Stocks/Share Market - Angel One

About Project Adani Renewable Energy Forty-One Limited, a wholly-owned subsidiary of Adani Green Energy Limited, has announced a significant milestone in its renewable energy portfolio with the operationalization of a 250 MW wind power project at Khavda, Kutchh, Gujarat. This achievement is highlighted by the incorporation of India’s largest and one of the world’s most …

Tata Consumer Products Limited (TCPL) unveiled a significant capital-raising initiative through a rights issue on July 23, 2024. This strategic move, announced via a stock exchange filing, aims to generate up to ₹3,000 crore (approximately USD 370 million) to bolster the company’s growth and expansion plans. Key Details of the Rights Issue Target Amount: ₹2,997.77 …

Reliance Industries Ltd., India’s largest privately owned refiner, has received approval from the U.S. to resume importing crude oil from Venezuela, marking a huge development amid ongoing White House sanctions. This decision enables Reliance to restart purchasing Venezuelan crude, a move that carries major geopolitical and economic implications. Background & Regulatory Changes Last year, Washington …

The proposed $8.5 billion merger of Indian media assets between Reliance Industries and Walt Disney is facing heightened scrutiny from the Competition Commission of India (CCI). This intense review underscores concerns about the deal’s potential impact on competition within the Indian entertainment landscape. Barrage of Questions The CCI has bombarded both companies with nearly 100 …

Sundaram-Clayton Limited, a diversified Indian conglomerate, announced a strategic expansion on July 23, 2024, with the incorporation of a wholly-owned subsidiary named “SCL Properties Private Limited” (SCLPPL). This move signifies the company’s foray into the promising data centre and IT services sector. Wholly-Owned Subsidiary Strengthens Strategic Position Sundaram-Clayton has fully subscribed to SCLPPL’s equity shares, …

Piramal Pharma Limited announced a significant step towards bolstering its commitment to sustainability on July 23, 2024. The company’s Board of Directors approved definitive agreements for acquiring up to a 15.76% equity stake in Clean Max Aero Private Limited (SPV), a renewable energy supplier, for a total consideration of ₹2.16 crore in cash. Strategic Investment …

Huhtamaki India Ltd., a leading provider of sustainable packaging solutions, released its financial results for the quarter and half-year ended June 30, 2024. While the results reveal a mixed performance, the company emphasises its commitment to a long-term growth strategy. Q2FY24: Modest Sales Growth, EBIT Decline Huhtamaki India reported net sales of ₹6,209.8 million for …

On July 23, 2024, United Spirits Ltd, a major beverage alcohol company in India, shared its unaudited financial results for the first quarter ending June 30, 2024. Key Highlights for the Quarter United Spirits Ltd’s Net Sales Value (NSV) reached ₹2,761 crore, while EBITDA stood at ₹713 crore. The NSV saw a 3.5% increase year-on-year, …

Heritage Foods Limited, a leading dairy company in India, announced impressive results for the quarter ended June 30, 2024 (Q1FY25), marking significant milestones and strategic growth. Revenue Surpasses ₹10,000 Crore for the First Time The company achieved a noteworthy 11.8% growth in revenue, surpassing the ₹10,000 crore mark for the first time in a single …

Record-Setting Performance M-Cap Crossed Rs 1 Lakh Crore Diageo-controlled liquor maker, United Spirits Ltd, achieved a significant milestone on Wednesday as its stock price surged by over 5%, reaching a new all-time high of Rs 1,417.3 on the NSE. This upward movement pushed the company’s market capitalisation beyond the Rs 1 lakh crore mark.  Financial …