Stocks to watch: Shares of firms like IRCTC, Paytm, Mamaearth, JSW Group, Coal India, ONGC, and others will be in focus on Monday’s trade.
Stocks To Watch On February 12: After a subdued start, equity markets made a recovery to close higher on Friday, driven by buying in select heavyweight stocks.
Q3FY24 earnings today: 63Moons, AllCargo Logistics, Avadh Sugar, BASF, Bharat Forge, BLS International Services, Chemplast Sanmar, Coal India, Edelweiss Financial Services, Hindustan Aeronautics, Mazagondock Shipbuilders, Samvardhana Motherson International, NHPC
Yatharth Hospital and Trauma Care: Healthcare services provider Yatharth Hospital and Trauma Care Services on Sunday announced the acquisition of a 100 per cent stake in the 175-bed Faridabad-based Asian Fidelis Hospital for an enterprise value of Rs 116 crore.
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This comes after Yatharth Hospital announced entering a definitive agreement with Pristine Infracon and its shareholders to acquire the hospital by way of a 100 per cent equity purchase from the existing shareholders, according to the company statement.
Indian Railways Catering and Tourism Corporation: IRCTC has incorporated a wholly-owned subsidiary company in the name of ‘IRCTC Payments Ltd’ for the purpose of payment aggregator business.
Orient Press: The Board has approved for setting up of new manufacturing facility/plant for new line of business of production of candles.
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JSW Group: The JSW Group has signed a deal worth Rs 40,000 crore with the Odisha government to set up an electric vehicle (EV) and electric vehicle battery manufacturing project at Cuttack and Paradip.
Dr Reddy’s Labs: The company’s formulations manufacturing facility (FTO-3) in Bachupally, Hyderabad, has received the Establishment Inspection Report (EIR) from the USFDA, where the inspection has been classified as Voluntary Action Indicated (VAI).
Railtel Corp: Company receives order worth Rs 18.21 crore from the Minsitry of Defence.
Easy Trip Planners: The Board has considered and in-principally approved the proposal to open a 5-star hotel in Ayodhya, which is less then one kilometer from Shree Ram Mandir, through investment of an amount of up to Rs 100 crore in Jeewani Hospitality Private Limited.
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ONGC: Oil and Natural Gas Corporation Ltd (ONGC) reported a 9.9% year-on-year (YoY) decline in consolidated net profit for the quarter ended December 2023 to Rs 10,356 crore.
Divi’s Labs: Pharma major Divis Labs reported a consolidated net profit of Rs 358 crore for the quarter ended December, up 17% from Rs 306 crore posted in the same period last year.
Paytm: One 97 Communications Ltd on Friday said that it will form a group advisory committee, chaired by former SEBI Chairman M. Damodaran, to work with the board for strengthening compliance, and regulatory matters.
Honasa Consumer: Honasa Consumer, which owns and operates Mamaearth, reported 265% growth in its consolidated net profit to Rs 26 crore for the quarter ended December.
