Stocks In News, Share Market News

16 January 23

FII & DII DATA 

FII Net SELL - 750.59cr
DII Net BUY - 685.96cr

17 January 2023

Today Results

Bank of India
Delta Corp
Eris Life
Gulshan Poly
ICICI Lombard
ICICI Prudentia
Mastek
Metro Brands
Newgen Software
Shalby
Shree Pushkar
Tata Inv Corp
Tata Metaliks
Tiger Logistics
Tokyo Plast

Stocks In News, Share Market News 

NTPC 

The Government of Tripura has signed a Memorandum of Understanding with NTPC Renewable Energy. The company in collaboration will develop large sized renewable energy projects in Tripura.


Veritas (India)

 Investor Swan Energy has raised its stake in the company to 43.58%, up from 40.54% earlier. Swan has bought 3.04% stake in Veritas on January 13 via open market transactions. Promoter Niti Nitinkumar Didwania was the seller.


Tata Metaliks

 Morgan Stanley Asia Singapore Pte bought 1.98 lakh shares in the Tata Steel subsidiary via open market transactions. These shares are acquired at an average price of Rs 834.67 per share.


Kesoram Industries 

The company has posted consolidated loss of Rs 48 crore for quarter ended December FY23, widening from loss of Rs 32 crore in same period last year, impacted by higher input cost, power & fuel expenses and exceptional loss. But consolidated revenue from operations increased 12.6% YoY to Rs 986 crore for the quarter. Its majority of business comes from cement segment.


Siemens 

 The company has received an order for 1,200 locomotives of 9,000 horsepower (HP) from the Indian Railways, marking the single largest order in the history of Siemens in India. It will design, manufacture, commission and test the locomotives. Deliveries are planned over an eleven-year period, and the contract includes 35 years of full service maintenance. The locomotives will be assembled in the Indian Railways factory in Dahod, Gujarat. The contract has a total value of Rs 26,000 crore.


Phoenix Mills 

 The company's wholly owned subsidiary Phoenix Logistics and Industrial Parks has completed the acquisition of 100% equity in Janus Logistics and Industrial Parks as per Share Purchase Agreement. The acquisition cost is Rs 26.03 crore. Janus owns a land parcel admeasuring approximately 33 acres in Haryana.


DroneAcharya Aerial Innovations 

 The company has tied up with AIT Entrepreneurship Centre, a centre of Asian Institute of Technology (AIT), in Pithumthani, Thailand for undertaking drone and GIS development projects. With this collaboration, the company will be starting its operations in Southeast Asia


Tinplate Company of India 

The tinplate manufacturer and Tata Steel subsidiary has recorded a 62% year-on-year decline in profit at Rs 36.4 crore for quarter ended December FY23, impacted by lower top line and operating income. Revenue from operations for the quarter at Rs 959.9 crore fell by nearly 19% compared to year-ago period.


Ashoka Buildcon 

Ashoka Kandi Ramsanpalle Road, the special purpose vehicle (SPV) of the company, has received a provisional certificate for completion of 37.92km out of total project highway length of 39.980km in Telangana. Also the company informed the declaration of Novemer 19, 2022 as the commercial operational date for the said HAM project of NHAI under Bharatmala Pariyojna on hybrid annuity mode. After the declaration of commercial operational date, the SPV is eligible for receipt of annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of commercial operational date.


IRB InvIT Fund 

 The company has recommenced toll collection at toll plazas of IRB Pathankot Amritsar Toll Road, one of its project SPVs (special purpose vehicle). The toll collection by the said SPV temporarily suspended last month. The project SPV is eligible for compensation against the revenue loss under Force Majeure provisions of the Concession Agreement.


Sula Vineyards 

Quant Mutual Fund purchased 10 lakh shares in the wine maker via open market transactions. The average buying price for these shares is Rs 361.82 per share.

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