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January 09, 2024
- *India Daybook – Stocks in News*
- *BEML:* Company bagged orders from Ministry of Defence for supply of Mechanical Minefield Marking Equipment Mark-II valued at Rs. 329.87 crores. (Positive)
- *GMDC:* Company's Surkha mine gets Environmental Clearance for capacity expansion. (Positive)
- *Bajaj Auto:* Company announced Buyback upto 40 lakh equity shares (1.41% of Capital) at Rs 10000/Sh through tender offer (Positive)
- *Bajaj Finserve:* Bajaj Allianz General insurance gross direct premium underwritten at Rs 1,425.10 crore in December (Positive)
- *IRB Infra:* Trust Dec toll collection at ₹488 cr vs ₹388 cr YoY: Agencies (Positive)
- *Brigade:* Company signs MoUs worth over Rs 3,400 crore with TamilNadu Government for multiple construction projects: (Positive)
- *Caplin Point:* Company signs accord with Tamil Nadu govt to invest ₹700 cr: Agencies (Positive)
- *Cipla:* Company to from JV in US with Kemwell Biopharma, Manipal Education for cell therapy products: Agencies (Positive)
- *Bharat Forge:* Baba Kalyani says company revenue will hit ₹20,000 Cr in 2 yrs: CNBC. (Positive)
- *Auro Pharma:* Unit has received Establishment Inspection Report classifying the facility as "Voluntary Action Indicated" (Positive)
- *IRM Energy:* Company signs MoU with TamilNadu Govt to invest Rs 858 cr in the state in next 5 years. (Positive)
- *Metropolis Healthcare:* Core business revenue grew by ~12% YoY. (Positive)
- *Oil India:* Signs JV agreement with APGCL to Work Together in Renewable / Green Energy Business (Positive)
- *SPIC:* Company Signs MoU with Tamil Nadu Govt. Under Agreement TN Govt Will Provide Infra Support & Regulatory Facilitation To SPIC Group Of Companies. (Positive)
- *Thirumalai Chem:* Phthalic Anhydride plant situated at GIDC Estate, Dahej has resumed operations/production (Positive)
- *Lemon Tree:* The hotel chain signed a new hotel in Meerut, Uttar Pradesh (Positive)
- *Inox Wind:* Receives LoI For 50 MW Wind Project From NLC India. (Positive)
- *Bandhan Bank:* Media sources on Bandhan Bank: There’s no forensic audit by regulator, RBI. (Positive)
- *Tata Motors:* Jaguar Land Rover Q3 wholesales at 1.01 lakh units, up 27% year-on-year. (Positive)
- *Skipper:* Company gets board approval to raise Rs 199 crore via rights issue. (Neutral)
- *Tata Steel:* Company fixes January 19 as record date to allot shares to TCIL shareholders. (Neutral)
- *Adani Enterprises:* Company’s unit MIAL gets award in arbitration against AAI. (Neutral)
- *Eicher Motors:* Royal Enfield signs MoU with Tamil Nadu Government for proposed investment of up to Rs 3,000 crore in multiple projects. (Neutral)
- *Fino Payments Bank:* Company applies for small finance bank license under RBI’s 'on tap' licensing norms: RBI (Neutral)
- *Sanghi Ind:* Ambuja Cements' open offer for acquiring 26% stake in company to open on January 15, close on January 29 (Neutral)
- *Capacite Infra:* Launches QIP, Floor Price At Rs 264.89/Share (Neutral)
- *WHAT HAPPENED OVERNIGHT*
- -> SPX +1.41%, Nasdaq +2.20%
- -> UST 10y yield lost 2 bps to 4.03%
- -> Dollar Index -0.16% to 102.28
- -> Markets focused on Dallas Fed President Logan’s speech over the weekend confirming that balance sheet reduction (QT) will be tapered
- -> In data, NY Fed 1y inflation expectations fell to 3.01% from 3.36%
- -> Oil -3.1% to $76.35/bbl
- #stockmarkets #Nifty #BankNiftyOptions
