Prostarm Info System

June 24 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - DECLARED L-1 BIDDER FOR 40.3 MILLION RUPEES CONTRACT

Source text: ID:nBSEtv7k3

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June 23 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD- DECLARED AS L-1 BIDDER FOR PROJECT WORTH 40.3 MILLION RUPEES

Source text: ID:nnAZN4T3RE2

Further company coverage: PRON.NS

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June 16 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD- APPROVED STRATEGIC REALIGNMENT OF CERTAIN MANUFACTURING AND BUSINESS OPERATIONS OF CO

Source text: ID:nNSEb5phlj

Further company coverage: PRON.NS

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** Shares of Prostarm Info Systems PRON.NS rise as much as 13.2% to their highest since February 27 at 148 rupees; last up 9.3%

** UPS and inverter maker gets order worth 1.65 billion rupees ($17.80 million) from Solarium Green Energy

** Order for execution of engineering, procurement and construction works for 50 MWac solar PV power project in Maharashtra state

** YTD, PRON down about 20%

($1 = 92.6980 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

April 7 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD - GETS ORDER WORTH 1.65 BILLION RUPEES

Source text: ID:nBSE62dFDZ

Further company coverage: PRON.NS

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** Shares of Prostarm Info Systems PRON.NS rise 2.9% to 127.65 rupees, set to snap four-session losing streak

** UPS and inverter maker declared lowest bidder for order worth 904.4 mln rupees ($9.8 mln) from West Bengal Medical Services Corp

** Order for supply and commissioning of 6 kVA UPS at 3,439 centres across West Bengal

** Trading volume at 1.3x 30-day average so far

** YTD, PRON down about 28%

($1 = 92.4325 Indian rupees)

(Reporting by Vijay Malkar)

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March 13 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• GETS LOA FROM SAIL FOR 67.1 MILLION RUPEES

Source text: ID:nNSE6hwlyc

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Feb 23 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• RECEIVES LOA FOR SOLAR POWER PLANT AT 134.3 MILLION RUPEES

Source text: ID:nNSEbrLWm8

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Jan 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER BY SAIL FOR SOLAR PROJECT

• PROSTARM INFO SYSTEMS LTD - TO SUPPLY 2MW SOLAR SYSTEM FOR 67.1 MILLION RUPEES

Source text: ID:nBSEdNNrT

Further company coverage: PRON.NS

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** Drugmaker Cipla's CIPL.NS stock falls as much as 4.7% to 1,367.20 rupees, lowest level since April 2025

** Last down 2.4%, top loser on Nifty 50 .NSEI, which is up 0.77%

** Tumour drug Lanreotide supply hit after partner Pharmathen's production pause; drug is major rev source for CIPL in U.S.

** Nuvama downgrades to "reduce" from "hold", cuts PT to 1,360 rupees from 1,715 rupees; says pause brings uncertainty for FY27E

** BofA Securities cuts PT to 1,420 rupees from 1,500 rupees; says co's near-term earnings, news flow could weigh on stock

** Morgan Stanley says pause creates U.S. revenue overhang; stock to underperform over next 30 days

** CIPL rated "buy" on avg by 36 analysts, median PT 1,675 rupees - LSEG data

(Reporting by Brijesh Patel in Bengaluru)

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** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS stock rises nearly 5% to 204.05 rupees

** Co expands footprint into Odisha capital Bhubaneswar, its 17th city of operations across India

** All four analysts covering IDIQ rate it "buy"; median PT at 310 rupees - data compiled by LSEG

** Stock down 5.5% since debut in July, 2025

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Shares of HDFC Bank HDBK.NS slip 1.2% to 989.45 rupees after co's quarterly update

** India's top private lender posted 2.7% sequential quarterly loan growth to 28.45 trillion rupees ($315.27 billion) as of December-end on Monday, supported by festive season credit demand and sweeping tax cuts

** Deposits increased 2.1% to 28.6 trillion rupees

** "Overall systemic credit growth is showing signs of improvement, at 11.4% YoY now from a low of about 9% in May 2025," said brokerage Emkay in a note on the Indian banking sector.

** Stock rated "buy" on avg by 38 brokerages, median PT at 1,160 rupees - data

($1 = 90.2400 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

Dec 30 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• SETTING UP NEW MANUFACTURING UNIT AT BAKROL, GUJARAT

• ESTIMATED CAPEX OF 60 MILLION RUPEES

Source text: ID:nBSE13PmWQ

Further company coverage: PRON.NS

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** Shares of Ola Electric Mobility OLAE.NS climb 4.5% to 55.11 rupees

** Electric scooter maker launched its first battery energy storage systems (BESS) solution

** Expects annual consumption for BESS to scale up to 5 gigawatt-hour in the next couple of years

** Introductory prices start at 29,999 rupees ($341.47) for a 1.5 kilowatt-hour battery; prices go up to 159,999 rupees for 9.1 KWh for the first 10,000 units

** Stock top percentage gainer on the Nifty small-cap index .NIFSMCP100, which is up 0.4%

** OLAE stock is rated "hold" on avg by 7 brokerages, median PT at 45 rupees - data compiled by LSEG

** Stock down 35.6% YTD

($1 = 87.8538 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of HCLTech HCLT.NS drop 0.9% ahead of quarterly report due later in the day

** Analysts, on avg, expect co to post Q2 consolidated revenue of 313.55 billion rupees vs 288.62 billion rupees a year ago - data compiled by LSEG

** However, analysts say Indian IT firms are set for another quarter of tepid earnings as weak global demand, steep U.S. tariffs and trade jitters weigh

** India's top IT firm TCS TCS.NS kickstarted IT earnings last week; beat quarterly revenue estimates but its plans to invest $7 bln in a 1 GW data centre sparked cautious reactions

** Analysts project better sequential revenue growth for HCLT on deals ramp-up, particularly in BSFI segment and hi-tech verticals

** HCLT among 5 stocks rated "hold" on 10-member IT index .NIFTYIT, TCS is rated "buy" - LSEG data

** As of Friday's close, HCLT down ~22% so far in 2025 vs ~18% decline in IT index

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Citi Research raises PT on India's Eternal ETEA.NS to 395 rupees from 320 rupees, implying ~16% upside to last close; keeps "buy"

** Shares of Eternal, which owns Zomato and Blinkit, rises as much as 1.5% to a record high of 346.8 rupees

** Citi says Blinkit's growth momentum "remains stellar" on user acquisition focus, continued investment in dark store expansion, adding new cities

** Sees strong rise in app traffic in Q2 for Blinkit, driven by festive season in later part of quarter

** Expects Blinkit's gross order value (GOV) to grow at 140% y/y in Q2 vs 106% for rival Swiggy's SWIG.NS Instamart

** Expects slight improvement in Zomato's food delivery growth on better traffic conversion, increase in investments

** Estimates Zomato's Q2 GOV to grow at 18%

** Eternal, Swiggy rated "buy" on avg, per data compiled by LSEG

** YTD, ETEA up 24%, SWIG down ~21%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Fast moving consumer goods demand remained steady in Q2 but GST cuts transition, extended monsoon led to a temporary slowdown, Elara Capital analysts say

** The recent GST cuts will likely boost consumer demand but firms saw transitory impact on volumes in the near-term as retailers cleared existing inventory at old prices, denting sales - Elara

** Elara's preferred picks are Marico MRCO.NS, Tata Consumer TACN.NS and Titan TITN.NS, on likely pricing gains in categories including coconut oil, tea and gold

** Expects Colgate COLG.NS, Emami EMAM.NS and Varun Beverages VARB.NS to post below-average volume growth due to unfavorable weather conditions, de-stocking due to GST cuts and hightened competition

** Adds, input prices for commodities were mixed in the quarter

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Fortis Healthcare FOHE.NS stock rises as much as 7.4% to record 1,052.90 rupees

** Top gainer on Nifty healthcare index .NIFHEIN, which is up 0.6%

** Malaysia's IHH Healthcare IHHH.KL gets SEBI's approval to acquire an additional 26.1% stake each in Fortis and its unit Malar

** IHH's stake in Fortis stands at 31.17%, as of June 30

** Shares of IHH gained 2.2% on the day

** FOHE rated "buy" on avg by 13 analysts, median PT 980 rupees - data compiled by LSEG

** YTD, FOHE up 45%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Adds chart

** India's Nifty IT index .NIFTYIT was down 1.5%, with all 10 stocks on the index trading in the red

** Analysts say dicretionary demand for India's IT service providers remains unchanged after bellwether U.S. tech company Accenture ACN.N reported fourth-quarter earnings

** Accenture's muted growth guidance poses downside risks to consensus expectations of acceleration in growth in FY27 for Indian IT firms, analysts at Jefferies said in a note

** Macquarie analysts say the common takeaway is that "demand recovery is patchy as of now"

** Heavyweights Infosys INFY.NS and TCS TCS.NS decline 1.4% each

** LTIMindtree LTIM.NS was the top percentage loser, down 2.2%

** Goldman Sachs analysts say FY26 revenue growth expectations remain unchanged but FY27 rev growth estimate for Indian IT firms could be at risk if discretionary demand shows no signs of improvement this year

** NIFTYIT down ~21% so far in 2025 vs a ~5% rise in Nifty 50 index .NSEI

(Reporting by Manvi Pant)

(([email protected]; +918447554364;))

** Shares of Tata Motors TAMO.NS fell 1.9% to 670.25 rupees, extending losses from previous session

** Stock down 4.4% in the two sessions

** Co's luxury car unit, Jaguar Land Rover (JLR), will likely bear the full cost for a damaging cyber attack - which led it to shutdown operations - costing billions of pounds in lost revenues and profit, the Financial Times reports

** Tata Motors did not immediately respond to a Reuters' request for comment

** It later extended the closure of its factories until October 1, Reuters reported earlier this week

** TAMO is the top drag on the Nifty auto index .NIFTYAUTO - down 0.5%

** Stock is the biggest percentage loser on Nifty 50 .NSEI, which was flat

** Stock rated "hold" on avg, median PT at 720 rupees - data compiled by LSEG

** Stock is down ~9% so far in 2025 vs an ~18% rise in NIFTYAUTO

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** HCLTech HCLT.NS rises as much as 1% to 1,444 rupees; last up 0.6%

** HCLT only stock in green on 10-member Nifty IT index .NIFTYIT, which is down 0.9%

** A Swedish truck and bus maker renews deal with co, signing multi-year contract for IT infrastructure, services

** No financial details disclosed

** Morgan Stanley says deal will likely aid co's total contract wins in Q2, boost confidence for HY2 FY26, build revenues on top of co's existing base

** Adds deal reaffirms co's ability to maintain scope in large deal renewals, signals improvement in co's market share

** Stock rated "hold" on avg, median PT is 1,670 rupees, per data compiled by LSEG

** YTD, HCLT falls ~25%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Metal stocks .NIFTYMET up 1%, set for fourth consecutive day of gains, as Nomura reiterates bullish stance on India's steel sector citing sustained domestic, global tailwinds

** Nomura notes China's anti-involution policies to cut production 9% y/y in rest of 2025

** While demand remains tepid in China and exports still remain at record levels, aggressive production cuts should provide some support - Nomura

** Maintans "buy" and raises PT for JSW Steel JSTL.NS to 1,300 rupees from 1,220 rupees and Jindal Steel JINT.NS to 1,150 rupees from 1,080 rupees

** Both up almost 2.5% on Tuesday

** Motilal Oswal says Tata Steel's TISC.NS Indian capacity expansion and European ops restructuring support earnings growth despite near-term global challenges

** Keeps "neutral" on TISC, 180 rupees PT; stock up almost 1%

** YTD, subindex up 16%, JSW and TISC gain 25%, JINT up 11%

(Reporting by Manvi Pant and Urvi Dugar in Bengaluru)

(([email protected]; +918447554364;))

** UBS hikes Avenue Supermarts AVEU.NS PT to 5,600 rupees from 5,050 rupees, nearly 19% upside to last close; keeps "buy" rating

** DMart supermarket chain operator's stock up 1.4% to 4,784.7 rupees

** Brokerage cites DMart's highest discount among peers at 21%, boosting customer loyalty in middle/lower-middle income segments

** Notes value retail edge in offline stores and online platform DMart Ready after store, channel checks

** DMart opened 130 stores across India in last 3 years; UBS estimates 230-250 new outlets in next three years

** Adds, growth set to accelerate on quick-commerce foray, value retail business model

** AVEU rated "hold" by 28 analysts on avg, median PT 4,040 rupees - data compiled by LSEG

** YTD, stock up 34%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's Nifty auto index .NIFTYAUTO trades 1.1% higher, leading gains among 16-major sub indexes

** Benchmark Nifty 50 index .NSEI rises 0.4% over U.S.-India trade negotiations optimism and ahead of the Federal Reserve's rate decision .BO

** Mahindra and Mahindra MAHM.NS climbs 1.2%, followed by Maruti Suzuki MRTI.NS and TVS Motor TVSM.NS, up ~1% and 1.2%

** Auto companies are seeing early signs of demand recovery on improved sentiment ahead of goods and services tax cuts, analysts at Nomura said

** The cuts have translated into immediate benefits for buyers and firms are reporting stronger enquiries, surge in bookings and an improved outlook for festive demand - Nomura

** MAHM is Nomura analysts' top pick

** The auto index is up ~18% so far in 2025 vs 6.5% rise in Nifty 50

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Jefferies starts coverage on Indian alcoholic beverage makers, United Spirits UNSP.NS, Radico Khaitan RADC.NS and Allied Blenders ALLE.NS with "buy"

** Stocks rise between 1% and 2.5%

** Jefferies sets price target for UNSP and RADC at 1,570 rupees and 3,590 rupees, respectively; sets Street High PT on ALLE at 620 rupees

** PT on UNSP, RADC, ALLE at ~20%, 25%, ~14% premium on last close

** Brokerage says the spirits sector offers premiumization-led strong growth potential; sees double-digit revenue CAGR across firms with room for margin expansion

** RADC is top pick for Jefferies, on the back of leading EPS CAGR growth over FY25-28; adds UNSP has likely favorable risk reward, ALLE has meaningful upside underway

** Estimates 20% EBITDA CAGR for RADC, ALLE and 13% for UNSP

** UNSP, RADC, ALLE rated "buy" on avg - data compiled by LSEG

** YTD, UNSP down ~19%; RADC, ALLE up 12%, 28%, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** JP Morgan initiates coverage on Indian pipe makers Astral ASTL.NS and Supreme Industries SUPI.NS with "overweight," price targets at 1,700 rupees and 4,930 rupees, respectively

** Shares of ASTL up 2.1% to 1,470.1 rupees, SUPI climbs 2.2% to 4,448.1 rupees

** PTs at ~18%, ~13% premium on last close of ASTL and SUPI, respectively

** JP Morgan sees India pipe majors nearing demand recovery, on the back of strong real-estate construction activity, higher water infrastructure spends and favorable channel inventories

** Expects double-digit volume growth for ASTL, SUPI in FY25-28 vs an 8% rise in the broader industry

** Upbeat on ASTL's leadership position in the chlorinated polyvinyl chloride pipes - a type of thermoplastic pipes - segment; see SUPI's scale and distribution edge as a key positive

** Both stocks rated "buy" on avg, median PTs at 1,494.5 rupees, 4,490 rupees, respectively - data compiled by LSEG

** YTD, ASTL, SUPI down ~11%, ~5%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Sept 5 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• GETS LOA FOR 150 MW/300 MWH BATTERY ENERGY STORAGE SYSTEM

• EXPECTS RENTAL OF 254,000 RUPEES PER MW PER MONTH FOR 12 YEARS FROM CONTRACT

Source text: ID:nNSE20RHDs

Further company coverage: PRON.NS

(([email protected];))

** Shares of quick service restaurant (QSR) operators gain between 1% and 3.5%

** India announced GST cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand

** While the GST rate on QSR output remains same, lower tax on key inputs like cheese, other dairy products and chicken is down to 5% from 12%

** Jefferies says Jubilant Foodworks JUBI.NS, Devyani International DEVY.NS and Sapphire Foods SAPI.NS to benefit

** JUBI up 3.5%, while DEVY and SAPI rise 2.7% and 1.7%, respectively

** McDonald's India operator Westlife Foodworld WEST.NS climbs as much as 4.9%, last up 1.1%

** JUBI, SAPI, WEST rated "hold" on avg, DEVY rated "buy" - data compiled by LSEG

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))