Stocks To Watch 16 Sep 2024

Stocks To Watch • TVS Motor: The company launched the new Apache RR 310 at starting price of Rs 2.75 lakh, ex-showroom. It is the company's flagship offering in the super premium sports motorcycle category. • Torrent Power: The company entered an MoU with the government of Gujarat for execution of 5 GW solar, wind or solar-wind hybrid project in Dwarka. • FirstSource Solutions: The company partnered with Microsoft for digital services. • Globus Spirits: The company launched its first single malt whisky under brand DÅŒAAB India Craft Whisky. • Tarmat: The company, in an 80:*20 joint venture, received Rs 139-crore order from Maharashtra Infrastructure Development Corp. • Panacea Biotech: The company has reached a settlement agreement with Sanofi India in case of marketing dispute over alleged patent infringement. Sanofi agreed to not commercially launch the disputed vaccine in India. • Carborundum Universal: The company said it will acquire the US-based Silicon Carbide Products for Rs 56 crore. • Reliance Infra: The company will consider fundraise on Sept. 19. • JK Tyre: The company approved the plan to merge Cavendish Industries with it. • Indo Count Industries: The company's unit bought 81% stake in the US-based Fluvitex for $19.6 million. It also has an exclusive option to buy balance 19% for $4.6 million in the next five years. • Monarch Networth: The company appointed Govinda Meghani as CFO with effect from Monday. • Sandur Manganese: The company approved raising up to Rs 1,000 crore via QIP. • HEG: Gulshan Sakhuja resigned as CFO with effect from Monday. • Allcargo Terminals: The company's volumes in August 2024 were 53.6’000 TEUs depicting a marginal decline of 1% over last month as well as previous year.