Stock Market highlights 13 January 2025:

Poly Medicure: Company announced a joint venture with AMPIN C&I Power Private Limited to establish a solar power project in Haryana, India. (Positive) 

Indegene: CliniOps Announces Strategic Partnership with Company to Accelerate Clinical Trials (Positive) 

Polyplex Corporation: Company announced a plan to add 52,400 MTPA of BOPET Film manufacturing capacity in India by H1 FY2027-28. This Approx. Rs 558 Cr investment. (Positive) 

NIBE Ltd: Company received “Mega Project” status for its Shirdi manufacturing facility, to produce aircraft parts, at a revised cost of Rs. 800 crores. (Positive) 

Oberoi Realty: Appointed as the developer for Bandra Reclamation slum project, securing ~3.2 lakh sq. ft. free sale area. (Positive) 

JSW Energy: Acquires 125 MW renewable energy assets from Hetero Group for ₹630 crore via JSW Neo Energy. (Positive) 

Biocon: Malaysia unit gets clearance from the USFDA. (Positive) 

Interarch: Company gets orders worth ₹221 cr in semiconductor & lithium-ion battery sector, from Tata Projects (Positive) 

NLC India: Arm NLC India Renewables and Assam Power Distribution Company sign joint venture agreement for development of solar power project in Assam (Positive) 

ICICI Lombard: Company gets tax relief of ₹174.6 crore (Positive) 

HEG: TACC Limited, has signed a non-binding MoU with Ceylon Graphene Technologies to advance graphene tech. (Positive) 

Afcom Holdings: Company has secured a long-term contract with Ethihad for regular cargo flights between Chennai and Male. (Positive) 

Just Dial: Net profit up 42.7% to ₹131.3 crore. Revenue up 8.4% to ₹287.3 crore. EBITDA margin at 30.1% from 22.7%. (Positive) 

Waaree Energies: Company to acquire 100% stake in Enel Green Power India from Enel Green Power Development for ₹792 crore. (Positive) 

Oil upstream stocks: Oil hits four-months high amid a fresh wave of US sanctions against Russia’s energy industry. (Positive) 

*SBI Life: December Premium grew by 15 percent YoY (Positive) 

ITC: Board of ITC Hotels allots 125.11 crore equity shares to shareholders of ITC. (Neutral) 

Sunteck Realty: Pre-sales in the third quarter up 40% from last year to ₹635 crore. Collections down 23.3% year-on-year to ₹336 crore. (Neutral) 

Everest Industries: Company announced the resignation of Mr. Pramod Nair as CFO, effective January 10, 2025. (Neutral) 

PCBL: Net profit at Rs 93.1 cr vs Rs 150 cr , Revenue at Rs 2010 cr vs Rs 1660 cr. (YoY) (Neutral) 

Dhunseri ventures: Company invested approximately Rs 30 Cr in its wholly-owned subsidiary, Dhunseri poly Films Pvt. Ltd. (Neutral) 

Shree Rama Multi Tech: Company announced the resignation of its Company Secretary and Compliance Officer, Mr. Sandip A. Mistry (Neutral) 

IIRM Holding: Company has completed the acquisition of 100% of the paid-up share capital of Sampada Business Solutions Limited. (Neutral) 

ICICI Prudential: APE for December 2024 at Rs 8.66 Billion, 15.6% (YoY) growth, New Business premium for December up 3.9% (YoY) (Neutral) 

HDFC Life: Premium growth degrew 4.5% to Rs 2,712 crore in December. (Neutral) 

Indian Overseas Bank: Bank to Hike Its Lending Rate by 5-10 bps in Some Tenures from Jan 15 2025. (Neutral) 

Sarda Energy: Company announced that its subsidiary has synchronized its 24.9 MW Rehar Small Hydro Power Project with the grid and commenced trial power production. (Neutral) 

Havells India: Company announced the record date for determining interim dividend eligibility. The record date is 22nd Jan 2025. (Neutral) 

DMart: Net profit up 4.8% at ₹723.7 cr vs ₹690.6 cr, Revenue up 17.7% at ₹15,972.6 cr vs ₹13,572.5 cr (YoY) (Neutral) 

Grasim: A minor process safety incident occurred at our Karwar Plant, Karnataka On January 11, 2025 , affected workers expected to make a full recovery. (Neutral) 

Adani Wilmar: Adani Commodities to exercise oversubscription of the OFS for another 1.51% stake. OFS to open for retail investors on Monday. (Neutral) 

Vodafone Idea: Vodafone sells entire stake in Indus towers for Rs 2,800 crore, clears Rs 890 crore debt. (Neutral) 

Infosys: Company accuses Cognizant of anti-competitive practices and poaching key talent. (Neutral) 

LIC: December premium down 41% (YoY), 9MFY25 premium up 7% (YoY) (Negative) 

Banking Sector: Business momentum as on 27th Dec’24 – Deposit growth in single digits; lowest in 46 fortnights (Negative)