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Contact: Daytradertelugu@gmail.com
STOCKS IN ACTION 24 AUGUST
Reliance Industries: Qatar Investment Authority to invest Rs 8,278 crore (0.99% stake) in Reliance Retail Ventures at a pre-money equity value of Rs 8.278 lakh crore via a wholly-owned subsidiary.
NHPC: The company signed an MoU with Andhra Pradesh Power Generation Corporation for renewable energy projects in the state. The MoU allows parties to form a JV to implement techno-commercially viable pumped storage hydropower projects and other renewable energy projects allotted by the state.
Procter & Gamble Health: For the quarter ended June (Q4FY23), the FMCG company reported a revenue of Rs 301.18 crore, up 1.78% year-on-year, while its net profit was down 27.6% at Rs 29.82 crore. The board recommended a dividend of Rs 50 per share for the financial year ended June 30, 2023.
SJS Enterprises: Promoter Evergraph Holdings sold 29.53% of its stake in the open market, reducing its stake to 4.63%.
Borosil: Its subsidary Klass Pack has executed a share purchase agreement to acquire an additional 4.56% in Goel Scientific for Rs 91.12 lakh. This follows KPL's 90.17% acquisition of Goel Scientific, for which the acquisition price has been agreed at Rs 21.5 crore. KPL's stake increases to 94.73%
PNB Housing Finance: ICRA revised the rating outlook on NCDs and Tier II bonds to positive from stable.
Redtape: Promoter Yasmin Mirza has acquired by way of gift 15.96% from Shahid Ahmad Mirza, 16.03% from Tauseef Ahmad Mirza, and 14.11% from Tasneef Ahmad Mirza. Yasmin's stake increased to 50.27% from 4.18%, while the other three promoters' stakes were reduced to nil.
Vascon Engineers: The company received an order worth Rs 605.65 crore from Bihar Medical Services and Infrastructure Corporation for the construction of Lohia Medical College and Hospital, including a hospital and residential building in Supau
Avantel: The company has received a purchase order worth Rs 13.30 crore from Bharat Electronics for the supply of PA modules
Paramount Communications: The board has approved the acquisition of a 100% stake in Valens Technologies for Rs 1.97 crore. The deal gives PCL a strong position in the telecom business while also adding market and product diversity in terms of the water pipeline business.
Nvidia expects third-quarter sales to nearly triple led by an insatiable AI demand
IndiGo to recommence New Delhi-Hong Kong flights from October 5
HCLTech collaborates with AWS to drive GenAI adoption
Torrent Pharma’s US FDA classifies Torrent Pharma’s Dahej unit as Voluntary Action Indicated (VAI) Vs Official Action Indicated (OAI) earlier
@DAYTRADERTELUGU
Reliance Industries: Qatar Investment Authority to invest Rs 8,278 crore (0.99% stake) in Reliance Retail Ventures at a pre-money equity value of Rs 8.278 lakh crore via a wholly-owned subsidiary.
NHPC: The company signed an MoU with Andhra Pradesh Power Generation Corporation for renewable energy projects in the state. The MoU allows parties to form a JV to implement techno-commercially viable pumped storage hydropower projects and other renewable energy projects allotted by the state.
Procter & Gamble Health: For the quarter ended June (Q4FY23), the FMCG company reported a revenue of Rs 301.18 crore, up 1.78% year-on-year, while its net profit was down 27.6% at Rs 29.82 crore. The board recommended a dividend of Rs 50 per share for the financial year ended June 30, 2023.
SJS Enterprises: Promoter Evergraph Holdings sold 29.53% of its stake in the open market, reducing its stake to 4.63%.
Borosil: Its subsidary Klass Pack has executed a share purchase agreement to acquire an additional 4.56% in Goel Scientific for Rs 91.12 lakh. This follows KPL's 90.17% acquisition of Goel Scientific, for which the acquisition price has been agreed at Rs 21.5 crore. KPL's stake increases to 94.73%
PNB Housing Finance: ICRA revised the rating outlook on NCDs and Tier II bonds to positive from stable.
Redtape: Promoter Yasmin Mirza has acquired by way of gift 15.96% from Shahid Ahmad Mirza, 16.03% from Tauseef Ahmad Mirza, and 14.11% from Tasneef Ahmad Mirza. Yasmin's stake increased to 50.27% from 4.18%, while the other three promoters' stakes were reduced to nil.
Vascon Engineers: The company received an order worth Rs 605.65 crore from Bihar Medical Services and Infrastructure Corporation for the construction of Lohia Medical College and Hospital, including a hospital and residential building in Supau
Avantel: The company has received a purchase order worth Rs 13.30 crore from Bharat Electronics for the supply of PA modules
Paramount Communications: The board has approved the acquisition of a 100% stake in Valens Technologies for Rs 1.97 crore. The deal gives PCL a strong position in the telecom business while also adding market and product diversity in terms of the water pipeline business.
Nvidia expects third-quarter sales to nearly triple led by an insatiable AI demand
IndiGo to recommence New Delhi-Hong Kong flights from October 5
HCLTech collaborates with AWS to drive GenAI adoption
Torrent Pharma’s US FDA classifies Torrent Pharma’s Dahej unit as Voluntary Action Indicated (VAI) Vs Official Action Indicated (OAI) earlier
@DAYTRADERTELUGU
