INDIA Daybook – Stocks in News*

Credits: r/updateindia

DCM Shriram: Company commissions 52,500 TPA Hydrogen Peroxide plant at its chemical complex in Gujarat (Positive)

BEML: Company partners with Indian Navy to develop advanced marine applications for defence. (Positive)

HUDCO: Company has signed a MoU with Yamuna Expressway Industrial Development Authority at New Delhi. (Positive)

Rail Vikas Nigam Limited: Company has signed MoU with M/s Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA). (Positive)

Kilburn Engineering: Company proposes to acquire Monga Strayfield for Rs 1.23 billion. (Positive)

Welspun Enterprises: Company arm gets order worth Rs 160 crore from BMC for rehabilitation of man-entry sewers by trenchless technology in city (Positive)

Azad Engineering: Company is working towards making very critical parts for RollsRoyce defence aircraft. (Positive)

Indoco: Company will launch product immediately in U.S., where it is eligible for 180 days of competitive generic therapy exclusivity. (Positive)

Shriram Properties: Company announces plans to triple revenue to Rs 3,000 crore and double sale bookings to Rs 5,000 crore by FY27. (Positive)

Spandana: SEBI approved the settlement on July 25 and payment was confirmed on August 9. (Positive)

PayTM: Zomato to acquire Paytm's entertainment ticketing business for ₹2,048 crore (Positive)

Cyient DLM: Morgan Stanley Asia Singapore and Aditya Birla SunLife MF acquired stakes in Cyient DLM after promoter offloaded stake worth Rs 879 crore. (Positive)

Embassy Office Parks REIT: Signs agreement to provide 8 lakh square feet prime office space in Bengaluru to global banking major Commonwealth Bank of Australia. (Positive)

PNB Housing: Biggest buyers of offloaded shares include Singapore government and Aditya Birla SunLife MF. (Positive)

Awfis Space: Company launches 2 new centres in Bengaluru with total built-up area of 66,846 sq ft. (Positive)

L&T Tech: Company extends collaboration with Paris-based Thales for software monetisation solutions (Positive)

Aarti Drugs: Company to consider sixth share buyback since 2016 on August 26 (Positive)

E2E Networks: Board approved the fundraising via a preferential issue worth over ₹420 crores (Positive)

GMR Airports: Company signs license pact for Delhi Duty Free Concession, to take up operations from July 28, 2025. (Positive)

IREDA: Company to consider raising of funds up to Rs 4,500 crore through QIP or other means (Neutral)

Kalyan Jewellers: High dell to sell 2.36% stake to Kalyan Jewellers promoter Trikkur Sitarama Iyer for Rs 1,300 crore. (Neutral)

P&G Health: Net profit at Rs 16.8 cr vs Rs 29.8 cr, Revenue at Rs. 283.9 cr vs Rs 301.2 cr (YoY) (Neutral)

Sun Pharma: Pharmazz inc and Company entered into an agreement under which sun pharma will invest up to $15 million in pharmazz, inc. (Neutral)

Alkem Laboratories: Promoter likely to sell 0.7% stake (8.5 lakh shares) of Alkem Laboratories via block deals,Floor price at Rs 5,616, at a 3% discount to CMP (Neutral)

Muthoot Capital: Company board meeting on AUG 24 consider and approve issuance of non-convertible debentures upto rs. 50 crores on private placement basis. (Neutral)

India Grid Trust: Sponsor, Esoteric II Pte to sell 17.32% stake of Company via Offer For Sale (OFS) (base offer of 9.66% & oversubscription option of 7.66%) from August 22-23, 2024. Floor price at Rs 132/share (Neutral)

PNB: Government extends Kalyan Kumar's term as Executive Director of for 2 years" (Neutral)

ONGC: Company approves buyback of compulsorily convertible debentures worth Rs 7,778 crore issued by OPaL. (Neutral)

HDFC Bank: A penalty of Rs. 3.22 crore has been imposed on the Bank by Commercial Tax Officer, Chandigarh. (Neutral)

Zen Technologies: Company launches ₹800 crore QIP, price set at ₹1,601 per share (Neutral)

Muthoot Capital: Company will consider raising up to ₹50 crore via a debt issue on August 24. (Neutral)

GE Power India: Company announces that Prashant Jain, managing director, has stepped down. (Negative)