Stocks To Watch
Bajaj Auto: The company has announced it will pass on the full benefit of a recent GST reduction to customers, resulting in price cuts of up to Rs 20,000 on its two-wheelers and up to Rs 24,000 on its three-wheelers.
Cupid: The company has entered into a term sheet to acquire a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand founded in 2022.
Vadilal Industries: The company appoints Himanshu Kanwar as ¬First non-family CEO for their business in India.
HEG: The company’s associate Bhilwara Energy has acquired the remaining 49% minority stake from Statkraft in Malana Power Company Ltd, making it the sole owner. Bhilwara Energy has approved a preferential allotment of 1.7crore shares at Rs 142.08 per share to Singularity Growth Opportunities Fund II and other investors.
Mamata Machinery: The company has received a second export order for a 9-layer blown film plant in its Co-Extrusion product segment. The order is valued at approximately $1.17 million
Muthoot Capital Services: The company has redeemed its commercial paper by making a payment of Rs 15 crore.
Mahindra & Mahindra: The company's August exports rose 15% at 3,575 units year-on-year and sales were down 1% at 74,027 units year-on-year.
Blue Jet Healthcare: The promoter Akshay Bansarilal Arora to sell 3.42% stake via OFS on Sept. 10 & 11. Promoter to also sell additional 3.42% stake via oversubscription option.
Eicher Motors: Royal Enfield to pass on full GST benefit to customers and reduces rices up to Rs 22,000 on entire 350 cc range.
Huhtamaki INDIA: The company updates that Jagdish Agarwal resigns as CFO and Executive Director effective Dec. 1.
Kotak Mahindra Bank: Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday. SMBC will sell 3.28 crore shares, representing a 1.65% stake, in multiple deals on Wednesday. The offer price has been set at Rs 1,880 per share, indicating a 4.1% discount to the current market price of Rs 1,960.4.
Prostarm Info: The company incorporates wholly-owned arm prostarm Karnataka bess.
Bikaji Foods: The company's Managing Director has been summoned by the Directorate of Enforcement for an ongoing investigation into the Rajasthan Premier League under the Prevention of Money Laundering Act, 2002.
Sri Lotus Developers: The company has been appointed as the developer for a new, ultra-luxury re-development project in Bandra West, Mumbai, located near the Bandstand Promenade.
63 Moons Technologies: The company has completed the slump sale of its Straight Through Processing-Gate Business Undertaking to Synapsewave Innovations.
Crisil: The company has agreed to lend up to $30 million to its wholly owned subsidiary, CRISIL Irevna UK, to support its business needs and strategic initiatives
Sterling and Wilson Renewable Energy: The company has received a new domestic order, a Letter of Intent valued at approximately Rs 415 crore, for a 300 MW AC/ 420 MWp DC solar PV project in Rajasthan.
MedPlus Health Services: The company’s arm has received two suspension orders from the Drugs Control Administration. The company estimates a potential revenue loss of approximately Rs 0.57 lakh and Rs 0.93 lakh, respectively.
Route Mobile: The company updates on a strategic win as its services and global scale are being leveraged as part of Proximus Global's solution for Claro CENAM.
Arvind: The company in partnership with H&M Group and Deven Supercriticals, has inaugurated India’s first supercritical CO₂ dyeing machine at its facility in Ahmedabad. The new technology, called SUPRAUNO
Thermax: The company has invested Rs 115 crore in its arm, First Energy. FE has in turn invested the funds in its own wholly owned subsidiary, First Energy 10 Private Ltd., to complete the allotment of equity shares.
PC Jeweller: The company has approved the allotment of 13.61 crore shares following the conversion of 1.36 crore fully convertible warrants.