Market Highlights
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February 19, 2024
- *Kunvarji: India Daybook – Stocks in News*
- *Tata Power:* Company gets LoI to buy Jalpura Khurja Power Transmission; to develop transmission project with cost of Rs 838 crore (Positive)
- *Crisil*: Net profit of Rs 231.0 cr, up 110.4 percent, Revenue up 34.3% at Rs 628.0 cr (YoY) (Positive)
- *Defense stocks:* DAC clears capital acquisition proposals worth ₹84,560 cr (Positive)
- *NTPC:* Company signs accord to supply about 1200 MW or more power to NALCO Smelter (Positive)
- *NHPC:* Company lays Foundation Stone of 300 MW Grid Connected Solar PV Project in Rajasthan (Positive)
- *PB Fintech:* IRDAI upgrades Policybazaar Ins broker’s license from direct insurance broker (Life & General) to composite insurance broker. (Positive)
- *LIC:* Company gets refund orders for Rs 21,740.8 crore from Income Tax Department. (Positive)
- *Axis Bank/PayTM:* Paytm has shifted its nodal account to Axis Bank. (Positive)
- *Oil and Natural Gas Corporation:* Company has commenced oil extraction from the country’s newest deep-water oil discovery in the Bay of Bengal (Positive)
- *KPI Greens:* Approved allotment of more than 2 cr equity shares of Rs 10 (Positive)
- *Titagarh Rail:* Company gets order worth ₹170 crore for supply of 250 specialised wagons from Defence Ministry (Positive)
- *RVNL:* Company's order book touches Rs 65,000-crore mark; aims to add foreign projects (Positive)
- *ITI:* Signs MoU With JandK Operations For Manufacturing Of BharOS-enabled Digital Devices & Services (Positive)
- *Balrampur Chini:* Company to enter new business of Polylactic Acid manufacturing for bioplastics. (Positive)
- *Adani Enterprises:* Adani Realty has secured the contract to redevelop the 24-acre Bandra Reclamation land parcel, put up by the Maharashtra State Road Transport Corporation. (Positive)
- *Power Stocks:* India's power consumption grows 7.5% in April-January this fiscal. (Positive)
- *Kaynes:* Incorporates Wholly Owned Subsidiary ‘Kaynes Mechatronics’ (Positive)
- *Quess Corp:* Company has approved spinning off the business services provider's diversified verticals into three independent entities to unlock value. (Positive)
- *TVS:* Mitsubishi Corp to acquire about 32% stake in TVS Vechicle Mobility via private placement. (Positive)
- *Clien Science:* Clean Fino-Chem Limited, wholly owned subsidiary of the Company, inaugurated its new manufacturing facility On 17th February/ Saturday – located at Pune (Positive)
- *Oberoi Realty:* Subsidiary Incline Realty sign agreement with Mariott International to develop two new luxury hotels in Thane, Borivali. (Positive)
- *Omaxe:* Company emerges successful bidder for project worth ₹385 crore by Uttar Pradesh State Road Transport Corporation for development of 2 bus terminals (Positive)
- *Data Patterns:* Government of Singapore, Mirae Asset, Kotak Mutual Fund, HDFC Mutual Fund bought shares in bulk deal. (Positive)
- *Lupin:* Company said it has received approval from the US drug regulator for its ANDA for Minzoya tablets (Positive)
- *Hero MotoCorp:* CEO Niranjan Gupta anticipates a double-digit revenue surge in the domestic two-wheeler industry in the upcoming fiscal year (Positive)
- *Chalet Hotels:* Company has set ambitious plans to expand its portfolio of "big-box", or large inventory, hotels, aiming to add approximately 800 rooms to its offerings (Positive)
- *Equitas SFB:* Company becomes official banking partner of Chennai Super Kings. (Positive)
- *Quess Corp:* Board has approved composite scheme of arrangement providing for the demerger of Quess Corp into three independent listed entities. (Positive)
- *Mastek:* Board to consider allotment under preferential Issue for buy out of CCPS of subsidiary (Positive)
- *Birla Precision:* Board to consider fund raising via Issue of Convertible Warrants to Promoters/ Non-Promoters (Positive)
- *GP Petroleums:* Company has entered into a distributorship agreement with NOOR Trading, Bangladesh. (Positive)
- *Schaeffler:* Net profit of Rs 210.0 cr vs Rs 231.0 cr, Revenue at Rs 1875.0 cr vs Rs 1795.0 cr (YoY)