
Hensex Securities Research
February 21, 2025 at 03:35 AM
*🇮🇳India Daybook – Stocks in News*
*V.L. Infraprojects:* Company has secured a significant contract for a water infrastructure project in Gujarat, Project Value of Rs 214.92 Cr. (Positive)
*Crompton Greaves Consumer:* Company announced the launch of its "TechWithHeart" initiative, showcasing new energy-efficient and smart product lines. (Positive)
*NTPC Green:* Company in pact with Bharat Light to explore offtake of green hydrogen. (Positive)
*Lemon Tree:* Company subsidiary received an arbitration award for Rs. 11.47 Cr in a claim against Hind Inns & Hotels Ltd. and Hind Motors. (Positive)
*ITI:* Company gets initial tranche of ₹100 crore from C-DoT for land at Electronic City, Bangalore. (Positive)
*RVNL/HFCL:* In a consortium signed a Project Implementation Agency (PIA) agreement with BSNL on Feb 20, 2025, for Packages 6 (UP W) & 3 (UP E) of BSNL's tender. (Positive)
*ACE:* Company secures ₹420 crore contract from Ministry of Defence. (Positive)
*Coforge:* Company acquires Xceltrait Inc. for $17.85 million. (Positive)
*Cipla:* Company receives USFDA approval for Nilotinib Capsules. (Positive)
*Senores:* Company acquires ANDA for Roflumilast tablets. (Positive)
*Kamat Hotels:* Company signed management agreement for Orchid Hotel, Mandavi. (Positive)
*Delta Corp:* Company has signed a deal to sell Deltatech Gaming (Adda52) to Head Digital Works (A23) for Rs 491 crore (Positive)
*Solarium Green:* Company wins two orders worth Rs 72 crore. (Positive)
*ISGEC:* Nippon India Smallcap Fund bought 832923 at Rs. 915.0 of the company. (Positive)
*Sai Life:* Smallcap World Fund bought 1055329 at Rs. 684.9 of the company. (Positive)
*Windlas Biotech:* Ajay Aggarwal bought 144995 at Rs. 787.4 of the company. (Positive)
*Thomas Cook:* Company, SOTC Travel, Fairfax Digital Services, LTIMindtree & Voicing.AI collaborate to build India’s first multi-modal, multi-lingual, agentic voiceenabled, GenAI advisor – Dhruv (Positive)
*ONGC:* Company eyes 60% output boost at Mumbai High via BP tie-up: Arun Kumar Singh. (Positive)
*Narayana Hrudayalaya:* Company announced the foundation stone laying ceremony for a new 1,100-bed hospital in Kolkata, named Narayana Health City, Kolkata. (Positive)
*JM Financial:* Company Gets Tax Department Order for Refund of Rs 230 Cr for Assessment Year 2008-09. (Positive)
*LIC:* Dinesh Pant, Ratnakar Patnaik have been appointed managing directors in Company. (Neutral)
*CDSL:* Company and National Securities Depository Limited have launched the unifying features in the investor apps of CDSL and NSDL (Neutral)
*Josts Engineering:* Company entered into a Trademark License Agreement with its wholly-owned subsidiary, JECL Engineering Limited. (Neutral)
M&M:* To subscribe to the Equity Shares of MMFSL and MLDL to the full extent of the Company’s Rights Entitlement upto Rs 3000 crore (Neutral)
*M&M Financial:* Company to raise up to Rs 3,000 crore via rights issue. (Neutral)
*Kotak Mahindra:* S&P affirms ratings; outlook positive. (Neutral)
*BSE Ltd:* Company announced the resignation of Sameer Patil as Chief-Special Projects, effective May 21, 2025. (Neutral)
*Power Finance Corp:* Company incorporates new unit Kakinada I Transmission. (Neutral)
*Kotak Mahindra Bank:* Appoints Vyomesh Kapasi as Head of Products - Consumer Bank. (Neutral)
*Parag Milk:* Company received penalty orders from the Income Tax Department, Central Range 2, Pune. Penalties totaling Rs. 10.57 Cr were levied (Neutral)
*TGB:* Company received a GST order imposing a demand of Rs. 5.16 Cr (including tax, interest, and penalty) on various GST issues. (Neutral)
*Tata Steel:* Company acquires equity stake in T Steel Holdings for $300 Million. (Neutral)
*Brainbees Solutions:* Company Secretary and Compliance Officer, Ms. Neelam Jethani, resigned, effective March 15, 2025. (Neutral)
*Grindwell:* Appoints Venugopal Shanbhag as Managing Director of the company w.e.f. April 1, 2025 (Neutral)
*Repco Home Finance:* Company’s Managing Director & CEO, Mr. K.Swaminathan, tenure ends today, Feb 20, 2025. (Neutral)
*Vedanta:* Company approves debt raising of Rs 2,600 cr (Neutral)
*HG Infra:* Company has completed the sale of its entire 100% equity stake in Rewari Bypass Private Ltd to Highways Infrastructure Trust (Neutral)
*Samvardhana Motherson:* Company has incorporated a wholly owned subsidiary, Motherson Treasury Strategy Limited, in Abu Dhabi Global Market (Neutral)
*Bharat Electronics:* Company has received reaffirmed credit ratings from ICRA, ICRA reaffirmed the AAA (Stable) rating for Rs. 500 crore. (Neutral)
*Indian Overseas Bank:* SEBI issues administrative warning (Neutral)
*CIE Automotive:* Net profit at Rs. 185 cr vs estimates Rs 202 cr, Revenue at Rs. 2110 cr vs Rs 2134 cr (YoY) (Neutral)
*Sanofi:* Net profit at Rs. 44.3 cr vs estimates Rs 67.9 cr, Revenue at Rs. 178 cr vs Rs 220 cr (YoY) Company to acquire controlling stake in Opella Healthcare. (Neutral)
*CIPLA:* USFDA Inspection at Analytical Testing Facility of Sitec in Mahape, Navi Mumbai, 2 observations noted (Neutral)
*FMCG stocks:* Indian refiners have cancelled orders for 70,000 metric tons of crude palm oil (CPO) scheduled for delivery between March and June (Negative)🪴