SRF Limited has announced that it has entered into a definitive agreement to sell its engineering plastics business to DSM, which is the life sciences and materials sciences company. SRF is a chemical-based multi-business company engaged in the manufacturing of industrial and speciality intermediates.

Lupin Limited has announced that it has entered into a definitive distribution agreement with Aptissen S.A. Under this agreement, Aptissen has granted Lupin with the exclusive rights to market, distribute and sell the current Aptissen products in Canada.

KEC International reported its results for the quarter ended March 31, 2019 on Wednesday after market hours. The company's consolidated revenue for Q4FY19 came in at Rs. 3,841.17 crore as against Rs. 3,662.37 crore in the corresponding quarter last year, registering 4.9 per cent yoy increase.

We have found some mid-cap stocks that outperformed and underperformed in the month of April as compared to the mid-cap index. Read on to find out more....

Natco Pharma’s marketing partner Alvogen has received final approval of Abbreviated New Drug Application (ANDA) from USFDA for Nitroglycerin Sublingual Tablets USP, 0.3 mg, 0.4 mg, and 0.6 mg.

Neogen Chemicals Limited has made a strong debut on BSE by getting listed with 16.7 per cent premium.

Trigyn Technologies Limited has informed the bourses that UNAIDS has signed a non-exclusive Long-Term Agreement (LTA) with its wholly-owned subsidiary Trigyn Technologies Inc. for providing open source IT services like Drupal/PHP and Django/Python.

Orient Green Power Company Limited has informed the bourses about its policy on disinvestment of the biomass subsidiaries to enhance the value of the shareholders. The board has approved to disinvest its entire holding of 9,18,954 equity shares (aggregating 57.92 per cent) held in Sanjog Sugars and Eco-Power Private Limited (bio-mass subsidiary) in favour of Soorya Eco Power Private Limited.

Glenmark Therapeutics Inc. USA has entered into a co-promotion agreement with Otonomy, Inc. which is a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology.

Bharat Heavy Electricals Limited (BHEL) has been successful in commissioning the first two pumping units (116 MW each) of the 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana. The pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres.

Capacit’e Infraprojects Limited has bagged a contract worth Rs. 229 crore from Raymond Limited (Realty Division). The scope of work includes civil and shell works for Aspirational Towers A, B, C and MLCP Building at Raymond Limited, Thane.

Aurionpro Solutions Limited, a leading global IT and IT-enabled service provider, has bagged an order from a leading public sector bank in India for setting up self-servicing KIOSKs at various locations across India.

Blackstone, one of the world’s leading investment firms, has entered into definitive agreement with Ashok Goel Trust to purchase majority stake in Essel Propack Limited (EPL), which is a leading speciality packaging player and the largest global manufacturer of laminated tubes.

Net inflow FII investments were high at Rs. 33,980 crore in March 2019 led by high expectations from the Lok Sabha election which begun from April 2019. We analysed 5 companies that got much of the FII attention, read on to know more.

Gravita India Limited has informed the bourses that its step-down subsidiary Gravita Tanzania Limited which is situated in Tanzania, East Africa has started commercial production of lead from its new plant having an annual capacity of 3,000 MTPA. It is the first export-oriented recycling plant in Tanzania.

Shilpa Medicare has received USFDA approval for its ANDA, Busulfan injection, 60 mg/10 ml on April 18, 2018. According to IQVIA MAT Q4 2018 data, the US market for Busulfan injection, 60 mg/10 ml is approximately US$32.8 million.

Promoter holding denotes the percentage of shares held by the promoters and the promoter group in any company. Increase in the promoter shareholding shows the confidence of promoters in the company.

 In the past one month, BSE Sensex has surged by 3.29 per cent, i.e. up by 1,251.32 points from 38,024.32 on March 15, 2019 to 39,275.64 on April 16, 2019. Let us see how the BSE indices have performed in one month.

Allied Digital Services Limited has bagged smart city project for Rajkot in coalition with lead bidder BSNL. The project is worth Rs. 151 crore.

A sudden spike is seen in the stock price of Suyog Telematics in the last two weeks. On April 4, it closed at Rs. 260 and jumped by 54 per cent to close at Rs. 398.20 on Monday. During the period April to December 2018, the stock had corrected by 36 per cent and just two and a half months back in January 2019, it touched 52-week low of Rs. 190. Let's analyse the stock's performance...

Cipla Limited has launched Niveoli, India’s first extra-fine particle beclomethasone-formoterol combination hydrofluoroalkane (HFA) inhaler for adults, targeting drug delivery to the small airways.

In the last fiscal, most stocks were bleeding on BSE and NSE. The public sector undertakings (PSU) stocks were not an exception. The BSE PSU index has been down by 7.6 per cent in the last one year.

GE Power India Limited has won an order worth Rs. 142 crore from NTPC for supply and installation of low NOx combustion system for 10 GW of thermal power plant capacity across India. This is the first large scale project awarded by NTPC for installing low NOx combustion technology at its thermal power plant fleet.

A stock's Beta helps indicate its level of volatility, which can also help figure out whether a particular stock is riskier or not as compared to the benchmark. Read on to know more....

Praj Industries has signed a Construction License Agreement (CLA) with Gevo, Inc, USA to commercialise the technology for the production of lsobutanol using sugary-based feedstocks, such as juice, syrup and molasses.

Mahindra & Mahindra Limited, the world’s largest farm tractor manufacturer by volume has announced that it has become the first Indian tractor brand to roll out 3 million tractors. This manufacturing milestone has been achieved by the company during the month of March 2019.

Although some recovery was seen in the small-cap and mid-cap stocks over the last two months, around 73 companies hit 52-week low on the last trading day of FY19, i.e., March 29, 2019. All these companies were small-caps with majority stocks having market cap less than Rs. 100 crore. Only 7 companies belonged to the market-cap between Rs. 150 crore to Rs. 3,250 crore.

Raymond Group, which is well-known as a fashion and textile retailer has forayed into real estate development segment. It has set up a new division named ‘Raymond Realty’ through which it has undertaken the project to build quality housing for all. The central theme for this new venture as decided by the company is ‘Go Beyond’.

Lupin Limited has announced about the successful completion of the United States Food and Drug Administration (USFDA) inspection at its Lupin Bio-research Centre (LBC) without any observations.

HEG Limited is set to increase its stake in its associate company named Bhilwara Energy Limited (BEL). Currently, HEG’s stake in BEL is 29.48 per cent which will be increased to 49 per cent.

Cochin Shipyard Limited (CSL) has received a formal letter of Acceptance of Tender for 9 Floating Broader Outpost Vessels (FBOPs) from the Ministry of Home Affairs, India. The order for these 9 vessels is worth Rs. 270 crore.

Jindal Steel and Power Limited (JSPL) has re-started its 1.8 MTPA Direct Reduced Iron (DRI) plant at the 6 MTPA Integrated Steel complex at Angul, Odisha. This was a part of its production ramp-up plan on the back of getting healthy demand for steel in the market.

Benchmark indices rallied considerably in the month of March 2019 after a lacklustre start in 2019. We analysed several mid-cap companies to study and compile a list of top 5 mid-cap companies. Read on to know more.

L&T’s construction arm has won multiple orders from prestigious clients across different states in India. The orders of upto Rs. 5,000 crore include construction works pertaining to buildings & factories and water & effluent treatment segments.

The Board of Directors of Precision Camshafts Limited (PCL) have approved the acquisition of the remaining 5 per cent equity stake in Memco Engineering Private Limited. The paid-up capital of the target entity is Rs. 7.2 crore.

Mirc Electronics’ Onida brand has launched a new smart AC series – Onyx Smart and Genio. These ACs would have an additional unique feature of smart voice technology and capability to be operated through a mobile app.

The Board of Directors of Vodafone Idea Limited approved the offer and issue of fully paid-up equity shares of the company by way of rights issue in a board meeting held on January 23, 2019. The terms of the right issue were approved in the meeting held on Wednesday, March 20, 2019.

BharatNet is the world’s largest rural broadband initiative undertaken by the Indian government. Established in 2017, the project includes provision for on-demand affordable broadband connectivity of 2 Mbps to 20 Mbps for all households and on-demand capacity to all institutions. It is a part of the Digital India vision implemented through a partnership with states and the private sector.

Datamatics Global Services Limited has acquired an additional 10 per cent equity stake in its subsidiary named Datamatics Digital Limited. The subsidiary was earlier known by the name of Techjini Solutions Private Limited.

GE T&D India has bagged a technology-driven grid modernization project from Rajasthan Rajya Vidyut Prasaran Nigam Ltd. (RRVPL) to implement grid initiatives and augmenting renewable energy in the state, which will benefit the people of Rajasthan.

Zydus Cadila has received the final approval from USFDA for marketing Potassium Chloride Extended-Release Capsules USP, 8 mEq (600 mg) and 10 mEq (750 mg). This will be manufactured at the company’s formulations manufacturing facility at SEZ, Ahmedabad.

Tata Communications has been chosen as the official Digital Transformation Partner by ROKiT Williams Racing. It will use Tata Communication’s digital infrastructure to enable real-time data transfer between the pit-lane garage at each Grand Prix and the team’s race factory in the UK.

TCI Express Limited has informed the bourses that it is in the process of acquiring a stake in Uketoru, Japan. The investee company is an Express B2C technology company. For TCI Express, it is a strategic investment for its business growth.

Sun Pharma Advanced Research Company Limited (SPARC) has announced its research collaboration with HitGen Limited to identify novel small molecule leads for targets of interest.

Nelco Limited’s wholly-owned subsidiary Tatanet Services Ltd. (TNSL) has obtained the authorisation license from Department of Telecommunications (DoT), Government of India for providing in-flight and maritime connectivity (IFMC) services.

Bharti Airtel has joined hands with Zoom Video Communications Inc. to launch India’s first high-quality Unified Communications service offering, an integrated and secure platform for High Definition (HD) audio, video and web conferencing.

Newgen Software Technologies has received patents for its inventions from the Indian Patent Office. These patents will help the company expand the reach of its products.

Grasim Industries is set to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) from its current promoters for an enterprise value of Rs. 165 crores. This acquisition is compatible with Grasim’s linen business.

Wockhardt Limited has received approval from the United States Food & Drug Administration (USFDA) for an ANDA for 250 mg tablet of Abiraterone acetate, which is used to treat prostate cancer.

Major auto companies have reported sales numbers for the month ended February 2019. Of the Nifty Auto stocks, here is the sales figure for four companies namely Maruti Suzuki, M&M, Bajaj Auto and Ashok Leyland.

NCC Limited has bagged five new orders worth Rs. 4,088 crore in the month of February 2019. Of these, orders worth Rs. 738 crore pertains to the Building division. While remaining orders worth Rs. 3,350 crore pertain to Water division. These orders are received from state government agencies and do not include any internal orders.

Vedanta Zinc International’s (VZI) Gamsberg mine situated outside Aggeneys in South Africa’s Northern Cape Province was inaugurated by the President Cyril Ramaphosa on February 28, 2019.

Radio City, India’s leading radio network which is a part of Music Broadcast Limited (MBL), has partnered with NMRC (Noida Metro Rail Corporation) to provide passengers with unique entertainment experience during travel. 

HG Infra has been declared as L1 bidder by National Highways Authority of India (NHAI), New Delhi for new EPC project for construction of 6-lane access.

Alembic Pharmaceuticals has announced that it has received approval from US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500 mg.

Aarti Industries has entered a supply contract with a leading global chemical conglomerate. The Rs. 900 crore contract includes the supply of a high-value speciality chemical intermediate for a period of 10 years.

Gillanders Arbuthnot and Company Limited’s subsidiaries are undergoing a scheme of arrangement which has been approved by High Court at Malawi.

L&T's Buildings & Factories business has bagged a design and build order for the construction of hospitals from a private developer in India.

VIP Industries reported its results for the quarter ended December 31, 2018 on Friday during market hours. The company's consolidated revenue for the quarter came in at Rs. 430.09 crore as against Rs. 337.99 crore in the corresponding quarter last year, registering 27.2 per cent yoy increase.

The recent interim budget for the year 2019-20 was presented on February 1, 2019. The stock market reacted positively and the BSE Sensex for that day closed with gains of more than 200 points. In this week too, Sensex has been going up and has gained by more than 500 points since the budget day. 

Lloyd which is India’s leading consumer durable brand has launched the fastest cooling Air Conditioners named ‘Grande Series’. This AC can cool down the temperature to 18 degrees Celsius in just 45 seconds.

RPP Infra Projects has won new orders worth Rs. 72.2 crore through a Joint Venture in which it would be having 40 per cent share. With this order, company has announced its foray into a new geographic location, Gujarat.

The declining trend in the sales of North American Class 8 trucks continued in the month of January. The industry booked 15,800 units in January, which is down by 26 per cent from December sales. Read on to know which Indian auto ancillary companies might get affected due to this.

In the past week, the BSE Sensex index has fallen by 2.7 per cent, that is, by almost 1,000 points. The small-cap and mid-cap companies faced most of the heat.

The Board of Directors of Soril Infra Resources Limited approved the composite scheme of arrangement amongst the company, its holding company Indiabulls Integrated Services Limited (IBULISL) and their subsidiaries and Indiabulls Pharmaceuticals Limited (Scheme).

RPP Infra Projects has bagged three new orders worth Rs. 252.9 crore. In the last one month, the company has bagged orders worth Rs. 316 crore.

Based on the request of Religare Enterprises, the India Ratings & Research Private Limited (IND Ra) has withdrawn the company’s ratings on its debt instruments.

KEC International reported its results for the quarter ended December 31, 2018 on Tuesday. The company's consolidated revenue for the quarter came in at Rs. 2,646.63 crore as against Rs. 2404.75 crore in the corresponding quarter last year, registering 10.1 per cent YoY increase.

V2 Retail Limited reported its results for the quarter ended December 30, 2018 on Friday. The company registered a 58.2 per cent YoY increase in its standalone revenue for the quarter.

The USFDA had been inspecting the active pharmaceutical ingredients (API) manufacturing facility of Kopran Research Laboratories Ltd at Madad from January 21 to 25, 2019. Kopran Ltd. has informed that the inspection has been completed without issuance of any observation under 483.

The earnings season for the quarter ending December 2018 has begun. So far 300 companies have reported their Q3FY19 results and the performance seems to have been neutral. Read on for an analysis of stocks that have corrected sharply.

Royal Enfield, iconic motorcycle brand of Eicher Motors, has signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu pledging Rs. 1,500 crore investment in the state.

Linde India, the first company opting to delist under the new delisting guidelines introduced by SEBI, has received a letter from the BOC Group (promoter/acquirer) stating that the delisting offer has failed to materialise.

Kajaria Ceramics reported its results for the quarter ended December 30, 2018 on Friday. The company's consolidated revenue for the quarter came in at Rs. 758.56 crore as against Rs. 661.16 crore in the corresponding quarter last year, registering 14.7 per cent YoY increase. 

Post the 2018 budget in February, the market kept flashing in red throughout the year ahead. While going through the data of small-cap companies, we considered companies having market cap between Rs. 100 to Rs. 1,000 crore and came out with top 10 losers in the last one year.

The diamond and jewellery industry was hit in 2018 after one of the biggest banking scam was revealed in India. Celebrated diamantaire Nirav Modi cheated Indian banks of Rs. 13,000 crore. A steep erosion in the value of Nirav Modi brand was inevitable.

Calendar 2018 had been a heart wrenching year for investors holding stocks of small-cap and mid-cap companies. Close to 85 per cent of these stocks failed to beat the benchmark BSE Sensex, with small-caps on the forefront facing the heat during the year.

Tejas Networks Limited has announced that it has signed a Memorandum of Understanding (MoU) with Government of Kerala as its first telecom knowledge partner and is establishing a Centre of Excellence (CoE) for next-generation telecom technologies in the state.

Tata Elxsi reported its results for the quarter ended December 30, 2018 during market hours on Tuesday. The company's standalone revenue for the quarter came in at Rs. 407.01 crore as against Rs. 345.53 crore in the corresponding quarter last year, registering 17.8 per cent YoY increase.

Onward Technologies has partnered with SAP SE to sell and support end-to-end ERP implementation focused on SAP S/4HANA providing customers with an accelerated path for digital transformation, informed the company on Monday. Reacting to this development, the stock surged by 3.9 per cent.  

CMI Limited has received a letter of intent (LoI) for a maiden order from East Central Railway worth Rs. 20.93 crore for its Baddi plant (Himachal Pradesh). This order includes the supply of 1,144.64 km of railway signalling cables over the period of next six months. 

BASF India had initiated a transfer of its pigments business to BASF Colors & Effects India Private Limited, which is a 100 per cent subsidiary of BASF Colors & Effects GmbH, Germany. The company reported a closure of transfer proceeding on Monday.

Lupin Limited has partnered with the global pharmaceutical company AbbVie Incorporated. AbbVie has licensed Lupin's MALT1 (Mucosa-Associated Lymphoid Tissue Lymphoma Translocation Protein 1) inhibitor program.

NDTV's digital arm, NDTV Convergence has struck an unprecedented five year deal with Taboola, the world’s largest content discovery platform.

NTPC Limited acquired Barauni Thermal Power Station (720 MW) in District Begusarai, Bihar. The company acquired the power station from Bihar State Power Generation Company Limited (BSPGCL) effective from December 15, 2018.

The Board of Directors of KDDL Limited has approved the acquisition of Estima AG, a Swiss watch hands manufacturing company through its subsidiaries Pylania SA and special purpose vehicle Kamla International Holdings SA.

The board of directors of Gujarat Alkalies and Chemicals Limited (GACL) has given approval to two major capex plans that include establishment of new capacity of hydrazine hydrate and capacity expansion of its existing caustic soda plant. 

Adani Transmission Limited has informed the bourses of receiving the letter of intent (LOI) of an Intra State Transmission Project in Uttar Pradesh boosting its overall transmission network to ~13548 ckt. kms.

PVR Cinemas which is the largest film exhibition company in India has announced the launch of its seventh multiplex in Hyderabad, at Next Galleria Mall in Irrum Manzil, Telangana. This multiplex consists of seven screens. With this launch, the total count of PVR stands at 41 screens at 7 properties in Hyderabad and 52 screens at 9 properties in Telangana.

Godrej Fund Management and Godrej Properties have entered into a joint venture agreement with Hero Cycles to develop a prime office development on Golf Course Road, Gurgaon. Godrej Fund Management is the real estate private equity arm of the Godrej Group, and Godrej Properties Limited is one of India's leading real estate developers.

Premier Explosives Limited has received Arms License from Arms License Issuance Authority, Department of Industrial Policy and Promotion (DIPP) for the manufacture of Propellants, Ammonium Perchlorate and HTPB at Routhusurmala village, Chittoor district, Andhra Pradesh.

TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers, has launched its super premium offering TVS RR 310, the 125cc scooter TVS NTORQ 125 and the race machine TVS RTR 200 4V Race Edition 2.0 at the International motorcycle show, Argentina which is held in Buenos Aires. Through this auto show, the company intends to strengthen its presence in the Argentinian market.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, has launched the new Destini 125 scooter, on Monday. This powerful scooter aims to fortify company’s presence in the fast growing 125cc scooter segment.

Intellect Design Arena Limited, the leading B2B fintech has informed the bourses that its transaction banking division Intellect Global Transaction Banking (iGTB) and PPI AG which is a leading software product company in Europe formed a partnership for providing advanced end-to-end integrated solutions for transaction banking to cater to the needs of German and French banks.

GSS Infotech Inc, a wholly-owned subsidiary of GSS Infotech Limited, signed a share purchase agreement for acquiring 100 per cent shares of Nexii Labs Inc, USA. The latter company will become a wholly-owned step-down subsidiary of GSS Infotech Inc.

Cerebra Integrated Technologies has informed the bourses that it has been granted Responsible Recycling: 2013 (Environmental, Health and Safety Management System) Certification. This certification will complement the ISO 9001-2015 (Quality Management System), ISO 18001-2007 (Occupational Health and Safety Management System, OHSAS) ISO 14001-2015 (Environmental Management System) received by the company.

The company's Heavy Civil Infrastructure business has bagged new orders worth Rs. 7,489 crores. The Municipal Corporation of Greater Mumbai (MCGM) has given an order for the construction of the Mumbai Coastal Road Project (MCRP), Packages 1 and 4.

The IPO of Dinesh Engineers is opening for subscription from September 28 to October 3, 2018. The company is offering 100 lakh equity shares with face value of Rs 10 each. The issue size is Rs 185 crore and the issue price band is between Rs 183-185 per share. The minimum lot size is 80 shares. Post allotment, the company will get listed on both BSE and NSE.

Aavas Financiers plans to raise up to Rs. 1734 cr through offer for sale (OFS) and fresh issue of shares. The OFS includes sale of 1.6 cr shares with face value of Rs 10. The fresh issue will be to raise ~Rs.400 cr by issuing ~48.7 lakh shares. The price band is Rs.818 – Rs.821 per equity share. The offer opens from Sep 25- Sep 28.

Garden Reach Shipbuilders and Engineers’ IPO will open for subscription from September 24 to September 26, 2018. The issue is purely Offer for Sale (OFS) consisting of 2,92,10,760 shares worth Rs 344.69 crore. The face value is Rs 10 per equity share. The minimum lot size for subscription is 120 shares with issue price ranging from Rs 115-118 per equity share. For the retail investors and employees, a discount of Rs 5 per share would be offered. Post-allotment, the company would get listed on both BSE and NSE.