Telegram-канал stockmarkets19 - Stocks Picker Articles: Unsorted

Stocks Picker Articles

14 Jun 2024 04:48

*Stocks in News*

*Tata Elxsi:* Company partners with RedHat to work on 5G connected car using former's CVP platform TETHER. (Positive)

*Suven Pharma:* Company signs definitive agreement to acquire 100% eq shrs in Hyderabad-based Sapala Organics. (Positive)

*Wipro:* Company to launch on-premise GenAI solution with Hewlett Packard Enterprise. (Positive)

*MosChip Tech:* MeitY approves Design Linked Incentive application for development of a smart energy meter IC for India & overseas markets (Positive)

*Atul Auto:* Company Says Has Incorporated A New Subsidiary Company By Name Atulease Pvt Ltd, subsidiary Company Was Incorporated On June 12, 2024. (Positive)

*RITES:* Company DMRC in accord for exploring O&M of metro rail systems (Positive)

*Electro steel Castings:* Company to set up iron pipes plant in Odisha. (Positive)

*Shipping Corp:* NITI Aayog gives in-principle approval for formation of wholly-owned subsidiary of Shipping Corp in GIFT City (Positive)

*Advaith Infratech:* Company has received an order worth Rs. 27.87 Crores from GETCO (Positive)

*Thomas Cook:* CRISIL Ratings has upgraded its outlook on the bank loan facilities and corporate credit rating. (Positive)

*JK TYRE:* CARE Ratings has upgraded long term rating for bank facilities of the company to CARE AA- from CARE A+. (Positive)

*Signature Global:* Company to buy 3.81 acre land in Gurugram (Positive)

*ICICI Lombard:* May Premium up 22%, Market Share (Up To May 2024 YoY) +60 BPS (Positive)

*Go Digit:* May Premium up 36%, Market Share (Up To May 2024 YoY) +11 BPS (Positive)

*Star Health:* May Premium +16% (YoY), Premium Up To May +19% (YoY) (Positive)

*Brigade:* Company expects its FY-25 residential launches to see an average pricing of ₹10,000/sqft. (Positive)

*Ambuja Cement:* Company to acquire 100% stake in Penna Cement Industries for ₹10,422 crore (Positive)

*Havells:* Company has announced plans to expand AC manufacturing capacities at Ghiloth and Sricity locations to 15 lakh units per year each (Positive)

*NALCO:* Company has signed Pottangi Bauxite Mining Lease Deed with the Odisha government for 697.979 hectares (Positive)

*NBFC Companies:* Sales of listed private non-financial companies registered a growth of 6.9% in the fourth quarter of 2023–24 compared to a 5.5% rise in the previous quarter (Positive)

*Dixon/Kaynes:* Ministry of Electronics and Information Technology plans 100-Day Agenda to invest in Rs 30,000-cr electronic component scheme with capital subsidy (Positive)

*NITCO:* Board approves monetization of immovable property in Mumbai and conveyance deed worth ₹232 cr with Runwal Construction (Positive)

*L&T FH:* Morgan Stanley, Larsen & Toubro and Mirae AMC buy stake in L&T Finance (Positive)

*Dr Reddy’s Lab:* LIC increases its stake in Dr Reddy’s from 4.95% to 5.01% (Neutral)

*Puravankara:* Board approves raising funds up to ₹1,000 crore via QIP. (Neutral)

*Kalpataru Projects:* Company raises Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)

*Exxaro Tiles:* Company to temporarily shut down unit 1 plant for 4 weeks from June 14 due to maintenance. (Neutral)

*SEPC:* Company to consider fund-raising on June 19. (Neutral)

*Jaypee Infratech:* Company will delist its equity shares after being acquired by Suraksha Realty. (Neutral)

*Pakka:* Company approved Raising of Funds Upton Rupees 225 Cr via QIP. (Neutral)

*L&T FH:* Bain Capital, Other Funds to sell 1530 cr worth shares, Deal is likely in block window since the discount is only 1% to market price (Neutral)

*NIACL:* May Premium -1% (YoY), Market Share (Up To May 2024 YoY) -192 BPS (Neutral)

*Suzlon:* Appoints Khaitan & Co. to conduct a review of its corporate governance practices, identify any gaps in the existing practices and ways to strengthen them (Neutral)

*Vodafone Idea:* Company to pare debt by issuing preferential shares worth ₹2,458 crore to Nokia, Ericsson (Neutral)