Market Highlights
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March 05, 2024
- *India Daybook – Stocks in News*
- *Garden Reach:* in pact with Indian Register of Shipping to develop green energy, autonomous vessels. (Positive)
- *Jindal Stainless:* Company begins use of Green Hydrogen in Hisar’s Stainless Steel Plant in partnership with Hygenco (Positive)
- *EaseMyTrip:* Company and PNB collaborate to introduce PNB EMT co-branded credit card (Positive)
- *KIMS to enter into definitive agreements for taking land on 99-year lease. (Positive)
- *Tata Motors:* Company to spin-off business in two listed companies (Positive)
- *Cyient:* Company in pact with Mass Medic for medtech innovation. (Positive)
- *LTI Mindtree:* Company's product division Fosfor announces launch of Fosf or Decision. (Positive)
- *Jio Financial:* Company’s promoters Sikka Ports & Terminals, Jamnagar Utilities & Power to acquire up to 14 crore shares of company. (Positive)
- *NTPC:* Green Energy unit signs JV agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam. (Positive)
- *Tanla Solutions:* Launches messaging-as-a-platform for telecom companies to report Google Rich Business Messaging. (Positive)
- *NBCC:* Company’s unit awarded work order worth 920m rupees (Positive)
- *BEL/BEML/Mishra Dhatu:* Signed MOUs for indigenous development of advanced fueling & control system for engines for heavy duty applications. (Positive)
- *Elgi Rubber:* Company says ops at co's reclaimed rubber manufacturing plant in Tamilnadu fully resumed (Positive)
- *Brigade:* Company launched dioro at Brigade El Dorado (Positive)
- *CL Educate:* Mathew Cyriac bought 10,35,000 Shares at Rs 88/ Share (Positive)
- *Ashiana housing:* Company says that converted 63 units into booking of project "one44". (Positive)
- *Thomas Cook:* Company has acquired a 50% stake in 500 FT Investment L.L.C, UAE, to establish a travel-related business (Positive)
- *AGS Transact:* Company partners with Patanjali Ayurved Limited to launch open-loop Cobranded Rupay Prepaid Cards (Positive)
- *Au Small Bank;* RBI approves merger of Fincare Small Finance Bank with AU Small Finance Bank (Positive)
- *Power Companies:* Peak power demand in country estimated to rise by 7% year-on-year to 260 Gigawatts this summer. (Positive)
- *Infibeam:* Gets RBI's final authorisation to operate as a Payment Aggregator for its payment gateway brand - CCAvenue. (Positive)
- *Park Hotels:* PAT at Rs 27.42 cr versus Rs 18.77 cr; total income at Rs 164 cr versus Rs 143.0 cr. (Positive)
- *Lodha:* Co launches QIP worth Rs 3300 cr, QIP indicative price at Rs 1098 per share. (Neutral)
- *Reliance Ind:* Company says Saab to set up weapon system plant at MET City: Agencies (Neutral)
- *Ritco Logistics:* Company's board approves raising up to Rs 120 crore via QIP (Neutral)
- *Bajaj Auto:* Buyback to open for bid from 06th March to 13th March 2024. (Neutral)
- *ISMT:* Board meet On 7-March to consider interim Dividend. (Neutral)
- *Kirloskar Ferrous:* Board meet On 7-March to consider interim Dividend. (Neutral)
- *IIFL Finance:* RBI directs IIFL Finance to cease and desist from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans with immediate effect (Negative)