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Multibaggers | Value picks | Fundamental Analysis.
The central government is considering small-scale share sales in Mazagon Dock, IRFC, NFL, and RCF, with an aim to raise ₹50,000 crore.
This initiative involves selling shares of selected government companies in the railway, fertilizer, and defense sectors.
🚨Ila D. Mehta, part of the promoter group of Deepak Nitrite Limited, has acquired 1.46 lakh shares through market purchase, valued at Rs. 36.565 crore (Rs. 2504.42 per share).
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#Jubilant Ingrvia has received an Establishment Inspection Report (EIR) from the USFDA, concluding with zero 483 inspectional observations at its manufacturing facility, Unit-1, located in Bharuch, Gujarat, India.
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Asian Paints' Singapore subsidiary has finalized the acquisition of a 23.4% stake in Egypt's SCIB Chemicals for Rs 34 crore.
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#Raymond has announced the re-appointment of Mr. Gautam Hari Singhania as Chairman and Managing Director of the company, effective July 1, 2024.
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#Brigade Group has unveiled Brigade Insignia in North Bengaluru, projecting a revenue potential of Rs 1,100 crore.
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This reiterates the idea that those who make hasty decisions often lose to those who remain patient and stick to their investment plans.
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#TataMotors is set to invest more than Rs 45,000 crore in its automotive division by the fiscal year 2030.
The company plans to allocate 6-8% of its annual car revenue towards portfolio expansion and technological advancements.
Adani Defence and Aerospace has entered into a partnership with Thales Defense and Security to manufacture Thales' 70mm rockets in India.
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Sona BLW Precision Forgings:
The company has been awarded certification for traction motors designed for electric two-wheelers under the PLI Scheme by the government.
#GaneshaEcosphere has invested ₹100 crore in the equity share capital of its subsidiary, Ganesha Ecopet Private Ltd, by subscribing to 10 crore equity shares at face value.
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The key to successful investing is purchasing assets at a good value, rather than just acquiring high-quality assets at any price.
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Big news 🚀🚀
On Tuesday, Textiles Minister Giriraj Singh announced the government's approval of a production-linked incentive (PLI) scheme worth over ₹10,000 crore for the #textiles sector. Additionally, the government is considering extending this scheme to the garments sector.
Tata Motors plans to expand its electric vehicle portfolio with 10 new products, according to Managing Director Shailesh Chandra.
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#SHKelkar's subsidiary, Keva Fragrances Industries Pte. Ltd., has made an additional investment of 41 crore rupees in its Indonesian subsidiary, PT SHKKeva Indonesia.
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Pump Stocks in Focus: Maharashtra State Budget Announcement
Ajit Pawar announced in the Maharashtra State Budget that the government will provide solar pumps to 8,50,000 farmers.
JSW Infra is set to acquire a 70.37% stake in Navkar Corp from promoters for an enterprise value of Rs 1,680 crore at Rs 95.61 per share—a 15% discount to the current market price—while also launching an open offer to buy an additional 26% stake from the open market.
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#KPIGreen Energy has secured a sanction letter for credit facilities totaling Rs. 686 crores. These funds will be used for the development of a 200 MWAC (240 MWDC) solar photovoltaic power project in Khavda, Kutch District, Gujarat.
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Radhakishan Damani and associated entities have divested their entire stake in #IndiaCements through open market transactions.
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Infosys BPM has opened its second facility in Puerto Rico, investing USD 200,000 and generating 325 new jobs.
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#RailVikas Nigam Ltd has established a new subsidiary named "RVNL Middle East Contracting L.L.C" located in Dubai.
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Globus Spirits Ltd has unveiled new whisky and vodka brands in Uttar Pradesh, further diversifying its offerings in the alcoholic beverage sector.
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Route Mobile:
Microsoft and Proximus Group have entered into a new strategic partnership aimed at enhancing digital communications and cloud services.
Route Mobile, an affiliate of Proximus Group, plays a significant role in this collaboration.
#ExideIndustries has infused ₹50 crore into the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL), through a rights issue subscription.
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ITD Cementation has been awarded a marine contract valued at approximately ₹1,082 crore, inclusive of taxes and duties, for the construction of a Third Berth (Jetty) and other specified works at the Dahej LNG terminal in Gujarat.
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On Thursday, #UltraTechCement disclosed that its board of directors has announced the acquisition of up to 7.06 crore equity shares, representing a 23% stake, in India Cements Ltd.
The purchase price for these shares is set at up to ₹267 each, bringing the total value of the transaction to approximately ₹1,885 crore.
Which stocks will benefit from PLI to Textiles Sector?🤔
Comment below 👇👇👇
🚨Gensol Engineering Limited
Anmol Singh Jaggi, a promoter of Gensol Engineering Limited, has revoked the pledge on 6 lakh shares, valued at Rs. 62.4 crore (Rs. 1040 per share).
Copthall Mauritius Investment has acquired a 0.8% stake in #JupiterWagons at an average price of Rs 652 per share.
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🚨The government is contemplating the inclusion of IREDA and HUDCO under Section 54EC of the Income Tax Act, which would provide capital gains tax exemptions for investors purchasing their bonds.
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