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February 16, 2024
- *India Daybook – Stocks in News*
- *Epack*: Net Profit at Rs 4.9 crore versus loss Rs 8.6 crore , Profit Before Tax at Rs 6.9 crore versus Rs 6.24 crore (YoY) (Positive)
- *Indian Hotels*: Company has expanded its brand portfolio through a ‘strategic alliance’ with Kolkata's Ambuja Neotia Group for Tree of Life Resorts & Hotel (Positive)
- *Cipla:* Company said it has tied up with CSIR to jointly develop a novel ophthalmic formulation for fungal keratitis (Positive)
- *NBCC:* Company expects to meet its revenue target of ₹10,000 crore in FY24 (Positive)
- *KPI Green*: Company said its wholly-owned subsidiary has received a new order for a 1.5-MW solar power project. (Positive)
- *Escorts Kubota:* Company has executed a long-term wage settlement agreement with the Workers' Union for three years. (Positive)
- *Lupin:* Company launched Ganirelix Acetate Injection in US for women undergoing fertility treatment. (Positive)
- *Tata Motors:* Company is exploring spinoff plans for EV business, Bloomberg sources (Positive)
- *Coal India:* Company signs MoU with Haryana Power Purchase Centre for power purchase (Positive)
- *Tejas Networks:* Company has received incentives worth of Rs 27.8 crore under PLI scheme (Positive)
- *Dilip Buildcon:* Company's joint venture with Vijay Kumar Mishra Construction gets order worth Rs 412.9 crore. (Positive)
- *Infosys:* The most recent is a $300 million contract with Singapore-based Pacific International Lines running until 2027, according to industry executives (Positive)
- *Sudarshan Chem:* HDFC Mutual Fund Bought 17.75 Lakh Shares at Rs 514/ Share (Positive)
- *BPCL:* Company commences pilot project to gain experience in handling hydrogen for automobile sector. (Positive)
- *HDFC Bank:* Company said its home loan book reached ₹6.84 lakh crore in the December quarter (Neutral)
- *MedPlus Health:* Company said its subsidiary company has received a suspension order of drug license for its store situated at Khopat (Neutral)
- *Vedanta:* Finsider International divested a 1.8% stake in Vedanta for ₹1,737 crore through an open market transaction. (Neutral)
- *InterGlobe Aviation:* IndiGo with the largest market share, saw a slight dip at 60.2 percent in January 2024, from 61.8 percent (Neutral)
- *Route Mobile:* SEBI approves extending timeline for Proximus' open offer by 12 days. (Neutral)
- *Axis Bank:* Bank denies wrongdoing in Max Life Insurance shares transaction amidst Swamy's allegations. (Neutral)
- *Fineotex:* Board meeting to consider Fund Raising via issue of warrants or debt securities (Neutral)
- *Adani Enterprises:* Company's unit Mumbai Travel Retail completes incorporation of wholly-owned subsidiary OIFZCO. (Neutral)
- *UPL*: Fitch downgrades UPL Corp to BB+ from BBB-ve; outlook negative (Negative)
