STOCKS IN ACTION 10 January Sigachi Industries: Board Meeting | Indian Stock Market

STOCKS IN ACTION 10 January

Sigachi Industries: Board Meeting to consider fund raising today

LUPIN: Gets Approval for reimbursement of Lupin’s drug NaMuscla by the Spanish Govt
Drug is for symptomatic treatment of myotonia in adults
Will be commercialised by their partner in Spain Exeltis

SONA BLW PRECISION FORGINGS: To acquire 54% stake in Serbia's NOVELIC
Is a provider of mmWave radar sensors, perception solutions, and embedded systems
NOVELIC CY'22 Turnover = Euro 9.33 Mn
Consideration = Euro 40.5 Mn, payable in 3 tranches within 2 years

GHCL: Receives requisite regulatory consent amendment for increase in its Soda Ash production capacity from 11 Lakh Ton Per Annum to 12 Lakh TPA

Surya Roshni: Mukul Agarwal increased stake in the company to 1.71%, while Vikas Khemani’s take remains unchanged at 1.45%.

LT Foods/Chaman Lal Setia Exports/Others: Authorities are planning to remove the ban imposed in September last year on export of certain varieties of rice as domestic prices stabilise, according to a Bloomberg report. This will be positive for stocks of rice exporting companies.

DB Realty: NCLT approved Adani Goodhomes' resolution plan for Radius Estates, a JV partner of MIG (Bandra) Realtors & Builders, which is a subsidiary of DB Realty. Radius Estates and MIG are developing Project Ten BKC property in Mumbai.

HDFC: The lender will sell its entire 17.5% stake in Kaizen Management Advisors for Rs 1.10 crore. Meanwhile, subsidiary HDFC Capital Advisors has achieved the initial close for Scheme 2 of the HDFC Capital Affordable Real Estate Fund–3.

Gillette India: The board of the company will consider and approve results and dividend on Feb. 1.

Procter & Gamble Hygiene & Health Care: The board will meet on Feb. 8 to consider and approve financial results for the December quarter and interim dividend.

Star Health And Allied Insurance: Says Total Gross Direct Premium At 87.52b Rupees, Up 13% (YoY)

Safari Industries (India): Says Commenced Additional Commercial Production Of Luggage At Its Halol Factory

IRB Invit Fund: Says Toll Collection Increased For Dec At About 18% On (YoY) Basis

JSW Ispat Special Products: Says Q3 Crude Steel Production 0.10m Tonnes, Down 30% (YoY)

IRB INFRA: Toll Collection for Dec'22 increased ~ 32% YoY to Rs 388cr (+6% QoQ)

Stylam Industries: Abakkus Growth Fund increased stake in the company by 0.12% to 2.39%, while Sixth Sense India raised its shareholding by 0.26% to 4.5%.

Indian Overseas Bank: The bank will increase lending rates by 5 basis points across tenors from Jan. 1, 2023.

Page Industries: Rohan Genomal resigned as Executive Director-Strategy, effective March 31, 2023, for personal reasons.

Welspun Enterprises: Chief financial officer Sanjay Sultania resigned, effective Jan. 9, 2023, to take up other major responsibility within the Welspun Group.

Electronics Mart India: Lock-in Period Ends:3.3% equity out of lock-in