India Daybook – Stocks in News
*🌹India Daybook – Stocks in News*
*Power Stocks:* India's daily peak power demand touches a new high of 222.9 gigawatts. (Positive)
*SBI Life Insurance:* May premium up 58% (YoY); Retail APE up 8% (YoY) (Positive)
*HDFC Life Insurance:* May premium up 26% (YoY); Retail APE up 10% (YoY) (Positive)
*IndiGo:* Company expands codeshare partnership with Turkish Airlines for US (Positive)
*Indoco Remedies:* Company receives EU GMP certification for its Himachal Pradesh manufacturing facility (Positive)
*Greenlam Industries:* Commences commercial production at TN plant (Positive)
*Cochin Shipyard:* Company receives order for MR/Mid-Life upgrade of Indian Naval Ship (Positive)
*Avantel:* Company has signed a contract worth of Rs.54.38 Crores dated June 9, 2023 with Ministry of Defence. (Positive)
*JWL:* NCLT approves Jupiter Wagons' resolution plan to acquire controlling stake in Stone India Limited (Positive)
*TVS Motor:* Company acquires additional 25% in Swiss E-Mobility Group to make it a wholly owned subsidiary. (Positive)
*EaseMyTrip:* Company becomes the official travel partner at the World Padel League 2023 (Positive)
*Zydus Life:* Company has received the final USFDA approval for a drug to treat stomach ulcers. (Positive)
*Birla Corp:* Societe Generale bought 3.99 lakh shares in the company. (Positive)
*Info Edge:* Company has agreed to sell its entire shareholding in associate company Happily Unmarried Marketing (HUM) to VLCC Health Care (Positive)
*Allcargo:* company announced that it has completed the acquisition of a 30 percent stake or 1.5 lakh equity shares of GKEPL for a total of Rs 406.7 crore. (Positive)
*Vedanta:* Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa (Positive)
*SAIL:* Life Insurance Corporation of India acquired additional 2 percent stake in the steel company (Positive)
*Brightcom:* The company sees the profit at Rs 1,659.1 –1,744.2 crore for the financial year FY24 (Positive)
*Maha Seamless:* Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately (Positive)
*Ambalal Sarabhai:* Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara (Positive)
*Tata Motors:* HSBC India partners with company for a corporate employee financing solution to accelerate the adoption of zero emission electric vehicles (Neutral)
*Max Life Insurance:* May premium up 16% (YoY); Retail APE up 2% (YoY) (Neutral)
*IndusInd Bank:* Expands network with Inauguration of 15th Branch in Nagpur (Neutral)
*GHCL:* Mechanical breakdown incident in soda ash plant, however issue has resolved (Neutral)
*Karur Vysya Bank:* Revises Base Rate and Benchmark Prime Lending Rate (Neutral)
*Spandana Sphoorthy:* Company has approved issuance of NCDs worth up to Rs 125 crore. (Neutral)
*IEX:* Mr Harsh Jain bought 52.95 lakh shares of company (Neutral)
*Kotak Mahindra Bank:* Canada Pension Fund sold 3.3 cr shares of Company (Neutral)
*SBIN:* Bank has received board approval to raise up to Rs 50,000 crore through debt instruments in the current financial year (Neutral)
*Shalby:* Academy, the healthcare education division of Shalby Ltd, made its partnership with P P Savani University in Surat (Neutral)
*ICICI Prudential Life:* May premium down 19% (YoY); 2M FY24 premium down 18% (YoY) (Negative)
*ITI:* Acuite has downgraded the credit ratings of the company (Negative)
*Go Fashion:* Sequoia Capital to sell up to 10.18% stake in Go Fashion at Rs 1,135/share via block deal: Media sources (Negative)
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