Alembic Pharmaceuticals Ltd, New India Assurance Company Ltd, India Cements Ltd and Great Eastern Shipping Company Ltd are among the other gainers in the BSE's 'A' group today, 30 November 2023.

Camlin Fine Sciences Ltd surged 9.48% to Rs 138.05 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 42046 shares in the past one month.

Alembic Pharmaceuticals Ltd soared 8.15% to Rs 778. The stock was the second biggest gainer in 'A' group. On the BSE, 1.2 lakh shares were traded on the counter so far as against the average daily volumes of 5776 shares in the past one month.

New India Assurance Company Ltd spiked 7.79% to Rs 249.75. The stock was the third biggest gainer in 'A' group. On the BSE, 5.41 lakh shares were traded on the counter so far as against the average daily volumes of 4.55 lakh shares in the past one month.

India Cements Ltd gained 7.36% to Rs 250.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.34 lakh shares were traded on the counter so far as against the average daily volumes of 1.53 lakh shares in the past one month.

Great Eastern Shipping Company Ltd added 6.60% to Rs 866. The stock was the fifth biggest gainer in 'A' group. On the BSE, 21916 shares were traded on the counter so far as against the average daily volumes of 18875 shares in the past one month.

The company will own 51% in the joint venture company which will have the intellectual property and know-how of products for battery application and a pilot plant for the same.

PCBL stated that it will infuse $16 million into the JV followed by an investment of up to $28 million in stages, in the JV company for setting up manufacturing facility for nano silicon-based products.

The company added that the joint venture is being done to expand into the growing battery application market (eg. electronic vehicles, etc) where there is immense potential of profitable growth. The company is in the process of creating a value-added product portfolio which can command high margins and this is a major step towards the same.

The joint venture will be created within 60 days, said the company .

PCBL (formerly Phillips Carbon Black), a part of RP-Sanjiv Goenka Group, is India's largest carbon black producer and exporter.

The company?s consolidated net profit rose 5.4% to Rs 122.64 crore despite of 8.7% decline in net sales to Rs 1,486.71 crore in Q2 FY24 over Q2 FY23.

The counter hit an all time of Rs 281.95 in today?s intraday session.

The said drug is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), PULMICORT RESPULES (budesonide) Inhalation Suspension by Astrazeneca Pharmaceuticals LP. The product is expected to be launched in FY25.

According to IQVIA, the product has an estimated market size of $226.4 million for the twelve months ending September 2023.

The company said that this is the 173rd ANDA approval (including 9 tentative approvals received) out of Eugia Pharma Specialities Group (EPSG) facilities, manufacturing both oral and sterile specialty products.

Aurobindo Pharma develops, manufactures and distributes generic pharmaceuticals, branded specialty pharmaceuticals and active pharmaceutical ingredients.

The drug maker's consolidated net profit jumped 84.93% to Rs 757.18 crore on 25.79% increase in total revenue from operations to Rs 7,219.42 crore in Q2 FY24 over Q2 FY23.

The company's EIB includes prominent industry leaders such as Rajiv Dinesh, with expertise in Location Intelligence from Delhivery; Navin Paul, an Automotive specialist from Bosch and Honda Motors; and Dhruva Rajan, an expert in the Mobility sector and former CEO at Ola Maps. Genesys International aspires to surpass consumer and business expectations by setting new standards in mapping technology through ongoing innovation and collaboration with industry experts.

Genesys International Corporation is an advanced mapping company with a team of over 2,000 professionals. Leveraging the nationwide Genesys constellation of sensors, the company is constructing the new India map stack. Genesys International possesses unique expertise, which includes an understanding of emerging consumer applications in mapping technology and the ability to deliver solutions to enterprise and government markets.

On a consolidated basis, Genesys International Corporation reported net loss of Rs 3.30 crore in Q2 September 2023 as against net profit of Rs 4.78 crore in Q2 September 2022. Net sales declined 11.21% YoY to Rs 33.19 crore in Q2 September 2022.

The company plans to raise funds through the issuance of convertible equity warrants via preferential issue, subject to the necessary statutory and regulatory approvals. The approval process includes seeking the nod from the shareholders of the company, wherever required, said the firm.

The said fund will be raised through issue and allotment of up to 3,55,05,000 warrants, being each warrant convertible into one equity share of the face value of Rs 2 each on preferential basis at an issue price of Rs 155 including premium of Rs 153 per warrant.

?The company sees significant opportunities for future growth in the real estate sector and views it as a strategic priority to expand its real estate business by acquiring new projects, expediting the completion of ongoing projects, and enhancing its overall presence. To achieve these objectives, the company believes it requires long-term capital resources,? Man Infraconstruction stated in the press release.

Further, the firm added that the decision to raise funds is attributed to the current positive trend in the real estate sector, coupled with the company's established track record in project execution and a strong balance sheet. The fund infusion, as proposed through the preferential issue of convertible equity warrants, is expected to support and drive robust growth in the company's business in the future.

Manan Shah, managing director, Man Infraconstruction, said, We see tremendous growth potential in the Indian real estate sector and are eager to capitalize on opportunities in the booming economy.

Man Infraconstruction has two business verticals viz., construction and real estate development. Maninfra is an integrated EPC (engineering, procurement and construction) company with nearly six decades of experience and execution capabilities in port, residential, commercial & industrial and road construction segments with projects spanning across India.

The company?s consolidated net profit jumped 30.7% to Rs 69.65 crore in Q2 FY23 as against Rs 53.28 crore in Q2 FY23. Net sales tumbled 46.3% year on year to Rs Rs 215.29 crore during the quarter.

Shares of Man Infraconstruction fell 0.87% to Rs 187.80 on the BSE.

Alembic Pharmaceuticals Ltd, Reliance Industries Ltd, Akzo Nobel India Ltd, Metro Brands Ltd are among the other stocks to see a surge in volumes on BSE today, 30 November 2023.

Timken India Ltd recorded volume of 23.06 lakh shares by 10:48 IST on BSE, a 1030.66 times surge over two-week average daily volume of 2237 shares. The stock lost 0.10% to Rs.2,930.00. Volumes stood at 2305 shares in the last session.

Alembic Pharmaceuticals Ltd recorded volume of 1.02 lakh shares by 10:48 IST on BSE, a 18.09 times surge over two-week average daily volume of 5664 shares. The stock gained 9.54% to Rs.788.00. Volumes stood at 4174 shares in the last session.

Reliance Industries Ltd clocked volume of 42.72 lakh shares by 10:48 IST on BSE, a 14.45 times surge over two-week average daily volume of 2.96 lakh shares. The stock lost 0.45% to Rs.2,389.60. Volumes stood at 3.24 lakh shares in the last session.

Akzo Nobel India Ltd recorded volume of 2180 shares by 10:48 IST on BSE, a 4.79 times surge over two-week average daily volume of 455 shares. The stock lost 0.50% to Rs.2,458.50. Volumes stood at 494 shares in the last session.

Metro Brands Ltd registered volume of 16191 shares by 10:48 IST on BSE, a 3.96 fold spurt over two-week average daily volume of 4092 shares. The stock rose 4.48% to Rs.1,385.00. Volumes stood at 4588 shares in the last session.

Meanwhile, the company has issued a corporate guarantee of $ 126 Million in favour of Axis Trustee Services (GIFT city branch) for term facility to be availed by its wholly-owned subsidiary JSW Terminal (Middle East) FZE from Axis Bank, Dubai

JSW Terminal (Middle East) FZE has agreed to avail financial assistance by way of a term facility of an aggregate principal amount of not exceeding $ 120,000,000 from Axis Bank for the purpose of the acquisition of equity shares of the Marine Oil Terminal Corp.

JSW Infrastructure is part of the JSW Group. JSW Infrastructure is the second largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023 operating environment-friendly seaports & terminals. It operates nine state port concessions strategically located on the west and east coasts of India. Its largely mechanized cargo handling system enable quick turnaround times while ensuring efficient use of existing resources.

The company?s consolidated net profit surged 88.95% to Rs 254.40 crore on 28.14% increase in net sales to Rs 848.31 crore in Q2 FY24 over Q2 FY23.

The scrip shed 0.88% to Rs 209.10 on the BSE.

This strategic alliance marks the introduction of RateGain's airline pricing solution, AirGain, enhancing the capabilities of Best Airlines Rep's airline partners by offering immediate access to pricing insights from over 200 sources. This includes data from websites, mobile apps, GDS, and more, ensuring quick and up-to-the-minute information.

Best Airlines Rep, which has a significant presence in Europe and Africa, offers airlines a wide range of services, from sales and marketing to comprehensive back-office support, emphasizing cost efficiency and strategic market positioning. They have recently partnered with InterGSA and Enlloy Aviation, and, together with Best Airlines Rep Marketing, have founded a new global GSA named Best Airlines Rep, representing even larger portfolios of airlines.

The recent incorporation of AirGain's technology streamlines their operations, granting automated market insights and real-time pricing data, enhancing service quality for partner airlines. This not only keeps Best Airlines Rep on top of market trends but also empowers them to lead, boosting the competitiveness and profitability of the airlines they represent.

Vinay Varma, senior vice president and general manager at AirGain, said: This partnership with Best Airlines Rep is a testament to our shared vision of transforming the aviation industry through technological empowerment. We are excited to see how our collaborative efforts will redefine the future of airline pricing and distribution.

The AirGain solution now has the capability to provide market-wise point-of-sale comparative fares, which are essential for GSAs like FT. By empowering GSAs like FT, AirGain can aggregate localized pricing, which eventually helps the GSAs provide an accurate market position to the central airline revenue management teams.

RateGain Travel Technologies is a global provider of SaaS solutions for travel and hospitality. It is one of the world's largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises and ferries drive better outcomes for their business.

The company reported 131.8% zoomed in consolidated net profit to Rs 30.04 crore on 88.4% jump in net sales surged to Rs 234.72 crore in Q2 FY24 over Q2 FY23.

The scrip shed 0.10% to currently trade at Rs 660.05 on the BSE.

So far, the stock has hit a high of 139.55 and a low of 133.15. On the BSE, over 3.27 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Fedbank Financial Services subscribed 2.20 times. The issue opened for bidding on 22 November 2023 and it closed on 24 November 2023. The price band of the IPO was fixed at Rs 133-140 per share.

The offer consisted of fresh issue of 4.51 crore equity shares and an offer for sale of 4.29 crore equity shares.

The issue also consisted of offer for sale (OFS) of 3.52 crore equity shares to raise Rs 467.65-492.26 crore. The promoter - Federal Bank has offered 5,474,670 equity shares for sale through OFS and investor selling shareholder True North Fund VI LLP has offered 29,687,053 equity shares for sale.

The promoter and promoter group shareholding would decline to 62.4% post- IPO from 72.3% pre-IPO.

The company proposes to utilize the net proceeds from the fresh issue towards augmenting the capital base to meet future capital requirements, arising out of the growth of business and assets. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for the equity shares in India.

Ahead of the IPO, Fedbank Financial Services on 21 November 2023, raised Rs 323.4 crore from anchor investors. The board allotted 2.31 crore shares at Rs 140 each to 22 anchor investors.

Fedbank Financial Services (FedFina) is a retail focused non-banking finance company (NBFC) promoted by The Federal Bank. The company is focused on catering to the MSMEs and the emerging self-employed individuals (ESEIs) sector. It has a well-tailored suite of products targeted to match customers needs, which includes mortgage loans such as housing loans, small ticket loan against property (LAP) and medium ticket LAP, unsecured business loans, and gold loans.

FedFina is present in 17 states and union territories across India with a strong presence in Southern and Western regions of India. It has covered 190 districts in 17 states and union territories in India through 584 branches

The company reported a net profit of Rs 53.87 crore and Total income of Rs 367.87 crore for the three months ended on 30 June 2023.

The scrip was listed at Rs 1,199.95, exhibiting a premium of 140% to the issue price.

So far, the stock has hit a high of 1,400 and a low of 1199.95. On the BSE, over 17.53 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Tata Technologies was subscribed 69.43 times.The issue opened for bidding on 22 November 2023 and it closed on 24 November 2023. The price band of the IPO was fixed at Rs 475-500 per share.

The offer comprised a net offer of up to 5,27,36,909 equity shares, Tata Technologies employee reservation portion of 20,28,342 equity shares and the Tata Motors shareholders reservation portion of up to 60,85,027 equity shares.

The offer for sale by the selling shareholders comprised up to 4,62,75,000 shares by Tata Motors, up to 97,16,853 shares by Alpha TC Holdings PTE, and up to 48,58,425 shares by Tata Capital growth Fund II.

The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold by the respective selling shareholders as part of the offer.

The offer size was cut from 9.57 crore shares to 6.09 crore shares after Tata Motors sold a 9.9% stake in Tata Technologies to investors led by private equity major TPG in October 2023.

Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier 1 suppliers. The company has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries, such as in aerospace and transportation and construction heavy machinery (TCHM).

Tata Technologies is a subsidiary of Tata Motors and is part of Tata group. The company as of 30 September 2023, had 19 global delivery centers spread across North America, Europe, and Asia Pacific.

The company reported a net profit of Rs 351.90 crore and net sales of Rs 2,526.70 crore for the six months ended on 30 September 2023.

So far, the stock has hit a high of 344.60 and a low of 295.40. On the BSE, over 14.67 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Gandhar Oil Refinery (India) was subscribed 64.06 times. The issue opened for bidding on 22 November 2023 and it closed on 24 November 2023. The price band of the IPO was fixed at Rs 160-169 per share.

The offer consisted of fresh issue of 1.78 crore equity shares and an offer for sale of 1.17 crore equity shares.

The company proposed to utilize the net proceeds from the fresh issue towards funding investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from Bank of Baroda, amounting Rs 22.71 crore, capital expenditure through purchase of equipment and civil work required for expansion in capacity of automotive oil at the Silvassa plant, amounting Rs 27.73 crore, funding working capital requirements of the company amounting Rs 185.01 crore, and the balance towards general corporate purposes.

Incorporated in 1992, Gandhar Oil Refinery India (GORL) is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. The company has three main business divisions: PHPO (personal care, healthcare, and performance oils), lubricant and PIO (process and insulating oils). As of June 30, 2023, its product suite comprised over 440 products primarily across the PHPO, lubricants and PIO divisions under the Divyol brand.

GORL's key customers are P&G (for petroleum jelly in the Indian market), Unilever, Bajaj Consumer Care, Dabur, Emami, Marico, Patanjali Ayurved, Amrutanjan Healthcare, Supreme Petrochem, Encube.

The firm reported a net profit of Rs 54.29 crore and total income of Rs 1,070.34 crore for the three months ended on 30 June 2023.

Among the components of the S&P BSE FMCG Sector index, Triveni Engineering and Industries Ltd (up 3.08%), Gokul Agro Resources Ltd (up 2.31%),Dwarikesh Sugar Industries Ltd (up 1.93%),Chamanlal Setia Exports Ltd (up 1.55%),L T Foods Ltd (up 1.51%), were the top gainers. Among the other gainers were Bannari Amman Sugars Ltd (up 1.44%), Gujarat Ambuja Exports Ltd (up 1.32%), Bikaji Foods International Ltd (up 1.23%), Ugar Sugar Works Ltd (up 1.21%), and Jyothy Labs Ltd (up 1.14%).

On the other hand, Adani Wilmar Ltd (down 2.32%), Mrs Bectors Food Specialities Ltd (down 1.41%), and VST Industries Ltd (down 1.24%) turned lower.

At 09:48 IST, the S&P BSE Sensex was down 33.33 or 0.05% at 66868.58.

The Nifty 50 index was up 26 points or 0.13% at 20122.6.

The S&P BSE Small-Cap index was up 62.41 points or 0.16% at 40051.98.

The S&P BSE 150 Midcap Index index was up 32.27 points or 0.27% at 11832.5.

On BSE,1698 shares were trading in green, 1239 were trading in red and 145 were unchanged.

Among the components of the S&P BSE Auto index, Hero MotoCorp Ltd (up 3.26%), Mahindra & Mahindra Ltd (up 1.89%),Eicher Motors Ltd (up 0.69%),Maruti Suzuki India Ltd (up 0.33%),Apollo Tyres Ltd (up 0.26%), were the top gainers. Among the other gainers were Balkrishna Industries Ltd (up 0.23%), Bajaj Auto Ltd (up 0.19%), Tata Motors Ltd (up 0.06%), and Cummins India Ltd (up 0.02%).

On the other hand, Tube Investments of India Ltd (down 1.75%), Samvardhana Motherson International Ltd (down 0.73%), and Bosch Ltd (down 0.43%) moved lower.

At 09:48 IST, the S&P BSE Sensex was down 33.33 or 0.05% at 66868.58.

The Nifty 50 index was up 26 points or 0.13% at 20122.6.

The S&P BSE Small-Cap index was up 62.41 points or 0.16% at 40051.98.

The S&P BSE 150 Midcap Index index was up 32.27 points or 0.27% at 11832.5.

On BSE,1698 shares were trading in green, 1239 were trading in red and 145 were unchanged.

Among the components of the S&P BSE Healthcare index, Alembic Pharmaceuticals Ltd (up 12.87%), Jagsonpal Pharmaceuticals Ltd (up 7.17%),Gufic BioSciences Ltd (up 6.52%),Rajnish Wellness Ltd (up 6.46%),Aarti Pharmalabs Ltd (up 3.91%), were the top gainers. Among the other gainers were Sun Pharma Advanced Research Company Ltd (up 2.79%), Granules India Ltd (up 2.7%), J B Chemicals & Pharmaceuticals Ltd (up 2.58%), Glaxosmithkline Pharmaceuticals Ltd (up 2.31%), and Suven Life Sciences Ltd (up 1.99%).

On the other hand, Aster DM Healthcare Ltd (down 2.39%), KMC Speciality Hospitals (India) Ltd (down 2%), and Sequent Scientific Ltd (down 1.89%) moved lower.

At 09:48 IST, the S&P BSE Sensex was down 33.33 or 0.05% at 66868.58.

The Nifty 50 index was up 26 points or 0.13% at 20122.6.

The S&P BSE Small-Cap index was up 62.41 points or 0.16% at 40051.98.

The S&P BSE 150 Midcap Index index was up 32.27 points or 0.27% at 11832.5.

On BSE,1698 shares were trading in green, 1239 were trading in red and 145 were unchanged.

Adani Energy Solutions Ltd lost 2.81% today to trade at Rs 851.65. The S&P BSE Utilities index is down 0.63% to quote at 3972.71. The index is up 11.04 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd decreased 2.47% and Inox Green Energy Services Ltd lost 1.99% on the day. The S&P BSE Utilities index went up 2.49 % over last one year compared to the 6.1% surge in benchmark SENSEX.

Adani Energy Solutions Ltd has added 10.65% over last one month compared to 11.04% gain in S&P BSE Utilities index and 4.81% rise in the SENSEX. On the BSE, 67175 shares were traded in the counter so far compared with average daily volumes of 1.64 lakh shares in the past one month. The stock hit a record high of Rs 3000 on 01 Dec 2022. The stock hit a 52-week low of Rs 630 on 01 Mar 2023.

Sat Industries Ltd rose 8.62% today to trade at Rs 117.43. The S&P BSE Industrials index is up 0.47% to quote at 10647.89. The index is up 8.45 % over last one month. Among the other constituents of the index, Texmaco Infrastructure & Holdings Ltd increased 2.91% and Roto Pumps Ltd added 2.72% on the day. The S&P BSE Industrials index went up 53.28 % over last one year compared to the 6.1% surge in benchmark SENSEX.

Sat Industries Ltd has added 26.95% over last one month compared to 8.45% gain in S&P BSE Industrials index and 4.81% rise in the SENSEX. On the BSE, 1.17 lakh shares were traded in the counter so far compared with average daily volumes of 1.27 lakh shares in the past one month. The stock hit a record high of Rs 145.5 on 21 Aug 2023. The stock hit a 52-week low of Rs 54.9 on 27 Apr 2023.

This investment marks the company?s entry in the State of Jharkhand.

The company?s capacity in India now stands at 133 million tonnes per annum (MTPA),? the cement maker said in a statement.

UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third largest cement producer in the world, outside of China, with a consolidated Grey Cement capacity of 137.85 MTPA.

The cement major's consolidated net profit jumped 69.56% to Rs 1,281.45 crore on 15.26% rise in revenue from operations to Rs 16,012.13 crore in Q2 FY24 over Q2 FY23.

The partnership includes coverage across Russia, encompassing key locations such as Moscow, St. Petersburg, Sochi, Minsk, Kaliningrad, Yekaterinburg, Vladivostok, and Novosibirsk.

DreamFolks is India's leading airport & travel services aggregator and provides an in-house proprietary technology platform that allows its clients such as Banks, Card Networks, Airlines, OTAs, and Enterprises to create custom offerings for their end consumers. DreamFolks today manages the lounge and other benefits for most of the top Banks in India and enjoys a market share of over 90% in the domestic lounge access market for India-issued debit and credit programs. The company went public in Sep ?22 with listings on both BSE and NSE and has a global footprint extending to 1,500+ touchpoints in 100+ countries, across the world.

The company reported 20.4% increase in consolidated net profit to Rs 17.85 crore on 65% jump in revenue from operations to Rs 282.49 crore in Q2 FY24 over Q2 FY23.

Shares of Dreamfolks Services rose 2.86% to Rs 553.10 on 29 November 2023.

Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, renovating, operating, managing and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. Also, some of the Group companies provide project management services and learning & development services.

The company?s consolidated net profit jumped 35.1% to Rs 22.65 crore on 15.5% increase in net sales to Rs 227.20 crore in Q2 FY24 over Q2 FY23.

Shelter Pharma primarily focuses in manufacturing herbal products with well-built presence in Human Pharma as well as Veterinary space. In the Human pharma segment, Shelter has product portfolio of OTC products as well Ethical pharma products. Similarly, Shelter has OTC and Ethical presence in Veterinary segment. Shelter Pharma also has presence in various other countries like Egypt, Kuwait, Bangladesh, Qatar. The company has 18 employees.

The company recorded a revenue from operations of Rs 30.12 crore and net profit of Rs 4.94 crore for the period ended as on 31 March 2022.

The BSE SME stock was listed on 23 August 2023. The scrip was listed at Rs 39.97, a discount of 4.83% compared with the issue price of Rs 42. The initial public offer (IPO) of Shelter Pharma was subscribed 13.63 times. The issue opened for bidding on 10 August 2023 and it closed on 14 August 2023. The price of the IPO was fixed at Rs 42 per share.