*Stocks in News*
*Juniper Green:* Revenue reported at Rs. 291.2 crore versus Rs. 160.7 crore. Net profit at Rs. 33.5 crore versus Rs. 21.7 crore YoY. (Positive)
*ARSS Infrastructure Projects:* Company secured a Rs. 104.06 crore order from East Coast Railway for the construction of a Road Over Bridge (ROB). (Positive)
*Nitco:* Company formed a joint venture with The House of Abhinandan Lodha for a Rs. 4,500 crore Alibaug project. (Positive)
*Bharat Electronics:* Company received orders worth Rs. 730 crore, including orders for communication equipment, radar, avionics and cyber security solutions. (Positive)
*GK Energy:* Company received a Letter of Empanelment (LoE) from a state government-owned power distribution utility. (Positive)
*BBTC:* Supreme Court recalls its earlier observation on the Rs. 4,655 crore lease-rent claim and grants relief to the company. (Positive)
*Titagarh Rail Systems:* Company signs MoU with Siemens for global metro projects. (Positive)
*Man Infraconstruction:* Board to meet on September 1 to consider a share buyback proposal. (Positive)
*Alembic:* Promoter group Nirayu Pvt Ltd acquired 1.29 lakh shares in the company. (Positive)
*Gaja Alternative:* Invesco Mutual Fund bought a combined 85.95 lakh shares at prices ranging between Rs. 174.50 and Rs. 185 per share. (Positive)
*Emami:* Re-appoints Harsha Vardhan Agarwal as Vice Chairman & MD for 5 years from April 1, 2027 (Positive)
*Samvardhana Motherson:* Company’s arm MECL starts production at new Pune facility. (Positive)
*Godrej Consumer Products:* Company inaugurated its fourth manufacturing unit at Malanpur, Madhya Pradesh. The 65-acre facility represents a cumulative investment of Rs. 850 crore. (Positive)
*Fino Payments Bank:* Company stated that the Reserve Bank of India (RBI) approved a three-month extension for Ketan Merchant as Interim CEO, effective August 27. (Positive)
*Foseco:* Ex-promoters to sell 15.27% stake via Block deal (Neutral)
*Aye Finance:* Alpha Wave India to sell 7.8% stake via Block deal (Neutral)
*Reliance Communications:* Company received an order from the Prevention of Money Laundering Act (PMLA) Adjudicating Authority confirming the attachment of assets worth Rs. 581.65 crore. (Neutral)
*Hindustan Copper:* The Department of Investment and Public Asset Management (DIPAM) Secretary stated that the Company’s Offer for Sale (OFS) was oversubscribed on both days. (Neutral)
*Krishna Institute of Medical Sciences:* Company clarified reports regarding a potential acquisition of a stake in Renova Hospitals for $52 million, stating that it had neither entered into any agreement or Memorandum of Understanding (MoU) nor engaged in discussions regarding the transaction as of date. (Neutral)
*Vedanta Iron and Steel:* Company’s unit received a tax demand-cum-show cause notice, under which the department proposed a tax demand of Rs. 157 crore along with applicable interest and penalty. (Neutral)
*ICICI Prudential AMC:* Promoter Prudential Corporation Holdings will sell up to a 2% equity stake through the open market to comply with minimum public shareholding requirements, with completion expected by August 27, 2026. (Neutral)
*Cemindia:* Adani Group-backed Cemindia Projects may launch a $524 million Qualified Institutional Placement (QIP), with banks reportedly hired for the proposed fund raise. (Neutral)
*DCB Bank:* Company clarified reports regarding discussions with private equity firms for capital infusion, stating that it evaluates strategic and other opportunities from time to time. (Neutral)
*NHC Foods:* Company proposed a preferential issue of up to 25.60 crore convertible warrants at Rs. 2.10 per warrant, aggregating up to Rs. 53.76 crore, to strengthen its capital base and support growth plans. (Neutral)
*Mold-Tek Packaging:* Company’s Board recommended a bonus issue of equity shares in the ratio of 1:1. (Neutral)
*String Metaverse:* Company’s wholly owned Hong Kong subsidiary, String Fintech HK Limited, received an endorsement from Dun & Bradstreet (D&B). (Neutral)
*Resonance Specialties:* CRISIL reaffirmed the Company’s rating on total bank loan facilities worth Rs. 14 crore at CRISIL BBB-/Stable. (Neutral)
*Physicswallah:* Light speed Opportunity Fund Sells 4.7 Cr Shs (1.6% Equity) in Co for ₹550 Cr. (Neutral)
*Mankind Pharma:* Company approves voluntary liquidation of Bharat Serums and Vaccines (Neutral)
*Devyani International:* Devyani RK has been struck off and stands dissolved from August 25. (Neutral)
*IRB Infrastructure:* Company approves raising Rs. 351 crore via preferential issue to IRB Infrastructure Developers. (Neutral)
*Star Cement:* Q1 cement sales volume grew 7% YoY while realisations increased 1.2% YoY; margins impacted by higher diesel prices. (Neutral)
*Jio Financial Services:* Reappoints Hitesh Sethia as MD & CEO for five years from November 15. (Neutral)
*Rustomjee:* Board approves raising up to Rs. 405 crore through listed NCDs via private placement. (Neutral)
*GE Shipping:* Bard meeting today to consider a proposal to buy back fully paid-up equity shares of the company. (Neutral)
*Standard Engineering:* Amansa Holding sold 11.58 lakh shares at Rs. 324.60 per share. (Neutral)
*TCC Concept:* Goldman Sachs Asia Strategic sold 4.05 lakh shares at Rs. 258.48 per share. (Neutral)
*Groww:* Ribbit Capital V LP and Ribbit Cayman GW Holdings V sold a combined 11.31 crore shares at around Rs. 196 per share. (Neutral)
*DMart:* American Funds Insurance Series Global Growth and Income Fund sold 67.65 lakh shares at Rs. 3,750.58 per share. (Neutral)
*HDFC Bank:* Facing a federal securities class-action lawsuit in the US, with investors alleging that the lender made misleading disclosures (Neutral)
*PG Electroplast:* Deepak Kumar Seth sold 5.50 lakh shares at Rs. 2,280.51 per share. (Neutral)
List of stocks included in the Short term ASM Framework: Max Estates (Neutral)
List of stocks excluded from ASM Framework: KRN Heat Exchanger and Ujaas Energy. (Neutral)
*UPL:* Group COO Toshan Tamhane resigns with effect from August 31. (Negative)
*Emami, NHPC:* Likely Impact from Nepal floods (Negative)
*Tata Power:* Singapore court dismisses the company’s challenge to an arbitral award; company to appeal the ruling. (Negative)
Stocks Watchlist
Positive
SAIL-Increase its prices by another ₹1,000/MT
Railway Stocks-Govt to quadruple high density railway network
Titagarh Railways Systems- MoU With Siemens for global metro projects
Man Infra-Buyback meeting on Sept.1
VA Tech Wabag- Centre asks states to integrate water, sanitation works under VB-G RAM G plans
Juniper Green Energy-Strong Q1
Negative
Foseco-Ex-promoters to sell 15.27% stake (Block Deal)
Aye Finance-Alpha Wave India to sell 7.8% stake (Block Deal)
ICICI Pru AMC-Promoter Prudential to sell 2% stake (Block Deal)
HDFC Bank- US class action over interest payment scheme
Emami, NHPC-Impact from Nepal floods
Tata Power-Singapore court dismisses arbitral-award challenge (Rs 4500cr)
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