STOCKS IN ACTION

STOCKS IN ACTION 7 JULY 

Reliance Industries: The National Company Law Tribunal has approved the demerger of Reliance Industries's financial services undertaking into Reliance Strategic Investments, to be renamed Jio Financial Services. Reliance Industries and Reliance Strategic Investments will take the necessary steps, including fixing the record date for allotment and listing of equity shares of Reliance Strategic Inve

Dabur Q1 Update: Dabur’s consolidated business is expected to register growth of over 10%. The healthcare business in India is expected to achieve double-digit growth backed by mid-single-digit volume growth. The home care category is expected to report value growth in the high teens. The oral and hair care categories’ growth is pegged at low double digits. The food and beverage business had

Titan Company Q1 Update (Year-On-Year) Standalone revenue grew by 20%, led by robust demand. Jewellery sales rose 21%, with 18 new stores added in Q1. Watches and Wearables grew 13%, driven by premium brands. The eyecare division saw sales growth of 10%, with seven new stores added. CaratLane grew 32%, driven by healthy contributions from Akshaya Tritiya sales. Titan's total store count stoo

Tata Steel Q1 Update (Year-On-Year): Tata Steel India's crude steel production grew 2% to 5.01 million tonnes. Delivery volumes increased 18% to 4.8 million tonnes. Exports moderated on a year-on-year basis to 0.25 million tonnes.

Sobha Q1 Update (Year-On-Year) The company achieved its highest ever quarterly sale value of Rs 1,465 crore, logging a growth rate of 27.9%. It clocked its highest ever price realisation of Rs 10,506 per square foot on a total saleable area of 13.94 lakh square feet. Clocked total sales volume is 13.0 lakh square feet, with a growth rate of 2.6%. Released inventory of 779,876 square feet in ou

Indian Hotels: The company signed 11 hotels in the first quarter and opened five new hotels across destinations

JK Cement: The company has acquired an additional 20% stake for Rs 60.24 crore in Acro Paints, taking its overall holding to 80%.

Indian Oil and Praj Industries: The companies have signed a term sheet to strengthen biofuel production capacities in India. The joint venture will include the production of sustainable aviation fuel, ethanol, compressed biogas, biodiesel, and Bio-bitumen. In October 2021, the companies inked an agreement to form a JV for this.

Affle (India): The company’s unit in Singapore agreed to acquire the remaining 5% shares of Appnext at a consideration of $1.5 million in tranches within three years.

Aster DM Healthcare: The company has acquired an additional 2.36% stake in unit Malabar Institute of Medical Sciences from several minority shareholders, thus increasing its holding from 76.01% to 78.37%.

CEAT’s Market Capitalisation crosses Rs 10,000 cr for the first time

Nippon India Mutual Fund limits subscription of units in small cap fund

IOC & Praj Industries to form joint venture (JV) for building Biofuels production capacities in India

Aster DM Healthcare: Acquired Additional 2.36% Stake In Malabar Institute Of Medical Sciences || Cost Of Acquisition At 235.9m Rupees

Shyam Metalics And Energy: Says Sponge Iron June Average Realisation Per Tonne Down 10.2% || Says Long Steel June Average Realisation Per Tonne Down 6.5% (YoY)

Gallantt Ispat: Has Invested Around 3b Rupees In Pellet Plant

Universal Cable: to Invest Rs. 40 Crores in Expanding EHV Power Cable Manufacturing Capacity by 50%

Zee Entertainment: NCLT Adjourns Zee-Sony Merger Matter Till July 10

Tata Motors: Says Tata Tiago Surpasses 5 Lakh Unit Sales Milestone In India

Kotyark Industries: and Yamuna Bio Energy Secure Major Biodiesel Contracts Worth Rupees 178 Crores from Top Fuel Companies

STOCKS IN ACTION

STOCKS IN ACTION 7 JULY 

Reliance Industries: The National Company Law Tribunal has approved the demerger of Reliance Industries's financial services undertaking into Reliance Strategic Investments, to be renamed Jio Financial Services. Reliance Industries and Reliance Strategic Investments will take the necessary steps, including fixing the record date for allotment and listing of equity shares of Reliance Strategic Inve

Dabur Q1 Update: Dabur’s consolidated business is expected to register growth of over 10%. The healthcare business in India is expected to achieve double-digit growth backed by mid-single-digit volume growth. The home care category is expected to report value growth in the high teens. The oral and hair care categories’ growth is pegged at low double digits. The food and beverage business had

Titan Company Q1 Update (Year-On-Year) Standalone revenue grew by 20%, led by robust demand. Jewellery sales rose 21%, with 18 new stores added in Q1. Watches and Wearables grew 13%, driven by premium brands. The eyecare division saw sales growth of 10%, with seven new stores added. CaratLane grew 32%, driven by healthy contributions from Akshaya Tritiya sales. Titan's total store count stoo

Tata Steel Q1 Update (Year-On-Year): Tata Steel India's crude steel production grew 2% to 5.01 million tonnes. Delivery volumes increased 18% to 4.8 million tonnes. Exports moderated on a year-on-year basis to 0.25 million tonnes.

Sobha Q1 Update (Year-On-Year) The company achieved its highest ever quarterly sale value of Rs 1,465 crore, logging a growth rate of 27.9%. It clocked its highest ever price realisation of Rs 10,506 per square foot on a total saleable area of 13.94 lakh square feet. Clocked total sales volume is 13.0 lakh square feet, with a growth rate of 2.6%. Released inventory of 779,876 square feet in ou

Indian Hotels: The company signed 11 hotels in the first quarter and opened five new hotels across destinations

JK Cement: The company has acquired an additional 20% stake for Rs 60.24 crore in Acro Paints, taking its overall holding to 80%.

Indian Oil and Praj Industries: The companies have signed a term sheet to strengthen biofuel production capacities in India. The joint venture will include the production of sustainable aviation fuel, ethanol, compressed biogas, biodiesel, and Bio-bitumen. In October 2021, the companies inked an agreement to form a JV for this.

Affle (India): The company’s unit in Singapore agreed to acquire the remaining 5% shares of Appnext at a consideration of $1.5 million in tranches within three years.

Aster DM Healthcare: The company has acquired an additional 2.36% stake in unit Malabar Institute of Medical Sciences from several minority shareholders, thus increasing its holding from 76.01% to 78.37%.

CEAT’s Market Capitalisation crosses Rs 10,000 cr for the first time

Nippon India Mutual Fund limits subscription of units in small cap fund

IOC & Praj Industries to form joint venture (JV) for building Biofuels production capacities in India

Aster DM Healthcare: Acquired Additional 2.36% Stake In Malabar Institute Of Medical Sciences || Cost Of Acquisition At 235.9m Rupees

Shyam Metalics And Energy: Says Sponge Iron June Average Realisation Per Tonne Down 10.2% || Says Long Steel June Average Realisation Per Tonne Down 6.5% (YoY)

Gallantt Ispat: Has Invested Around 3b Rupees In Pellet Plant

Universal Cable: to Invest Rs. 40 Crores in Expanding EHV Power Cable Manufacturing Capacity by 50%

Zee Entertainment: NCLT Adjourns Zee-Sony Merger Matter Till July 10

Tata Motors: Says Tata Tiago Surpasses 5 Lakh Unit Sales Milestone In India

Kotyark Industries: and Yamuna Bio Energy Secure Major Biodiesel Contracts Worth Rupees 178 Crores from Top Fuel Companies

STOCKS IN ACTION 5 JULY

STOCKS IN ACTION 5 JULY 

LTIMindree: The company will replace HDFC Ltd. in Nifty 50 after mega HDFC merger. It will move from Nifty Next 50 to Nifty 50. The replacement will come into effect on July 13. The replacement will also be applicable to Nifty50 Equal Weight index. 

Samvardhana Motherson International: The company, via unit SMRP B.V., will buy 81% stake in Yachiyo's 4W business, housed under Japan's Yachiyo Industry Co. Ltd. The stake is valued at JPY 22.9 billion (Rs 1,301 crore) for 100% stake. Honda Motor will own 19%, making it 81:19 joint venture.  

Jindal Steel & Power: The company will replace HDFC in Nifty 100.  

Mankind Pharma: The company will replace HDFC in Nifty 500, Nifty 200, Nifty Large Midcap 250 and Nifty Total Market

LIC Housing Finance: The company will replace HDFC in Nifty Financial Services.  

Phoenix Mills: The company will replace HDFC in Nifty Housing. 

Brigade Enterprises: The company will replace HDFC in Nifty Core Housing  

Ambuja Cements: The company will replace HDFC in Nifty High Beta 50. 

State Bank of India: The lender has approved to acquired entire stake held by unit SBI Capital Markets in SBICAP Ventures for a cash consideration of Rs 708.07 crore.  

Bandhan Bank: Bandhan Bank Chief Financial Officer Sunil Samdani has resigned, with effect from Sept. 30, and decided to explore professional opportunities outside the bank. The bank is in the process of identifying a suitable candidate for the office of CFO. 

Syngene International, Strides Pharma: Stelis Biopharma, the biologics arm of Strides, has signed a binding term sheet with Syngene International Ltd. to divest its Unit 3 multi-modal facility in Bengaluru for a gross consideration of Rs 702 crore. Syngene further invest up to Rs 100 crore to repurpose and revalidate the facility. The site will have a manufacturing capacity of 20,000 litres of ins

Bharat Heavy Electricals: The company has extended its gas turbines technology agreement with General Electric Technology GmbH Switzerland. Under this extension, BHEL has gained access and enhanced rights for existing, uprated and new gas turbine models.

Aurobindo Pharma: Company’s breast cancer biosimilar product, BP02 Trastuzumab, developed by unit Curateq Biologics has met its primary endpoint in Phase III clinical trials and has shown equivalent efficacy to Herceptin biosimilar. 

Bata India: The company has approved the appointment of Anil Ramesh Somani as chief financial officer for a period of five years from April 25, 2023. 

Manali Petrochemicals: The company has inked two captive power agreements with two separate units of First Energy for procurement of wind power and solar power for a total consideration of Rs 356.4 lakh.

HPCL Rajasthan Refinery Limited executes a loan agreement under a consortium arrangement for Rs 48,625 crore

Som Distilleries to consider raising funds via equity warrants on July 8

RBLBank Q1 Biz Update: Total deposits up 8% at Rs 85,638 cr Vs Rs 84,887 cr (QoQ)

AU Small Fin Bank Q1: Total deposits up 27% at Rs 69,315 cr Vs Rs 54,631 cr (YoY)

Hewlett Packard Enterprise announces its plans to begin manufacturing high-volume servers in India

Lemon Tree signs licence pact For A 48-room Property In Udaipur, Rajasthan

Macrotech Developers Q1 Biz Update: Pre-sales up 17% YoY & down 11% QoQ, at Rs 3,350 cr

Collections down 8% YoY & down 18% QoQ, at Rs 2,400 cr

Net debt down 18.1% at Rs 7,260 cr Vs Rs 8,860 cr (YoY)

SuzlonEnergy to consider fund raising on July 7 by way of one or more or combination of permissible methods

Lupin gets US FDA nod for its ANDA Dolutegravir tabs for oral suspension & to market generic equivalent of Tivicay PD tabs for oral suspension

IOC to consider raising funds via RightsIssue on July 7

STOCKS IN ACTION 5 JULY

STOCKS IN ACTION 5 JULY 

LTIMindree: The company will replace HDFC Ltd. in Nifty 50 after mega HDFC merger. It will move from Nifty Next 50 to Nifty 50. The replacement will come into effect on July 13. The replacement will also be applicable to Nifty50 Equal Weight index. 

Samvardhana Motherson International: The company, via unit SMRP B.V., will buy 81% stake in Yachiyo's 4W business, housed under Japan's Yachiyo Industry Co. Ltd. The stake is valued at JPY 22.9 billion (Rs 1,301 crore) for 100% stake. Honda Motor will own 19%, making it 81:19 joint venture.  

Jindal Steel & Power: The company will replace HDFC in Nifty 100.  

Mankind Pharma: The company will replace HDFC in Nifty 500, Nifty 200, Nifty Large Midcap 250 and Nifty Total Market

LIC Housing Finance: The company will replace HDFC in Nifty Financial Services.  

Phoenix Mills: The company will replace HDFC in Nifty Housing. 

Brigade Enterprises: The company will replace HDFC in Nifty Core Housing  

Ambuja Cements: The company will replace HDFC in Nifty High Beta 50. 

State Bank of India: The lender has approved to acquired entire stake held by unit SBI Capital Markets in SBICAP Ventures for a cash consideration of Rs 708.07 crore.  

Bandhan Bank: Bandhan Bank Chief Financial Officer Sunil Samdani has resigned, with effect from Sept. 30, and decided to explore professional opportunities outside the bank. The bank is in the process of identifying a suitable candidate for the office of CFO. 

Syngene International, Strides Pharma: Stelis Biopharma, the biologics arm of Strides, has signed a binding term sheet with Syngene International Ltd. to divest its Unit 3 multi-modal facility in Bengaluru for a gross consideration of Rs 702 crore. Syngene further invest up to Rs 100 crore to repurpose and revalidate the facility. The site will have a manufacturing capacity of 20,000 litres of ins

Bharat Heavy Electricals: The company has extended its gas turbines technology agreement with General Electric Technology GmbH Switzerland. Under this extension, BHEL has gained access and enhanced rights for existing, uprated and new gas turbine models.

Aurobindo Pharma: Company’s breast cancer biosimilar product, BP02 Trastuzumab, developed by unit Curateq Biologics has met its primary endpoint in Phase III clinical trials and has shown equivalent efficacy to Herceptin biosimilar. 

Bata India: The company has approved the appointment of Anil Ramesh Somani as chief financial officer for a period of five years from April 25, 2023. 

Manali Petrochemicals: The company has inked two captive power agreements with two separate units of First Energy for procurement of wind power and solar power for a total consideration of Rs 356.4 lakh.

HPCL Rajasthan Refinery Limited executes a loan agreement under a consortium arrangement for Rs 48,625 crore

Som Distilleries to consider raising funds via equity warrants on July 8

RBLBank Q1 Biz Update: Total deposits up 8% at Rs 85,638 cr Vs Rs 84,887 cr (QoQ)

AU Small Fin Bank Q1: Total deposits up 27% at Rs 69,315 cr Vs Rs 54,631 cr (YoY)

Hewlett Packard Enterprise announces its plans to begin manufacturing high-volume servers in India

Lemon Tree signs licence pact For A 48-room Property In Udaipur, Rajasthan

Macrotech Developers Q1 Biz Update: Pre-sales up 17% YoY & down 11% QoQ, at Rs 3,350 cr

Collections down 8% YoY & down 18% QoQ, at Rs 2,400 cr

Net debt down 18.1% at Rs 7,260 cr Vs Rs 8,860 cr (YoY)

SuzlonEnergy to consider fund raising on July 7 by way of one or more or combination of permissible methods

Lupin gets US FDA nod for its ANDA Dolutegravir tabs for oral suspension & to market generic equivalent of Tivicay PD tabs for oral suspension

IOC to consider raising funds via RightsIssue on July 7

STOCKS IN ACTION

STOCKS IN ACTION 3 July

Escorts Kubota: June Total Sales 9,850 Units Vs 9167 Units (MoM)

Atul Auto: June Total Sales 1267 Units Vs 1101 Units (MoM)

Tata Motors: June Total Sales 80,383 Units Vs Est 78,070; 74,973 Units (MoM)

PVR Inox: The company opened a 10-screen multiplex in Delhi and a 5-screen multiplex in Ahmedabad. With this launch, the company now operates the largest multiplex network with 1697 screens at 360 properties in 114 cities, including India and Sri Lanka.

TVSMotor expects growth momentum to continue in the current fiscal, with the overall economy anticipated to grow at a robust pace and a continuous improvement in the road infrastructure.

HDFC: HDFC Bank Merger Record Date Set As July 13 

Appointed Date 2, Under The Scheme, For The Amalgamation Of HDFC Limited With And Into HDFC Bank, Will Thus Be Saturday July 1, 2023

Vedanta: Announces Strategic Review Of Steel And Steel Raw Materials Businesses 

Continues To Review Its Strategic Priorities In Normal Course Of Its Capital Allocation Discussions

Mazagon Dock Shipbuilders Ltd: Ministry of Defence signs a contract of Rs 2,725 cr with Mazagon Dock Shipbuilders Ltd for Medium Refit with Life Certification of Submarine INS Shankush

Kansai Nerolac Paints: Approved Sale Of Co's Kavesar Land Including Sale Of Additional Area For 6.71b Rupees

SBI: Charanjit Surinder Singh Attra resigns as Chief Financial Officer of SBI, w.e.f. today, June 30

Aditya Birla Capital announces closure of QIB; raises Rs 1,750 crore

CSB Bank revises base rate to 11.05% p.a. from 10.20% p.a., effective July 1

Keeps lending rates unchanged

Hero MotoCorp hike prices of its motorcycles & scooters by around 1.5%, w.e.f. July 3

Shiva Cement: Says Commissioned 1.36 Mtpa Clinker Unit And 9 Mw Waste Heat Recovery In Odisha 

Already Received CTO From State Pollution Control Board For 0.66 Mtpa Clinker

Reliance Industries: Reliance And BP Commence Production From Third Deepwater Field In India’s Kg D6 Block 

At Its Peak, Production From The Kg D6 Block To Account For One Third Of India’s Domestic Gas Production

Separately, RIL also sold 1.23 crore compulsory convertible preference shares, or 2.89% of the fully diluted share capital, of Viacom 18 to Bodhi Tree Systems.

Granules: US FDA completes pre-approval inspection (PAI) & GMP Audit of Unit IV facility in Visakhapatnam with zero observations

Alert, US FDA had inspected the facility from June 26-30, 2023

Dynamatic Technologies: Unit Applies For "Protective Shield Process" Under German Laws

WALCHANDNAGAR INDUSTRIES: LARGE TRADE

Alert, ASSETS CARE AND RECONSTRUCTION ENTERPRISE

Sold 241,123 Shares @ Rs 80.47/ Share

GHCL TEXTILES: LARGE TRADE

VANGUARD MODERATE GROWTH FUND

Sold 488,126 Shares @ Rs 73.22/ Share

EASY TRIP PLANNERS: LARGE TRADE

Promoter RIKANT PITTIE

Sold 10,00,00,000 (10 Crore) Shares @ Rs 40.05/ Share

Mobilised = Rs 400.5 Crores

Reported BUYER

SOCIETE GENERALE 

BUY 1,50,00,000 (1.5 Crore) Shares

ADANI TRANSMISSION: LARGE TRADE

Promoter Entity

FORTITUDE TRADE AND INVESTMENT LTD

Sold 3,39,17,200 @ Rs 786.17/ Share

Mobilised = Rs 2666 Crores

Buyer GQG PARTNER

STOCKS IN ACTION 23 June

STOCKS IN ACTION 23 June

PNB Housing Finance Board approves fund raising of up to Rs 5,000 cr in tranches via NCDs on a private placement basis

Transwarranty Finance: Approved Raising Of Funds Via Issuance Of Non-Convertible Debentures Upto 50m Rupees

Approved Issuance Of NCDS Tranche/Series B2 On Private Placement Basis

BPCL Board to consider fund raising via RightsIssue on June 28

Praxis Home Retail: To Issue Equity Share Warrants On A Preferential Basis Upto 624 Mln Rupees

HDFC: The company divested 9.65% stake in Ruralshores via buyback route. It also soled entire stake in HDFC Property Ventures and HDFC Venture Capital to Vividh Distributors for a consideration of Rs 1.2 crore and Rs 30 lakh respectively. The lender also bought 3.86% stake with 5.13% voting rights in interior designs company Bonito Designs and 914 CCPS of Cognilements (Relata) entitling a stake of 4% to 7%.

HBL Power Systems: The board is going to consider approving a proposal of slump sale of two products lines, Power Electronics and Integrated Power Supplies to Moebius Power Electronics on June 28.

Vedanta issues clarification, says reports of company selling Sterlite Copper Plant in Thoothukudi are wrong, baseless & incorrect

Coforge acquires 20% stake in Coforge Business Process Solutions for Rs 336.9 cr

Alert: Company had acquired 60% in Coforge Business Process Solutions in April 2021

FortisHealthcare to sell Chennai hospital facility to Kauvery Medical for Rs 152 crore

Peninsula Land: Unit Westgate Real Estate Developers LLP, Registered An Agreement For Sale Of Land On At Alibaug

Sale For A Total Consideration Value Of 430 Mln Rupees

Synergy Green Industries: Says Around 25% Revenue Growth Forecasted For Next Two Years

LIC Housing Finance appoints T Adhikari as Chief Operating Officer (COO), w.e.f. June 22, 2023

Coal India: May devise a mechanism where a hike in coal prices could be linked to inflation or some other parameters to avoid sudden increase

KPR Mill: Says Sugar Manufacturers Operating Near Unit's Sugar Factory Filed Writ Petitions Before High Court Of Karnataka 

Writ Petition In Matter Of Allotment Of Portion Of Cane Areas To Unit Under Sugarcane (Control) Order

Mirza International: Says Uttar Pradesh GST Authority Conducted Search In Various Business Premises Of Co On June 21 

Furnished All Information Sought By GST Authority

Grindwell Norton: National Company Law Tribunal, Mumbai Bench In Scheme Of Amalgamation Of Unit With Co Said Order Is Kept On Reserved

Eros International Media: SEBI - Finds Prima Facie Evidence That Books Of Accounts Of Eros Do Not Present Accurate Pictures

STOCKS IN ACTION 21 June

STOCKS IN ACTION 21 June

SHILPA MEDICARE: Meeting of the Board of Directors of the company will be held on Friday, June 23

To consider proposal of fund raising by way of Rights issue of Equity Shares

Grasim Industries: Board Meeting On June 23 To Consider Issue Of Non-Convertible Debentures On Private Placement Basis

Secure Credentials: To Raise Funds Upto 49 Crore Rupees By Way Of Rights Or Preferential Issue Of Securities

Satin Creditcare: Approves Raising 54 Crore Rupees Via Debentures

GR INFRAPROJECTS: BAGS ORDER

Received Letter of Award for a project 'Four laning of NH 530B from Kasganj Bypass End to Chandan Nagar section of NH 530B in the State of Uttar Pradesh on HAM mode - Package 3'

Madhav Infra Projects: Received Of Letter Of Acceptance Worth 30.77 Crore Rupees

Tamilnadu Petroproducts: Entered Into An Arrangement With Dalavaipuram Renewables  

To Procure Upto 59.93 Mln KWH Power Per Annum

GMDC: Hasmukh Adhia, Principal Adviser To Gujarat CM, Appointed As Director & Chairman With Immediate Effect

Avenue Supermarts’s Vice President of Buying & Merchandising, Dheeraj Kampani, tenders his resignation, effective July 1

HDFC LIFE, HDFC, HDFC BANK: CCI Approves Acquisition Of Additional Stake By HDFC In HDFC Ergo & HDFC Life

As Of March 31, 2023, HDFC Ltd Holds: 49.98% In HDFC Ergo & 48.65% In HDFC Life

Pidilite to manufacture Litokol and Tenax products from Italy in India

Fino Payments Bank: Rakesh Bhartia withdraws his nominations as Part-time Chairman

Aptech: Company’s Managing Director and CEO Anil Pant has taken an indefinite leave on account of sudden deterioration of his health. the Board has constituted an Interim Committee to ensure smooth functioning and continuity of operations of the company.

Gujarat Gujarat Alkalies and Chemicals: Ex-Finance Secretary Hasmukh Adhia takes over as Chairman from Raj Kumar.

SHRIRAM FINANCE: Piramal Enterprises To Sell Stake In Shriram Finance Via Block Deals

Piramal To Sell Entire 8.34% Stake In Co (3.1 Crore Shares)

Deal Floor Price Said To Be Rs 1483/Sh (Max 5% Discount To CMP)

JAMNA AUTO: Large Trade

SMALLCAP WORLD FUND INC

SELL 59,05,682 Shares @ Rs 96.15

ARCHEAN CHEMICAL INDUSTRIES: LARGE TRADE

THE GOVERNMENT PENSION FUND GLOBAL

SELL 950,000 Shares @ Rs 510.87

SOCIETE GENERALE

BUY 642,365 Shares

HDFC AMC: Large Trade

ABRDN INVESTMENT MANAGEMENT 

SOLD 2.17 Crore Shares @ Rs 1873/ Share

BUYERS

Avendus, BNP, BOFA, DE Shaw, Franklin, Ghisallo, ICICI Pru MF, Kuwait Investment Authority, Mirae MF, Morgan Stanley, Nippon MF, SBI MF, Small Cap World Fund, Vanguard, etc

TIMKEN INDIA: Large Trade

TIMKEN SINGAPORE PTE LIMITED 

SOLD 76,00,000 Shares @ Rs 3107/ Share

KUWAIT INVESTMENT AUTHORITY 

BUY 507,369 Shares

THYROCARE: LARGE TRADE

ARISAIG ASIA CONSUMER FUND LIMITED 

SOLD 26,72,707 Shares @ Rs 488

ICICI PRUDENTIAL MUTUAL FUND 

Bought 22,53,044 Shares

KIMS: LARGE TRADE

GENERAL ATLANTIC SINGAPORE 

SOLD 40,68,698 Shares @ Rs 1,710/ Share

SBI MUTUAL FUND 

Bought the Entire Chunk

STOCKS IN ACTION 15 JUNE

STOCKS IN ACTION 15 JUNE 

HCL Technologies: HCL Tech and Google Cloud have expanded partnership to support enterprises leverage generative artificial intelligence (AI) and develop joint solutions powered by Google Cloud’s generative AI technologies.

SJVN: Company signed a memorandum of understanding with Maharashtra State Power Generation Company to develop 5,000 MW renewable energy projects in the state. The partnership will explore the feasibility of establishing various renewable projects including hydro, pumped storage, wind, solar, hybrid and green hydrogen projects.

PTC India Financial Services: PTC India named Mahendra Lodha as director (finance) and the chief financial officer of the company with effect from June. 14, replacing current Chief Financial Officer Sanjay Rustagi

IndiaMART InterMESH: Company approved the re-appointment of Dhruv Prakash as director liable to retire by rotation.

Reliance Communications: Delegate of the Australian Securities and Investments Commission notified regarding the deregistration of Reliance Communications (Australia) PTY Ltd. with effect from June 4.

Dilip Buildcon: The company received completion certificate for rehabilitation and upgradation work of Chandikhole-Bhadrak section of NH-5 in Odisha on Hybrid Annuity mode. The project cost was Rs 1,522 crore. DBL Chandikhole Bhadrak Highways Ltd. is now a subsidiary of the company.

Dilip Buildcon: The company received completion certificate for rehabilitation and upgradation work of Chandikhole-Bhadrak section of NH-5 in Odisha on Hybrid Annuity mode. The project cost was Rs 1,522 crore. DBL Chandikhole Bhadrak Highways Ltd. is now a subsidiary of the company.

DCW: Company will produce lower Soda Ash by an estimate of 6 KMT in first quarter of fiscal 2023-2024 due to unforeseen mechanical breakdown of carbon dioxide gas compressor in its Soda Ash Plant.

Persistent Systems: Company further strengthened its strategic relationship with Zscaler and achieved Zenith partnership tier to assist in strengthening and modernizing security.

Tega Industries: NCLT approves corporate restructuring of promoter group companies

Axis Bank: Bain Capital To Sell Stake Up To $267m In Axis Bank At An Offer Price Range Of Rs 964 - 977.70/Share Offer Price Range For Axis Bank Block Deal At 0-1.4% Discount To CMP - CNBCTV18, Citing Sources

Remedium Lifecare: Board Meeting On June 23 To Consider Increasing Borrowing Limit From 500m Rupees To 10b Rupees By Issuance Of Debt Securities To Consider Limit For Investment Via Acquisition Of Asset Upto 10b Rupees

KRBL:Successfully Commenced Commercial Production At Its New Plant At Anjar, Gujarat

Jindal Steel And Power: Approved Restructuring Of Balance Sheet Of Jindal Steel & Power (Mauritius) Ltd, Mauritius || Restructuring Will Not Have Any Impact On Income Statement Of Jindal Steel & Power

STOCKS IN ACTION 14 JUNE

STOCKS IN ACTION 14 JUNE 

Balkrishna Industries: The company said it will suspend operations at the Bhuj plant from the late evening of June 13, 2023, due to Cyclone Biparjoy. It will halt operations for three to four days.

Kotak Mahindra Bank: Lender to meet on June 16 to consider raising funds by issuing non-convertible debentures or bonds in one or more tranches on a private placement basis during fiscal 2023–2024.

Zydus Lifesciences: The company said the U.S. FDA inspection at the injectables manufacturing facility at Zydus Biotech Park in Changodar concluded with nil observations. The U.S. drug regulator conducted a current good manufacturing practices inspection at the facility from June 5 to June 13.

Anupam Rasayan India: The company signed a letter of intent worth $256 million (Rs 2,186 crore) for the next five years with a leading Japanese specialty chemical company. It will supply a new-age patented life science active ingredient starting in the calendar year 2025. The product will be in the validation phase for the next eighteen months.

GAIL (India): The Ministry of Petroleum and Natural Gas has nominated Executive Director (Marketing) Sanjay Kumar as a director (marketing) on the board of the company. Presently, he is the Managing Director of Indraprastha Gas Ltd. (IGL), the largest CNG distribution company in India.

LTIMindtree: The company said it has joined the Microsoft Intelligent Security Association, which is an ecosystem of independent software vendors and managed security service providers. This collaboration will allow the company to enhance its MDR platform and help enterprises prevent, detect, and respond to cyberattacks.

Brookfield India Real Estate Trust REIT: The company agreed to raise funds through an institutional placement of units not exceeding Rs 3,500 crore in one or more tranches. It approved the acquisition of Candor Techspace G1, owned by Candor Gurgaon One Realty Projects, and the acquisition of Mountainstar India Office Parks. It agreed to acquire Powai, owned by Kairos Property Managers.

LIC Housing Finance: The company’s Chief Operating Officer and Whole-Time Director, Ashwani Ghai, has resigned with effect from June 13. 

Archean Chemical Industries: The company decided to temporarily suspend operations at its plant in Hajipir, Gujarat, starting June 14

KEC International: The company secured new orders worth Rs 1,373 crore across its railways, civil, transmission and distribution, and cables businesses.

Zomato: The company’s unit, Zomato Australia Pty Ltd., has been deregistered with effect from June 11, 2023.

Fiem Industries: The company said that a fire broke out around noon in one building of Unit 7 in the Sonipat plant. There was no loss or injury to human life, but some buildings, plant and machinery, stocks, and furniture were damaged.

3I INFOTECH: Arm NuRe FutureTech Signs MoU With SRM Valliammai Eng College, Chennai

MoU Aims At Establishing An AI Lab Within The Institute’s Campus

Tata Chemicals: Follows Nirma With Downward Revision In Sodaash Prices By Rs 2,300/ Tonne

Shriram Pistons & Rings: Approved Bonus Issue Of Equity Shares In Proportion Of 1:1

Oil India: Says Fire Incident In Hydrocracker Unit Of Numaligarh Refinery Is Covered Under Insurance || NRL Is Yet To Quantify Fire Damage LossZ

Adani Enterprises: Adani Group Is In Talks With Lenders, To Refinance Up To $3.8b Of A Loan Facility Taken For Its Acquisition Of Ambuja Cements Ltd

Stocks in Action

Stocks in Action 12 June 

SHALBY: Shalby Academy, the healthcare education division of Shalby Ltd, made its partnership with P P Savani University in Surat

Both organizations have signed an MOU to jointly offer a diverse range of Para Medical/Healthcare courses in South Gujarat

MOSCHIP TECHNOLOGIES: Approved allotment of 1.14 Crore Shares Rs 63.22/ Share aggregating Rs 74.69 Crores to the shareholders of Softnautics Inc for consideration other than cash towards part payment of the total consideration payable

VEDANTA: Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa in Electronic Auction of Iron Ore Mine

MAHARASHTRA SEAMLESS: Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately 

KOTAK MAHINDRA BANK 

Large Trade

CANADA PENSION PLAN INVESTMENT BOARD

SOLD 3,30,00,000 Shares @ Rs 1,855.64/ Share

JUPITER WAGONS: NCLT Kolkata Approves Company’s Resolution Plan To Acquire Controlling Stake Of Stone India Under Corporate Insolvency Resolution Process Of Insolvency and Bankruptcy Code 2016

INTERGLOBE AVIATION

 Expands Codeshare Partnership With Turkish Airlines For United States

 Announced New Codeshare Connections Via Istanbul To USA

Travellers From India Can Travel To New York, Boston, Chicago, & Washington, Effective June 15, 2023

TITAGARH WAGONS: FUND RAISING Raising of funds through issuance of upto 76,00,000 Equity Shares to SMALLCAP WORLD FUND On preferential basis at a price of Rs 380/share for an Aggregate amount of Rs 288 Crores

ITI: RATING DOWNGRADE Acuite Rating and Research Limited downgrades credit ratings of the company Driven by the deterioration in operating performance during FY'23, reflected in its declining scale of operations and cash losses resulting in stretched liquidity

 BIRLA CORPORATION: LARGE TRADE SOCIETE GENERALE

BUY 399,321 Shares @ Rs 1188.51/ Share

AMBALAL SARABHAI ENTERPRISES: Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara Plant set up to meet all domestic and international regulatory standards and will manufacture niche molecules that have a global requirement

STOCKS IN ACTION 9 June

STOCKS IN ACTION 9 June

HINDUSTAN AERONAUTICS: Board To Consider Stock-split On June 27

CapaciteInfraprojects: To Raise 963m Rupees Through Preferential Issue Of Equity Shares

TATA POWER, Tata Steel: Tata Power Renewable Energy Subsidiary receives

Letter of Award to set up 966 MW Round-the-clock (RTC) Hybrid Renewable Power Project for TataSteel

Tata Steel, will invest 26% equity in the said project. 

To be commissioned by 1st June 2025

AETHER INDUSTRIES: Signs license agreement with Saudi Aramco Technologies Company for the commercialization of the sustainable Converge polyols technology

FYI Yesterday had Executed Letter of Intent with USA based leading global Oil Field Services Company

Trigyn Technologies: Unit Awarded Enterprise Technology Staffing Support Contract By City Of Baltimore, Maryland

BIOCON: Active Pharmaceutical Ingredient (API) manufacturing facility located in Bangalore has received a certificate of GMP compliance from the Competent Authority of Germany 

(following an EU GMP inspection that was conducted in February 2023)

HeroMotoCorp to invest up to Rs 1,500 crore for developing premium bikes and EVs in India

CEAT: Company inked an agreement to further invest up to Rs 9 crore to acquire 10.89% of Tyresnmore. Upon completion of the agreement, Tyresnmore will become a subsidiary of the company with CEAT, holding a 56.9% stake on a fully diluted basis.

Pitti Engineering: Company made an additional investment of Rs 5 lakh in its wholly owned subsidiary, Pitti Rail and Engineering Components, by subscribing to 50,000 fully paid-up equity shares of face value of Rs 10 each through a rights issue. This investment is made to enable Pitti Rail to meet its expenses for operations and general corporate purposes

Abans Holding: The company's subsidiary Abans Agri Warehousing & Logistics is executing a contract to sell its entire 100% stake in Shanghai Yilan Trading Co. to Forever Trading F.Z.C. for a composite consideration of CNY 354,595 (Rs 41.13 lakh).

NHPC: Arm NHDC Gets 525 MW X 6 Hours Pump Hydro Storage Site In Khandwa, Madhya Pradesh

IRB Infrastructure Dev: Says May Revenue Up 20% At Rs 411.1 Cr Vs Rs 343.5 Cr (YoY)

Blue Dart Board approves appointment of Sudha Pai as CFO, effective Sep 1

Kotak Mahindra Bank: Canada Pension sought Rs 6,225 crore for a stake sale in Kotak Mahindra Bank. The Canada Pension Plan Investment Board will offer 3.3 crore shares, representing a 1.7% stake, in Kotak Mahindra Bank in a block trade. The shares are offered at Rs 1,792.18 to Rs 1,886.50 each. The price range represents a discount of up to 5% compared to Thursday's close.

SNOWMAN LOGISTICS: Large Trade 

Promoter GATEWAY DISTRIPARKS LIMITED

Bought 14,00,000 Shares @ Rs 43.32/ Share 

JHS SVENDGAARD: Large Trade

NIKHIL VORA 

Sold 391,665 Shares @ Rs 19.21/ Share

CHAITALI N VORA 

Sold 383,878 Shares @ Rs 18.2/ Share

NIKHIL VORA

SELL 600,000 Shares @ Rs 17.5/ Share

PATEL INTEGRATED LOGISTICS: Large Trade

PATEL HOLDINGS LIMITED

Sold 510,000 Shares @ Rs 15.60

UNITED DRILLING TOOLS: Large Trade 

ASHISH KACHOLIA

Sold 158,390 Shares @ Rs 190.49/ Share

STOCKS IN ACTION 8 June

STOCKS IN ACTION 8 June

Punjab & Sind Bank board to consider raising upto Rs 750 cr via Bonds in one or more tranches on June 12

Titagarh Wagons: Board to consider raising funds via QIP/Rights Issue on June 10

Bank Stocks: To be in focus ahead of the Monetary Policy Committee decision on policy repo rate. MPC is likely to continue its status quo on the key lending rate at its second meeting in the new fiscal, amidst easing inflation and resilient growth.

Zydus Life gets USFDA approval for Tadalafil tablets, which are used to treat Pulmonary Arterial Hypertension & improve exercise capacity in both men & women

Mazagon Dock Shipbuilders: Thyssenkrupp, Co Sign Submarine MoU 

Thyssenkrupp, Mazagon Intend To Build Submarines In India

Lemon Tree Hotels signs licence agmt for a 60-room property in Rajamundry, Andhra Pradesh; the hotel is expected to be operational by Q3 of FY25

Sula Vineyards identifies new CFO, who will come on board in August

Company launches three new luxury lakeside villas in Nashik 

Tata Elxsi launches InnovationHub & nearshore engineering centre in Troy, Michigan

Tata Elxsi partners with ISRO to enable the upcoming GaganyaanMission

Tata Elxsi to design & develop Crew Module Recovery Models (CMRM) for recovery team training of the space mission

Hatsun Agro to consider sale of its windmill division by way of transfer of assets & liabilities on July 5, 2023

Wipro & Cisco launches managed private 5G-as-a-Service solution

Gati: Total volume, including surface and air express, rose 8% sequentially in May. It rose 1% from the year ago period. Company said volumes in May continued to show an improving trend owing to an uptick in preparations for the upcoming festive season starting in the last week of May. This is expected to continue over the coming months. 

Aether Industries: Company signed a Letter of Intent with U.S. based oil field services company for strategic supplier and contract manufacturing partnership. The letter specifies four strategic products that will be supplied to the global energy and oil and gas locations of the U.S. based company, including a significant supply within India.  

Nelco invests in Piscis Networks to bolster its portfolio of Satellite Communication Solutions

Adani Enterprises: Spokesperson Says Adani Group To Go Slow On Dealmaking As High Global Cost Of Capital Weighs 

Says Adani Group To Focus On Completion Of Existing Projects

Haldyn Glass: Says One Of The Furnace At Plant Located At Vadodara Will Remain Shut For A Period Of 90 Days To Undertake Relining

Operation At Second Furnace Will Continue As Usual

Life Insurance Corp: Company increased stake in Tech Mahindra by 2%,  from 6.87% to 8.89%. The holding increased at an average cost of Rs 1,050.77. 

Stove Kraft: Chief Financial Officer Balaji A S has resigned from the company citing personal reasons. The company is in the process of hiring a professional for the position of chief financial officer.     

CRAYONS ADVERTISING: Large Trade

GOEL ANIL KUMAR

BUY 200,000 Shares @ Rs 109.35/ Share

SNOWMAN LOGISTICS: Large Trade

Promoter GATEWAY DISTRIPARKS LIMITED

BOUGHT 11,00,000 Shares @ Rs 40.02/ Share

EKI ENERGY SERVICES: Large Trade

NEXT ORBIT VENTURES FUND

SELL 200,000 Shares @ Rs 492.35/ Share

DEEPAK FERTILISERS: Large Trade

SMALLCAPWORLD FUND INC

SELL 23,54,000 Shares @ Rs 548.42/ Share

DLINK INDIA: Large Trade

ASHISH KACHOLIA

SELL 194,662 Shares @ Rs 228.5/ Share

STOCKS IN ACTION 2 JUNE

STOCKS IN ACTION 2 JUNE

Coal India: The government will exercise the greenshoe option in the offer for sale and offload another 9.24 crore shares on the second day after the issue was subscribed 3.46 times on the first day.

Aditya Birla Capital: The company will raise Rs 1,250 crore via preference issue 6.06 crore shares to Grasim Industries and and 1.51 crore shares to Surya Kiran Investment, respectively, at Rs 165.1 apiece.

AstraZeneca Pharma India: The company has received permission from Central Drugs Standard Control Organisation to import, sell and distribute Tremelimumab (Imjudo) concentrate, used in the treatment of patients with liver disease unresectable hepatocellular carcinoma.

NHPC: The company signed an MoU with Nepal’s Vidhyut Utpadan Company for joint development of 480 MW Phukot Karnali hydroelectric project in Kalikot district of Karnoli province of the neighbouring nation.

SJVN: The company signed a project development agreement of 669 MW Lower Arun Hydro Electric Project in Nepal. The company is also developing 217 km long associated transmission network for power evacuation and export to India.

NTPC: NTPC Green Energy, a wholly owned subsidiary of the company, signed a deal with Uttar Pradesh Rajya Vidyut Utpadan Nigam to develop renewable energy parks and projects in the state.

MOIL: The company recorded 43% growth year-on-year in manganese ore production during May at 1.53 lakh tonnes and 72% rise on year in sales at 1.53 lakh tonnes

GAIL (India): The company infused in JBF Petrochemicals Rs 2,101 crore, including equity worth Rs 625 crore and debt worth Rs 1,476 crore, under the resolution plan for the latter. With this, JBF Petrochemicals has become a wholly owned subsidiary of GAIL.

Paras Defence & Space Technologies: The company and Israel-based Controp Precision Technologies have formed a 30:70 joint venture to manufacture electro optic/infra-red systems for various applications.

Aster DM Healthcare: The entered hospital operation and management agreement with 130-bed Padmavathy Medical Foundation, based in Kollam, Kerala.

Central Bank of India: The bank entered a strategic co-lending partnership with India Shelter Finance Corporation Ltd. to offer MSME loans.

Prism Johnson: Of the proposed investment to acquire 45% stake in Renew Green (MPR Two), the company has acquired 72.76 lakh shares for Rs 7.28 crore. The remaining amount would be invested in one or more tranches by June 2024.

Can Fin Homes: Deputy Managing Director Amitabh Chatterjee, who was deputed from Canara Bank, resigned on June 01, 2023, due to his repatriation and transfer back to Canara Bank.

Affle (India): Affle International Pte, a wholly owned Singapore subsidiary of the company, has completed 100% acquisition of YouAppi Inc.

Tata Motors: The company reported a 2% decline year-on-year in domestic sales performance at 73,448 units during May. Domestic passenger vehicle sales grew 6% on year, while commercial vehicle sales dipped 12% year-on-year

Hero Motocorp: The company reported a 7% rise year-on-year in sales during May at over 5.19 lakh units.

India Infrastructure Trust: The company appointed Pooja Aggarwal as CEO and Darshan Vora as CFO, effective June 1

Adani Enterprises arm Adani Road Transport Limited terminates share purchase agreement with Swarna Tollway Private Limited & Gujarat Road & Infrastructure Company

MTAR Technologies: Societe Generale picks 1.35% stake  (4.2lk shares) at Rs 1880/share

Promoter sold 3.5lk shares

Rategain: Avataar Holdings sells 5% stake in RateGain Travel for Rs 206 crore

Key buyers include Societe Generale, ABSL MF

GRASIM: Launches Sparkle Painting services in Mumbai, Pune and Bangalore.

First painint capacity slated to commission by Mar-24

STOCKS IN ACTION 1 JUNE

STOCKS IN ACTION 1 JUNE 

Coal India: The government will sell up to 18.48 crore shares of the company, representing a 3% stake, via an offer for sale on June 1 and 2. The floor price of the offer has been pegged at Rs 225 per share.

MOIL: The company increased prices of manganese ore grades BGF452, CHF473 and GMF569 by 10%, effective from the June 1.

Tata Motors: The company is looking to buy back external commercial bonds worth $250 million from bond holders.

HFCL: The company will spend Rs 470 crore to expand current optical fibre capacity to 33.9 million fibre kilometer per annum from 10 million fibre kilometer per annum at its manufacturing facility in Telangana.

Bank of India: The bank hiked marginal cost of funds-based lending rates by five basis points across tenures, effective June 1.

Mahindra & Mahindra: Subsidiary Mahindra Holdings completed the sale of 30% stake of Mahindra Susten to 2452991 Ontario, a wholly owned subsidiary of Ontario Teachers' Pension Plan Board. Additional 9.99% stake of Mahindra Susten will be completed by March 31.

Laurus Labs: The company will acquire additional 7.24% stake in Immunoadoptive Cell Therapy for Rs 80 crore. Some promoters and senior management of the company will also acquire 0.54% stake in ImmunoACT for Rs 4 crore through secondary purchases. The company already holds 26.62% stake in ImmunoACT.

Vinati Organics: The company bought additional 65.97 lakh shares of subsidiary Veeral Organics for Rs 6.59 crore.

Lemon Tree Hotels: The company will acquire 9.67 lakh compulsorily convertible preference shares of Fleur Hotels from APG Strategic Real Estate Pool NV at Rs 505 apiece, resulting in a total outgo of Rs 48.84 crore.

Steel Authority of India: Amarendu Prakash has taken over as chairman of the company, effective May 31.

Rainbow Children’s Hospital: The company appointed Vikas Maheshwari as the chief financial officer, effective June 1, following resignation of R Gowrisankar from the position.

South Indian Bank: The board approved the panel of candidates for the position of managing director and chief executive officer. This will be sent to the Reserve Bank of India for approval. The bank also appointed General Manager Nandakumar G as the head of inspection and vigilance department and head of internal audit and chief of internal vigilance, effective June 1.

Gati: Pirojshaw Aspi Sarkari has stepped down as the chief executive officer of Gati to take charge as managing director and CEO of material subsidiary Gati-Kintetsu Express, effective immediately. Shashi Kiran Shetty, chairman and managing director of Gati, has been appointed as non-executive chairman of Gati-Kintetsu Express.

PNC Infratech: Bhupinder Kumar Sawhney has stepped down as chief financial officer of the company on health grounds, effective May 31.

Adani Total Gas: MSCI - Update On Implementation Treatment Of Adani Group And Associated Securities During May 2023 Index Review || MSCI Says Adani Total Gas, Adani Transmission Will Be Deleted From MSCI Global Standard Indexes WEF June 1

Adani Enterprises: Adani To Raise USD 3.5 Bn Through Share Sale In 3 Cos; Adani Green Energy Board Approval For Usd 1 Bn Share Sale Next Month - PTI, Citing Sources

Bharat Road Network: Court Dismissed NHAI Application To Set Aside 2019 Arbitration Award To Co's Unit

STOCKS IN ACTION 31 MAY

STOCKS IN ACTION 31 MAY 

HDFC Asset Management Company: Keki Mistry has expressed the desire not to be re-appointed as non-executive director of the company, and will retire after the upcoming AGM on June 26.

Coal India: The company will increase prices of high-grade coal by 8%, applicable across subsidiaries, leading to revenue rising by additional Rs 2,703 crore during the current fiscal.

Mahindra & Mahindra: The company incorporated subsidiary Mahindra Last Mile Mobility to manage its three-wheeler and small commercial vehicle business. The auto major also incorporated a step-down subsidiary Icarus Hybren to run the renewable energy production and distribution business.

Axis Bank: The board appointed former RBI deputy governor NS Vishwanathan as additional director for a period of four years, up to May 29, 2027.

Aurobindo Pharma: The company received tentative new drug application approval from U.S. FDA for HIV drugs Dolutegravir, Entricitabine and Tenofovir Alafenamide tablets.

Sun Pharmaceuticals Industries: The company received approval from China’s National Medical Products Administration for its new drug application of tildrakizumab injection used to treat moderate-to-severe plaque psoriasis.

Lupin: The company entered a strategic collaboration with Enzene Biosciences to launch Cetuximab in India, used in treatment of head and neck cancer.

SonaBLW: Promoter entity Aureus Investment likely to sell upto 3.25% equity of Rs 950 cr at Rs 500/share in SonaBLW

AdaniPorts: Q4 results | Net profit grows 5%, dividend of Rs 5/share declared

KRISHNA INSTITUTE OF MEDICAL SCIENCES Large Trade

GENERAL ATLANTIC SINGAPORE Sold 23,20,449 Shares @ Rs 1600/ Share

KALPATARU POWER TRANSMISSION Large Trade

Promoters Sell 96,34,284 Shares 

ICICI Prudential Mutual Fund Bought 14.95 Lakh Shares

STOCKS IN ACTION 29 MAY

STOCKS IN ACTION 29 MAY 

Reliance Industries: Reliance Consumer Product, the FMCG arm of the company, partnered with U.S.-based General Mills to launch international corn chips snacks brand Alan’s Bugles in India.

Tata Motors: Moody’s Investor Service changed outlook for the company to positive from outlook over robust credit metrics and affirmed its B1 rating.

Central Bank of India: RBI imposed a penalty of Rs 84.50 lakh on Central Bank of India for failing to report certain accounts as fraud and recovering SMS alert charges from customers on flat basis.

HDFC: Market regulator SEBI has granted final approval for the proposed change in control of HDFC Capital Advisers in its capacity of an investment manager of the HCARE Funds and investment manager cum sponsor of HDFC Build Tech Fund.

Lupin: The company received approval from Health Canada to market generic version of tiotropium bromide inhalation powder under the name Spiriva for treatment of chronic obstructive pulmonary disease in Canada.

Godrej Properties: The company increased stake in Wonder City Buildcon to 100% from 74%, acquiring 2.9 crore shares (26% of overall shareholding) for Rs 45.13 lakh.

RITES/Power Finance Corporation: RITES and Power Finance Corporation signed an MoU to explore avenues of mutual collaboration for consultancy works in transport and logistics, energy, water and sanitation, communication, social and commercial infrastructure.

GAIL/Axis Bank: GAIL (India) has partnered with Axis Bank to digitise bank guarantees under Society for Worldwide Interbank Financial Telecommunication

NCC: appoints Sanjay Pusarla as Chief Financial Officer w.e.f. June 1

STOCKS IN ACTION 25 May

STOCKS IN ACTION 25 May

Shreyas Shipping And Logistics: Board Provided Its Consent To The Delisting Proposal 

Floor Price Of The Delisting Offer Is Rupees 292 Per Share

J.B.Chemicals& Pharmaceuticals: Approved Sub-Division/Split Of Existing Equity Shares 

Split Of Shares Of Face Value 2 Rupees To Shares Of Face Value 1 Rupees

B L Kashyap and Sons bags an order worth Rs 132 cr

Garden Reach Shipbuilders: Entered Into A Contract With Indian Navy 

Order At A Cost Of 2.49b Rupees

Tata Motors: Jaguar Land Rover To Pick UK Over Spain For Giant Car Battery Plant - BBC

Wipro Engineering Edge partners with SpartanRadar to enhance assisted & automated driving solutions on its Cloud car platform

Adani Ports and Special Economic Zone: The company will make long-term investment of $10 billion in Vietnam, including $3 billion in ports and wind and solar power projects.

HDFC AMC gets final nod from Sebi for change in control due to merger

Gujarat Gas cuts industrial gas price to Rs 38.43/scm from June 1

SAIL: Boardmeet Today 

Along with results board to consider final dividend for FY’23

MAHINDRA CIE AUTOMOTIVE: Large Trade

MAHINDRA & MAHINDRA LIMITED

Sold 1,21,22,068 Shares @ Rs 447.65/ Share

STOCKS IN ACTION 24 May

STOCKS IN ACTION 24 May

TTK Healthcare: Says Shareholders Approve Delisting Proposal

Adani Green Energy: The board meeting scheduled on May 24 to consider raising funds was cancelled due to non-availability of directors. The next date of meeting will be announced later.

Century Textiles board approves fundraising upto Rs 400 cr via NCDs in one or more tranches on a private placement basis

Varun Beverages incorporates South African wholly-owned subsidiary to explore manufacturing & distribution business of beverages

Trent incorporates new JV company with MAS Fashion to manufacture intimate apparel in India

Shriram Properties acquires a new project in Chennai with a revenue potential of approximately Rs 1,200 cr

NTPC: The power company aims to add 16 GW of renewable capacity by the fiscal ended 2026, the management said during its recent earnings call.

Ipca Laboratories/Lyka Labs: Ipca Laboratories has increased its shareholding in Lyka Labs by 9.76% in two tranches. It bought 44 lakh shares at Rs 139.50 apiece on March 15 and April 18. Ipca now holds 1.20 crore share of Lyka, or 36.34% of latter’s overall shareholding.

Polyplex Corp: Has Entered Into A Binding Term Sheet With Certain Members Of The Promoter Group ("Promoter Group Members") Of The Co And AGP Holdco 

Promoter Group Members Have Agreed To Sell To The Investor 24.2778% Stake In The Equity Share Capital Of The Co For An Aggregate Amount Of 13.8b Rupees

Wipro expands GoogleCloud partnership to advance enterprise adoption of Generative AI

Tata Chemicals re-appoints R. Mukundan as ManagingDirector & CEO for 5 years, effective November 26, 2023

Punjab National Bank: The bank appointed Amit Srivastava as its group chief risk officer.

DishTV: Anil Kumar Dua resigns as CEO of DishTV

Board seeks approval of Ministry Of Information and Broadcasting to appoint Manoj Dobhal as new CEO

STOCKS IN ACTION 23 May

STOCKS IN ACTION 23 May

Torrent Power: The board of the company will consider raising Rs 3,000 crore via private placement of non-convertible debentures, along with the financial results for the March quarter and a final dividend for financial year 2022-23.

CENTURY TEXTILES: BOARDMEET Today 

Consider Fund Raising worth Rs 400 Crores Via NCDs

AXITA COTTON: BOARDMEET Today 

Consider BuyBack Proposal

ITI bags an Advance Purchase Order (APO) worth Rs. 3,889 cr from BSNL for its 4G rollout

Astra Microwave joint venture (JV) company, Astra Rafael Comsys, bags an order of Rs 158 cr from Defence Public Sector Undertaking (DPSU) for supply of Software Defined Radio (SDR)

JSW Steel | NCLT approves resolution plan of JSW Steel Coated Products For National Steel & Agro Industries Limited (NSAIL)

JSW Steel & JFE Steel agree to establish cold rolled grain oriented electrical steel manufacturing JV in India

IGL accepts authorisation for Noida Geographical Area (GA) without prejudice

Co has filed appeals against Petroleum & Natural Gas Regulatory Board (PNGRB) order in respect of Faridabad and Gurugram GAs

Alert: On Apr 25, PNGRB released its order regarding authorisation for Noida & Gurugram GAs

TELECOM DATA - MARCH 

RelianceJio added 30.5 Lakh mobile subscribers

BhartiAirtel onborded 10.37 Lakh mobile subscribers

VodafoneIdea lost 12.12 Lakh wireless users

MTAR TECHNOLOGIES: Alert Bloom Energy to host investor conference Tomorrow 

Vedanta: The company announced the first interim dividend of Rs 18.50 per share for the financial year 2023-24, with a total outgo of Rs 6,877 crore.

Coal India: The Joint Bipartite Committee for the Coal Industry signed the National Coal Wage Agreement for the period five years, effective July 1, 2021. The company has made provisions to the tune of Rs 9,252.24 crore for this effect for 21 months from July1, 2021 to March 31, 2023. The final impact of this is not likely to be significant.

MAX HEALTHCARE: Large Trade

GQG PARTNERS EMERGING MARKETS EQUITY FUND

BUY 75,50,000 Shares @ Rs 549.7/ Share

MATRIMONY: Large Trade

CARNELIAN ASSET ADVISORS PRIVATE LIMITED

BUY 135,495 Shares @ Rs 560/ Share 

KOKUYO CAMLIN: Large Trade 

EQUITY INTELLIGENCE INDIA PRIVATE LIMITED

BUY 540,000 Shares @ Rs 105.79/ Share

GLAND PHARMA: Large Trade 

MORGAN STANLEY INVESTMENT FUNDS EMERGING MARKETS EQUITY FUND

SOLD 960,271 Shares @ Rs 930.69/ Share

STOCKS IN ACTION 22 May

STOCKS IN ACTION 22 May

Dilip Buildcon: The company has been selected as the L-1 bidder for construction of Malhargarh pressurized micro lift major irrigation project on turnkey basis by Water Resource Department in the state of Mandsaur, Madhya Pradesh at a cost of Rs 699.03 crore.

NTPC: NTPC Green Energy, the renewable arm of the company, signed an MoU with HPCL Mittal Energy under which it will supply 250 MW green energy to the latter, according to a statement by NTPC. Both companies will explore opportunities in production of green hydrogen, green ammonia and green methane.

NDTV: The company’s stock has been moved out of long-term additional surveillance measure framework by BSE and National Stock Exchange.

Piramal Pharma: The U.S. FDA completed the good manufacturing practices and pre-approval inspection of the company’s Pithampur facility with no Form 483 observations.

Shreyas Shipping and Logistics to delist from exchanges: BSE

Zomato appoints Rakesh Ranjan as CEO of Food Ordering & Delivery Business, Rinshul Chandra as COO of Food Ordering & Delivery Business & Rishi Arora as CEO of Zomato Hyperpure

JSW Steel board elevates Jayant Acharya as MD & CEO for 5 years

Gajraj Singh Rathore appointed as Whole-time Director designated as Chief Operating Officer

Zee Entertainment Enterprises/IDBI Bank: The Mumbai bench of the National Company Law Tribunal has dismissed the application by IDBI Bank to initiate insolvency proceedings against Zee Entertainment.

Aurobindo Pharma: The U.S. FDA has issued a Form 483 with four observations after inspecting the company’s Unit XIV, an API non antibiotic manufacturing facility situated at Paravada Industrial Area, in Anakapalli, Andhra Pradesh.