🇮🇳 India Daybook
🔹 Stocks in News
Wipro & University Of Oulu, Finland, sign MoU to collaborate on 5G/6G technologies (Positive)
NBCC bags order worth Rs 500 crore for the Development of the National Museum of Natural History at New Delhi. (Positive)
Reliance Jio says the co will take measures including tariff hikes in next few weeks (Positive)
IRCTC: Concession Agreement signed with Karnataka State Tourism Development Corporation for taking over the operations. (Positive)
McNally Bharat Engineering: Two investors submitted binding term sheets to the lenders for the debt resolution of the company (Positive)
Birla Corporation: Company acquired 26 percent ownership in AMPSolar Clean Power Private Limited. (Positive)
Alkyl Amines Chemicals: Company sold 29,77,996 equity shares representing 30.44 percent stake held in Diamines and Chemicals Limited. (Positive)
Allahabad Bank announced the receipt of communication from the government regarding in-principle approval of Alternate Mechanism. (Positive)
BPCL, SCI & Concor stake sale likely to be taken up by cabinet (Positive)
Debt-ridden DHFL may be the first NBFC to be sent to the NCLT for insolvency proceedings. (Neutral)
Shree Cement: Company approved floor price for QIP at Rs 19,806.5 per share. (Neutral)
Bharti Airtel: Company lost 23.8 lakh users in September versus loss of 5.6 lakh users (MoM). (Neutral)
YES Bank disclosed divergence in reporting of gross non-performing assets (NPAs) at Rs 3,277 crore (Neutral)
Credit Suisse maintains neutral rating, but raises target to Rs 1,400/Sh (Positive)
Credit Suisse believes buyback announced for Taro is penultimate step to taking It Private. Sun Pharma can initiate the final tender offer if it attains 90% shrhldg in Taro (Positive)
Macquarie maintains Outperform call on ICICI Bank with co being the marquee idea & top pick in financial space target price at Rs 615/Sh (Positive)
Motilal has Buy rating on Tata Global, target raised to Rs 347 /Sh (Positive)
Citi has a Sell call on Tata Steel: target at Rs 330/ Sh (Neutral)