Stocks In News - Capex (Vodafone Idea)

 

Vodafone Idea share announced a robust capital expenditure plan of Rs 50,000-55,000 cr over the next three years, aimed at bolstering its 4G and 5G network capacity and coverage.

In an investor presentation, the company said that it had already spent over Rs 2,000 cr on capital expenditure in the first half of FY25, resulting in a 14% increase in its 4G data capacity.

The 4G population coverage also grew significantly, adding 22 million new users during the period.

The ambitious capex plan has renewed investor confidence in the company’s ability to remain competitive in the telecom space, despite its financial challenges.

The fundraise, Birla said, enabled the company to kick start its capex cycle. Vodafone Idea has already announced the first phase of capex deals worth $3.6 billion with three global partners- Nokia, Ericsson and Samsung.

Stocks in News :- Bagging Order

 

Shakti Pumps

The company received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 standalone off-grid DC Solar Photovoltaic Water Pumping Systems.

Ashok Leyland

The company received an  order win worth Rs 345.58 crore from Tamil Nadu State Transport Corporation.

Stocks In News - Bonus (IGL)

 

Board of Directors in its meeting held  Tuesday, December 10, 2024 considered and approved Issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1 :1, i.e. 1 (one) Bonus Equity Shares of face value of Rs 2/- each fully paid up for every 1 (one) existing equity shares of face value of Rs 2/- each fully paid up, to the eligible shareholders of the Company as on the record date.

Stocks In News : JV (CG Power )

 

 CG Power has entered a definitive agreement to acquire Renesas Electronics Corporation’s radio frequency (RF) components business for $36 million, marking its entry into semiconductor design.

The RF components business, part of Japan-based Renesas, generated $56 million in revenue in 2023. Under the agreement, CG Power will acquire intellectual property, equipment, inventories, and select employees, helping to enhance its expertise in RF component design and marketing. 

 A new subsidiary, CG Semi Pvt Ltd, has been formed to manage the Outsourced Semiconductor Assembly and Test (OSAT) operations.

Stocks In News :- Bonus

 

NBCC (India) Ltd on September 2 after the PSU firm’s board recommended issuing bonus shares to shareholders at a 1:2 ratio.

NBCC (India) has set October 7 as the record date to determine eligibility for the bonus shares.

Stocks In News :- Bagging Order

 

GPT Infraprojects bagged The contract, awarded by CAO Construction, South Eastern Railway, involves the construction of multiple Road Over Bridges (ROBs) and associated bridge approaches between Andul-Sankrail and Nalpur-Bauria Stations on the Howrah-Kharagpur section.

Stock In News - PC Jeweller

 

PC Jeweller informed exchanges that the One Time Settlement (OTS) terms include both cash and equity components, along with provisions for the release of securities and mortgaged properties held by the banks.

Earlier the State Bank of India (SBI), the nation's largest lender, accepted the OTS proposal from PC Jeweller.

Stocks In News (Aarti Ind and UPL)

 

Aarti Industries and UPL  entered into a joint venture (JV) 50-50% partnership for manufacturing and marketing of specialty chemicals that find application in multiple downstream industries.

This arrangement is a first of its kind partnership between two large Indian companies to develop, manufacture and market the downstream and value-added chemical intermediates for global markets and foster India’s ambition to become self-reliant and make for the world.

The companies will provide key raw materials for manufacturing the desired chemicals.

The JV company is expected to commence commercial supplies by Q1FY27 with a peak annual revenue potential of Rs 400-500 cr in next 2-3 years.

Augene Chemical Private Limited (ACPL) will be a proposed entity for JV between the companies.

Both the companies propose to initially invest Rs 12.50 cr each, in equity share capital of ACPL.

it is proposed to invest Rs 137.50 cr each in one or more tranches in the form of equity capital/preference share capital/debt.

Stocks In News : Bagging Order (KPI Green Energy Limited)

 

KPI Green Energy Limited  announced it has received an order of 305MWac by two Aditya Birla Group subsidiaries, forming part of the wind-solar hybrid power project in Gujarat.

The company will be responsible for providing engineering, procurement, construction, and commissioning (EPCC) services, including supply, loading, unloading, transportation, and construction of the solar project. The project is scheduled to be completed in the financial year 2025-26.

 

Stocks In News :- JSW Infrastructure(Bagging the Order)

 

The JSW Group company has received the letter of award from the VO Chidambaranar Port Authority for mechanisation of the North Cargo Berth-III (NCB-III) for handling dry bulk cargo at the port on a design, build, finance, operate and transfer (DBFOT) basis through through the PPP route.

Stocks To Watch Post Bonus( KPI Green)

 

KPIG Energia Private Limited, a wholly owned subsidiary of the company, received new order of 1.5 MW for executing solar power project under ‘Captive Power Producer (CPP) segment Pruthvi Textile. 

The project is to be completed in the financial year 2024-25.

Must Grab (ReCom @7) Right Issue -South Indian Bank

 

The South Indian Bank offers

Personal Banking: Under Personal Banking, the company offers account opening, term deposits, individual current accounts, personal loans, car loans, home loans, gold loans, etc., mutual fund investments, insurance, money transfers, etc.

Priority Banking: Complimentary airport lounge, discount on locker rental, priority savings account, discount on lending, reward points, etc.

NRI Banking: In this segment, the company offers account opening and deposits, loans and electronic services like online NRI account opening, KYC updates, FATCA-CRS updates etc.

Online banking

Banking services for businesses: These include business account opening, domestic financing, international financing, money transfer, value added services, SIB API banking, etc.

The South Indian Bank Rights Issue 2024 Detail:--

Issue Open	March 6, 2024 - March 20, 2024
Security Name	The South Indian Bank Limited
Issue Size (Shares)	523,185,254
Issue Size (Amount)	₹1,151.00 Crores
Issue Price	₹22 per share
Listing At	BSE, NSE
Entitlement	1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date

The South Indian Bank Limited Financial Information

Amount in  ₹  Crores

Period Ended	31-Mar-2023	31-Mar-2022	31-Mar-2021
Assets	107,697.16	100,051.87	94,149.17
Revenue	8,044.55	7,620.44	1,185.48
PAT	775.31	44.82	61.91

Stocks To Buy - HSCL

 Himadri Speciality Chemicals to invest ₹4,800 cr to make lithium iron phosphate

Himadri Speciality Chemicals will invest ₹4,800 cr over the next 5–6 years in setting up a plant that will produce 2 lakh tonnes of lithium iron phosphate (also known as LFP or lithium ferrophosphate), a key material for making lithium ion batteries used in electric vehicles. This is the first such plant in India.

In the first phase, it will invest ₹1,125 cr in the first phase for a 40,000 tonne per annum plant in Odisha. It intends to complete the project in 27–36 months.

The project will be executed by the step-down, wholly-owned subsidiary, Himadri Future Material Technology.

Stocks To Buy : Wardwizard Innovations & Mobility Limited

 

Wardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal.

The electric vehicle maker under the ‘Joy e-bike’ brand in India inked a memorandum of understanding (MoU) with the Gujarat government to invest Rs 2,000 cr in the development of an electric vehicle ancillary cluster by 2024.

Under the agreement, Wardwizard is set to make a substantial investment of Rs 2,000 cr, spanning various critical areas. This includes research and development of electric 2 & 3 wheelers, the establishment of motor assembly at Vadodara's facility, Li-ion Cell production, and the development of ancillaries for raw material manufacturing,

Company has  750+ Distributor showrooms Across India.

The EV market in India is estimated to reach Rs. 50,000 cr (US$ 7.09 billion) by 2025.

Company Info:

Stocks In News -GMR Airports Infrastructure Limited

 

GMR Airports Infrastructure Limited recorded a 23% Y-o-Y growth in passenger traffic and 4% decline, M-o-M, to  94.16 lakh for September. For the same period, aircraft movements grew 14 percent on-year and declined 4% to 62,230.

Delhi Airport saw the maximum passenger traffic at 58,02,348, a 14%Y-oY increase

Hyderabad at 1,969,753, up 21% 

Goa's MOPA at 10% rise to 326,952 passengers in September. 

The MOPA airport opened in December 2022..

Delhi Airport reached the milestone of handling highest ever half-yearly passenger traffic by crossing 3.5 million passenger mark in H1FY2024. 

Hyderabad Airport also reached the milestone of handling the highest ever half-yearly passenger traffic by crossed 1.2 million passenger mark in H1FY2024.

OnMobile Global Consolidated June 2023

 

Net Sales at Rs 137.06 cr in June 2023 up 1.43% V/s  Rs. 135.13 cr.

Quarterly Net Profit at Rs. 9.83 cr in June 2023 up 138.63% V/s  Rs. 4.12 cr.

EBITDA stands at Rs. 15.49 cr  in June 2023 up 88.44%  V/s Rs. 8.22 cr.

 EPS has increased to Rs. 0.93 in June 2023 V/s  Rs. 0.39.

Stocks To Grab :- Servotech Power

 

Servotech expanded EV Charger business in Middle-East and Africa. 

Company Engaged in 

EV Charger :- AC/DC Charger

Solar Products: - Solar Invertor/Batteries/Pannel

LED:- Domestic/Commercial

Q1 Report of the Company

Net Sales at Rs 68.14 cr, up 125.99% Y-o-Y

Net Sales at Rs 68.14 cr up 125.99% V/s  Rs. 30.15 cr in June 2022.

Quarterly Net Profit at Rs. 4.03 cr up 1057.84% V/s Rs. 0.35 cr in June 2022.

EBITDA stands at Rs. 6.96 cr  up 408.03% V/s Rs. 1.37 cr in June 2022.

Investors-Presentation-Q1-FY-2023-2024.pdf (servotech.in)

Stocks To Watch :- Reliance Capital

 

 A Hinduja Group firm emerged as the highest bidder with an offer of Rs 9,650 cr to take over debt-ridden Reliance Capital in the second round of auction. The bid by IndusInd International Holdings Ltd (IIHL) is higher than Rs 8,640 cr offer made by Torrent Investments in the first round of auction held in December last year.

Additionally, Reliance Capital has a cash balance of approximately Rs 350-400 cr, which will also be distributed among the lenders.

Lenders could recover more than ₹10,000 cr, or about 40% of verified claims, under the proposal from IndusInd International Holdings Ltd (IIHL). 

 As much as 99.6% of the lenders favoured the plan as the voting ended.

 

 Above Proposal is need to get Approval From NCLT/RBI/SC.

Reliance Capital is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).

Reliance Capital has a consolidated debt of about Rs 40,000 cr.

Stocks To Watch :- HBL Power Systems

 

• One of the world’s leading manufacturers of advanced-technology batteries (Lead Acid, Nickel Cadmium & Special Defense) & DC systems for various industries.
• World’s SECOND LARGEST manufacturers of Nickel Cadmium batteries and the ONLY Indian company with Pure Lead VRLA battery technology.

Rs. Crores

For More Information 

Stocks To Watch :- Supreme Infra

Supreme Infra’s R4,500-cr debt to be recast under S4A( sustainable structuring of stressed assets )

Per Bloomberg, Supreme Infra consolidated debt at R4,529 cr in FY16.

The company reported a net loss of Rs.163 cr and revenues of R1,404 cr in FY16

due to interest outgo of R360 cr in the same period.

Under the S4A scheme, Company's debt will be bifurcated into two Portons(sustainable and unsustainable).

Under Sustainable Debt

Not to be less than 50% of the existing debt will be serviced on the same terms as that of the existing.

According to RBI guidelines, banks need to convert their debt into equity within 210 days of the reference date(December 29, 2016 ), failing which will turn the account non-performing.