RASHI INVEST | Stock Market | Current News
RASHI INVEST | Stock Market | Current News
February 18, 2025 at 03:00 AM
The Market Outlook: 🇮🇳 *India Daybook – Stocks in News* *ABB:* Net profit at Rs. 528.4 cr vs Rs 338.7 cr, Revenue at Rs. 3365.0 cr vs Rs 2758.0 cr (YoY) (Positive) *Anant Raj:* Company partners with CSC Data Services for data centre and cloud solutions (Positive) *Adarsh Mercantile:* Company is the target of an open offer. Six individuals (Acquirers) are seeking to acquire up to 26% of the company’s emerging equity and voting share capital. (Positive) *NTPC:* Company plans to spend $62 bn on 30 GW of nuclear power over 2 decades, 3 times more than expected. (Positive) *Sterlite Power:* Company commissions Nangalbibra - Bongaigaon transmission line. (Positive) *LTIMindtree:* Company partners with Greece’s Eurobank for multi-year banking tech revamp. (Positive) *Allcargo Terminals:* Company’s January Business Update | CFS Volumes Up 11% YoY & Up 4% MoM at 53.8 TEUs. (Positive) *Uflex:* Company is investing over Rs 750 crore to set up a woven polypropylene bags manufacturing plant in Mexico. (Positive) *Uno Minda:* Company approved a joint venture with Suzhou lnovance Automotive Co. Ltd for powertrain projects. (Positive) *Thomas Cook:* Company announced a partnership with Sabah Tourism Board to increase Sabah (Malaysia) tourism from India. (Positive) *Biocon:* Company announced the record date for the maturity of its Rs. 570 Cr Commercial Paper. The maturity date is April 29, 2025. (Positive) *DCX Systems:* Company is establishing new manufacturing units in Bengaluru for Cable & Wire Harness Assemblies, Printed Circuit Board Assemblies, and Electronic Sub-Assemblies. (Positive) *Bharat Forge:* Company unveils Marg 45 Cal Mounted Gun System (Positive) *G R Infraprojects:* Company has completed the 4-laning project of the Ujjain-Badnawar section of NH-752D. (Positive) *CLN Energy:* Company has received a Purchase order for supply of Lithium Ion Batteries totaling to Rs 77 Crores approx. (Positive) *KIMS:* Company has acquired and will manage UAIMS Hospital in Sangli, Maharashtra. (Positive) *Advanced Enzymes:* CRISIL has upgraded ratings for Short-Term debt instruments/facilities (Positive) *Sharika Enterprises:* Company has signed Joint Venture agreement with SPIN Engenharia and Nayon Kontrol System specializing in advanced automation and control systems for the energy sector. (Positive) *Deepak Fertilizer:* Deepak Mining Solutions increases stake in Platinum Blasting Services to 85%. (Positive) *City Union Bank:* Bank opened 4 new branches on February 17, 2025. The bank now has a total of 839 branches. (Neutral) *Emami Ltd:* Company announced the resignation of Sandeep Kr. Sultania, Company Secretary &Compliance Officer, and VP – Sales Commercial, effective February 28, 2025. (Neutral) *Bharti Airtel:* Company redeemed USD 1,000 million 1.50% Foreign Currency Convertible Bonds (FCCBs) due 2025. (Neutral) *Zomato:* Company unveils AI customer support platform ‘Nugget’, an AI-Native, no-code customer support platform. (Neutral) *Paytm:* Company partners with SBI Mutual Fund to launch Jan Nivesh Rs 250 SIP. (Neutral) *LIC India:* Company launches new product 'LIC's Smart Pension', available for sale effective February 18. (Neutral) *SBI Cards:* Company declares ₹2.50 interim dividend, appoints Salila Pande as MD and CEO. (Neutral) *GMR Airports:* Company’s January passenger traffic rises 11% on-year, down 2% MoM at 1.06 crore. (Neutral) *Bajaj Consumer:* Company will acquire rival Vishal Personal Care at an enterprise value of Rs 108.3 crore. (Neutral) *Dr Agrawal’s:* Crisil Ratings Limited reaffirmed the credit rating of Dr. Agarwal's Health Care Ltd. at Crisil A+ Stable. (Neutral) *ICICI Pru:* Company has received an demand order with Rs 190 crore GST from Deputy Commissioner of State Tax, Maharashtra State (Neutral) *Route Mobile:* Company received orders from the CGST authority with demand amounts to Rs.54.12 Crores (Neutral) *Kirloskar Brothers:* Company has received an demand order with Rs 15 crore GST from Assistant Commissioner, Dwarakanagar Circle, Vishakhapatnam (Neutral) *Great Eastern Shipping:* Company has cancelled the proposal for early redemption of Rs. 150 crore debentures. (Neutral) *Electronics Mart:* Company has opened a new Bajaj Electronics multi-brand store on Feb 17, 2025, in Khammam, Telangana. (Neutral) *Vedanta:* Creditors meet today to vote on India demerger plan (Neutral) *Bharti Airtel:* Set for block deal today; Promoter to sell 0.8% stake for Rs 8,000 crore (Neutral) *Astron Paper:* Net Loss at Rs 26.2 cr vs Rs 1.0 cr, Revenue at Rs. 1.3 cr vs Rs 73.6 cr (YoY) (Negative) *AGS Transact:* Company reports Rs 1,652 Mn loss for 9MFY25. (Negative) *Karnataka Bank:* Identifies certain deficiencies in reconciliation process during review of suspicious UPI Global Transactions (Negative)

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