Operations and Performance Update | Technological Advancements and Strategical Partnerships | Expansions and Acquisitions | Fundraisings Details of Indian Stocks

Operations & Performance Updates

• D B CORP: Q3 net profit is ₹1.2 billion (unchanged YoY), with Q3 EBITDA at ₹1.77 billion (down from ₹1.83 billion YoY).

• BANSALI ENGINEERING: Net profit at ₹40.6 crore (up from ₹40 crore YoY), with revenue at ₹351 crore (up from ₹292 crore YoY).

• STERLING AND WILSON RENEWABLE ENERGY: Q3 net profit of ₹14.8 crore (compared to a loss of ₹63.7 crore YoY), with revenue at ₹1,837 crore (up from ₹583 crore YoY).

• ALOKINDS: Q3 net loss at ₹272 crore (compared to a ₹230 crore loss YoY), with revenue at ₹863 crore (down from ₹1,253 crore YoY).

• HATSUN: Q3 net profit down 29% at ₹40.94 crore YoY, with revenue up 6% at ₹2,009 crore YoY.

• LTIMINDTREE: Q3 net profit down 13% at ₹1,085 crore QoQ, with revenue up 2% at ₹9,660 crore QoQ.

• SHEMAROO: Q3 net loss at ₹36.36 crore (vs. ₹30.43 crore loss YoY), with revenue up 5% at ₹164 crore YoY.

Technological Advancements & Strategic Partnerships

• MOBIKWIK: Partnered with Piramal Finance to offer personal loans to app users ranging from ₹50,000 to ₹2,00,000.

Leadership Changes & Appointments

• ABBOTINDIA: Anuj Mehra appointed as Commercial Director for NeuroLife, GenNext, and Vaccines, effective February 1, 2025.

• PNB: Shri Ashok Chandra assumed office as Managing Director & CEO on 16-Jan-2025.

• INDIANB: Binod Kumar appointed as MD & CEO, effective 16-Jan-2025.

• MASTEK: Appointed Mr. Umang Nahata as CEO of Mastek Group, effective January 16, 2025.

• SWSOLAR: Mr. Chandra Kishore Thakur appointed as Global CEO of SWREL Group.

Incidents & Clarifications

• YATHARTH: Clarified no new developments regarding income tax matters, and the company is actively cooperating with authorities.

Expansions & Acquisitions

• KAUSHALYA LOGISTICS: Approved new depots in Kurukshetra and Bhiwani for efficient logistics solutions.

• EASEMYTRIP: Launched "EasyDharshan" platform and inaugurated Theerth Yatri Sewa Booth in collaboration with Ayodhya Development Authority.

• BPCL: Executed a loan agreement of ₹31,802 crore with the State Bank of India Consortium for projects planned at Bina.

• PLASTIBLEN: Board approved expansion of the Engineering Plastic Division at Palsana.

Other Updates

• SUDARSHAN: Entered a rent agreement with Daundi Biological Pvt Ltd to set up a new R&D formulation centre in Dehradun, starting March 2025.

• BORORENEW: GMB Glasmanufaktur Brandenburg temporarily cooled its furnace to fulfill pending orders. Revenue from GMB in FY 2023-24 was ₹40,980 lakhs, contributing 29.93% to consolidated revenue.

• ASTRAZEN: Received approval to import Eculizumab (Soliris) for treating Paroxysmal Nocturnal Hemoglobinuria and aHUS, pending further statutory clearances.

• MRPL: Flagged off the first truck parcel of Toluene from the Mangalore Refinery, launched to reduce import dependency and support Atmanirbhar Bharat.

Fundraising

• SAYAJI HOTEL: Board approved up to ₹50 crore fund raising via rights issue.

• ECO HOTEL: Board approved up to ₹45 crore fund raising via rights issue.

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