Market Commentary     13-Mar-24
Stock Alert
ITC, Vedanta, Aurobindo Pharma in focus
* ITC: British American Tobacco (BAT), ITC's largest shareholder, is offloading 3.5% of its stake for over Rs 17,486 crore through a block deal.

* Vedanta: SEBI ordered Vedanta to pay Rs 77.62 crore to Cairn for delayed dividend payments and barred its board from accessing the capital market.

* Aurobindo Pharma: Eugia Pharma will resume distribution of aseptic products and begin phased commercial production next week.

* Glenmark Pharma completed transferring the remaining 20% stake in Glenmark Life Sciences to Nirma.

* Shree Cement acquired five ready-mix concrete plants in Maharashtra from Starcrete LLP for Rs 33.5 crore.

* SRF established a wholly-owned subsidiary, SRF Middle East, in Dubai for refrigerant gas trading.

* Oriental Rail Infrastructure secured a Rs 1,249 crore order from the Ministry of Railways to manufacture and supply railway wagons.

* Ramco Cements inaugurated the Gati Shakti Cargo Terminal project to transport limestone via railway wagons.

* Allcargo Logistics LCL volume increased 7% YoY and FCL volume increased 5% YoY in February.

* Muthoot Capital partnered with Greaves Finance's evfin platform for electric two-wheeler financing across India.

* Indoco Remedies approved the purchase of land in Mumbai.

* Sterling & Wilson clarified there are no ongoing negotiations regarding the Shapoorji stake sale.

* Titagarh Rail Systems launched its second 25T Bollard Pull Tug, "Bahubali," for the Indian Navy.

* Vakrangee: The RBI renewed Vakrangee's authorization for white-label ATMs.

* Jammu and Kashmir Bank clarified that recent news regarding the Enforcement Directorate does not pertain to them.

* Ethos reduced its stake in Silvercity Brands AG from 100% to 35%.

* Gensol Engineering incorporated Gensol Clean Energy as a subsidiary.

* Welspun Living received NCLT approval for merging five companies with itself, awaiting final approval.

* Signature Global India launched its new project "Orchard Avenue-3" in Gurugram, offering 235 units.

* The NSE added National Aluminium Company (NALCO) and Piramal Enterprises to its F&O ban list for today, March 13th. Additionally, Aditya Birla Fashion & Retail, Hindustan Copper, Manappuram Finance, Mahanagar Gas, SAIL, Tata Chemicals, and Zee Entertainment Enterprises remain on the list from previous days.

Previous News
  Vedanta Ltd soars 1.73%, Gains for third straight session
 ( Hot Pursuit - 01-Jul-24   13:05 )
  Vakrangee allots 2.50 lakh equity shares on conversion of warrants
 ( Corporate News - 28-Jun-24   18:56 )
  Volumes jump at CESC Ltd counter
 ( Hot Pursuit - 26-Jun-24   14:30 )
  Volumes spurt at Vedanta Ltd counter
 ( Hot Pursuit - 26-Jun-24   11:00 )
  Vedanta Ltd Falls 5.33%
 ( Hot Pursuit - 26-Jun-24   09:30 )
  Nifty ends above 23,550; Sensex gains 141 pts; VIX sides 2.68%
 ( Market Commentary - Quick Review 20-Jun-24   15:50 )
  Market at day's high; European market opens higher
 ( Market Commentary - Mid-Session 20-Jun-24   13:31 )
  Barometer trade with minor gains; oil & gas shares rises
 ( Market Commentary - Mid-Session 20-Jun-24   12:32 )
  Vedanta jumps after board OKs to raise NCDs worth Rs 1,000 cr
 ( Hot Pursuit - 20-Jun-24   11:42 )
  Vedanta to convene AGM
 ( Corporate News - 19-Jun-24   12:59 )
  Vedanta to conduct board meeting
 ( Corporate News - 18-Jun-24   10:38 )
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