Stocks To Watch

Stocks To Watch

Biocon Limited has notified to the stock exchanges that the European Directorate for the Quality of Medicines & HealthCare (EDQM) conducted a GMP inspection of an API manufacturing site of Biocon Limited in Bangalore. There were no critical deficiencies and one deficiency cited under the category 'Major'. – positive

 

Sterlite Technologies (STL) announced a partnership with Vocus Group for Project Horizon in Western Australia. STL will supply high-strength optical fibre cables for Vocus' inter-capital network extension projects as part of the cooperation – Positive

 

Hindustan Unilever - company reduced the cost of some soap brands by up to 15% as palm oil and other raw materials become more affordable. – positive

 

Macrotech Developers – Company added four land parcels in the Mumbai and Pune regions during the last quarter in order to create home projects with a Rs 3,100 crore revenue potential. - positive

 

Gensol Engineering business Update  - Revenue jumps approx. 5.5x in H1 FY23. Revenue for H1 FY23 to be around Rs 180 cr vs Rs 33 crore in H1 FY22. Results illustrate the ongoing positive momentum in this business and remains optimistic about the remaining period of this fiscal. Company is expecting the same growth at the end of ongoing fiscal.- positive but it has already run up

 

Aurionpro has bagged a prestigious project as the Data Center Consultant for a leading financial Institution in India.- positive

 

EKI Energy -  Leading developer and supplier of carbon credits across the globe - EKI Energy restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country's Minister for Power and New & Renewable Energy - Shri RK Singh.- positive

 

Vikas Lifecare has acquired 30% stake in the Ardh Sainik Canteens in an all-cash deal of Rs150 Million from its existing stake holders.- positive

 

Artson Engineering received purchase order worth Rs 42.76 crore – positive

 

Gravita India announced that its step-down subsidiary situated in Senegal, West Africa started commercial production of Aluminium from a new recycling plant with an annual capacity of around 4,000 MTPA.- positive

 

Ramkrishna Forgings got exports order worth Rs 131.5 crore ($15.9 million) order for its application in North America HCVs from a Tier 1 Rear & Front Axle manufacturer customer in the auto segment.

 

Mold-Tek Packaging Gets LoA From Grasim Industries - Birla Paints Division worth Rs30cr – positive

 

IDBI Bank: The financial bids for IDBI Bank privatisation are likely to be invited by March and the conclusion of the sale process is expected by September 2023 – Stock gained 10% yesterday ahead of disinvestment – positive

 

Tata Motors’s global wholesales of passenger vehicles in the second quarter rose 43% y/y to 232,750 units – Lower than expectation

 

Adani Group Report of Plan to Raise $10 Billion – Media report that the company is looking to raise at least $10 billion to fund its expansion in clean energy and ports.  Billionaire Gautam Adani and his family are in early talks with investors including Singapore’s sovereign wealth fund GIC Pte and Temasek Holdings Pte for the fundraising, the report said – positive

 

Loyal Equipment gets Rs15.1cr order from GAIL India – Positive

 

Tejnaksh Healthcare commences operations of URAN Hospital – positive

 

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, announces the launch of Consumerisation of Commercial Banking (COCB) at Sibos 2022. – Positive

 

Paytm Loan Disbursals Q2 Business Update - Quarterly loans disbursed by value stood at Rs 7,313 crore, up 32% from June 2022, Deployed 48 lakh new payments devices, as of September 2022, added 10 lakh new devices in Q2 Monthly transacting users rose to 8 crore as of September 30, from 7.5 crore as of June 30, Merchant gross merchandise value rose 7.4% sequential to Rs3.18 lakh cr – impressive growth – positive