Daily Stock Market Snapshot 17 May 2024

Larsen & Toubro’s Health Business Unit has secured an order from the Institute of Neurosciences Kolkata to construct a Medical College and Hospital Campus at Rajarhat, Kolkata on a Design & Build Mode.

Brookfield India Real Estate Trust has entered into binding agreements to acquire 50% stake in Bharti Enterprises’ real estate joint venture with Brookfield Asset Management.

Norway’s Norges Bank likely has decided to exclude Adani Ports and Special Economic Zone from the Government Pension Fund due to unacceptable risk.

Glenmark Pharmaceuticals Ltd. has received final approval by the United States Food & Drug Administration (U.S. FDA) for Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution.

Zydus Lifesciences Global FZE has entered into an exclusive licensing and supply agreement with MSN Laboratories for Cabozantinib Tablets (a generic version of CABOMETYX®) for the US market.

Larsen & Toubro’s wholly-owned arm L&T Valves Ltd likely has set up a new manufacturing unit in Saudi.

Larsen & Toubro’s wholly-owned arm L&T Valves Ltd likely has set up a new manufacturing unit in Saudi Arabia. The facility is strategically located at Al Jubaii, off the Dammam-Abu Hadriyah Highway.

Reliance Retail likely has entered into long-term partnership with UK’s online fashion retailer ASOS for retail experiences to Indian consumers.

Infosys Ltd entered into a five-year strategic collaboration with London-based Colt Technology Services to accelerate its digital transformation programme.

Vedanta Semiconductors, a wholly owned subsidiary of Vedanta Ltd, raised 18.04 billion in debt from private creditors such as Varde Partners and Davidson Kempner.

UPL Limited has received an intimation about issuance of certificate of incorporation with regards to new step-down subsidiary viz. UPL Agricultural Product Trading FZE effective 10th May 2024.

GAIL (India) Limited has entered into a 14-year Time Charter Party with Cool Company Ltd, a pure play LNG shipping company, for a new build LNG carrier.

Info Edge (India) Limited – Startup Investments (Holding) Ltd., a wholly-owned subsidiary of the Company has agreed to invest about 15 crores in Agstack Technologies Private Limited.

Adani Energy has completed the acquisition of Essar Transco Limited for Rs 1,900 crore.

Dixon Technologies has entered into a MOU with Acerpure India CE Pvt Ltd for manufacturing of range of consumer appliance products.

Endurance Technologies: The Board has approved the appointment of Mr. R. S. Raja Gopal Sastry, Group Chief Financial Officer – Designate as Group Chief Financial Officer, with effect from 6th June, 2024.

Infosys collaborates with Telstra, Australia’s leading telecommunications and technology company, to accelerate its software engineering and IT transformation journey and further enhance their customer experience.

Koura Fine Diamond Jewelry has obtained TRQ (Tarriff Rate Quota) license from the Director General of Foreign Trade (DGFT) for importing gold Upto 80 kgs through India International Bullion exchange.

IDFC First Bank: The Reserve Bank of India has accord its approval to appoint Mr. Pradeep Natarajan as Whole Time Director, designated as Executive Director of the Bank for a period of three years.

GE Power India bags an order of Rs 20 crore from Torrent Power Ltd for repair & service of Steam turbine.

llFL Securities March 2024 (Quarterly) Income at Rs 686 crore vs Rs 402 crore YoY. PAT at Rs 181 crore Vs Rs 86 crore YoY.

eClerx Services March 2024 (Quarterly) Income at Rs 767 crore vs Rs 693 crore YoY. PAT at Rs 130 crore vs Rs 132 crore YoY.

Allcargo Gati March 2024 (Quarterly) Income at Rs 406 crore vs Rs 416 crore YoY. Loss at Rs 6 crore vs Loss of Rs 20 crore YoY.

Ratnamani Metals March 2024 (Quarterly) Income at Rs 1,496 crore vs Rs 1,499 crore YoY. PAT at Rs 193 crore vs Rs 193 crore YoY.

Endurance Technologies March 2024 (Quarterly) Income at Rs 2,685 crore vs Rs 2,234 crore YoY. PAT at Rs 210 crore vs Rs 136 crore YoY.

Vodafone Idea March 2024 (Quarterly) Income at Rs 10,607 crore vs Rs 10,532 crore YoY. Loss at Rs 7,675 crore vs Loss Rs 6,419 crore YoY.

Container Corporation March 2024 (Quarterly) Income at Rs 2,325 crore vs Rs 2,184 crore YoY. PAT at Rs 318 crore vs Rs 279 crore YoY.

Restaurant Brands Asia March 2024 (Quarterly) Income at Rs 597 crore vs Rs 514 crore YoY. Loss at Rs 92 crore vs Loss of Rs 80 crore YoY.

Sansera Engineering March 2024 (Quarterly) Income at Rs 746 crore vs Rs 619 crore YoY. PAT at Rs 46 crore vs Rs 35 crore YoY.

Emkay Global Financial Services March 2024 (Quarterly) Income at Rs 90 crore vs Rs 42 crore YoY. PAT at Rs 11 crore vs Loss of Rs 5 crore YoY.

Krishna Institute of Medical Sciences March 2024 (Quarterly) Income at Rs 634 crore vs Rs 576 crore YoY. PAT at Rs 71 crore vs Rs 99 crore YoY.

JK Paper March 2024 (Quarterly) Income at Rs 1,719 crore vs Rs 1,719 crore YoY. PAT at Rs 279 crore vs Rs 284 crore YoY.

Biocon March 2024 (Quarterly) Income at Rs 3,917 Crore vs Rs 3,774 crore YoY. PAT at Rs 223 crore vs Rs 415 crore YoY.

Crompton Greaves Consumer Electricals March 2024 (Quarterly) Income at Rs 1,961 crore vs Rs 1,791 crore YoY. PAT at Rs 133 crore vs Rs 132 crore - YoY.

Akzo Nobel March 2024 (Quarterly) Income at Rs 973 crore vs Rs 951 crore YoY. PAT at Rs 109 crore vs Rs 95 crore YoY.

Prince Pipes March 2024 (Quarterly) Income at Rs 740 crore vs Rs 764 crore YoY. PAT at Rs 55 crore vs Rs 94 crore YoY.