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Market Highlights

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

January 13, 2024

  • *India Daybook – Stocks in News*
  • *Bhansali Engineering:* Company gets environmental clearance for expansion of ABS resin up to 200000 TPA (Positive)
  • *Infosys:* Company to acquire Insemi for Rs 280 cr. FY24 revenue growth guidance is at 1.5-2% Vs poll of 1-2% (Positive)
  • *TCS:* Management said that strong deal momentum across markets resulting in a solid order book providing visibility into our long-term growth. (Positive)
  • *Sundram Fasteners:* Company signs MoU with Tamil Nadu Govt for investment of ₹1,411 cr (Positive)
  • *Tata Power:* Company signs accord for renewable energy projects of Rs 70000 crore with Gujarat government (Positive)
  • *Quess Corp:* Company signs MoU with Gujarat Technical University for skill development, employment generation (Positive)
  • *TARC:* Company launches luxury residential project in New Delhi with GDV of Rs 4,000 crore (Positive)
  • *HG Infra:* Company declared L-1 bidder for project worth Rs 716 crore by Central Railway (Positive)
  • *Oil upstream stocks:* Oil jumps as US and UK launch airstrikes on Houthis in Yemen (Positive)
  • *Bajel Projects:* Company has received a LOI worth Rs 487.64 crore for supply of plant and installation services GIS substations project in Uttar Pradesh. (Positive)
  • *Shalby:* Arm Shalby Academy signs MoU with Kaushalya, the Skill University of Gujarat Government. (Positive)
  • *GHCL Textiles:* Company signed a MoU with Tamil Nadu Government to invest Rs 535 crore (Positive)
  • *Bharat Wire Ropes:* Brinker Capital Destinations Trust bought 4.15 lakh shares (Positive)
  • *KPI Green Energy:* Company received an order for 2 MW solar power plant from Sanwariya Processors (Positive)
  • *Tata Metaliks:* The National Company Law Tribunal, Mumbai sanctioned the merger of Tata Metaliks with Tata Steel. (Positive)
  • *IOB:* Bank hikes lending rates on most tenures by 5-10 bps effective January 15, 2023. (Neutral)
  • *Polycab* Company reiterates that as on date, the company has not received any written communication from the IncomeTax Department regarding the outcome of the search (Neutral)
  • *Container Corp:* Exim volumes up 8.25% & domestic volumes down 1.25% YoY (Neutral)
  • *Infosys Q3:* Net Profit at Rs 6106 crore versus poll of Rs 6043 crore, Rupee Revenue at Rs 38821 crore versus poll of Rs 38555 crore (Neutral)
  • *TCS Q3:* Net Profit at Rs 11058 crore versus poll of Rs 11345 crore, Rupee Revenue at Rs 60583 crore versus poll of Rs 59950 crore (Neutral)
  • *UltraTech Cement:* Company to acquire 26% stake in Amplus Ages for Rs 49 cr (Neutral)
  • *Mahindra & Mahindra:* Company's stake in Sustainable Energy Infra Trust diluted to 10.5% from 15.7% earlier. (Neutral)
  • *Strides Pharma:* Company's step-down subsidiary agrees to sell 100% stake in Eris Pharma for €200,000 (Neutral)
  • *NYKAA:* Lexdale International to sell shares via block. Block deal for 2.62 crore shares launched. Total block deal value at Rs 490 crores (Neutral)
  • *Bank Baroda:* RBI waives off penalty worth Rs 5 crore. (Neutral)
  • *Polycab India:* Small Cap World Fund Inc sold 8.51 lakh shares (0.56%) at Rs 3,955.87 apiece (Neutral)
  • *LIC:* Company gets demand orders worth Rs 3,528.75 crore form Income Tax Authorities, Mumbai. (Negative)
  • *UniHealth and Indian Surgeons Forge Alliance to Revolutionize Spine and Orthopedic Services in Nigeria*
  • UniHealth Consultancy Limited is joining forces with eminent spine and orthopedic surgeons from India to transform healthcare services in Nigeria. *The collaboration aims to bring world-class surgical interventions to UMC Zhahir Hospital in Kano, Nigeria, providing advanced medical expertise to the local population.*
  • This initiative underscores UniHealth's global commitment at advancing healthcare solutions across geographies and address diverse community needs. The upcoming Surgical and OPD Camps planned at UMC Zhahir Hospital reflect UniHealth's dedication to delivering high-quality, specialized care in spine and orthopedics, with renowned *experts Dr. Rohan Gala and Dr. Gaurav Kanade* leading the efforts.
  • *UMC Zhahir Hospital, equipped with advanced infrastructure and a dedicated team of healthcare professionals from India and Nigeria, is well-prepared to host the collaborative surgical camps starting January 2024.*
  • The hospital's commitment to excellence aligns seamlessly with UniHealth's mission, and this joint effort is poised to elevate the standards of spine and orthopedic care, making a positive impact on the healthcare landscape in Nigeria.
  • *Avro India Elevates Plastic Recycling Capabilities along with Furniture Manufacturing abilities for Sustainable Manufacturing and Circular Economy*
  • Avro India Limited, one of the leading manufacturers of plastic moulded furniture products and a plastic recycler has recently bolstered its *plastic recycling capabilities by incorporating high-capacity machines.* The move underscores Avro's commitment to scaling its capacity in utilizing post-consumer plastic, processing it in-house for the production of top-notch plastic furniture. *Avro covers the entire value chain, catering to both B2B and B2C sectors.*
  • *In alignment with Hon. Prime Minister Sri Narendra Modi's vision to promote a circular economy*, Avro is strategically positioned to serve consumer goods companies and brand owners by supplying them with premium recycled plastic, the company *aids in fulfilling their Extended Producer Responsibility (E.P.R.) credit requirements*. Avro's rapid forward and backward integration efforts aim to capitalize on the abundant availability of plastic scrap, meeting the surging demand for furniture and other plastic applications while *contributing significantly to sustainable and circular economic practices.*
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