Profit Booker

2022-09-01 08:15:01 Stocks in News Today

Reliance Industries : Reliance Industries has acquired Campa from Delhi-based Pure Drinks Group.

Oil Firms : The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and on jet fuel exports to Rs 9 a litre.

SBI : SBI will sell non-performing loan account of Anamika Conductors through e-bidding in to recover dues of Rs 102 crore.

NTPC : NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures

Tata Motors : Tata Motors has completed the acquisition of its partner Marcopolo's stake in their bus body manufacturing joint venture Tata Marcopolo Motors

Vodafoneldea : VI's shareholders have approved elevation of company's chief financial officer Akshaya Moondra as new chief executive officer.

NDTV : Adani group will launch its open offer on October 17 for acquiring an additional 26% stake in NDTV.

Tata Steel : Tata Steel to invest 65 million euros for Hydrogen based steel manufacturing in Netherlands.

IndiaBulls Housing Finance :  India Bulls Housing Finance will raise upto Rs 1000 crores by floating bonds in a public issue.

Cipla : Cipla and Kemwell India have entered into an amendment-cum-assignment agreement to incorporate a joint venture. Open / Comment

2022-08-30 08:49:06 Stocks in News Today

Vodafoneldea : Vodafone Idea's 5G services launch will depend on several factors such as use cases, customer demand, competitive dynamics etc. The promoters of the company have invested Rs 4,940 crore and the company is in active discussion with investors for fund raise.

Lupin : Lupin has received a tentative approval from the USFDA to market Dasatinib tablets, used to treat certain types of cancer

Macrotech Developers : Macrotech's board has approved raising of up to Rs 250 crore through the issuance of non-convertible debentures

L&T Technology Services : L&T Tech has signed a multi-million dollar five year deal with the european car maker BMW.

NDTV : Adani group and NDTV's promoter entity RRPR Holding have approached Sebi, seeking clarity on the applicability of the regulator's earlier order regarding the conversion of warrants into shares

Thyrocare Technologies : Fundsmith Emerging Equities Trust Plc offloaded its 1.1% stake in Thyrocare Technologies.

IRCTC : IRCTC issued clearance to exchanges on monday after media reports suggested that the government has dropped IRCTC's OFS (Offer of sale) due to volatile market.

Adani Green : Abu dhabi based International Holdings Ltd has injected 500 million dollars in Adani Green energy that will help in stabilizing company's debt

Indigo : Indigo has joined a sustainable initiative spearheaded by World economic Forum (WEF) Open / Comment

2022-08-29 06:38:16 Stocks in News Today

Reliance Industries : Reliance Industries will hold its Annual General meeting today.

Ultratech Cement : Ultratech Cement has commissioned cement capacity of 1.3 mtpa at Dalla Cement Works, Uttar Pradesh, which resulted in increase in the unit's capacity to 1.8 mtpa.

NTPC : NTPC's Board has approved an investment of Rs 11,843.75 crore for 1,320 MW Talcher Thermal Power Project, Stage-III.

InterGlobe Aviation : Indigo's shareholders have approved the appointment of three directors and re-appointment of Anil Parashar as a director.

Canara Bank : Canara Bank raises Rs 2,000 crore through Basel III Compliant Tier II Bonds, Series I. The bank has successfully raised Rs 2,000 crore through Basel III Compliant Tier II Bonds, Series

Sapphire Foods : Edelweiss Finance and Investments has sold 3,43,250 equity shares in the Sapphire Foods at an average price of Rs 1,220.22 per share

NHPC : NHPC has signed a pact with the Himachal Pradesh government for the implementing 500 MW Dugar Hydroelectric Project in Chamba district

IRCTC : IRCTC has rolled back a tender which was published earlier to hire a consultant for monetising the passenger data.

Max Financial Services : Max Financial's CEO Prashant Tripathy said Axis Bank is likely to raise its stake in Max Life Insurance to about 20% in the next 6-9 months.

Berger Paints : Berger Paints is looking to operationalise the fully-automated paints manufacturing plant near Lucknow in November. Open / Comment

2022-08-26 06:58:13 Stocks in News Today

Indian Oil : IOC plans to invest Rs 2 lakh crore to attain net-zero operational carbon emissions by 2046.

GAIL India : GAIL India has fixed 7th Sept as the record date for its 1:2 bonus issue.

HDFC Bank : HDFC Bank will invest between Rs 49.9 crore to Rs 69.9 crore to pick up nearly 10% stake in Go Digit Life Insurance.

PVR : BNP Paribas Arbitrage sold 4.05 lakh shares of PVR at an average price of Rs 1,841.14 per share on Thursday.

Titan : Titan is planning to launch around 20 30 stores of Tanishq in the Gulf and North American markets in the next 2-3 years: MD C K Venkataraman.

Eicher Motors : The company's Chief Financial Officer Kaleeswaran Arunachalam has resigned with effect from September 2, 2022.

GIC Housing Finance : GIC Housing Finance is planning to raise up to Rs 2,500 cr by issuing bonds or redeemable NCDs on a private placement basis.

LIC : LIC sold over 2% stake in Nagpur Power & Industries through open market transactions. Its stake in the company now stands at 8.33%. Open / Comment

2022-08-25 06:44:06 Stocks in News Today

Airtel : Singtel Group is selling shares worth Rs 12,900 cr in Bharti Airtel. After the sale, Singtel's stake in Airtel will decrease to 29.7%. Singtel is a Singapore based telecommunications conglomerate.

TCS : TCS clarified that it will pay 100% of variable pay for its 6 lakh plus employees for the June quarter of this fiscal.

Bandhan Bank : The bank will open 551 more branches in the 2022-23 fiscal year: MD and CEO Chandra Shekhar Ghosh.

NHPC : NHPC Renewable Energy and the Government of Rajasthan have signed a deal for the development of ultra mega renewable energy power parks.

Lupin : Lupin has received approval from the USFDA for an inhalation solution intended to treat chronic obstructive pulmonary disease.

TVS Motor : TVS Motor will acquire a 48% stake in two-wheeler startup 'DriveX'.

IDFC : IDFC Limited has appointed Mahendra N Shah as the managing director (MD) of the company with effect from October 1, 2022. Open / Comment

2022-08-24 06:36:16 Stocks in News Today

NDTV : Adani Enterprises will acquire an indirect stake of 29.1% in NDTV through its subsidiary Vishvapradhan Commercial (VCPL). Adani Group has also initiated an open offer of 26% additional stake in NDTV from its shareholders.

Hindalco : Hindalco has reserved around $8 billion of capital expenditure for its arm Novelis India over the next 5 years: Chairman Kumar Mangalam Birla.

NTPC : NTPC will raise Rs 2,000 crore through issuance of non-convertible debentures on a private placement basis.

SpiceJet : The airline is exploring multiple options, including stake sale to other airlines, to raise up to Rs 2,000 crore: Chairman and MD Ajay Singh.

Tata Motors : Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp solar project at its commercial vehicle manufacturing facility.

NHPC : NHPC has signed an initial pact with Bharat Electronics Ltd (BEL) to set up a large capacity solar equipment manufacturing facility.

Devyani International : Dunearn Investments (Mauritius) Pte Ltd sold around a 2% stake in Devyani International for Rs 482 crore.

Unichem Labs : Unichem Laboratories has received approval from the US health regulator to market its generic carbamazepine tablets.

Hindustan Petroleum : HPCL has announced a cow dung-to compressed biogas project at Sanchore in Rajasthan. This is the company's first waste-to energy project. Open / Comment

2022-08-23 08:04:01 Stocks in News Today

RBL Bank : Board has approved raising funds of up to Rs 3,000 crore.

TCS : TCS has bagged a contract for an undisclosed sum from Africa's Absa Corporate and Investment Bank.

LIC Housing Finance : LIC Housing Finance has hiked lending rate on home loans by 0.5%.

Future Retail : Company's financial creditors have submitted loan claims amounting to Rs 21,058 crore under the insolvency process. Bank of New York Mellon submitted the largest claim of over Rs 4,000 crore, followed by Bank of Baroda, Union Bank of India, and Central Bank of India.

Lemon Tree Hotels : Lemon Tree Hotels has signed a License Agreement for a 65 room hotel at Hubli, Karnataka.

TVS Electronics : TVS Electronics has entered into a business transfer agreement with GTID Solutions Development to enter into the mobile POS software solutions and authentication solutions space.

NTPC : NTPC has commissioned the first part of the 20 MW Gandhar Solar PV Project at Gandhar in Gujarat.

Bank of Baroda : Bank of Baroda will raise Rs 2,500 crore via bonds in single or multiple tranches. Open / Comment

2022-08-22 06:37:29 Stocks in News Today

Adani Enterprises : Adani Group has received approval from SEBI for launching an open offer for ACC, and Ambuja Cements. The open offer will be to acquire shares of minority shareholders.

Paytm : Shareholders of Paytm have approved the re-appointment of Vijay Shekhar Sharma as MD and CEO of the company.

JSW Steel : JSW Steel has entered into a 50-50 joint venture agreement with National Steel Holding (NSHL) for establishing scrap shredding facilities in India.

Tejas Networks : Tejas Networks has acquired the remaining 93,571 equity shares in Saankhya Labs at a price of Rs 454.19 a share. With this, the company's total stake in Saankhya stands at 64.4%.

L&T : L&T has commissioned a green hydrogen plant at its manufacturing complex in Hazira, Gujarat. The plant will produce 45 Kg of green hydrogen daily.

Adani Power : Adani Power announced acquisition of DB Power Ltd's 2x600 MW thermal power plant in Chhattisgarh's Janjgir Champa district for Rs 7,017 crore.

AstraZeneca Pharma : AstraZeneca Pharma has received import and market permission from DCGI for Olaparib film-coated tablets.

Central Bank of India : Central Bank of India has inked a pact with Protium Finance and Incred Financial Services to offer loans to the MSME borrowers.

IIFL Finance : CDC Group Plc sold a 3.56% stake in IIFL Finance Ltd for Rs 453 crore through an open market transaction. Open / Comment

2022-08-19 06:45:55 Stocks in News Today

Oil and Energy companies : The government has hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports.

Wipro : Wipro has received a multi-year contract to deliver Service integration and management services to HM Treasury (HMT).

JSW Steel : The proposal to merge Creixent Special Steels and JSW Ispat into JSW Steel was approved by Fair trade regulator Competition Commission of India (CCI).

Max Healthcare : HDFC Asset Management Company bought 0.4 per cent equity stake in Max Healthcare via open market transactions

PVR, Inox : The Consumer Unity & Trust Society (CUTS) has filed a complaint against the proposed merger agreement between multiplex operators PVR and INOX Leisure

Tata Power : Tata Power Renewable Energy has raised around Rs 2,000 crore by issuing 8.36 crore equity shares to BlackRock backed Green Forest New Energies Bidco.

Federal Bank : Federal Bank under its expansion drive has inaugurated 15 new branches across the country

JK Tyres : JK Tyre has increased prices by 6-7 per cent and a further hike is under consideration to reduce the raw material cost pressure Open / Comment

2022-08-18 12:41:23 BANKNIFTY 18 AUG CE 39500 BUY 90 ABOVE SL 70 TARGET 100/120/150+ Zero to hero Open / Comment