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Today there are still some signs of recovery in the stock market after five ardous days. The Gift Nifty is also indicating a positive figure which implies a strong recovery.
In the last week’s expiry day of weekly Sensex, the market was extremely volatile. BSO Sensex rose to 77,387.28 (high) while 76,030.59 (low) was recorded as the lowest point, whereas Nifty 50 was lower than 22,986.65( low) and higher than 23,390.05 (high) . In the end, the strong power held by the bulls and the strong power held by the bears did result in the market ending in the red.
The Nifty 50 index dropped to 23, Became lower than 23,071.80 with a percentage drop of 1.32%. Lastly we have the BSE Sensex which as of now is close to 76,293.60 lower by 1.018.20 points.
Analysts remain hopeful that today's market might increase with the positive news regarding gift Nifty. These announcements include the performance tranches of the new listings along with corporate actions.
Stocks Everyone Should Keeping an Eye on
1. Happy Forgings
A Joint With Global Machinery Supplier is Happy Forgings Specializing
Happy Forgings has finalized an MoU with a renowned construction machinery and global industrial equipment company.
The contract has the potential to generate an annual income of ₹95 crore with the possibility of growth up to ₹160crore which is based on sales.
2. BEML
Strategic Collaboration with STX Engines (South Korea)
BEML has partnered with STX Engines on the fabrication and sale of battle tank and marine engine parts and aggregates.
Additionally, this cooperation will also cover maintenance and service provision as well as export.
3. Cyient DLM
Agreement award - Supplemental Boeing Global Services Contract
Cyient DLM was awarded a contract for the supply of precision machine parts and assemblies with Boeing Global Services.
4. Jupiter Wagons
Wagon supplier order from Ambuja Cements & ACC for ₹600 crores
The Supplier is in receipt of a Letter of Acceptance for the Design, Manufacture and Supply of the BVCM wagon and BCFCM rake wagons from Ambuja Cements and ACC.
5. Mrs Bector Foods
Notice of tax assessment of ₹6.51 crore from CGST office ĝ Gautam Budh Nagar
Claiming the sum of six crore fifty one lacs is the tax amount also issued to the company in regards to GST taxation on their kulchas and Chocofill bun for the period that begins on July 1st 2017 up until March 31st 2023.
6. Chalet Hotels
Purchase of Mahananda Spas and Resorts Private Limited (MSRPL) by Chalet Hotels Powai Mumbai
MSRPL equity shares with MSRPL non-cumulative redeemable preference shares amounting to 0.01% were acquired by the company upon the signing of the share purchase agreement.
7. Nibe Limited
MIDC Allocates Land for New Defense Manufacturing Unit
Nibe Limited is set with the task of building a defense manufacturing unit in Shirdi as part of a new allocation by Maharashtra Industrial Development Corporation (MIDC) of a 3 lakh sq meter project.
8. Kolte-Patil
Internal Klote Patil Merger Gets Green Light
The board of Kolte-Patil Developers has approved plans for an internal restructuring of Kolte-Patil Integrated townships, giving in principal approval for a merger.
9. Kesar Industries
Acomse Kesar IM Infra Projects
Kesar Industries has taken control of Kesar IM Infra Projects Private Limited, an entity focusing on a real estate venture, having acquired a 51% interest.
10. Standard Chartered Capital
Introduced Financing for Electric Vehicles (EVs)
The company will also start providing financing for batteries of electric vehicles and electric two-wheelers.
11. East West Freight Carriers
₹7.5 Crore Contract With Abyssinia Group Of Industries (East Africa)
These contracts cover services for freight forwarding in the country of Uganda.
Dividend Announcements & Market Updates
NBCC will pay an interim dividend of ₹0.53 per share, record date 18th February.
Kirloskar Oil Engines such as IRCTC also recently announced a record date on February 20.
Important financial updates and earnings reports of Q3
1. Berger Paints
Net profit: ₹295 crore (-1.5% YoY)
Revenue: ₹2,975 crore (+3% YoY)
2. Kirloskar Oil Engines
Net Profit: ₹71.30 crores (-21% YoY)
Revenue: ₹1,454 crores (+4.5% YoY)
3. Gopal’s Snacks
Net Profit: ₹5.3 crores (-70% YoY)
Revenue: ₹393.57 crores (+7% YoY)
4. IRCTC
Net Profit: ₹341 crores (+14% YoY)
Revenue: ₹1,224.66 crores (+10% YoY)
The report of Q3 earning restuls to be reported today
The companies who will be reporting the December quarter results today include Siemens, Ashok Leyland, Bharat Forge, Power Finance Corporation, Jubilant Foodworks, Bajaj Consumer Care, Hindustan Aeronautics, Muthoot Finance, Natco Pharma, Rail Vikas Nigam, Sandhar Technologies among others.
Institutional trading activities and bulk deals
Chamunda Electrical
Antara India Evergreen Fund bought 315,000 shares for 70 each.
Finavenue Growth Fund bought 99 thousand shares at 70.
Sterling & Wilson Renewable Energy
Morgan Stanley Asia Singapore purchased 36,442,000 shares at 282.2.
Goldman Sach’s India Equity Portfolio sold 34,272,000 shares at 282.46.
Corporate actions and events of the market
Ex dividend stocks today:
Hero MotoCorp, ITC, Cochin Shipyard, Man Infrastructure, Minda Corp, TCI Express, Torrent Power, Uniparts India, UNO Minda.
Stock listings today:
Ken Enterprises (NSE SME) and Amvil Healthcare (BSE SME)
F&O Ban:
Today, Manappuram Finance is on the F&O ban list.
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