Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
International Gemmological Institute India, Ansal Properties & Infrastructure, Foseco India, and Rana Sugars will announce their earnings scorecard on February 28.
Sanofi India Q4 (Standalone YoY)
Profit zooms 31% to Rs 91.3 crore Vs Rs 69.7 crore
Revenue rises 9.7% to Rs 514.9 crore Vs Rs 469.2 crore
Sanofi recommends final dividend of Rs 117 per share
Schaeffler India Q4 (Consolidated YoY)
Profit grows 13.2% to Rs 237.3 crore Vs Rs 209.6 crore
Revenue jumps 14% to Rs 2,136 crore Vs Rs 1,874.6 crore
Company recommends dividend of Rs 28 per share
KSB Q4 (Consolidated YoY)
Profit jumps 33.2% to Rs 73.1 crore Vs Rs 54.9 crore
Revenue increases 20.5% to Rs 726.4 crore Vs Rs 602.6 crore
Company recommends final dividend of Rs 4 per share
Stocks To Watch
Naveen Kukreja has decided to step away from running Paisabazaar operationally and will take on the role of Group President at PB Fintech. He will also advise on the future strategy for Paisabazaar. Paisabazaar Marketing and Consulting has appointed Santosh Agarwal as Chief Executive Officer and Neeraj Tripathi as Chief Financial Officer, effective March 1. Vivek Audichya has resigned from the position of Chief Financial Officer of Paisabazaar, effective February 28. Additionally, Policybazaar Insurance Brokers has appointed Vivek Audichya as Chief Financial Officer, effective April 1, following the resignation of Ashutosh Mishra as Chief Financial Officer, effective March 31.
US-based Children’s Minnesota has selected HCL Technologies to improve its operational efficiency, streamline service delivery, and enhance patient care through AI.
The company's solar manufacturing subsidiary, TP Solar, has received a Rs 632 crore contract from the Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp DCR (Domestic Content Requirement) solar modules.
The company has secured new orders worth Rs 2,752 crore, primarily in the transmission and distribution business. With these orders, its year-to-date order inflows have crossed Rs 7,400 crore.
The company has received an additional contract worth Rs 273.5 crore from Greenko KA01 IREP. The orders involve the engineering, manufacturing, procurement, supply, installation, and testing of electromechanical equipment for an additional unit of 320 MW at the Saundatti PSP. In April 2022, GE Power had won a contract worth Rs 863.4 crore from Greenko KA01 IREP.
A Singrauli Punarasthapan charge of Rs 300 per tonne, over and above the notified price of coal, will be levied uniformly across all mines of Northern Coalfields (the company’s subsidiary) effective May 1. The expected additional revenue will be around Rs 3,877.50 crore.
The US Food and Drug Administration (US FDA) has issued a warning letter to Granules’ Gagillapur facility based on its inspection conducted in August 2024. The FDA has not indicated any further escalation. Granules stated that the manufacturing and distribution of existing products from the Gagillapur facility continue unaffected. However, the warning letter may temporarily impact the FDA review of pending product submissions from this site until the issue is resolved.
Servotech Renewable Power System
The company has signed an MoU with the Chamber of Indian Micro, Small, and Medium Enterprises (CIMSME) to significantly boost the adoption of solar energy across India. In support of the PM Surya Ghar Muft Bijli Yojana, they aim to install 1 lakh solar rooftop systems in homes by 2026.
The South Eastern Railways, Kolkata, has issued a letter of acceptance for a project worth Rs 325.33 crore to the Kernex-MRT consortium. The project involves the supply, installation, testing, and commissioning of Kavach on GO and GO routes (688RKM), including associated works on the Kharagpur and Chakradharpur divisions of South Eastern Railway.
The company and its wholly owned subsidiary, Chemplast Cuddalore Vinyls (CCVL), have entered into a Power Purchase Agreement with JSW Green Energy Nine, the special purpose vehicle incorporated by JSW Neo Energy for setting up renewable power plants in Tamil Nadu. These plants will have a solar capacity of 64.9 MW AC (92.80 MW) and wind capacity of 20 MW. Additionally, Chemplast Sanmar and subsidiary CCVL agreed to acquire up to 18.46% equity shares and 7.81%, respectively, in JSW Green Energy Nine, for Rs 30.43 crore.
The company has received a letter of acceptance for a project worth Rs 135.66 crore from Central Railway. The project involves the design, supply, erection, testing, and commissioning of 132/55 KV traction substations, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2 x 25 KV traction system (Scott-connected transformer) for the Bhusaval-Khandwa section of Central Railway, to meet the 3000 MT loading target on an EPC mode.
Life Insurance Corporation of India
The corporation has received a demand order for Goods and Services Tax, interest, and penalty of Rs 479.88 crore for FY21 from the Deputy Commissioner of State Tax, Mumbai, for the Maharashtra state.
Airline IndiGo saw its market share climb to 65.2 percent in January, up from 64.4 percent in the previous month.
SpiceJet saw its market share drop to 3.2 percent in January, down from 3.3 percent in the previous month.
The company has launched the TVS King Duramax Plus and TVS King Deluxe Plus three-wheelers in Mexico.
The National Company Law Tribunal, New Delhi, has approved the Scheme of Arrangement for the amalgamation of Shree Jee Laboratory, JPR Labs, and Jaspack Industries with Mankind Pharma.
The Board has approved the appointment of Gourav Modi as Chief Financial Officer of the company, effective April 1. Sunil Kumar Arora will retire as Chief Financial Officer of the company, effective March 31.
The Board has approved the sub-division or split of equity shares of the company from a face value of Rs 10 each to Rs 2 each, subject to shareholder approval.
Bulk Deals
Promoter entity Apollo Pipes has bought 12 lakh shares in the company at an average price of Rs 46.52 per share.
Nexus Global Opportunities Fund purchased 35,000 shares in the company at an average price of Rs 121.5 per share.
Dolphin Offshore Enterprises (India)
Elara India Opportunities Fund exited the company by selling 11.32 lakh shares at an average price of Rs 204.3 per share. Aries Opportunities Fund also exited the company by selling 34.96 lakh shares at an average price of Rs 204.3 per share, and 5 lakh shares at an average price of Rs 217.6 per share. However, EBISU Global Opportunities Fund bought 6.96 lakh shares, and Unico Global Opportunities Fund purchased 11.32 lakh shares at an average price of Rs 204.3 per share. Additionally, Platinum Capline LLP bought 2.28 lakh shares at an average price of Rs 217.6 per share, while K and K Ventures purchased 16 lakh shares, Belaben Himansu Shah bought 6 lakh shares, and Kinnari V Shah acquired 6 lakh shares at an average price of Rs 204.3 per share.
SME Listing on February 28
HP Telecom India
Swasth Foodtech India
Stocks Trade Ex-Dividend
Power Finance Corporation
International Gemmological Institute India
Bhatia Communications & Retail
Panchsheel ORganics
Stock Trades Ex-Date for Rights
Welspun Specialty Solutions
Stock Trades Ex-Bonus
Jindal Worldwide
Stock Trades Ex-Date for Buy Back
Nava
Stocks Trade Ex-Date for Split
Oasis Securities
RDB Realty & Infrastructure
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