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Financials Updates



Financial  News

18-Jun-2024
Wipro surges on entering into strategic partnership with GBST

Wipro is currently trading at Rs. 489.70, up by 12.35 points or 2.59% from its previous closing of Rs. 477.35 on the BSE.

The scrip opened at Rs. 482.85 and has touched a high and low of Rs. 490.00 and Rs. 480.60 respectively. So far 79939 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 546.10 on 19-Feb-2024 and a 52 week low of Rs. 375.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 493.75 and Rs. 473.55 respectively. The current market cap of the company is Rs. 249651.38 crore.

The promoters holding in the company stood at 72.89%, while Institutions and Non-Institutions held 15.24% and 9.48% respectively.

Wipro and GBST, a leading global provider of wealth management and advice solutions technology for the financial services industry, have entered into a strategic partnership aimed at delivering end-to-end administration services for superannuation, wealth, and pensions companies transitioning from legacy IT environments.

This partnership brings together GBST's industry-leading Composer wealth management administration SaaS (Software-as-a-Service) platform and Wipro's extensive expertise in outsourced administration and contact centre services, to deliver a single offering that includes technology, cyber, risk, and business operations. This collaboration addresses a critical need within the industry, where organisations often face challenges in managing legacy IT systems and multiple service providers simultaneously. By consolidating administration services through a single, integrated platform, companies can streamline operations, reduce complexity, and enhance service delivery to their customers.

Wipro is a leading global information technology, consulting and business process services company.

18-Jun-2024
BLS International gains as its arm inks pact to acquire 55% stake in Aadifidelis Solutions

BLS International Services is currently trading at Rs. 351.25, up by 2.80 points or 0.80% from its previous closing of Rs. 348.45 on the BSE.

The scrip opened at Rs. 350.00 and has touched a high and low of Rs. 355.25 and Rs. 349.45 respectively. So far 6506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 430.00 on 01-Feb-2024 and a 52 week low of Rs. 191.50 on 26-Jun-2023.

Last one week high and low of the scrip stood at Rs. 355.25 and Rs. 317.65 respectively. The current market cap of the company is Rs. 14347.11 crore.

The promoters holding in the company stood at 71.52%, while Institutions and Non-Institutions held 8.72% and 19.76% respectively.

BLS International’s subsidiary -- BLS E-Services (BLSE) has entered into a definitive Share Purchase Agreement (SPA) to acquire a 55% controlling interest in Aadifidelis Solutions (ASPL) and its affiliates, for an Enterprise Value of approximately Rs 190 crore. 

BLSE will make an upfront investment (Primary and Secondary) of approximately Rs 71 crore with balance consideration being deferred linked to achievement of milestones in FY2025. The acquisition will be an all-cash deal. The transaction will be completed in Q2 FY 2025. 

Operating through a hub-and-spoke model, with a comprehensive Pan-India presence in 17 states and union territories, ASPL’s network of 8,600+ channel partners source loan enquiries, which will align with BLSE’s portfolio of Business Correspondents-led citizen-centric last mile banking services.

BLS International Services is a part of the four decades old BLS Group with a global presence and diversified range of services in polymers and petrochemicals, education, electronics, asset management, visa processing and management consulting.

18-Jun-2024
IIFL Finance soars on getting nod to divest equity shares in NSE

IIFL Finance is currently trading at Rs. 505.95, up by 38.05 points or 8.13% from its previous closing of Rs. 467.90 on the BSE.

The scrip opened at Rs. 467.90 and has touched a high and low of Rs. 508.20 and Rs. 466.65 respectively. So far 50427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 683.97 on 16-Oct-2023 and a 52 week low of Rs. 304.25 on 27-Mar-2024.

Last one week high and low of the scrip stood at Rs. 508.20 and Rs. 464.95 respectively. The current market cap of the company is Rs. 19839.10 crore.

The promoters holding in the company stood at 24.78%, while Institutions and Non-Institutions held 37.73% and 37.48% respectively.

IIFL Finance has received approval from National Stock Exchange of India (NSE) to divest equity shares aggregating upto Rs 84.70 crore of NSE through secondary market.
Earlier, the company had raised Rs 500 crore through the allotment of 50,000 Non-Convertible Debentures (NCDs) namely Secured Redeemable Non-Convertible Debentures - Series D25 of Face Value of Rs 1,00,000 each, for cash at par, on Private Placement Basis.

IIFL Finance is an Indian diversified financial services company.

18-Jun-2024
Kamdhenu shines on getting nod to acquire stake in VMS TMT

Kamdhenu is currently trading at Rs. 562.15, up by 12.45 points or 2.26% from its previous closing of Rs. 549.70 on the BSE.

The scrip opened at Rs. 539.00 and has touched a high and low of Rs. 578.00 and Rs. 539.00 respectively. So far 10823 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.00 on 02-Mar-2024 and a 52 week low of Rs. 262.70 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 582.00 and Rs. 520.95 respectively. The current market cap of the company is Rs. 1480.64 crore.

The promoters holding in the company stood at 58.74%, while Institutions and Non-Institutions held 4.18% and 37.08% respectively.

Kamdhenu has received approval for acquisition of 2,11,000 Equity Shares of Rs 10 each at an Issue price of Rs 230 per Equity Share, for a consideration aggregating to an amount of Rs 4.85 crore by way of subscription to the Preferential Issue of VMS TMT, a franchisee unit of the Company. The transaction is expected to be completed before June 30, 2024. The Loan and Investment Committee of the Board of Directors of the company, at its meeting held on June 17, 2024, has accorded its approval for the same. 

Kamdhenu is engaged in the manufacturing, marketing, branding and distribution of TMT Bars, structural steel, paints and allied products under the brand name ‘Kamdhenu’. 

18-Jun-2024
Alembic Pharma gains on getting USFDA’s final nod for Icatibant Injection

Alembic Pharmaceuticals is currently trading at Rs. 894.90, up by 4.80 points or 0.54% from its previous closing of Rs. 890.10 on the BSE.

The scrip opened at Rs. 905.00 and has touched a high and low of Rs. 917.50 and Rs. 891.75 respectively. So far 2464 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1093.05 on 21-Feb-2024 and a 52 week low of Rs. 600.65 on 23-Jun-2023.

Last one week high and low of the scrip stood at Rs. 925.55 and Rs. 880.30 respectively. The current market cap of the company is Rs. 17572.74 crore.

The promoters holding in the company stood at 69.61%, while Institutions and Non-Institutions held 19.84% and 10.54% respectively.

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Icatibant Injection, 30 mg/3 mL (10 mg/mL) Single-Dose Prefilled Syringe. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Firazyr Injection, 30 mg/3 mL (10 mg/mL), of Takeda Pharmaceuticals U.S.A., Inc. Icatibant injection is indicated for the treatment of acute attacks of hereditary angioedema (HAE) in adults 18 years of age and older. 

This is the first peptide product approval from the USFDA received by the Company. Icatibant Injection has an estimated market size of $112 million for twelve months ending Mar 2024 according to IQVIA. The company has a cumulative total of 205 ANDA approvals (177 final approvals and 28 tentative approvals) from USFDA.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.

14-Jun-2024
Suven Pharmaceuticals soars on inking pacts to acquire 100% stake in Sapala Organics

Suven Pharmaceuticals is currently trading at Rs. 699.40, up by 32.15 points or 4.82% from its previous closing of Rs. 667.25 on the BSE.

The scrip opened at Rs. 697.35 and has touched a high and low of Rs. 705.00 and Rs. 686.10 respectively. So far 3313 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 767.00 on 04-Jan-2024 and a 52 week low of Rs. 427.05 on 27-Jun-2023.

Last one week high and low of the scrip stood at Rs. 705.00 and Rs. 638.00 respectively. The current market cap of the company is Rs. 16985.85 crore.

The promoters holding in the company stood at 50.10%, while Institutions and Non-Institutions held 26.79% and 23.10% respectively.

Suven Pharmaceuticals has executed definitive agreements on June 13, 2024, for acquiring 100% of equity shares (on a fully diluted basis) in Sapala Organics. Sapala Organics is a Hyderabad based CDMO focused on Oligo drugs and nucleic acid building blocks including Phosphoramidites & Nucleosides, drug delivery compounds (including GalNAc), Pseudouridine, amongst others. 

The company has agreed to initially acquire 67.5% by way of secondary transfer from Sapala Organics’ existing shareholders. This represents 51% of the share capital of Sapala Organics on a fully diluted basis. After financial year 2026-27, the company will acquire the balance shareholding through secondary purchase, such that, post consummation, the company will own 100% of the share capital of Sapala Organics on a fully diluted basis.  

Suven Pharmaceuticals is a bio-pharmaceutical company, incorporated with the object of being engaged in the business of development and manufacturing of New Chemical Entity (NCE) based Intermediates, Active Pharmaceutical Ingredients (API), Speciality Chemicals and formulated drugs under contract research and manufacturing services for global pharmaceutical, biotechnology and chemical companies.

14-Jun-2024
RITES shines on signing MoU with Delhi Metro Rail Corporation

Rites is currently trading at Rs. 700.00, up by 20.10 points or 2.96 % from its previous closing of Rs. 679.90 on the BSE.

The scrip opened at Rs. 690.05 and has touched a high and low of Rs. 708.00 and Rs. 690.00 respectively. So far 105762 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 826.15 on 27-Feb-2024 and a 52 week low of Rs. 365.00 on 06-Jul-2023.

Last one week high and low of the scrip stood at Rs. 697.00 and Rs. 641.80 respectively. The current market cap of the company is Rs. 16338.13 crore.

The promoters holding in the company stood at 72.20 % while Institutions and Non-Institutions held 15.27 % and 12.53 % respectively.

RITES has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC) for collaboration in comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, maintenance of Railway Infrastructure, etc. in India and abroad.

The partnership aims at streamlining the process for jointly exploring, identifying, securing, and executing consultancy assignments for operations and management of Metro/LRT/Mass Rapid Transit Systems in India and abroad. As a part of this collaboration, DMRC and RITES will work together in tandem, leveraging each other’s strengths and enhancing business capabilities.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

14-Jun-2024
Ambuja Cements rises on getting nod to acquire 100% stake in Penna Cement Industries

Ambuja Cements is currently trading at Rs. 677.00, up by 12.70 points or 1.91% from its previous closing of Rs. 664.30 on the BSE.

The scrip opened at Rs. 689.95 and has touched a high and low of Rs. 690.00 and Rs. 673.00 respectively. So far 370548 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 690.00 on 14-Jun-2024 and a 52 week low of Rs. 404.00 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 690.00 and Rs. 624.05 respectively. The current market cap of the company is Rs. 163625.29 crore.

The promoters holding in the company stood at 66.74%, while Institutions and Non-Institutions held 25.57% and 7.69% respectively.

Ambuja Cements has received approval for the acquisition of 100% stake in Penna Cement Industries (PCIL) by way of entering into binding agreement. The acquisition is in line with the company’s strategy to increase its footprint in the cement manufacturing market. Cost of acquisitions is Rs 10,422 crore. The said acquisition is expected to be completed within 3-4 months. The Board of Directors of the company at its meeting held on June 13, 2024 has approved the same. 

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets. It is a material company of Adani Cement and part of the diversified Adani Group.

14-Jun-2024
Zaggle inches up on entering into agreement with Skydo Technologies

Zaggle Prepaid Ocean Services is currently trading at Rs. 298.75, up by 0.45 points or 0.15% from its previous closing of Rs. 298.30 on the BSE.

The scrip opened at Rs. 301.00 and has touched a high and low of Rs. 301.90 and Rs. 296.60 respectively. So far 39441 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 391.65 on 04-Mar-2024 and a 52 week low of Rs. 155.60 on 22-Sep-2023.

Last one week high and low of the scrip stood at Rs. 308.50 and Rs. 279.20 respectively. The current market cap of the company is Rs. 3656.71 crore.

The promoters holding in the company stood at 43.93%, while Institutions and Non-Institutions held 16.26% and 39.81% respectively.

Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with Skydo Technologies to facilitate cross border payments for Zaggle corporate customers. The said order is executed from June 13, 2024 till the termination of agreement in accordance with terms mutually agreed.

Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with it Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.

14-Jun-2024
National Aluminium Company soars on executing mining lease deed with Government of Odisha

National Aluminium Company is currently trading at Rs. 192.80, up by 6.30 points or 3.38% from its previous closing of Rs. 186.50 on the BSE.

The scrip opened at Rs. 189.45 and has touched a high and low of Rs. 193.60 and Rs. 188.70 respectively. So far 577360 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 206.30 on 28-May-2024 and a 52 week low of Rs. 80.70 on 26-Jun-2023.

Last one week high and low of the scrip stood at Rs. 193.60 and Rs. 181.60 respectively. The current market cap of the company is Rs. 35419.44 crore.

The promoters holding in the company stood at 51.28%, while Institutions and Non-Institutions held 27.80% and 20.92% respectively.

National Aluminium Company (NALCO) has executed a Mining Lease deed with the State Government of Odisha on June 13, 2024 over an area of 697.979 hectares for Bauxite Mines in Pottangi Tehsil, Koraput District. The mines has an annual production capacity of 3.5 million tonnes and has reserves estimated at 111 million tonnes, projecting a mine life of 32 years. Upon obtaining the remaining requisite statutory clearances, the mine is expected to become operational soon. The mined Bauxite would be transported to NALCO Refinery at Damanjodi through an Overland Conveyor of 18.5 Kms.

This strategic move ensures a secure supply of raw material for NALCO's existing Refinery and supports future expansions. With this enhanced resource base, NALCO is poised to strengthen its position in the Aluminum Industry, optimize production efficiency and meet the growing demand for Aluminum domestically and internationally.  

National Aluminium Company (NALCO) has the largest integrated alumina-aluminium complex of Asia.