After the stock market closed on Thursday, many companies received big updates. When the market opens on Friday 28 February, action will be seen in the shares of these companies.
Granules India: The US FDA has issued a warning letter to Granules’ Gagilapur facility based on its inspection conducted in August 2024. The company said that it would reply to the US FDA within the stipulated time frame. The company is confident that the matter will be resolved within a reasonable time frame. On Thursday, the company’s shares closed at Rs 503.60, down 2.17 per cent.
PB Fintech: PB Fintech informed about major changes in management after the market closed on Thursday. The company said that Paisabazaar CEO Naveen Kukreja has decided to step down, while Santosh Aggarwal has been made the CEO of Paisabazaar with effect from March 1. Agarwal has been with the group since 2011 and has been a top performer in the company in almost every year of the last decade.Naveen Kukreja will now play the role of Group President in PB Fintech.
Sanofi India: The company’s profit has increased by 33.7 per cent compared to last year and has increased from Rs 91.3 crore to Rs 137.7 crore. With this, the income has increased by 9.7 per cent to Rs 514.9 crore which was Rs 469.2 crore a year ago. EBITDA has increased by 18.8 per cent and has increased from Rs 99.6 crore to Rs 118.3 crore. The company’s margins have been at 23 percent which was 21.2 percent a year ago.
Coal India: The company said that from May 1, 2025, a uniform duty of Rs 300 per tonne will be imposed in all the mines of Northern Coalfields. The estimated additional revenue will be approximately Rs 3,877.50 crore. The company said in an exchange filing that in addition to the notified price of coal, a Singrauli charge of Rs 300 per tonne will be imposed uniformly in all the mines of NCL from May 1, 2025. This is expected to generate additional revenue of approximately Rs 3877.50 crore. On Thursday, the company’s shares closed at Rs 362.90 with a rise of 0.48 per cent.
RVNL: The company has received a Letter of Acceptance (LOA) from Central Railway for a project worth Rs 135.66 crore. The company said that Rail Vikas Nigam Limited has received a Letter of Acceptance from Central Railway for the design, supply, construction, testing and commissioning of 132/55 KV Traction Substation, Sectioning Posts (SPs) and Sub Sectioning Posts (SSPs), the company said. Which caters to 3000 MTING MODE in the BHUSAVAL- KINTRAVAL- KHANDWA section of 2 x 25 KV Transformer (Scott Connected Transformer).” Shares of the company closed at Rs 348 with a fall of 4.26 per cent on Thursday.
Ge Power: GE Power has received an additional contract worth Rs 273.5 crore from GREENKO KA01 IREP. Earlier, GE Power had received a contract worth Rs 863.4 crore from GREENKO KA01 IREP on April 29, 2022. The company’s shares closed at Rs 243.60 on Thursday with a decline of 4.02 per cent.
KSB: The company said that in the fourth quarter (Q4), the company’s profit increased by 33 per cent to Rs 73 crore, which was Rs 54.9 crore in the same quarter a year ago. The company’s income increased by 20.5 per cent year-on-year to Rs 726.4 crore, which was Rs 602.6 crore in the year-ago quarter. On Thursday, the company’s shares closed at Rs 607.95 with a decline of 1.66 per cent.
Schaeffler India: The company’s profit in Q4 increased by 13.2 per cent to Rs 237.3, which was Rs 209.6 in the same quarter a year ago. The company’s income has increased by 13.9 per cent to Rs 2,136 crore, which was Rs 1,874.6 crore in this quarter a year ago. The company has declared a dividend of Rs 28 per share. On Thursday, the company’s shares closed at Rs 3,050.20 with a decline of 2.05 per cent.
Kernex Microsystems: The company has informed us about getting big projects in its exchange filing on Thursday. The company said that the Kernex-MRT consortium has received a project worth Rs 325.33 crore from South Eastern Railway.”South Eastern Railway, Kolkata has issued a Letter of Acceptance (LOA) to KERNEX-MRT CONSORTIUM for the project of supply, installation, testing and commissioning of armour on GO & GO routes (688RKM) including associated work on sections of Kharagpur and Chakradharpur division of South Eastern Railway,” the company said in an exchange filing.
Tata Power: The company informed after the market close on Thursday that the company’s subsidiary has received an order worth Rs 632 crore from the Solar Energy Corporation of India (SECI). The company said that TP Solar Limited, Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power and operating India’s largest single-location solar manufacturing plant, has secured a contract from Solar Energy Corporation of India Limited (SECI) for the supply of 292.5 MWP DCR (solar modules).
Transrail Lighting: The company informed after the market close on Thursday that the company has received new orders worth Rs 2,752 crore in the Transmission and Distribution (T&D) segment. Transrail Lighting is one of the leading EPC players in the Transmission and Distribution (T&D) segment. Randeep Narang, MD and CEO of the company said, “We have received orders worth Rs 2,752 crore, which reaffirms our position as a trusted partner in the T&D industry. Our order book continues to grow, driven by competition including our backward integration. On Thursday, the company’s shares closed at Rs 486 with a fall of 3.39 per cent.
LIC: The insurance company has received GST, interest and penalty notice of Rs 479.88 crore for FY 2021. The company said that it has received a demand order for Goods and Services Tax, interest and penalty for the state of Maharashtra. This order is appealable before the Joint Commissioner of State Tax, Mumbai.
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