Stocks to Watch, 16 Apr: Stocks like ICICI Lombard General Insurance Company, Swiggy, Tata Consultancy Services, Gensol Engineering, Max India, NHPC, Dabur India, Lemon Tree Hotels, and AGS Transact Technologies will be in focus on April 16.
The company and its units owe a total of 7.19 billion rupees ($82.5 million) to its creditors including State Bank of India and Axis Bank
AGS Transact has defaulted/delayed in certain loan repayments, GST registrations in certain states have been suspended/cancelled and there have been delays in payment of statutory dues, employee salaries and vendor payments, a Crisil note observed.
Some banks serviced by AGS Transact have informed the regulator about the increasing cases of ATMs not being refilled and have held back their payments to the company. Crisil and India Ratings have downgraded the company’s debt to default status. Its GST registration also stands cancelled; virtually, AGS Transact is out of business.
Stocks To Watch Today, Jan 1: Stocks like Sun Pharmaceutical Industries, Piramal Enterprises, LT Foods, IndoStar Capital Finance, Hazoor Multi Projects, Persistent Systems, Vishnu Prakash R Punglia, Kirloskar Industries, Easy Trip Planners, AGS Transact Technologies, and Unimech Aerospace will be in focus on January 1.
Stocks To Watch, Dec 20: Stocks like Hindustan Construction Company, Dhanlaxmi Bank, Tolins Tyres, InterGlobe Aviation, Zodiac Energy, AU Small Finance Bank, HG Infra Engineering, Hyundai Motor India, Bharti Airtel, New India Assurance Company, and AGS Transact Technologies willl also be in focus on December 20.
Stocks like Alembic Pharmaceuticals, Dalmia Bharat, Electronics Mart India, Goblin India, Tierra Agrotech, Genesys International Corporation, Mufin Green Finance, and Tilaknagar Industries will also be in focus on Muhurat Trading Day of Samvat 2081.
In addition to this, the company has launched a new product, an application to make payments and monitor fuel related transactions and details with Hindustan Petroleum Corporation Limited which is in the pilot phase at some select fuel retail outlets in Mumbai.
The company had reported net loss of Rs 60.90 crore in the quarter ended September 2023.
This order win comes just a week after the company announced that it bagged an order to supply 1,350 ATMs for SBI under its banking automation solutions portfolio.