank:* Bank is advised not to on-board fresh customers in co-branded credit cards until the bank fully complies with regulatory guidelines.
๐ฎ๐ณAlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin pinned ยซTo be accumulated gradually over the next 10 days TOp PICKs (LaRGE / MiD / SMaLL CAPs) 2024-2025: 5 Large Caps, 10 mid and small caps, Total 15 Stocks... LIST IS OUT, GRAB YOUR COPY, Write us https://wa.me/+919869958999 LIKE SHARE REPOST...ยป