STOCKS IN ACTION 1 March
One 97 Communication: The company has likely signed a deal to move its merchant accounts to Yes Bank, NDTV Profit reported exclusively.
Adani Enterprises: The company has divested its entire stake in Vizag Tech Park for Rs 151 crore
to Adani Infrastructure and Developers.
Adani Group Stocks: The group reported a record Ebitda growth of 63.6% year-on-year in Q3
FY24, driven by its core infrastructure business.
Vedanta: The company incorporated Hindmetal Exploration Services by Hindustan Zinc, a subsidiary of the company, to explore, discover, develop and tap mineral resources.
Auto Stocks: Automakers will announce their February sales figures on Friday. Companies such as TVS Motor, Bajaj Auto, Tata Motors, Maruti Suzuki India and Hero MotoCorp will be in focus.
CG Power And Industrial Solutions: The company, in partnership with Renesas Electronics Corp., will make an investment of Rs 7,600 crore to set up a semiconductor unit in Gujarat.
ICICI Bank: The company acquired a further stake in ICICI Lombard worth Rs 431 crore. ICICl Lombard is now a subsidiary of the bank.
Suven Pharmaceuticals: The company will merge with Cohance Lifesciences. The shareholders of Cohance will receive 11 shares of the merged company for 295 shares of Cohance.
Biocon: The company arm signed a licence pact with Janssen Biotech and Johnson & Johnson to commercialise Bmab 1200 in the U.S. The USFDA conducted an inspection at the company's unit between Feb. 20 and 28 and has Form 483s with four observations.
Star Cement: The company received a Letter of Intimation from Coal India on being successful bidders for the procurement of 3.12 lakh metric tonnes of coal per annum for a period of 10 years from the date of entering into fuel supply reements. This is in addition to the existing FSA for subsidiaries.
Andhra Cements: Promoter Sagar Cements has sold a 5% stake in the company via an offer for sale.
Dilip Buildcon: The company's unit received an order worth Rs 1,955 crore from the National Highways Authority of India for the construction of the Four-Lane Urga-Patalgaon section in the State of Chhattisgarh.
Chalet Hotels: The company approved the acquisition of partners' shares in Ayushi and Poonam Estates LLP for Rs 315 crore.
Cantabil Retail India: The company has opened 13 new showrooms in India during the month of February. The total number of showrooms now stands at 529.
Hester Biosciences: Sanjay Dalal, the chief operating officer, has stepped down from his current role.
Avantel: The company has received a purchase order worth Rs 5.48 crore from Garden Reach
Shipbuilders.
Landmark Cars: The company received a letter of intent from MG Motor India for opening a dealership in Ujjain, Madhya Pradesh.
Aurobindo Pharma: The U.S. FDA completed an inspection at the company's unit between Feb. 19
and 29 with seven observations.
Delta Corp: The company incorporated Delta Penland, a new wholly owned subsidiary, which is proposed to be a joint venture company with Peninsula Land for real estate development.
Pidilite Industries: The company appointed Sudhanshu Vats as managing director designate and appointed Kavinder Singh as executive director and joint managing director designate.
Godrej Industries: The company has made further investments in Godrej Capital. It now holds an 89.48% stake in the company.
Rallis India: The company appointed Gyanendra Shukla as MD and CEO for 5 years, with effect from April 1.
MPS: The company's unit, MPS North America, acquired AJE to scale Al capabilities and enter the B2C market.
MOIL: The company has increased the prices for ore with manganese content below Mn 44% by 5%.
Larsen & Toubro: The company commissioned the first indigenously built hydrogen electrolyser at Hazira.
@daytradertelugu
One 97 Communication: The company has likely signed a deal to move its merchant accounts to Yes Bank, NDTV Profit reported exclusively.
Adani Enterprises: The company has divested its entire stake in Vizag Tech Park for Rs 151 crore
to Adani Infrastructure and Developers.
Adani Group Stocks: The group reported a record Ebitda growth of 63.6% year-on-year in Q3
FY24, driven by its core infrastructure business.
Vedanta: The company incorporated Hindmetal Exploration Services by Hindustan Zinc, a subsidiary of the company, to explore, discover, develop and tap mineral resources.
Auto Stocks: Automakers will announce their February sales figures on Friday. Companies such as TVS Motor, Bajaj Auto, Tata Motors, Maruti Suzuki India and Hero MotoCorp will be in focus.
CG Power And Industrial Solutions: The company, in partnership with Renesas Electronics Corp., will make an investment of Rs 7,600 crore to set up a semiconductor unit in Gujarat.
ICICI Bank: The company acquired a further stake in ICICI Lombard worth Rs 431 crore. ICICl Lombard is now a subsidiary of the bank.
Suven Pharmaceuticals: The company will merge with Cohance Lifesciences. The shareholders of Cohance will receive 11 shares of the merged company for 295 shares of Cohance.
Biocon: The company arm signed a licence pact with Janssen Biotech and Johnson & Johnson to commercialise Bmab 1200 in the U.S. The USFDA conducted an inspection at the company's unit between Feb. 20 and 28 and has Form 483s with four observations.
Star Cement: The company received a Letter of Intimation from Coal India on being successful bidders for the procurement of 3.12 lakh metric tonnes of coal per annum for a period of 10 years from the date of entering into fuel supply reements. This is in addition to the existing FSA for subsidiaries.
Andhra Cements: Promoter Sagar Cements has sold a 5% stake in the company via an offer for sale.
Dilip Buildcon: The company's unit received an order worth Rs 1,955 crore from the National Highways Authority of India for the construction of the Four-Lane Urga-Patalgaon section in the State of Chhattisgarh.
Chalet Hotels: The company approved the acquisition of partners' shares in Ayushi and Poonam Estates LLP for Rs 315 crore.
Cantabil Retail India: The company has opened 13 new showrooms in India during the month of February. The total number of showrooms now stands at 529.
Hester Biosciences: Sanjay Dalal, the chief operating officer, has stepped down from his current role.
Avantel: The company has received a purchase order worth Rs 5.48 crore from Garden Reach
Shipbuilders.
Landmark Cars: The company received a letter of intent from MG Motor India for opening a dealership in Ujjain, Madhya Pradesh.
Aurobindo Pharma: The U.S. FDA completed an inspection at the company's unit between Feb. 19
and 29 with seven observations.
Delta Corp: The company incorporated Delta Penland, a new wholly owned subsidiary, which is proposed to be a joint venture company with Peninsula Land for real estate development.
Pidilite Industries: The company appointed Sudhanshu Vats as managing director designate and appointed Kavinder Singh as executive director and joint managing director designate.
Godrej Industries: The company has made further investments in Godrej Capital. It now holds an 89.48% stake in the company.
Rallis India: The company appointed Gyanendra Shukla as MD and CEO for 5 years, with effect from April 1.
MPS: The company's unit, MPS North America, acquired AJE to scale Al capabilities and enter the B2C market.
MOIL: The company has increased the prices for ore with manganese content below Mn 44% by 5%.
Larsen & Toubro: The company commissioned the first indigenously built hydrogen electrolyser at Hazira.
@daytradertelugu
