Market Commentary - Stock Alert
ITC, Vedanta, Aurobindo Pharma in focus As on : 13-Mar-24  08:34

* 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.

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