Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
ABB India Q4CY24 (YoY)
Profit zooms 56% to Rs 528.4 crore Vs Rs 338.7 crore
Revenue grows 22% to Rs 3,364.9 crore Vs Rs 2,757.5 crore
EBITDA jumps 57.6% to Rs 657.3 crore Vs Rs 417.2 crore
Margin expands 440 bps to 19.5% Vs 15.1%
ABB announces final dividend of Rs 33.50 per share
Stocks To Watch
Promoter entity Indian Continent Investment is likely to sell a 0.8% stake in Airtel via block deals, reports CNBC-TV18 quoting sources. The offer price for the deal may be Rs 1,658.80 per share.
The company has executed a license agreement with Marelli Suspension Systems Italy S.p.A (Marelli Italy) for the grant of a license to manufacture, assemble, sell, distribute, and market certain products in India using technical information provided by Marelli Italy. Additionally, it has signed a technical assistance agreement with Marelli Italy for receiving technical assistance and support.
The company has signed a Joint Venture Agreement with Uno Minda Auto Innovations, Suzhou Innovance Automotive Co., and Innovance Automotive (HK) Investment Co. for the development and manufacturing of high-voltage powertrain products for 4-wheeler passenger vehicles (PV) and commercial electric vehicles.
Deepak Fertilisers & Petrochemicals Corporation
The company's subsidiary, Deepak Mining Solutions, has increased its shareholding in its Australian subsidiary, Platinum Blasting Services Pty Limited, from 65% to 85% by buying shares from other existing shareholders for 11.78 million AUD (Rs 64.1 crore).
Krishna Institute of Medical Sciences
KIMS has taken over the operations and management of UAIMS Hospital (Ushahkal Abhinav Institute of Medical Sciences) in Sangli, Maharashtra. This strategic partnership will also enable KIMS to exercise a call option (not an obligation) to acquire a majority stake in UAIMS Hospital in the coming years. The new entity will be known as KIMS-UAIMS Hospital.
SBI Cards and Payment Services
The Board has approved the appointment of Salila Pande as Managing Director & CEO (nominated by State Bank of India) for two years, effective April 1, 2025, subject to necessary approvals. This follows the superannuation of Abhijit Chakravorty from the services of State Bank of India, effective March 31, 2025. Additionally, the Board has declared an interim dividend of Rs 2.50 per equity share for FY25.
The omnichannel travel services provider, along with its group company SOTC Travel, has signed an agreement with Malaysia's Sabah Tourism Board. This collaboration will focus on destination knowledge, curating inspiring content, education, training and familiarization programs, and joint marketing to position Sabah as a top-of-mind destination across India’s metro, mini-metro, and Tier 2 and 3 markets.
Passenger traffic in January 2025 grew by 11% YoY to 1.06 crore, but it was down by 2% compared to the previous month (December 2024). Domestic passenger traffic increased by 11%, and international passenger traffic rose by 12.4% YoY. Aircraft movements in January increased by 9% YoY to 63,767, but decreased by 1% compared to the previous month.
Container freight station (CFS) volumes in January 2025 increased by 11% YoY and 4% MoM to 53.8 ‘000 TEUs, driven by exports.
The company's subsidiary, Paytm Services, has signed a partnership with SBI Mutual Fund to launch the JanNivesh Rs 250 SIP, in line with the Government of India’s vision for a Viksit Bharat, enabling financial inclusion and empowering citizens to invest in their future.
The food delivery giant has introduced Nugget, an AI-native, no-code customer support platform. Nugget is the first product from Zomato Labs. Zomato is now opening Nugget for businesses worldwide.
Amit Saraf has resigned from the position of Chief Financial Officer of the company, effective February 15.
The company's subsidiary, Anant Raj Cloud, has signed an agreement with CSC Data Services India to jointly offer and promote the rack rental business (co-location data center) and cloud services. The scope of this strategic agreement is to establish the general technical and business relationship between the parties for sovereign data centre and cloud services.
The bank has identified certain deficiencies in the reconciliation process during the review of suspicious UPI Global transactions. These findings would not impact the bank's operations or customer servicing.
Transformers and Rectifiers (India)
The company's subsidiary, TARIL Switchgear, has launched the 245 kV high-voltage bushings. This is in line with the group's commitment to backward integration.
The company, along with one of its promoters and certain other individuals, has been included as noticees in a Show Cause Notice issued by the Adjudicating Officer appointed by the Securities and Exchange Board of India (SEBI) regarding certain trading transactions in the scrips of another BSE-listed company.
Bulk Deals
Morgan Stanley IFSC Fund sold 7,58,091 equity shares in the company at an average price of Rs 588.74 per share on the listing day.
Investor M Prasad & Co. sold 5,00,988 equity shares in Nazara at an average price of Rs 920.05 per share.
Block Deals
TVS Motor Company bought 20 lakh shares in TVS Supply at an average price of Rs 128.86 per share from investor Allanzers Fin Net.
Stocks Trade Ex-Dividend
Bharat Forge, Hindustan Aeronautics, Saven Technologies, Amrutanjan Health Care, Carborundum Universal, Fineotex Chemical, Gillette India, Greenpanel Industries, Honda India Power Products, IOL Chemicals, KP Energy, KPI Green Energy, KSE, Maithan Alloys, Natco Pharma, NBCC (India), NCL Industries, Precision Wires India, Saraswati Saree Depot, Suprajit Engineering, United Drilling Tools
Stock Trades Ex-Date for Split
Conart Engineers
Stocks Trade Ex-Bonus
Gujarat Toolroom, Kothari Products
F&O Ban
Deepak Nitrite, Manappuram Finance
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