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January 05, 2024
- Major Changes in AMFI's updated Top-100 Largecap & Top-150 Midcap list are:
- From Midcaps to Largecaps:
- PFC, IRFC, Macrotech Devl., Polycab, REC, Shriram Finance, Union Bank, Ind Overseas Bank
- New Entrants to Largecap:
- Jio Financial Services
- From Largecaps to Midcaps:
- Hero Moto, Sam Motherson, Tube Inv., Bosch, IRCTC, Pi Industries, Adani Wilmar, UPL
- New Entrants to Midcap:
- Tata Technologies Ltd.
- *India Daybook – Stocks in News*
- *Jupiter Wagons:* Company gets Rs 473 crore order from Defence Ministry. (Positive)
- *L&T Finance Q3:* Retail disbursements estimated at Rs 14,500 cr, up 25% YoY (Positive)
- *Lupin:* US FDA approves company’s ANDA for Dapagliflozin and Saxagliptin (Positive)
- *SunTV:* Unit KalRadio approves merger of UdayaFM into itself (Positive)
- *Bajaj Auto:* Company announced launch of its new Chetak variants (Positive)
- *Waree Renewable:* Company to consider split of equity shares on January 20, 2024 (Positive)
- *Utkarsh SFB Q3:* Total deposits up 17.6% YoY & 8.2% QoQ at Rs 15,111 cr. (Positive)
- *First Solar:* Company signs power purchase agreement (PPA) with Cleantech Solar to Power India manufacturing facility (Positive)
- *LTI Mindtree:* Company integrates Syncordis & Nielsen+Partner to form banking transformation practice. (Positive)
- *REC:* Company signs MoU with Bank of Baroda to fund power, infrastructure and logistics projects over next three years. (Positive)
- *Realty Stocks:* Housing sales up 33% to 4.11 lakh units, new supply at record 5.17 lakh last year in top 8 cities. (Positive)
- *Sobha:* Total Sales Value Rs 1,951.6 cr Vs Rs 1,424.7 cr (YoY) (Positive)
- *Shree Cement:* Company revamps its corporate brand identity, launched multiple brand offerings with ‘Bangur’ as the master brand (Positive)
- *Power Finance Corp:* Company raises FY24 market borrowing plan to Rs 1.05 lk cr from Rs 80,000 cr (Positive)
- *Torrent Pharma:* Company has officially established a wholly-owned subsidiary (WOS) named Farmacéutica Torrent Colombia SAS in Colombia. (Positive)
- *Grasim:* Company’s board approves rights issue up to Rs 4,000 crore; issue price Rs 1,812/share. Record Date 10th January (Neutral)
- *RBL Bank Q3:* Total Deposits at Rs 92,743 cr vs Rs 81,746 cr YoY, up 13% (Neutral)
- *J&K Bank Q3:* Total Business up 11.80% (YoY) at Rs 2,18,650 cr Vs Rs 1,95,574 cr (Neutral)
- *State Bank of India:* Bank has announced the conclusion of successful placement of $250 million senior unsecured Green floating rate notes (Neutral)
- *Coffee Day Ent:* Total default rises to Rs 434 crore in December quarter. (Negative)
