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#MorningMarketWithDTT ~ 22 March

🌞Good morning
Today’s Stocks in News
https://t.me/daytradertelugu/108263

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Net long at 33% from 31%
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STOCKS IN ACTION 22 MARCH

Muthoot Finance: The company acquired an additional 4.48% stake in unit Belstar Microfinance for Rs 300 crore. The shareholding now stands at stake to 63.50%.

Life Insurance Corp: The company increased its stake in LTIMindtree from 4.99% to 5.03%.

Wipro: The company incorporated a new entity, 'SDVerse, with General Motors and Magna International.

Bharat Dynamics: The company approved the appointment of G. Gayatri Prasad as chief financial officer and approved the split of each share into two.

Reliance Power: The company has settled its entire obligations with respect to its borrowings from DBS Bank India. As a result, the assets of the 45 MW wind power project are free from encumbrance.

Mazagon Dock: The company accepted the Mumbai Port Authority's 29-year lease for the allotment of land and building on a long-term lease basis of 29 years. The total allotment costs Rs 354 crore.

Sarda Energy: The company's unit received a letter of intent for a licence for an iron ore block in Maharashtra.

Tata Chemicals: The company received an order from the income tax department levying a penalty of Rs 103.6 crore.

Jindal Saw: NCLT-approved scheme of amalgamation among Jindal Quality Tubular, Jindal Tubular (India), Jindal Fittings and Company.

Tata Communications: The board approved an agreement to hive-off a new edged digital services business for Rs 458 crore.

Bank of India: The board will meet on March 27 to consider a proposal for fund raising through the issue of long-term (infra) bonds.

Azad Engineering: The company approved the incorporation of two subsidiaries.

Crompton Greaves Consumer Electricals: The company received notice from the income tax department for a tax demand of Rs 68 crore for AY23.

Prestige Estates: The company's unit acquired 62.5 acres of land for Rs 468 crore in the NCR for an integrated township.

Samhi Hotels: The company invested Rs 5.55 crore in its subsidiaries, Duet India Hotels (Pune), and Rs 1.31 crore in Duet India Hotels (Ahmedabad).

Star Housing Finance: The company entered a co-lending partnership with Tata Capital Housing Finance S to service 5000 home buyers in the EWS/LIG segment in the first phase of engagement.

LLOYDS Metals: The company will raise Rs 5,000 crore without resorting to debt.

Agro Tech Foods: Sachin Gopal resigned from the post of managing director.

Just Dial: The company received Rs 38.36 crore from Karnataka High Court after cancelling land allotment in Bengaluru Urban District.

Dhanuka Agritech: The company signed a memorandum of understanding with the Indian Council of Agricultural Research for scientific and technical cooperation.

Grauer & Weil (India): The company entered into a technology transfer and licence agreement with OTMK GmbH, which shall be valid for 10 years.

Texmaco Rail & Engineering: likely to raise ₹1,500 crore via QIP

Wipro's: step-down subsidiary, Wipro IT Services LLC, signs an agreement with General Motors and Magna International to incorporate a new entity, i.e., SDVerse LLC

Indian Renewable Energy: Development Agency (IREDA) to consider borrowing programme up to ₹24,200 crore for FY25 on March 28,2024

SARDA ENERGY & MINERALS: CO UNIT GETS LETTER OF INTENT FOR COMPOSITE LICENCE BY INDUSTRY, ENERGY, LABOUR, MINING DEPARTMENT FOR SURJAGAD 1 IRON ORE BLOCK IN THE STATE OF MAHARASHTRA FOR IRON ORE FOR AN AREA OF 1526 HECTARE

SYNERGY GREEN INDUSTRIES:
CO SAYS SENVION WIND TECHNOLOGY ENHANCES ORDERS FROM 300M RUPEES IN FY2023-24 TO 620M RUPEES IN FY2024-25
ORDER BOOK TO CROSS 4B RUPEES MARK FOR FY 2024-25

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