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Indian Shares/Stocks in Focus Today Latest Market News 17 September 2024

In this blog, we will cover all the important today’s Indian Shares/Stocks in Focus. Here we will cover important latest news of Share/Stock Market from the eyes of a long term investor. Here we will cover all the Indian Share/Stock Market Latest News regarding Order update, Latest Order Book, Fund Raise (QIP, Preferential etc.), Split, Bonus, Buyback etc. This blog will cover latest news regarding Indian share market. Here we will discuss Top Indian Stocks/Shares which are in Focus/News Today.

Every current or potential long term investor of Indian companies should follow this page and be updated regarding their portfolio stock company’s latest Order Update, Order Book, Fund Raise (QIP, Preferential), Split, Bonus, Buyback. This blog will give you glimpse of which are the top Indian stocks/shares are in focus/news for Today.

Indian Share/Stock Market Latest News Today Regarding New Orders Update-

Tarmat Limited (share latest news today) has received an order in joint venture from Chief Engineer- Maharashtra State Infrastructure Development Corporation for Construction of Concrete Pavement Road & Reconstruction & Widening of bridges & Culverts for Revdanda Bridge to Borli to Murud. Total Length 29.400 Km, worth of Rs. 1,39,48,00,000/-, which is scheduled to be completed within 30 Months. Tarmat Share in the Joint Venture is 80 percent.
Apollo Micro Systems Limited (share latest news today) has received an order from Munitions India Ltd, for GNC Kit, worth of Rs. 72.26 Crores.
Apollo Micro Systems Limited (share latest news today) has received an order from Economic Explosives Ltd and ARDE- Defence Research and Development Organisation (DRDO), worth of Rs. 4.70 Crores.

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JFL Life Sciences Limited (share latest news today) has received an order from J D Healthcare for Supply of Pharmaceutical/Lifecare/Healthcare products, worth of Rs. 48 Crores, which is scheduled to be completed within 6 Months.
Jhandewalas Foods Limited (share latest news today) has received an order from Mother Dairy worth of Rs. 10 Crores and from Dabur worth of Rs. 1 Crore.
Abhishek Integrations Limited (AIL) have been alloted coal/coal products of ECL through eAuction for quantity of 150 MT with Grade/Size of G4- STM (-) 100 MM.

Kimia Biosciences Limited (share latest news today) has received an International Order from a reputed client based in Europe. The contract is related to contract development and manufacturing organization (CDMO), worth of USD 200,000/-.
DroneAcharya Aerial Innovations Limited (share latest news today) has received an International Order from MB Darvilis for Supply of drone components for heavy payload logistic drones, worth of USD 2,40,000, which is scheduled to be completed within 40 days.
Cressanda Retail Solutions Private Limited subsidiary of Cressanda Railway Solutions Limited (share latest news today) has entered into an exclusive distributorship with Patanjali Peya Pvt. Ltd. This distributorship covers the distribution of the Divya Jal brand of packaged drinking mineral water across the state of West Bengal, as well as specifically within the Railway zones of South-Central and Southern Railways. Cressanda Retail is currently distributing over 150,000 cases i.e., 18,00,000 bottles of Aqua Diamond mineral water monthly across the eastern zone of Indian Railways.

Harshdeep Hortico Limited (share latest news today) has received an order from Mumbai and Mangaluru Airports operated by Adani Group, worth of Rs. 86.6 lakhs, which is scheduled to be completed within 120 days.
Sprayking Limited (share latest news today) has received an International Order from Green Metals FZCO for Supply of Brass Billets, worth of Rs. 25 Million, which is scheduled to be completed within 30/40 days.

Indian Share/Stock Market Latest News Today Regarding Fund Raise, Capex and Acquisition-

Samvardhana Motherson International Limited $1 billion Qualified Institutions Placement of equity shares of face value of ₹ 1 each (the “Equity Shares”) and compulsorily convertible debentures of face value of ₹ 1,00,000 each (“CCDs” and collectively with the Equity Shares) starts on September 16, 2024. Company declared ₹188.85 per Equity Share (“Equity Floor Price”) and ₹188.85 per Equity Shares to be issued on conversion of CCD (“CCD Floor Price”).
SpiceJet Limited Rs. 3000 Crores Qualified Institutions Placement starts on September 16, 2024. Company declared ₹64.79 per Equity Share as Floor Price.
Board of Directors of The Sandur Manganese & Iron Ores Limited, inter alia, considered and approved raising of funds by way of issuance of such number of Equity Shares of face value ₹10 each, in one or more tranches, for an aggregate amount not exceeding ₹1,000 crore via QIP.

Board of Directors of Ester Industries Limited has approved the issuance and allotment of up to 1,10,75,941 Fully Convertible Warrants (“Warrants”) of face value of Rs. 5/- (Rupees Five Only) each carrying right exercisable by the Warrant holder to subscribe to one Equity Share of face value of Rs. 5/- (Rupees Five Only) to the persons belonging to the Promoter & Promoter Group and Non-Promoter Category on preferential basis, aggregating up to Rs. 1,75,00,00,000/- (Rupees One Hundred Seventy-Five Crores Only).
Systematix Corporate Services Limited (“SCSL”), an integrated financial services firm listed on BSE Limited, is pleased to announce a fund raise of Rs 103.12 Crores through preferential allotment of equity shares at Rs 1531 per share. Systematix has demonstrated robust consolidated financial performance, with profit after tax soaring from Rs 1.32 crores in FY-20 to Rs 53.35 crores in FY-24, representing a CAGR of 152%.
Rajkamal Synthetics Limited (share latest news today) has raised fund via issuance and allotment of 81,75,000 Equity Shares to the persons belonging to Non Promoter Category and 6,00,000 Fully Convertible Warrants convertible into equal number of Equity Shares to the persons belonging to Promoter Category on Preferential Basis at such price as may be determined in accordance with Chapter V of the SEBI ICDR Regulations as amended.

This is to update that the date of closure of the rights issue, which opened on thursday, september 12, 2024 and was scheduled to close on thursday, september 19, 2024, has now been extended from thursday, september 19, 2024 to tuesday, september 24, 2024, by rights issue committee of Ducon Infratechnologies Limited.
Shyam Metalics commenced Phase I of the greenfield Cold Rolling Mill at Jamuria plant in West Bengal. The project is bifurcated into two phases with the greenfield expansion plan in Phase 1 Commissioned in September 2024. With a total capacity of 400,000 tons annually, the new Cold Rolling Mill is a cutting-edge establishment. The project has a total capital cost of ₹603 crores, with ₹346 crores invested and ₹257 crores pending.
Carborundum Universal Limited (CUMI) has entered into a binding Share Purchase Agreement to acquire a 100% stake from existing equity shareholders of Silicon Carbide Products, Inc. USA (SCP) on 16 September 2024 at an Enterprise Value of USD 6.66 million (INR 56 Cr indicative). The transaction is expected to be completed by the end of October 2024 Cash Consideration. FY 23 revenue of acquired entity was 2023- USD 42,32,000.

Indian Share/Stock Market Latest News Today-

Life Insurance Corporation of India (“the Corporation”) on engaging the services of Infosys Limited to build its NexGen Digital Platform under a digital transformation programme named as Digital Innovation and Value Enhancement (“DIVE”).
Airtel expands its Home Wi-Fi service across all 14 districts in Kerala.
Jindal Steel & Power Limited (JSPL) and Jindal Renewable Power Private Limited (JRPL) sign a historic MOU to invest in green hydrogen production for steelmaking in Angul, biggest of its kind in the Indian steel industry. The collaboration also includes a supply of ~3GW renewable energy to JSPL, cutting fossil fuel energy usage by half in next 2-3 years.

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Route Mobile Limited, announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on Sep 12 and 13, 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors. With this development, Proximus Opal, part of the Proximus Group, has reduced its holding in Route Mobile from 83.11% to below 75%.
Torrent Power Limited has submitted a ‘Shapath Patra’ to the Union Ministry of New and Renewable Energy, Government of India at the 4th Edition of RE-Invest to achieve 10 Gigawatt (GW) of installed Renewable Energy (RE) capacity by 2030, with an investment of Rs 57,000 Crores.
Torrent Power Limited has entered into a Memorandum of Understanding (MoU) today i.e. September 16, 2024 at 05:00 pm (IST) with the Government of Gujarat for execution of 5 GW solar, wind or solar-wind hybrid project at Dwarka District in the State of Gujarat.

Firstsource collaborates with Microsoft Azure OpenAI to deliver cutting-edge digital transformation services globally.
Mahindra launches All-New Veero, Redefining the LCV<3.5 t segment; Prices start at ₹ 7.99 Lakhs.
Reliance Power Limited confirm having participated in Request for Selection to establish a 500 MW/1000 MWh Battery Energy Storage System (BESS) invited by the Solar Energy Corporation of India (SECI) and are awaiting further communication in this regard.

Insolation Green Energy Private Limited a Wholly Owned Subsidiary Company of the Insolation Energy Ltd (INA), performed the Bhoomi Poojan Ceremony for 3GW PV Module Facility and 12,000 MTA Aluminium frame Plant at Village – Sawarda, Ajmer Road, Jaipur – Rajasthan.
Intellect and HCLTech announce Strategic Alliance to transform Banking using eMACH.ai’s Open Finance Platform and Purple Fabric’s Connected Intelligence.
Laurus Labs inaugurates new State of the Art R&D facility at IKP Knowledge Park.
Strides receives USFDA approval for Fluoxetine Tabs 60 mg.

Thomas Cook India capitalizes on Kolkata’s high-potential market with the launch of its store in New Town- Increases consumer access to 8 locations in the city.
AGS Transact Technologies Limited announced that it is strengthening security measures across 26,000+ ATMs in its network. The company has started implementing the latest security upgrades released by GMV, a Europe-based global leader in advanced technology solutions.
RattanIndia Enterprises announced that its Revolt Motors Expands into Sri Lanka, Marking First International Launch of Its Electric Motorcycles.

Sunita Tools Limited Incorporates Subsidiary, Enters into Business Takeover Agreement with Imperial Auto Crafts A Precision Defence and Aerospace Machining company.
Sellwin Traders Ltd enters in to MOU with SDF Productions for supply of Agro Products.
Frog Cellsat Limited Deploys DAS Solution at Lucknow Airport for Jio, Airtel, Vodafone Idea’s Mobile Network.
Cellecor Gadgets Limited has partnered with Hello Mobiles Pvt Ltd to enhance its retail footprint in Telangana and Andhra Pradesh and with Comexcell Technologies to extend its distribution network in Uttar Pradesh.

Magson Retail and Distribution Limited (“the Company”) had expand its retail presence by opening new (second) store of new venture under the brand name “”Nasta Bazar” in Ahmedabad. with the opening of this new store under brand name “Nasta Bazar”, the total number of stores operated by the Company has increased to 32, spanning across 11 cities in 4states.
Jiwanram Sheoduttrai Industries Limited have executed a large order of supplying denims to Myntra, one of the top e-commerce companies of India. We are expecting multi-fold volume purchase order from Myntra of denims, shirts, cargo pants etc.
Krishival Foods Limited forays into ice cream business with strategic investment in prominent ice cream brand ‘Melt ‘N’ Mellow’.

Nam Securities Limited has successfully developed and in the process to launch Web and Mobile trading application, under the brand name: “BIDWEL”.
Digikore Studios Limited announces the appointment of Dr. Scott Ross, a pioneering figure in the visual effects industry, to its Advisory Board.

Indian Share/Stock Market Latest News Today Regarding Corporate Action (Bonus, Split, Buyback)-

Board of Directors of Rajnish Retail Limited has fixed Friday, October 11, 2024 as the “Record Date” for Sub-division/Split of Equity Shares in ratio of 5:1 i.e. 1 (One) Equity Share of face value of INR 5/- (Indian Rupees Five Only) each, into fully paid up 5 (Five) equity shares of face value of INR 1/- (Indian Rupee One Only) each.
Board of Directors of Sanghvi Movers Limited has fixed Friday, 27 September, 2024 as the “Record Date” for Sub-division/Split of Equity Shares in ratio of 1:2 i.e. 1 (One) Equity Share of face value of INR 2/- (Indian Rupees Two Only) each, into fully paid up 2 (Two) equity shares of face value of INR 1/- (Indian Rupee One Only) each.

Acquisition Window (Buyback) for Aarti Drugs Limited will be available from 16.09.2024 to 19.09.2024 (excluding 18.09.2024 due to SEBI Holiday).
Acquisition Window (Buyback) for Arex Industries Limited will be available from 16.09.2024 to 19.09.2024 (excluding 18.09.2024 due to SEBI Holiday).
Window for tendering of the shares of Ladderup Finance Limited under the buyback offer will now remain open on September 16, 2024, September 17, 2024 and September 19, 2024 but will remain closed on September 18, 2024 on account of aforesaid holiday.

Disclaimer-

All these information regarding Latest Order Update, Order Book, Fund Raise (QIP, Preferential), Split, Bonus, Buyback News are directly derived from the updates provided by the companies to the India Stock Exchanges ie NSE and BSE. we are sharing these information for the ease of fundamental research of your portfolio stock companies. We (www.finofreedom.com) are not recommending to buy or sell of any of these company’s Shares/Stocks.

If you want to invest any of the above discussed company’s shares/stocks based on shared information then please consult your financial advisor before taking any decision. We (www.finofreedom.com) will not be responsible for any of your investment outcome either profit or loss in case you take any decision based on these information.