Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
GST reforms reduce rates to 5% for 40% of HUL’s portfolio
Company expects consolidated business growth to be near flat to low-single digit for Q2FY26
Company anticipates recovery starting November as prices stabilise, underpinned by rising disposable incomes and ongoing portfolio transformation actions
Amanta Healthcare Q2 (YoY)
Profit stands at Rs 3.5 crore Vs loss of Rs 0.36 crore
Revenue falls 4.1% to Rs 65.3 crore Vs Rs 68.1 crore
Stocks to Watch
The company's subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway, has received the ‘appointed date’ from the National Highways Authority of India (NHAI) for a project worth Rs 981 crore. The project involves the development of a 6-lane access-controlled Ludhiana–Bathinda Greenfield highway section in Punjab on Hybrid Annuity Mode under Bharatmala Pariyojna Phase-I (Package 2).
Additionally, Ceigall India (CIL) has announced that its joint venture with JSP Projects (CIL holding 80% and JSPPPL 20%) has received a Letter of Award (LOA) from the Greater Mohali Area Development Authority (GMADA) for an infrastructure development project worth Rs 509.20 crore. The project is to be executed within 24 months under an item-rate contract.
The company has signed a new Long-Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries, Japan, valued at Rs 651 crore, for the supply of highly engineered and complex rotating and stationary airfoils for advanced gas and thermal power turbine engines to meet their global demand in the power generation industry.
The company, through its subsidiary PG Technoplast, has acquired a 50-acre land parcel in Sri City, Andhra Pradesh. It plans to invest around Rs 1,000 crore in developing a manufacturing campus over the next five years.
The pharma company has entered into a Business Transfer Agreement with Alkem Wellness, effective October 1. It will transfer the trade generics business as a going concern, on a slump sale basis, to its subsidiary, Alkem Wellness.
The company has made a further investment of Rs 300 crore in its subsidiary, Shriram Overseas, by subscribing to 1,90,25,000 equity shares through a rights issue, with the objective of strengthening its capital base.
Shareholders have appointed Neelendra Singh as Managing Director of the company, and Kapil Sharma as Executive Director and Chief Financial Officer, for a term of five years effective October 1 this year. They also appointed Patanjali Govind Keswani as Executive Director and Chairman for 18 months, effective October 1.
The company has entered into a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI) for setting up manufacturing and upstream innovation facilities at an estimated investment of Rs 960 crore.
The company has entered into a Tripartite Memorandum of Understanding (MoU) with Bharat Forge and Data Patterns (India). They will support the Advanced Medium Combat Aircraft (AMCA) programme and participate in the Expression of Interest (EoI) floated by the Aeronautical Development Agency (ADA).
The company has executed a definitive agreement for acquiring a 76% stake in Racemosa Energy (India) for Rs 53 crore.
The company has signed a SaaS Partnership Agreement with IDFC First Bank, under which it will offer SaaS solutions to the bank’s corporate customers.
PB Balaji has resigned as Group Chief Financial Officer of the company, effective November 17 this year, and will join as Chief Executive Officer of Jaguar Land Rover Automotive Plc, UK, on the same date.
Further, the Board has appointed Dhiman Gupta as the Chief Financial Officer of the company effective the same date, and Shailesh Chandra as an Additional Director, Managing Director & CEO of the company, effective October 1, for a period of three years. Shailesh Chandra will continue to be the Managing Director of Tata Passenger Electric Mobility.
Girish Wagh has resigned as Executive Director of the company effective October 1 and will join the Board of TML Commercial Vehicles as an Additional Director, Managing Director & CEO.
The company has reported the occurrence of natural gas in its second exploratory well, Vijayapuram-2 (Loc. OAEA), drilled in the Offshore Andaman Block.
Anil Somani has resigned as Chief Financial Officer (CFO) of the company effective October 9, but will continue to serve the company on special projects. The Board has appointed Jayantt Bhalchandra Manmadkar as Chief Financial Officer of the company, effective October 10.
The company has entered into a Memorandum of Understanding (MoU) with Adani Infra (India) to collaborate as an execution partner under an Early Engagement Model for five years. Under this arrangement, Vascon will be associated with Adani on selected earmarked projects right from the design stage, thereby ensuring seamless integration of design and execution. At present, three projects totaling approximately 13.15 million square feet have already been identified under this model in Mumbai.
The company's subsidiary, Deepak Chem Tech, has commissioned its hydrogenation plant at Dahej, Gujarat. The total capital expenditure incurred for the same is approximately Rs 115 crore.
Power Grid Corporation of India
The Board has approved two new projects worth Rs 705.5 crore. Under the first project, worth Rs 209.68 crore, the company will implement a VOIP Communication System for Grid Operation for all five regions. Under the second project, worth Rs 495.83 crore, it will implement Disaster Preparedness of Transmission Infrastructure: Procurement of 20 sets (300 towers) of Emergency Restoration System (ERS) under the Make in India initiative.
The Board has appointed Siddharth Sipani as the Chief Financial Officer (CFO) of the company effective September 27, following the resignation of Mangesh Ramesh Chauhan from his role as CFO.
Chambal Fertilisers & Chemicals
The Joint Commissioner, CGST & Central Excise, Patna, has imposed a penalty amounting to Rs 526.84 crore on alleged GST liability on the subsidy receivable from the Government of India on fertilisers and for the wrong availment of ITC pertaining to FY 2018–19 to FY 2022–23.
The company informed exchanges that six employees died and six were injured due to the collapse of the refractory side wall of the travelling grate of the iron ore pellet plant at Siltara in Raipur.
The company will invest Rs 100 crore in its new plant in Andhra Pradesh to enhance capacity for multi-storey steel buildings, data centres, semiconductor, electronics, and battery plants.
The Board has approved the re-appointment of Angan Guha as Chief Executive Officer & Managing Director of the company for a further period of two years, commencing from December 1 this year.
Gujarat Narmada Valley Fertilizers & Chemicals
The company has resumed operations at its TDI-II plant in Dahej after the completion of necessary checks and remedial measures. The plant was shut down due to a gas leak.
The UK government has agreed to support cyber attack-hit Jaguar Land Rover with a loan guarantee of 1.5 billion pound.
Bulk / Block Deals
BEL, Bharti Airtel, Eternal, Paytm, Hero MotoCorp, Varun Beverages, Axis Bank, Kotak Bank, Godrej Properties, Shriram Finance
Morgan Stanley has acquired a small stake worth Rs 201.3 crore in 10 companies - Bharat Electronics, Bharti Airtel, Eternal, Paytm, Hero MotoCorp, Varun Beverages, Axis Bank, Kotak Mahindra Bank, Godrej Properties, Shriram Finance, from Goldman Sachs.
Promoter group entities offloaded a 6.22% stake in VIP for Rs 343.2 crore, with Kiddy Plast selling 10.87 lakh shares at Rs 388 per share, and Piramal Vibhuti Investments selling 77.5 lakh shares at Rs 388.25 per share.
However, Multiples Private Equity Gift Fund IV and Samvibhag Securities acquired 82.2 lakh shares (5.85% stake) in VIP Industries at Rs 388 per share for Rs 319.07 crore.
Mainboard Listing
Atlanta Electricals
Ganesh Consumer Products
SME Listing
Prime Cable Industries
Stock Trade Ex-Date for Reduction of Capital
Seshachal Technologies
Stock in F&O ban
RBL Bank
Stock Out of F&O ban
Sammaan Capital
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