In positive news, Mazagon Dock has recently commenced production for the first Air Independent Propulsion system for Scorpene class Submarines. Hatsun Agro has expanded its retail footprint by launching its 4000th HAP daily Outlet in Bhimavaram, Andhra Pradesh. Indegene has expanded its European presence with a new center in London. Waaree Energies has received an upgrade in its credit rating to CARE A+; Stable. Wipro has introduced Sovereign Ai Services with Nvidia Ai to governments and enterprises globally. Prince Pipes has started commercial production at Begusarai, expanding its manufacturing footprint. Pix Transmissions has seen an upgrade in its credit ratings by CARE Ratings. HIL has changed its name to ‘BirlaNu Limited’. Sumit Woods has been granted a Commencement Certificate for Development, offering a revenue potential of approximately Rs 400 crore. NCL Industries Ltd has received a letter from promoters regarding the acquisition of shares through the open market. Indian Hume Pipe has authorized management to act on a proposal regarding the sale of the company’s freehold land at Venkatala Village, Bengaluru. Avenue Supermarts has invested ₹174.99 crore in its e-commerce arm, DMart ready. Ashok Leyland has opened a bus manufacturing plant in Andhra Pradesh. DCAL has received a GMP Compliance Certificate for its Saint-Beauzire site. Gold Financing Stocks have seen an increase in gold prices due to safe-haven demand.
In neutral news, TIL will be discussing raising equity capital in their upcoming Board Meeting. Jeena Sikho Lifecare has converted its Bhopal clinic into a 52-bed hospital. Ksolves India has announced a 3rd interim dividend for FY25. Laxmi Organic has received approval for the Scheme of Amalgamation with Yellowstone Fine Chemicals. Mishra Dhatu Nigam has announced an interim dividend for FY24-25. Hyundai Motor will be increasing prices of its vehicles by up to 3% in April 2025. Dhanlaxmi Bank has approved issuing unsecured non-convertible debentures. Vishal Fabrics has acquired shares of Quality Exim. Thomas Cook has executed a Business Transfer Agreement with Nature Trails Resorts. Trent’s arm, Booker India, will be acquiring THPL Support Services. Dev Information Technology has secured an order from NICSI. Adani Enterprises has completed the incorporation of JV Praneetha Ecocables. Reliance Industries has dissolved its subsidiary, Reliance Eagleford Upstream LLC. Vedanta expects NCLT nod for demerger in 4-6 weeks. Timex has re-appointed Mr. Deepak Chhabra as Managing Director. Ansal Properties has announced the resignation of two Independent Directors. TD Power has appointed Mr. Mahesh K V as Head of Design. Strides Pharma has closed its acquisition of Amexel Pte. Ltd. Raymond has seen the resignation of Nawaz Singhania as Non-Executive Director. NHPC’s Board has approved a borrowing plan for raising debt during FY26. IOB has announced a QIP deal size. Can Fin Homes’ CFO, Apurav Agarwal, has resigned. Praxis Home Retail has an Ex-Right date today. Galaxy Surfactants Limited has an Ex-Dividend date today. Angel One also has an Ex-Dividend date today.
In negative news, Ola Electric is under scrutiny as the Heavy Industries Ministry seeks details about a mismatch in sales and registrations. Wire and Cable stocks have seen a negative impact as Adani Enterprises enters the wire and cable business through a new JV.
