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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

December 26, 2024

  • GLAND PHARMA ; ANSM, France, conducted a GMP inspection of Cenexi’s Fontenay Manufacturing Facility (a material subsidiary of Gland Pharma) from December 9-19, 2024.
  • The inspection concluded on December 24, 2024, with 10 observations.
  • Cenexi is working with ANSM to address these and will provide updates to exchanges as needed.
  • REC ; Rajgarh III Power Transmission Limited has been incorporated as a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which itself is a wholly owned subsidiary of REC Limited.
  • Thus, it is also a subsidiary of REC Limited.
  • IMAGICAAWORLD ENT ; The Company filed a Writ Petition on December 24, 2024, challenging the State of Maharashtra's withholding of a ₹6,72,39,832/- SGST refund for October 2020 to March 2024.
  • This refund, due under the March 4, 2020 Refund Resolution and Entitlement Certificates, includes ₹2,57,82,247/- (15% unpaid for Oct 2020-Sept 2023) and ₹4,14,57,585/- (100% refund for Oct 2023-Mar 2024).
  • DHANUKA-AGRITECH-MANAGEMENT MEET-NUVAMA
  • Infer that the acquisition of two Bayer AG products aids the company’s push into new geographies.
  • This aligns with its agrochemical manufacturing expansion at Dahej.
  • While the INR2.24bn revenue potential over twothree years is modest, it helps Dhanuka to enter foreign markets where it lacks a presence.
  • Product margins are likely to match the company’s averages, with a payback period of five years. Management maintains guidance of 16% growth in H2FY25 and a 100bp YoY EBITDA margin improvement.
  • The acquisition does not affect our FY26/27 estimates but supports Dhanuka’s long-term plans; retain ‘BUY’ with an unchanged TP of INR2,136 based on Q2FY27E EPS.
  • GOA CARBON ; Operations at the Company’s Goa Unit located at St. Jose de Areal, Salcete, Goa has been temporarily shut down for maintenance work from today (25th December 2024).
  • SNOWMAN LOGISTICS : LARGE TRADE NSE
  • PROMOTER GATEWAY DISTRIPARKS LIMITED BOUGHT 16.55 LKH SHARES ( 0.99 % STAKE ) @ ₹ 75.45/SHARE
  • STOCKS MOVED TO SHORT TERM ASM LIST
  • CHL Ltd
  • Cochin Minerals & Rutiles Ltd
  • Safa Systems & Technologies
  • STOCKS MOVED TO SHORT TERM ASM LIST
  • CHL Ltd
  • Cochin Minerals & Rutiles Ltd
  • Safa Systems & Technologies
  • PERMANENT MAGNET ; Company has acquired an additional parcel of land measuring 127.20 Gunthas.
  • This land is situated in the village of Juchandra, under the jurisdiction of the Vasai-Virar Municipal Corporation, District Palghar.
  • ACE SOFTWARE: CO SIGNS LOI FOR JV WITH UK ENTITY TO PROVIDE HIGH-QUALITY IT SERVICES AND SOLUTIONS TO ENGINEERING INDUSTRIES IN EUROPE
  • RELIANCE POWER: Reliance NU BESS Ltd. secured interim relief from the Delhi High Court on Dec 24, 2024, allowing its affiliates/subsidiaries to participate in three bids.
  • Mobikwik LargeTrade | 10.5 lk shares (1.4% eq) worth ₹66.5 cr change hands at an average of ₹635/sh
  • KEC International faces a skilled labor shortage for its projects, as reported by CNBC-TV18.
  • Civil business order intake has slowed due to a slowdown in public capex.
  • However, T&D order intake has helped offset the slowdown in the civil business.
  • A large number of Kavaach tenders issued by the government will start translating into orders from this month or next.
  • ICICI Prudential AMC advises investors to manage expectations for 2025, as the market will face a slowdown and lower earnings.
  • The firm favors bottom-up opportunities in manufacturing.
  • Within the consumer sector, travel, hospitality, and organized retail are preferred.
  • Insurance, asset management, and broking companies are expected to perform well.
  • Revenue guidance for FY25 & FY26 will be 15%. may not meet FY25 EBITDA margin guidance of 7.5%, but hopeful of reaching there
  • Civil business order intake slowed down due to slowdown in public capex
  • Vimal Kejriwal, KEC International to CNBC-TV18
  • GODFREY PHILIPS ; Board approved the appointment of Mr. Siddharth Chawla as Chief Operating Officer (“COO”) and Senior Management Personnel of the Company
  • Note ; He Started with ITC as a management trainee in 2001, rose to Business Head-North India by 2019. Spent 3 years as Business Head of Non-Essentials at Udaan. Currently, Chief Growth Officer at Pharmarack Technologies, leading growth for India’s largest pharma e-B2B platform.
  • MOTILAL OSWAL Management Says Seen All Round Performance This Year Across Segments - CNBCTV18
  • Expect Strong Client & Asset Addition Momentum To Continue Ahead
  • Our Asset Management & AUM Has Outperformed Market
  • Profit Has Grown At 40% CAGR In Last Few Years, Expect Strong Growth Trajectory To Continue
  • No Plans To Demerge Businesses Due To Synergistic Opportunities
  • HAPPIEST MIND Says Will maintain the target of 30-35% growth in FY25 - ETNOW
  • H2 is looking better than H1
  • See green-shoots in BFSI; expect stability in EdTech and Healthcare
  • Expecting slow turnaround for Retail and CPG
  • In evaluation stage for a couple of inorganic opportunities
  • Continue to target the 20-22% margin band
Panchkarma