Market Highlights

---

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

---

March 11, 2024

• *India Daybook – Stocks in News*
• *RVNL:* Company gets letter of award for projects worth ₹1,298.2 crore from Himachal Pradesh Electricity Board (Positive)
• *Titagarh Rail:* The Company has bagged the contract from the Railway Board for Manufacture and supply of 4,463 BOSM Wagons for a contract value of Rs. 1909 Cr (Positive)
• *PNC Infratech:* Company executes concession agreement for HAM project worth ₹1,174 cr with MP Road Development Corporation. (Positive)
• *GAIL:* Company signed tripartite MoU with ONGC & Shell Energy to explore opportunities for import of ethane & other hydrocarbons. (Positive)
• *Torrent Power* Gets LoA for supply of 306 MW Solar Power from Maha State electricity distribution company (Positive)
• *India Glycols:* Company adds 270 KLPD capacity to existing bio-fuel ethanol plant at Kashipur, Uttarakhand (Positive)
• *Tata Power:* MERC approves power tariff hike for Tata Power in Mumbai. (Positive)
• *HG Infra:* Company declared L1 Bidder for project worth ₹610 crore by NHAI (Positive)
• *SBI Life:* February Life insurance new premium growth by 32.3 percent YoY (Positive)
• *HDFC Life:* February Life insurance new premium growth by 14.5 percent YoY (Positive)
• *ICICI Pru:* February Life insurance new premium growth by 32.5 percent YoY (Positive)
• *SJVN:* Company receives LoA for 1,352 MW of solar power projects, total invst at ₹7,436 crore. (Positive)
• *Dwarikesh Sugar:* Buyback Approved, Offer price Rs. 105, Record date 20th March 2024. (Positive)
• *JSW Energy:* JSW Neo enters into a technology licensing agreement with SANY Renewable for the manufacturing of 3.X MW WTGs in India for captive usage by the Company (Positive)
• *Stylam Industries:* Care Ratings has improved the outlook of the company. (Positive)
• *United Breweries:* Company launches new brand viz., ‘Kingfisher Ultra Max Draught Beer’ in the ‘Premium Strong Beer’ segment category in Karnataka market. (Positive)
• *KPI Green:* Company gets an order for the development of 305MW solar power projects from Aditya Birla Renewables Subsidiary & ABREL (RJ) Projects. (Positive)
• *Signature Global:* Company will invest Rs 1,000-1200 crore per year to purchase land for the development of housing projects and encash strong consumer demand. (Positive)
• *NBCC/BHEL:* Signs two MoUs with BHEL to redevelop BHEL's facilities, lease offices, residential units. (Positive)
• *Dilip Buildcon:* Company gets order worth Rs 550 crore for tender floated by NHAI on hybrid annuity basis in Tamil Nadu (Positive)
• *Azad Engineering:* Signs a Long-Term Strategic Supply Agreement (SSA) with a subsidiary of Baker Hughes (Positive)
• *Tata Communications:* Company invests in global live production services with facility in Los Angeles. (Positive)
• *Gujarat Gas/BPCL:* Signed accord for liquid fuels, auto lubricants. (Positive)
• *Dredging Corp:* Company in pact with BEML for manufacturing of spares, dredgers (Positive)
• *Zydus Life:* Company has received the EIR report from the USFDA for the inspection conducted at the API Ahmedabad facility (Positive)
• *Beverages stocks:* Government hikes outlay to tea sector, incentives to small growers. (Positive)
• *Rainbow Medicare:* Company has added a ~50-bed additional block to the existing hospital at Hydernagar, Hyderabad (Positive)
• *Imagicaaworld:* To set up an entertainment hub at the Sabarmati Riverfront at Ahmedabad over an area admeasuring approximately 11 acres (Positive)
• *IOC:* Company to manufacture fuel used in Formula1. (Positive)
• *HCL Tech:* Company partners with Service Now to offer Gen-AI-led solutions for driving efficiency, cost-savings in businesses. (Positive)
• *VBL:* Company is expanding its production capacities in the juices and value-added dairy products segments in 2024. (Positive)
• *Gensol Engineering:* Company wins Gujarat Urja Vikas Nigam Limited’s (GUVNL’s) 70 MW (140 MWh) battery energy storage project worth ₹450 crore revenue (Positive)
• *LTIMindtree:* Board appoints Vipul Chandra as new CFO. (Neutral)
• *NLC India:* Govt to exercise oversubscription option for OFS. (Neutral)
• *DB Realty:* Board approved QIP issue and authorized the opening on 7th March (Neutral)
• *LTIMindtree:* Company says filed plea in court against ₹730 cr GST claim. (Neutral)
• *SBI:* Moody's affirmed 'Baa3' long-term currency deposit rating. (Neutral)
• *M&M:* Company says Prudential Management sold 0.75% stake in co (Neutral)
• *LIC Housing:* Board approves borrowing budget for FY 2024-25 (Neutral)
• *Oil India:* Company approves second interim dividend of Rs 8.5/share (Neutral)
• *Auto Stocks:* Karnataka to introduce extra cess on new transport vehicles and lifetime tax on luxury EVs (Neutral)
• *Indigo:* Promoter Rakesh Gangwal is looking to sell up to 5.8% equity to raise nearly Rs 6,600 cr. Floor price is at Rs 2,925/sh: Sources. (Neutral)
• *Sun Pharma:* Company recalls 55,000 bottles of generic drug from US market due to manufacturing norms violation (Neutral)
• *Tata group stocks:* Tata Sons' IPO unlikely soon, company seeking options to comply with RBI norms: Media Sources (Neutral)
• *Zee Entertainment:* Punit Goenka accepts the resignation of Rahul Johri. (Negative)
• *JM Fin:* SEBI bars JM Financial from acting as debt issue lead manager and from taking new mandate in debt public issue. (Negative)
• *Vedanta:* SEBI issues administrative waning to the Vedanta and asks the company to take corrective steps to strengthen internal control for corporate announcement (Negative)
• *IOC/HPCL:* ₹100 LPG cylinder price cut to be borne by OMCs; no fiscal impact on government. (Negative)
• *APL LTD:* US FDA issues Form 483 with four procedural observations for Oncology Formulation Facility (F-2) at Panelav (Negative)