🇮🇳 India Daybook – Stocks in News


Lumax Auto: Lumax Resources acquires 60% stake in Greenfuel Energy Solutions for ₹153 crore (Positive)

Renaissance Global: CRISIL Ratings upgrades ‘long-term’ credit rating of company from 'BBB+' to 'A-’, outlook stable (Positive)

TCS: Company secures an extension for processing pensions of 30 lakh defense personnel. (Positive)

Zaggle Prepaid: Company signs referral partnership agreement with Mastercard. (Positive)

Sarveshwar Foods: Company’s subsidiary secures 12,000 MT order for rice, eyes Rs 2000 million annual revenue (Positive)

A B Infrabuild: Company secures new project for rebuilding of FOBs and skywalk between Goregaon to Borivali stations (Positive)

Agarwal Industrial Corp: Company secured bitumen supply tenders from Bharat petroleum Rs 55 cr and Indian oil Rs 2.5 cr, totaling 18,000 MTS worth Rs 76.5 cr. (Positive)

RVNL: Company emerged as L1 bidder for contract worth Rs 625 cr (Positive)

Infosys: Company to distribute up to 85% variable pay bonus for Q2 FY25, Moneycontrol (Positive)

Wipro: Company extends its work with Marelli for continued evolution of it infrastructure for another four years (Positive)

Vedanta: Company to invest $2 billion in Saudi copper-processing facilities (Positive)

Dr. Reddy's Laboratories: Company and Senores Pharmaceuticals, Inc. Announce the Launch of Ivermectin Tablets USP, 3 mg in US Market (Positive)

Kotak Bank: CCI India approves Kotak Mahindra Bank’s proposal to buy Standard Chartered Bank India's unsecured personal loan book (Positive)

Siemens: * Net Profit At ₹830.7 Cr Vs Poll Of ₹717 Cr, Revenue At ₹6,461 Cr Vs Poll Of ₹6,526.1 Cr (Positive)

UltraTech Cement: Board approves raising funds up to ₹1,000 cr via NCDs. (Neutral)

Adani Ent: April Moon Retail, a JV of Adani Airport Holdings acquires 74% stake of Cococart Ventures (Neutral)

Axis Bank: Axis AMC & Axis Mutual Fund Trustee settles SEBI proceedings over TER violations with ₹16.57 lakh, without admitting guilt. (Neutral)

Patanjali: LIC raises stake in Patanjali Foods from 4.986% to 5.020%. (Neutral)

GE Vernova: Grid Equipments, one of the promoters of the company, will exercise green shoe option of the OFS, floor price at ₹1,550/sh. (Neutral)

Ola Electric: Company launches Gig and S1 Z range of scooters in the price range of ₹39,999 – 64,999. (Neutral)

Petronet LNG: Company informs of director changes. Shri Satish Kumar Vaduguri's resignation as Director is effective Nov 29, 2024. (Neutral)

Biocon: Company’s credit rating reaffirmed at CRISIL AA+/Stable; A1+. (Neutral)

NTPC: Company formed a JV with with MAHAGENCO. (Neutral)

Exide Industries: Company invests Rs 100 crores in subsidiary Exide Energy Solutions. (Neutral)

HAL: Company appointed Shri Ravi K as Director Operations. (Neutral)

PSP Projects: Adani Infra will acquire 30% stake in Company, with a further open offer for 26%, leading to equal equity. (Neutral)

Dabur: Company gets revised ₹320.6 crore GST demand; penalty dropped (Neutral)

Sun Pharma: Subsidiary received a regulatory order resulting in fines totaling INR 72.5 Cr (Neutral)

M&M: Company launches BE 6E & XEV 9E electric SUVs (Neutral)

Aster DM: Company has entered into an agreement to acquire the balance stake in Aster Adhaar Hospital (Prerana Hospital Limited) in Kolhapur (Neutral)

Adani Power: Andhra Pradesh likely to suspend Adani Power deal.

Fusion Micro: ICRA downgraded Fusion Finance's credit rating for Non-convertible debentures

Listing of NTPC GREEN ENERGY LIMITED on 27th November, 2024

Symbol: NTPCGREEN

Series: Equity “B Group”

BSE Code: 544289

ISIN: INE0ONG01011

Face Value: Rs 10/-

Issued Price: Rs 108/- per share

Fund Houses Recommendations

@AlliesFin

Bernstein on Zomato: Maintain Outperform on Company, target price at Rs 335/Sh (Positive)

Antique on Siemens: Maintain Buy on Company, target price at Rs 8856/Sh (Positive)

Nuvama on Siemens: Maintain Buy on Company, target price at Rs 8350/Sh (Positive)

Emkay on Gulfoil: Maintain Buy on Company, target price at Rs 1800/Sh (Positive)

MS on Coal India: Initiate Overweight on Company, target price at Rs 525/Sh (Positive)

JPMorgan on Hyundai: Initiate Overweight on Company, target price at Rs 2200/Sh (Positive)

MS on Hyundai: Initiate Overweight on Company, target price at Rs 2418/Sh (Positive)

Nuvama on M&M: Maintain Buy on Company, target price at Rs 3700/Sh (Positive)


Emkay on M&M: Maintain Buy on Company, target price at Rs 2700/Sh (Neutral)

MS on Prestige: Downgrade to Underweight on Company, cut target price at Rs 1510/Sh

For #Womens @AlliesFin
https://whatsapp.com/channel/0029VaPrz8AIXnlv64xTjs1f/394

Govt capex to rise from Rs 69,000 cr per month to Rs 1.16 lakh cr to meet Rs 11.1 lakh cr target: Kotak's Nilesh Shah

https://www.moneycontrol.com/news/business/markets/govt-capex-to-rise-from-rs-69000-cr-per-month-to-rs-1-16-lakh-cr-to-meet-rs-11-1-lakh-cr-target-kotaks-nilesh-shah-12874969.html

GIFT Nifty +3 pts (24312) from last trade 24309 ,

Nikkei +30 pts ,
Hangseng -45 pts ,


Dow -138.25 pts ,Nsdq -115.10 pts, S&P
-22.89 pts , Bovespa -2253 pts , Ftse +16 pts , Dax -34 pts , Cac -51 pts , Crude @ $68.82 brl (+0.10), Brent @ $72.83 brl (-0.00) , Gold @ 2637.30 (-2.60), Silver $30.155 (+0.04), Euro @ $1.0549, JPY @ $151.71, INR @ 84.415


Today's Corporate Action
28th Nov Ex Date

AUTOPAL INDUSTRIES LTD.
Resolution Plan -Suspension
BAYER CROPSCIENCE LTD.
Interim Dividend - Rs. - 90.0000
ENBEE TRADE & FINANCE LTD.
Right Issue of Equity Shares
Focus Business Solution Ltd
Interim Dividend - Rs. - 0.1000
GPT Healthcare Ltd
Interim Dividend - Rs. - 1.0000
INDAG RUBBER LTD.
Interim Dividend - Rs. - 0.9000
JAMNA AUTO INDUSTRIES LTD.
Interim Dividend - Rs. - 1.0000
LWS KNITWEAR LTD.
Right Issue of Equity Shares
PANCHSHEEL ORGANICS LTD.
Interim Dividend - Rs. - 0.8000
Procter & Gamble Health Ltd
Final Dividend - Rs. - 60.0000
 


Today's Key Results/Board Meetings
28-Nov-24
    AVANCE
Right Issue of Equity Shares;General
JINDCOT
Quarterly Results
MAHIP
General
MANBA
General
MERCATOR
Audited Results
NOVIS
Quarterly Results;General
IVL
Right Issue of Equity Shares;General
SEPC
General

Stock under F&O ban on NSE
28-Nov-24

None

🇮🇳India Daybook – Stocks in News


Sonata Software: Company wins multi-million dollar modernization deal in Australia (Positive)

Gopal Snacks: Company launched a new product in its wafers category. (Positive)

RCF: Company received approval from the Ministry of Chemicals and Fertilizers to amend its Articles of Association. (Positive)

Ashoka Buildcon: Company bags order worth Rs 192.69 cr from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company (Positive)

Padam Cotton: Company announced a 1:1 bonus share issue (Positive)

Biocon: Biocon Biologics partners with Diabetes Africa & St. Paul's Hospital to improve diabetes care in Ethiopia. (Positive)

PCBL: Andhra Pradesh government approves allotment of 116.62 acres of land in Naidupeta SEZ for the company (Positive)

Vedanta: Moody's upgrades Vedanta Resources' corporate family rating to B2 (Positive)

Waaree Renewable: Company gets order worth ₹1,233.5 crore for ground mount Solar PV project of 2012.47 MWp DC capacity (Positive)

HUDCO: Company signs Memorandum of Understanding with NBCC for development of 10 acres of land parcel in Noida (Positive)

KEC International: Company bags order worth ₹1,704 crore in transmission & distribution business from Power Grid Corp (Positive)

Indo Amines: Company announces NCLT approval for the amalgamation of Pious Engineering Pvt Ltd (Positive)

Tulsyan NEC: Company sold 3.5 acres of land in Bangalore for Rs 21.5 crore to FP Seating Pvt. Ltd. (Positive)

Godrej properties: Company seeks to sell 5.5% equity (1.54 crore shares) of the company via QIP to raise up to ₹4,000 crore, sources to CNBC. (Neutral)

Bank of India: Bank raises Rs 5,000 crore through long-term bonds issue (Neutral)

Max India: Company appointed Ms. Trapti as Company Secretary & Compliance Officer, effective Nov 27, 2024. (Neutral)

JTEKT India: Company received a Show Cause Notice from Haryana tax authorities demanding Rs 44.2 Cr in GST (Neutral)

LIC: Company gets GST demand, interest & penalty order of ₹529.6 crore for FY19-20 (Neutral)

Bajaj Holdings: Company acquired 0.1506% stake in Mphasis Ltd for Rs 66.43 Cr. (Neutral)

Dr. Reddy's: Company received fine notices from German authorities for its subsidiaries' delayed beneficial owner registration. (Neutral)

Samrat Forgings: Company received a show cause notice from GST authorities for Rs 11.44 Cr for FY20-21 (Neutral)

Dhampur Bio: Company acquired 100% of Sonitron Bio Organics Pvt. Ltd. (Neutral)

ZF Commercial Vehicle: ZF Group sold 4.3% stake in its Indian subsidiary, ZF Commercial Vehicle Control Systems India Ltd. (Neutral)

ICICI Bank: Company received revised GST demand orders totaling INR 39.6Cr from Bihar (Rs 25 lakhs and Maharashtra’s 37.8 Cr. (Neutral)

Adani Green energy: Adani Saur Urja incorporates wholly-owned arms AHE2L & AHE3L on November 27. (Neutral)

Jet Airways: NCLT Appoints Satish Kumar Gupta as The Liquidator Of Jet Airways (India) (Neutral)

Axis Bank: Clarifies on SEBI order restraining ACL from taking up any new assignments in capacity of merchant banker, arranger or underwriter. (Neutral)🌹

News Headlines from Business News Agencies:

Business Standard

📝 India to have 777 GW power generation capacity to meet peak demand by 2030
📝 Emami Realty to develop Rs 15,000 cr worth realty projects in 7 years
📝 SBI's total fundraise via bonds touches Rs 50,000 crore so far during FY25
📝 90 infra projects worth Rs 3,417 cr sanctioned for North East over 4 yrs
📝 Auto major Honda finally enters electric scooter market, banking on 'trust'
📝 Vedanta and PwC partner on carbon reduction initiatives in Odisha
📝 Over 90% Indian businesses raised sustainability funds over last yr: Report
📝 NTT DATA announces intent to acquire cloud engg firm Niveus Solutions
📝 Pocket FM's revenue up 6x to Rs 1,052 crore in FY24, losses reduced
📝 Paper industry body flags below-cost imports, demands level playing field
📝 Arunachal govt inks tripartite pact for haemodialysis machines under PMNDP
📝 Gaurs Group to invest Rs 750 cr on new housing project in Greater Noida

Economic Times

📝 India has taken robust measures to regulate fintech industry: Finance ministry official
📝 Total debt on major telcos hits Rs 4.09 lakh crore in FY24; BSNL debt lowest at Rs 23,297 crore
📝 India-Russia trade hits USD 66bn in 2024; target of USD 100bn by 2030 on track: Russian envoy
📝 EV leasing startup Alt Mobility raises $10 million from Eurazeo, others
📝 Fiscal deficit likely to be at 4.75 pc of GDP in FY25; govt capex to be lower by Rs 62k cr: IndRa
📝 Loan book of Axis Bank's IFSC unit at GIFT City doubles to USD 4 bn in 5 years
📝 Abbott launches 14-valent pneumococcal vaccine for children in India
📝 Mahindra to pump Rs 4,500 cr for development of two new electric brands
📝 Akzo Nobel India gets demand of over Rs 46 crore from state tax authorities
📝 60 GW power generation by FY32 an intermediary step, not the final destination: NTPC Green CMD
📝 Gold prices expected to jump to $3150 per troy ounce, 19% over current levels: Goldman Sachs

Mint

📝 Credit card spending soars to ₹2 trillion in October
📝 India's Welspun One raises Mumbai warehouse investment to meet cargo demand
📝 With cost pressures mounting, 91% of Indian firms plan finance budget reductions: EY
📝 OpenAI allows employees to sell $1.5 billion stock to SoftBank: Report
📝 Telcos to ring-in profit gains. Airtel leads the pack in September quarter
📝 Aircastle withdraws insolvency case against SpiceJet after $5.6 mn settlement
📝 NTPC Green Energy targets 19,000 MW capacity by March 2027
📝 Good Glamm's Saggi said to be starting new innings in consumer electronics
📝 LIC, mutual funds opposed Punit Goenka as Zee MD
📝 Delhi, Mumbai airports get HC notice in Airports Authority revenue sharing plea
📝 Quick commerce gets popular, users spending more on such platforms: Meta study

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 28-11-2024 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +56248* 😃😃

*INDEX FUT. : -1968*

*INDEX OPT. : +66850*

*STOCK FUT. : -4385*

*STOCK OPT. : -4249*


*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 28-11-2024 :*

*FIIS : SELL -11,756 (10,796-22,552)* 😭

*DIIS : BUY +8,718 (17,685-8,967)* 😃

*BSE SENSEX : -1190 (79,044)🔽*

*NSE NIFTY : -361 (23,914)🔽*

*BSE MIDCAP. : -28 (45,929)*🔼

*BSE SMLCAP. : +221 (54,782)*🔼

*B. CRUDE : $ 72.74 🔼☺️*

*GOLD:$ 2,646=INR 78,000 (10gr)*↔️😳

*SILVER : RS. 87,500 (kg)*↔️😳

*FOREX : RS. $ 84.49 🔽 ☺️*

*6.79% NEW '34: 6.8039%(99.89)🔽🙂*

*7.10% GOI '34: 6.8333% (101.81)🔽🙂*

*7.23% GOI '39: 6.9020% (102.95)🔽🙂*

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Investment commitments in data centres may cross $100 bn by 2027: Report
📝 Oil prices rise as China's policy easing stirs demand optimism
📝 India's atomic power capacity to be tripled by 2032: Jitendra Singh
📝 Centre steps up on gas to increase 70+ enrolment in Ayushman Bharat
📝 Expect same high growth momentum to continue in 2025, says Toyota
📝 Emami fined Rs 15 lakh in decade-old Fair & Handsome misleading ads case
📝 Industry needs to stay competitive instead of seeking tariff cut: Secy
📝 B2B robotics startup Haber raises $44 mn in funding from Creaegis, BEENEXT
📝 Maritime sector key to India's vision of 3rd largest economy: VP Dhankhar
📝 Maruti to add 2,760 service outlets by FY31: CEO Hisashi Takeuchi
📝 Govt further tightens stock limit on wheat to check hoarding, price hike
📝 EVs, ancillary industries may see Rs 3.4 trn investment by 2030: Colliers

*Economic Times*

📝 Swiggy rolls out invite-only membership programme One BLCK
📝 Logistic cost in India to come down to 9 pc in 2 years: Nitin Gadkari
📝 Reliance Strategic Business Ventures’ Rs 202 cr plan for Karkinos Healthcare approved by NCLT
📝 Cipla gets CDSCO nod to launch inhalation insulin
📝 India must work to enhance its digital sector to become an economic powerhouse, says PM Modi
📝 Healthcare sector sees surge in hiring intent led by Delhi, Chennai: TeamLease EdTech
📝 Crypto regulation, broad based PLI, AI focus key: PHDCCI president
📝 IATA chief optimistic about India providing more bilateral flying rights
📝 Travel Food Services files draft papers with Sebi for Rs 2,000-cr IPO
📝 Salesforce India CEO Arundhati Bhattacharya to lead ASEAN
📝 MLMM partners with Vidyut to launch battery-as-a-service financing for EVs

*Mint*

📝 TIVOLT Electric Vehicles inks pact with Tata Power Renewable Energy to build charging ecosystem
📝 RBI to ensure policy stability, remain agile to meet challenges: Sanjay Malhotra
📝 China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
📝 ADB downgrades India's growth forecast for FY25 and FY26
📝 Datamaran Announces Deal With Deloitte to Use ESG Software
📝 Oman Will Seek Talks With BP, Shell to Secure Latest LNG Project
📝 Coca-Cola sells 40% stake in bottling arm HCCBL to Jubilant Bhartia Group
📝 Pipeline expansion, tariff revision could be game-changers for Gail
📝 India's 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank's Prasanna says
📝 BEML bags ₹136-cr Defence Ministry contract for high mobility vehicles
📝 Indian hospitality sector eyes Rs80 billion boost as four new players gear up for market debut: Jefferies

𝙊𝙣𝙚 𝙉𝙖𝙩𝙞𝙤𝙣 𝙊𝙣𝙚 𝙀𝙡𝙚𝙘𝙩𝙞𝙤𝙣 𝘽𝙞𝙡𝙡 🚨

AYES 269
NOES 198

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Greetings from
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Announcing new
WhatsApp Number +91 99 20 99 199 6

Kindly save New number +91 992099 1996 for WhatsApp communications only.

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News Headlines from Business News Agencies :

Business Standard :

📝 Govt to give 80% subsidy for EV fast chargers under PM E-Drive scheme

📝 Auto component companies focus on new markets, products as growth slows

📝 NHAI prepays Rs 56,000 cr to lenders in FY25 to save Rs 1,200 cr interest

📝 River targets retail expansion in India with 25 new stores by March 2025

📝 Caliber Mining files draft IPO papers with Sebi, aims to raise Rs 600 crore

📝 FMCG makers expect inflation to hit volume growth, operating profit in Q3

📝 OfBusiness plans to invest Rs 3000 cr in next 3 yrs to ramp up steel biz

📝 Auto majors end 2024 with positive sales growth driven by new launches

📝 Automotive leasing in India to account for 8% of sales in 5-8 yrs: ORIX

📝 Sebi disposes of showcause notice to Karvy Capital in AIF violation case

📝 MSME Pharma units get breather as govt extends Schedule M deadline


Economic Times :

📝 Anarock to double office leasing team to 100 professionals this yr amid rising demand for workspaces

📝 Govt to launch another round of PLI scheme for steel sector on Monday

📝 Nayara Energy to expand retail network by adding a fuel station per day

📝 Govt to frame guidelines on seizure of digital, paper records amid privacy concerns

📝 Tighter anti-spam norms in a mth; TRAI pilot soon to onboard past user consents onto digital system

📝 NTPC Renewable Energy bags 1,000-MW solar power project

📝 Punjab & Sind Bank to roll out instant loan scheme for MSMEs based on GST return

📝 India International Jewellery Show Signature will generate Rs 30,000-35,000 cr business this year: GJEPC chairman

📝 Competition Commission of India dismisses complaint against Coal India in e-auction scheme

📝 Yusen Logistics arm picks up 150,000 sq ft warehouse in Palava near Mumbai

📝 Jio Star files broadcast tariff at higher rates


Mint :

📝 Zepto to file IPO draft papers by April as it transitions to marketplace model

📝 New office space supply falls 6 pc to 451.5 lakh sq ft across top 8 cities in 2024: C&W report

📝 Foxconn revenues hits $64.72 billion; beats estimate over high AI server demand

📝 Govt should lower GST on cement at 18 pc, frame policy to boost demand: JK Lakshmi

📝 FPIs withdraw ₹4,285 crore in 3 trading sessions amid high valuations

📝 Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore

📝 Tata Motors overtakes Maruti Suzuki to top India’s car sales in 2024

📝 Uttarakhand govt buys over 3,100 metric tonnes mandua at MSP of ₹4,200/quintal so far in FY25

📝 Startups no longer need yearly allocation, not many lost unicorn status: Goyal

📝 Vedanta Q3 Zinc India production drops 2% YoY; aluminium production rises 3%

📝 Kirloskar Oil Engines file appeal before SAT challenging SEBI order