STOCKS IN ACTION 21 MAY

IFGL Refractories: Company re-appointed James Leacock McIntosh as managing director for three years from Sept. 1

Patel Engineering: Acquired 10% stake in Shail Tunnelling & Infra for Rs 51,000.

Marine Electricals: Received order worth Rs 29 crore from McGeoch Technology for supply of switchboards.

Lupin: US FDA concluded pre-approval inspection at New Jersey manufacturing facility. The FDA closed inspection at New Jersey facility with issuance of Form-483 and six observations.

Jupiter Wagons: Board approved issuance of convertible warrants worth up to Rs 135 crore.

Solara Active Pharma: US FDA inspection at Vishakhapatnam facility closed with zero observations.

RVNL: Received order worth Rs 148 crore from South Eastern Railway for electric traction system

Oil India: Board recommended issue of bonus shares in the ratio of 1:2. Board set July 2, 2024 as record date for bonus share issue.

IRFC: Board approved 2024-25 borrowing of up to Rs 50,000 crore via bonds from domestic and international markets.

Dish TV: Board approved convening EGM of shareholders at 11:30 a.m. on June 14.

Godrej Properties: Acquired 10 land parcels in fiscal 2024 to build projects worth Rs 21,000 crore
PTI reported.

Kalpataru Projects: Signed three Aramco contracts worth approximately Rs 7,550 crore for three packages of third expansion phase of Master Gas System Network in Saudi Arabia.

Biocon Biologics: Received US FDA approval for Yesafili Bla.

Bharti Airtel: Step-down arm repays $550 million worth senior notes.

HDFC Bank: To acquire additional 1.81% stake in Sewa Grih Rin for Rs 17 crore.

ESAF Small Finance Bank: The board approved the appointment of George Kalapa Ambil John as whole-time director, designated as executive director, for three years.

IDFC Bank: Shareholders approved the merger with IDFC First Bank.

HFCL: The company's Netherlands based arm acquired 100% stake in Poland-based Blue Diwali.

Tata Steel: Company signed pact with National Grid for Port Talbot. National Grid will build new electrical infrastructure.

Telecom shares: Department of Telecommunication said that Jio, Vodafone Idea and Bharti Airtel are the final bidders.

RITES: Company inked pact with Bangladesh Railway for supplying 200 passenger coaches for Rs 915 cr.

BLS International: Company has incorporated subsidiaries in Columbia and Peru.

Deepak Nitrite: Declared dividend of Rs 7.5 per share.

Anand Rathi Wealth: Record date for share buyback is June 3.

Dr Lal Pathlabs' Arvind Lal: If you can have an incentive policy for semiconductors why not healthcare

KRISHNA INSTITUTE OF MEDICAL SCIENCES: CO EXECUTED AGREEMENT TO INVEST UPTO 712.8M RUPEES IN KIMS HOSPITAL BENGALURU || AGREEMENT TO INVEST VIA SUBSCRIBING TO PREFERENCE SHARES IN KIMS HOSPITAL BENGALURU

TRIDENT: CO SAYS COMMISSIONED ADDITIONAL CAPACITY OF 5.9 MWP ROOFTOP SOLAR POWER PROJECT AT BUDHNI, MADHYA PRADESH || TOTAL INSTALLED CAPACITY OF SOLAR POWER PLANT AT BUDHNI FACILITY, MADHYA PRADESH HAS REACHED 40.9 MWP

TATA MOTORS: CO’S SUBSIDIARIES - TPEM, TMPV JOIN HANDS WITH BAJAJ FINANCE || CO’S SUBSIDIARIES JOIN HANDS WITH BAJAJ FINANCE TO OFFER FINANCING PROGRAM FOR PASSENGER, EV DEALERS - STATEMENT

RADICO KHAITAN: CO SAYS MAGIC MOMENTS VODKA SELLS 6.3M CASES IN FY2024 || MAGIC MOMENTS FAMILY ACHIEVES SALES VALUE OF 10B RUPEES

KIRI INDUSTRIES: CO SAYS SINGAPORE INTERNATIONAL COMMERCIAL COURT ORDER EN BLOC SALE OF DYSTAR BE CONDUCTED WITHOUT RESERVE PRICE || SICC ORDER EN BLOC SALE OF DYSTAR SHALL BE COMPLETED WITHIN LONG-STOP DATE DEC. 31, 2025

KIRI INDUSTRIES: CO SAYS COURT DID NOT ALLOWED INTEREST ON BUYOUT PRICE, ADVANCE PAYMENT FROM DYSTAR || KIRI SHALL RECEIVE $603.8M IN PRIORITY FROM PROCEEDS OF SALE; SENDA SHALL RECEIVE BALANCE OF PROCEEDS OF SALE

UNITED BREWERIES: CO LAUNCHED QUEENFISHER PREMIUM LAGER BEER IN ASSAM AND MEGHALAYA

@daytradertelugu