Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, appointments, and fund raising, here’s a quick look at which stocks will be in focus in today's trade:
Gem Aromatics
Sugs Lloyd
Stocks to Watch
The Board has approved a proposal to buy back equity shares worth Rs 18,000 crore at Rs 1,800 per share, comprising the purchase of 10 crore shares (2.41% stake).
Additionally, the company announced a strategic alliance with NYSE-listed HanesBrands Inc, a global leader in everyday iconic apparel. Under this ten-year engagement, the company will serve as HanesBrands’ strategic collaborator across their digital, business applications, and data landscape.
Canara Robeco Asset Management Company, a subsidiary of Canara Bank, has received an observation letter from the Securities and Exchange Board of India (SEBI) dated September 10, for filing the Red Herring Prospectus (RHP) to float an IPO.
The real estate developer has signed a Memorandum of Understanding (MoU) worth Rs 30,000 crore with Lodha Developers for setting up a data centre park in Palava. Combined investments of over Rs 30,000 crore are anticipated from Lodha and various data centre players in this park.
The company has signed an MoU with Windracers, the UK-based manufacturer of dual-use heavy-lift drones, to collaborate on the deployment, localisation, and application of Windracers ULTRA Unmanned Aerial Vehicle (UAV) across India.
Additionally, Abu Dhabi–based MP3 International, a GRADEONE subsidiary, has signed an agreement with Kalyani Strategic Systems, a wholly-owned subsidiary of Bharat Forge, for the supply of artillery system critical spare parts to the UAE.
Consolidated Construction Consortium
The company has bagged orders worth Rs 180 crore from various clients under the buildings and factories division during the period July 12–September 11. With this, the order backlog stands at Rs 652 crore.
The company has signed an MoU with Rajasthan State Industrial Development & Investment Corporation (RIICO) for the development of Rajasthan Mandapam and allied infrastructure projects near Jaipur International Airport. The project is valued at Rs 3,700 crore.
The company’s subsidiary JBM Ecolife Mobility has secured a $100 million long-term capital investment from the International Finance Corporation (IFC). The investment will finance the deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat.
The company, through its subsidiary JSW Port Logistics, has announced the acquisition of a brownfield rail siding for Rs 57 crore in Ballari (Karnataka). The site spans over 86 acres and was previously owned by Hothur Ispat.
The company has entered into a definitive agreement to acquire the remaining 46.02% stake in HW Wellness Solutions (owner of the brand True Elements) from its founders and other shareholders for Rs 138 crore.
On May 23, 2022, the company had acquired 53.98% stake in HW Wellness, thereby making it a subsidiary.
The United States Food and Drug Administration (USFDA) conducted a general current Good Manufacturing Practices (cGMP) audit at the company’s API manufacturing facility (API Unit-1) at Jaggaiahpet, Andhra Pradesh, from September 8–11, which concluded with zero Form 483 observations.
The Financial Services Institutions Bureau (FSIB) has recommended Ravi Ranjan as the new Managing Director of SBI.
The company’s subsidiary, Mahindra Holdings, has acquired the entire stake from Prudential Management & Services in Mahindra & Mahindra Contech and PSL Media & Communications. Following the acquisition, both Mahindra & Mahindra Contech and PSL Media will become direct subsidiaries of Mahindra Holdings.
The Supreme Court has dismissed the civil appeals filed by the Distribution Licensees of Haryana and GRID Corporation of Odisha (GRIDCO). The court upheld the Tribunal’s judgment dated December 20, 2019, confirming GMR Kamalanga Energy’s position that linkage coal is to be allocated on a pro-rata basis among the project beneficiaries.
The company has successfully commissioned 317 MW of renewable energy capacity, comprising 240 MW hydro, 34 MW solar, and 43 MW wind, taking the total installed capacity to 13.097 GW.
The company has received a Letter of Award for the setup, operations, maintenance, and management of food and beverage outlets, lounge, and bar at the Domestic Terminal (T1) of Cochin International Airport.
The bank has reduced the Marginal Cost of Funds-based Lending Rate (MCLR) by 5 basis points in the overnight, one-year, two-year, and three-year tenors, effective September 15, while keeping the one-month, three-month, and six-month tenors unchanged.
The company has received a work order worth Rs 32.51 crore from Panvel Municipal Corporation, and another project worth Rs 70.94 crore from Nashik Municipal Smart City Development Corporation.
Atul Garg has resigned as Chief Financial Officer of the company, effective September 11. The Board has appointed Naveen Kumar Laroiya as the new CFO, effective the same date.
The company has signed an MoU with Khanij Bidesh India to collaborate in the identification, acquisition, and development of critical and strategic mineral projects on a global scale.
The company has received a purchase order from the Central Medical Services Society, Ministry of Health, for the supply of ultraportable handheld X-ray machines and related utilities worth Rs 82.89 crore.
The Board will meet on September 16 to consider and approve raising funds through debentures.
The company has received a Letter of Intent for a contract worth Rs 158.68 crore from the Director General of Police, Maharashtra State, for the supply and maintenance of CCTNS IT infrastructure and peripherals across Maharashtra police establishments.
The company has decided to revise prices of its products across the Sofas & More retail format, effective September 12. The price decrease is primarily in anticipation of the upcoming festive season.
Bulk Deals
HDFC Mutual Fund continued to be a seller in Bajel Projects, the power transmission and distribution infrastructure services provider, for the second consecutive session, offloading 21,96,288 shares (1.9% stake) for Rs 42.86 crore.
SME Listing on September 12
Austere Systems
Sharvaya Metals
Vigor Plast India
Stocks Trade Ex-Dividend
Mastek
Krsnaa Diagnostics
Mamata Machinery
Akar Auto Industries
ABC India
Advait Energy Transitions
Amines & Plasticizers
Artefact Projects
Basant Agro Tech India
Mrs Bectors Food Specialities
Bhansali Engineering Polymers
Bharat Rasayan
Birla Precision Technologies
Caplin Point Laboratories
Ceejay Finance
Cindrella Hotels
Cochin Shipyard
Coral India Finance
CSL Finance
Dhanalaxmi Roto Spinners
Dutron Polymers
Emmbi Industries
Everest Industries
Fineotex Chemical
Gallantt Ispat
Gujarat Industries Power Company
Garden Reach Shipbuilders
Halder Venture
HBL Engineering
HeidelbergCement India
IL&FS Investment Managers
Jagsonpal Pharmaceuticals
Jaysynth Orgochem
JTL Industries
Kajaria Ceramics
Kanchi Karpooram
Kiran Vyapar
KP Energy
KP Green Engineering
KPI Green Energy
Krypton Industries
KSE
Krishanveer Forge
Lincoln Pharmaceuticals
Manba Finance
Magellanic Cloud
MPIL Corporation
National Fittings
Network People Services Technologies
Northern Spirits
Panchmahal Steel
Polymechplast Machines
Pyramid Technoplast
Reliable Data Services
Remsons Industries
Responsive Industries
Rhi Magnesita India
RJ Shah & Company
Rushil Decor
Salona Cotspin
Sandhar Technologies
Sangam India
Sanghvi Movers
Sanrhea Technical Textiles
Suratwwala Business Group
Ventura Guaranty
Spenta International
Sunflag Iron & Steel Company
Supershakti Metaliks
Suryaamba Spinning Mills
Systematix Corporate Services
Talbros Automotive Components
Tatva Chintan Pharma Chem
Techno Electric & Engineering
Texmaco Infrastructure
Uttam Sugar Mills
Vadilal Industries
Vardhman Holdings
VLS Finance
Vardhman Special Steels
Vardhman Textiles
Zodiac Energy
Stock Trades Ex-Date for Split
Fischer Medical Ventures
Stock Trades Ex-Date for Rights
New Delhi Television
Stocks Trades Ex-Bonus
Regis Industries
Stellant Securities
Stocks in F&O ban
Oracle Financial Services Software
RBL Bank
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