Indian Stock News Channel

12 Dec 2024 07:01

TCS enters into 5-yr deal with Telenor Denmark to deliver IT infra service

Indian Stock News Channel

12 Dec 2024 06:50

TATA POWER: SOURCES Says Tata Power Renewable Energy plans a rupee bond sale - ET

The company is a subsidiary of Tata Power

Key firm for Tata Group's renewable and clean energy business

Planning a sale of up to ₹1,000 crore in non- convertible debentures

Discussing options for various tenors, pricing, and terms with rupee debt arrangers

The company last issued ₹1,000 crore, 10-year bonds in September

Indian Stock News Channel

12 Dec 2024 06:47

Pharma Sales Performance: Nov 2024

Top Performers (YoY Growth):

Natco Pharma: 90.8% YoY increase; API segment grew 84% YoY.

Divi's Labs: Strong performance with 38.2% YoY growth, driven by API & formulation sales.

Dr. Reddy's: Notable 15.1% YoY growth, led by Formulations (+11.6% MoM).

Decliners (YoY):
👉🏻Laurus Labs: Faced a steep -31.1% YoY dip; Formulations down -63.1% YoY.

Aurobindo Pharma: Reported a decline of -8.7% YoY, primarily due to API performance.

Month-on-Month Trends:
👉🏻Glenmark Life Sciences: MoM growth 22.3%, API demand on the rise.

Suven Pharma: Impressive 152.8% MoM growth in API + Formulations.

IPCA Labs: -11.4% QoQ, with API declining -17.7% MoM.

Strong Recovery in niche APIs & formulations for export markets.

Natco Pharma & Divi's Labs lead growth trends, while Laurus Labs & Aurobindo Pharma face challenges.

Indian Stock News Channel

12 Dec 2024 06:11

GODREJ CONSUMER Management Says Had some unusual events in October & November, which are transitory & seasonal - CNBCTV18

Margin gets affected when palm oil prices go up

Don't think the issues were due to channel inventory

Expect to go back to our growth trajectory since the issues are transitory

October & November were not as per our plan for soaps and household insecticides

Rural is doing better than what it was

Indian Stock News Channel

12 Dec 2024 06:04

NLC INDIA LIMITED'S FIRST SUPERCRITICAL POWER PLANT BEGINS COMMERCIAL OPERATION

This milestone represents NLCIL's first venture into supercritical power generation technology, a major leap in enhancing the
company's energy portfolio.

The 660 MW addition at Ghatampur marks India's first fossil fuel-based thermal power plant commissioned this financial year. This boosts NLCIL's role in India's energy security, raising its total capacity from 6,071 MW to 6,731 MW.

Indian Stock News Channel

12 Dec 2024 05:56

NALCO , HINDALCO ; The government may look into resolving the inverted duty structure for specific aluminium products in the upcoming budget. - ET

Indian Stock News Channel

12 Dec 2024 05:24

L&T's Data Centre business- L&T-Cloudfiniti onboards first major customer at centre located in Sriperumbudur near Chennai

Indian Stock News Channel

12 Dec 2024 04:41

STEEL EXCHANGE ; BOARD MEET ON 18 DEC TO CONSIDER FUND RAISING VIA EQUITY

Indian Stock News Channel

12 Dec 2024 04:19

GOPAL SNACKS ; UPDATA ON FIRE INCIDENT IN RAJKOT

Production activities have been scaled up at Modasa and Nagpur facilities to compensate for the current closure of the Rajkot I facility. Additionally, the Company is engaging with third-party manufacturers to the extent additional local capacity is required

The company's assets are fully insured, and the insurance provider has been notified of the incident.

All critical business systems, including SAP infrastructure, remain operational and secure, ensuring seamless business continuity without any data loss.

There has been no loss of data or disruption to our IT systems.

The Company is working diligently to restore operations at the Rajkot I facility at the earliest.
Copied from stockaajorkal telegram channel
Management is confident that this incident will have no significant long-term impact on the Company's operations or financial performance.

Indian Stock News Channel

12 Dec 2024 03:43

NASDAQ HIT ALL TIME HIGH

IT STOCKS IN FOCUS 👀

Indian Stock News Channel

12 Dec 2024 03:43

Agriculture, animal husbandry to play important role in economy in near future: Shivraj Chouhan

Indian Stock News Channel

12 Dec 2024 03:40

KOTAK SECURITIES ON BRAINBEES

Initiate Add with target price of Rs 630

India multichannel: Largest of its kind with increasing margin trajectory

Globalbees, a brand aggregator, has turned profitable and can scale up rapidly

Expect 17% revenue CAGR, 30% EBITDA CAGR over FY24-27

Indian Stock News Channel

12 Dec 2024 03:36

MACQUARIE ON L&T

MANAGEMENT MEET TAKEAWAYS

Maintain Outperform; 12 Month target price of Rs 4210

Middle East working capital terms continue to be favourable

Have moved senior management personnel to Middle East

Domestic state capex-L&T remains selective

Domestic central government capex expected to pick up in H2

Expects govt projects to continue bulk of order inflows (70-75%)

Indian Stock News Channel

12 Dec 2024 03:36

JEFFERIES ON MIDCAP

Key raw material prices trends-

Copper price dipped by 9% over Oct-mid Nov, but stabilizing since

Cable and Wire prices were cut 5% in mid November

Channel destocking could impact interim volumes

Copper stability can aid pick up with H2 capex recovery

Key plays are Havells, Finolex Cables and Polycab

PVC prices rose 5% over Oct-Nov to Rs 78/kg

Bode well for margins for Astral, Supreme Industries

Indian Stock News Channel

12 Dec 2024 03:36

GOLDMAN SACHS ON CONCOR

Maintain Sell, TP 710

Prefer Adani Ports

Earnings downgrades to continue

Weak growth for rail container traffic

Market concerns amongst rising competition

Indian Stock News Channel

12 Dec 2024 06:53

GILLETTE INDIA ; Sairamana Ponugoti resigns as Sales Head of P&G, effective Dec 31, 2024.

Rohini Venkateswaran, a seasoned leader managing Gulf operations, will take over on Jan 1, 2025.

Indian Stock News Channel

12 Dec 2024 06:48

TCS : TCS Signs Five-Year Deal with Telenor Denmark to Deliver IT Infrastructure Services

Indian Stock News Channel

12 Dec 2024 06:14

INTELLECT DESIGN; Incarnation Specialty selects Intellect’s end-to-end underwriting ecosystem, eMACH.ai Xponent, along with InsureMO's middleware capabilities, to manage and underwrite submissions

Indian Stock News Channel

12 Dec 2024 06:08

TATA COMM ; Tata Communications Readies Kaleyra AI: The Game Changing, AI-Powered Future of Customer Interactions

Indian Stock News Channel

12 Dec 2024 05:59

BIKAJI FOODS Says Increased Prices By 2-3%, See Further 2% Price Increase Due To Raw Material Inflation

Will take More Price Hike In Coming Days

Price Growth Will Be >4% By The End Of 2024

Unforeseen Palm-Oil Inflation Could Impact EBITDA Margins By 100 bps

Indian Stock News Channel

12 Dec 2024 05:49

TataCommunications launches AI Platform ‘Kaleyra AI for customer interactions

Indian Stock News Channel

12 Dec 2024 05:06

Nuvama Wealth Mgmt: 30 lakh shares (8.4% equity) worth ₹2,100 cr change hands at ₹7,025/sh

Indian Stock News Channel

12 Dec 2024 04:41

TATA CHEMICALS; Allied Silica Limited (ASL) and promoter Manmohan Singh Jain have filed a claim for INR 908 crore against the Company in arbitration for breach of contract. The Company expects a favorable outcome with no significant financial impact.

Indian Stock News Channel

12 Dec 2024 03:44

Gland Pharma receives USFDA approval for Phytonadione Injectable Emulsion. The Product Is indicated in coagulation disorders caused by VitaminK deficiency

Indian Stock News Channel

12 Dec 2024 03:43

Overweight Call On JSPL, Target At 1,200/Sh

Overweight Call On JSW Steel, Target At 1,150/Sh

Equal-Weight Call On Tata Steel, Target At 160/Sh

Underweight Call On SAIL, Target At `115/Sh

Indian Stock News Channel

12 Dec 2024 03:40

JP MORGAN-CEMENT CHANNEL CHECKS

North-Prices have not increased due to lack of demand

West-Prices have increased by Rs 15-20 Uncertaintiy

East-Demand remains weak and prices not increased

South-Increased by Rs 20-25 per bag, but upside uncertain

Prices should move up

Prefer Ultratech Cement, ACC

Indian Stock News Channel

12 Dec 2024 03:40

Ashwini Vaishnav,  Union Minister of Electronics and IT in Parliament emphasizes consensus on Social Media Accountability, & AI Governance

Minister said the Govt is Open to new law and regulations on AI

Indian Stock News Channel

12 Dec 2024 03:36

Nifty Top Contributors👇

Positive: INFOSYS +21, BAJAJ FINANCE +11, TRENT +9 Negative: RIL -10, HDFC BANK -8, SBIN -5

Indian Stock News Channel

12 Dec 2024 03:36

Sees value in transportation and energy linked projects

Key things to watch is scale up of electrolyzer, green hydrogen and data center related offerings

Scale up of semi-conductor foray

Indian Stock News Channel

12 Dec 2024 03:36

Today's Opening GMP

Vishal 23
Sai 29
Mobikwik 128
IGI 145
IKS 350