STALLION

Aug 11 (Reuters) - Stallion India Fluorochemicals Ltd STAF.NS:

• TO SET UP R-32 GAS MANUFACTURING PLANT

• PROPOSED INVESTMENT FOR PROJECT IS 1.20 BILLION RUPEES

Further company coverage: STAF.NS

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June 27 (Reuters) - Stallion India Fluorochemicals Ltd STAF.NS:

• STALLION INDIA FLUOROCHEMICALS - SETTLES LIABILITY WITH PAYMENT OF $1.3 MILLION

Source text: ID:nNSEpkznz

Further company coverage: STAF.NS

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April 8 (Reuters) - Stallion India Fluorochemicals Ltd STAF.NS:

• STALLION INDIA FLUOROCHEMICALS - NAMES VIRENDERKUMAR MEHTA AS CFO

Source text: [ID:]

Further company coverage: STAF.NS

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** Shares of Indian chemical makers SRF SRFL.NS, UPL UPLL.NS drop 5.1% and 1.6%, respectively, while Navin Fluorine NAFL.NS plunged 5.4%

** Deepak Nitrite DPNT.NS down 2.4%

** U.S. President Donald Trump imposed 26% reciprocal tariffs on Indian imports as part of his wider plan to levy a 10% baseline tariff on all imports from April 5

** Sectors including chemicals likely to take major hit from the broader tariffs, analysts at Nirmal Bang said in a note

** Chemicals account for about 4.01% of India's exports share to the U.S. - Nirmal Bang

** SRFL, DPNT rated "hold" on avg, UPL, NAFL rated "Buy" - data compiled by LSEG

** Year-to-date, SRFL, UPLL, NAFL, up 33%, ~31%, ~31%, while DPNT down ~19%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Ganesh Benzoplast GNSB.NS jump as much as 5.8% to 119.83 rupees, last up 2.9%

** The liquid storage tank provider bagged order for engineering, manufacturing, supply and construction of a chemical tank project

** Order valued at 1.69 billion rupees ($19.73 million)

** Year-to-date, stock down ~15%

($1 = 85.6420 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian telecom firm Vodafone Idea's shares VODA.NS surged 10% to 7.48 rupees in early trade

** Indian government to raise stake in the company to about 48.99% from 22.6% by converting 369.5 billion rupees ($4.32 billion) in outstanding spectrum auction dues into equity

** Government asks VODA to issue shares at 10 rupees apiece - a 47% premium on the last closing price

** Stock rated "Hold" on avg vs "Buy" rating on larger rivals Bharti Airtel BRTI.NS - data compiled by LSEG

** Year-to-date, VODA down ~6%, BRTI up ~9%

($1 = 85.4830 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of India's auto parts suppliers to Tesla TSLA.O drop between 4.5% and 7.6% after U.S. President Donald Trump unveiled 25% tariff on all car and auto parts imports

** Sona BLW SONB.NS, Tesla's biggest India supplier, down as much as 6.8%

** Samvardhana Motherson SAMD.NS and Bharat Forge BFRG.NS fall as much as 7.6% and 4.5%, respectively

** Tariffs on car imports are set to take effect from April 2, while those on parts from May 3

** Auto component companies have significant global exposure in the range of 30%-80% of their revenues and change in U.S. tariffs is a risk for them - J.P.Morgan

** SAMD, SONB rated "buy" on avg, BFRG rated "hold" - data compiled by LSEG

** Year-to-date, SAMD, SONB and BFRG down ~14%, ~17% and ~9%, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Laxmi Dental LAXD.NS gain as much as 5% to 435.25 rupees; snapping three sessions of losses

** Brokerage Nuvama starts coverage on stock with 'buy' and price target of 570 rupees, implying a ~38% upside from the last close

** Says the dental products maker is poised to capture meaningful share of the "underpenetrated and fragmented" dental care market

** Adds LAXD's wide portfolio, demand for aesthetics in dental care, digitalisation and rising income are key tailwinds for co's growth

** Laxmi is directly targeting dental service organizations in the U.S., which should also accelerate exports growth - Nuvama

** Expects revenue and adjusted PAT to grow at 26% and 59% CAGR over FY25-28

** LAXD down ~23% since trading debut on January 20

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Brigade Enterprises BRIG.NS climbs as much as 6.5% to at 1,057.85 rupees, nearly 6-week high

** Real estate developer buys 4.4-acre land parcel in Bengaluru for premium residential project

** Project's gross development value is 9.5 bln rupees (~$111 mln)

** Over 526,000 shares traded vs 30-day avg of 352,687

** Stock top gainer on Nifty realty index .NIFTYREAL, which is up 0.22%

** BRIG rated "buy" on avg, same as peer Oberoi Realty OEBO.NS and Godrej Properties GODR.NS, per data compiled by LSEG

** YTD, BRIG, OEBO, GODR down 20%, ~28% and 21%, respectively

($1 = 85.6820 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Power Mech Projects POMP.NS jump as much as 8.2% to a 2-month high of 2,347 rupees, last up 4.5%

** Engineering and construction firm gets 5.79-billion rupee (~$67 million) order from Bharat Heavy Electricals BHEL.NS for civil structure and architechtural work in Jharkhand state

** Order for a period of 32 months

** Year-to-date, POMP down ~16%

($1 = 85.8575 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of GPT Infraprojects GPTI.NS climb as much as 14% to 108.81 rupees, last up ~7%

** Infra firm got order worth 4.81 bln rupees (~$56 mln) for construction of a bridge in West Bengal state

** Stock on track for best day since April 2024, if trends hold

** GPTI eyes busiest trading session in over six weeks, volumes at 3.3x the 30-day avg

** Year-to-date, stock down ~33%

($1 = 86.2900 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian airline IndiGo INGL.NS climbs 3.9% to 4,992 rupees, its highest in six months

** Carrier plans to increase its international capacity share, or the proportion of its total available seat kilometres for international routes, to 40% by fiscal year 2030 from 28% currently

** Avg rating of 20 analysts on stock is "Buy", median PT is 5,233 rupees - data compiled by LSEG

** Rival SpiceJet SPJT.BO is rated "Hold" on avg

** Year-to-date, INGL up 5.5%, SPJT down ~13%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian multiplex operator PVR Inox PVRL.NS jumps 4.3% to 940 rupees, on track to log best day since mid-August

** Brokerage Nuvama says February 2025 has been the highest-grossing February post-pandemic for the Bollywood film industry with box-office collections of 12.45 bln rupees (~$144 mln)

** Adds, promoters have slightly increased their stake by 0.03%, which is small but sends a positive signal to minority investors, especially after previous rounds of stake sales and pledged shares

** Says box-office collections in January-February jumped 39% y/y to 22.64 bln rupees, led by the release of "Chhaava" movie

** 19 analysts covering the stock on avg have a "buy" rating; median PT is 1,600 rupees - data compiled by LSEG

** Day's gains trim monthly fall, stock now down 0.3% in March

($1 = 86.7140 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** RMC Switchgears RMCW.BO jumps an exchange-allowed maximum of 5% to 574.65 rupees

** Stock eyes best day in nearly a month

** Electrical components maker got order from Government of Rajasthan for installation of rooftop solar systems

** Project valued at 3.2 bln rupees (~$37 mln) and estimated capacity of 50 megawatts

** Order includes one-time revenue of 2.29 bln rupees and recurring revenue of 910 mln rupees over next 25 years

** Year-to-date, RMCW down ~51%

($1 = 86.8150 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of CreditAccess Grameen CRDE.NS surge as much as 9.7% to 1,009.85 rupees; last up 8.5%

** Microfinance firm said it added 150,000 new borrowers in January and February; it had added 152,000 new customers in the October-December quarter

** CRDE said its business momentum and stabilizing asset quality improved due to healthy loan portfolio across geographies

** Stock rated "Buy" on avg, median PT at 1,067 rupees - LSEG data

** CRDE among top five gainers on Nifty 500 index .NIFTY500, which is up 0.6%

** Year-to-date, CRDE up 3.8%, NIFTY500 down ~9%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Hitachi Energy India HITN.NS rise 6.8% to 13,010.8 rupees, and on track for their best day in more than a month, if gains hold

** Goldman Sachs keeps "buy" rating, hikes price target on stock by 61.8% to 13,350 rupees apiece - a 9.5% premium on last close

** GS sees potential of more order wins in high voltage transmission segment, industries segment and data centres

** "We find more room for margin to expand alongside rising orders amid expanding demand for both the domestic and export market," GS analysts say

** Expects HITN to be significant beneficiary of rising grid and non-grid transmission equipment demand over FY32-FY50

** HITN rated "hold" on avg, median PT at 14,175.5 rupees - data compiled by LSEG

** Stock among top five pct gainers Nifty energy index .NIFTYENR, which is up 2.8%

** Year-to-date, HITN, NIFTYENR down 15%, 12%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of diversified chemicals and agricultural products maker DCM Shriram DCMS.NS climb 6.5% at 983.7 rupees

** Co says it will evaluate options to restructure its agricultural inputs and building materials divisions to maximize growth

** Stock was down 0.4% ahead of the announcement, and is now on track for biggest one-day pct gain in over two months

** Stock trims YTD loss to 19.8%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Ola Electric Mobility OLAE.NS slide as much as 5.5% to 53.71 rupees, their lowest level on record

** Co will laying off more than 1,000 employees and contract workers, Bloomberg News reported, citing people familiar with the matter

** The company did not immediately respond to a Reuters request for comment

** OLAE is rated "hold" on avg, median PT at 76 rupees - data compiled by LSEG

** Stock has fallen ~40% since listing on August 9; last down 3.2%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian industrial machinery and equipment maker KSB KSBL.NS climbs as much as 8.1% to 658 rupees

** Stock last up 5.9%; on track to log biggest intraday pct gain in 10 months

** Co reported 33% y/y rise in December-quarter consol profit; rev grew ~21% y/y

** Rev from mainstay pumps business grew ~19%, valves segment's rev rose ~32%

** KSB also recommended a final dividend of 4 rupees ($0.0458) apiece

** Stock eyes busiest trading session in 17 months, volumes at 28.5x the 30-day avg

** KSBL is top pct gainer on Nifty 500 index .NIFTY500, which is down 1.4%

** Year-to-date, KSBL, NIFTY500 down ~21%, 9%

($1 = 87.3520 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates levels, adds RR Kabel

** Indian cables and wires makers Polycab India POLC.NS, KEI Industries KEIN.NS plunge ~19% and ~21%, respectively, hitting lowest levels in nearly 11 months

** Havells India HVEL.NS slides 6% to lowest level in a year

** R R Kabel RRKA.NS falls ~20% to record low; shares debuted in September 2023

** UltraTech Cement ULTC.NS said it will spend 18 bln rupees ($206.3 mln) to start wires and cables business; ULTC down ~5%

** Analysts at J.P. Morgan see ULTC's move as disruptive for the wires and cables industry as it can lead to increased competition

** HSBC says ULTC's foray into the sector will likely have a material impact on industry leaders' growth and margins beyond FY27

** HSBC cuts price targets on POLC, HVEL, KEIN and RRKA by 20%, ~7%, 23%, 21%

** POLC, HVEL, KEIN, RRKA rated "buy" on average - data compiled by LSEG

** Year-to-date, POLC, HVEL down ~21% and ~8%

** KEIN, RRKA have declined 14% and 23%, YTD

($1 = 87.2530 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Venus Remedies VENR.NS climbs as much as 4.4% to 320 rupees

** Pharma firm gets exclusive in-licensing rights from UK-based Infex Therapeutics to develop, market anti-infection drug MET-X in India

** No financial details have been disclosed

** Stock last up 2.6%, trimming YTD losses to ~4%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Niva Bupa Health Insurance NIVA.NS slides as much as 4.8% to 74 rupees, lowest in nearly a month

** Heath insurer says it is investigating if any customer data was leaked after an anonymous person claimed to have access to such data

** Adds, "As a matter of urgency, we continue to conduct investigation(s) of data leak and implement measures to mitigate the risk"

** Stock last down 3.6%; drops ~4% since debut on November 14, 2024

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of JM Financial JMSH.NS climb as much as 5.5% to 108.61 rupees; last up 2.9%

** Financial services firm will receive income tax refund of 2.3 billion rupees ($27 million)

** Stock up ~8% so far this week, on track to log biggest weekly gain since late-September

($1 = 86.5525 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of travel firm Thomas Cook THOM.NS gain 5.7% to 126.23 rupees

** THOM, with group company STOC Travel, signed a deal with Korea Tourism Organisation

** We aim to enhance engagement for South Korea as a premier travel destination for Indian travellers, Korea Tourism executive said

** Year-to-date, THOM down ~36%, peers Yatra Online YATR.NS and Easy Trip Planners EASM.NS fall 32%, 20%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Indian IT firm Hexaware Technologies' HEXW.NS shares climb as much as 10%, more than expected, on first day of return to stock market

** Stock opened at 745.5 rupees vs IPO price of 708 rupees; last up 8.4% at 766.95 rupees

** The $1 bln IPO was bolstered by institutional investors; lack of retail interest had led to expectations of a muted debut

** JM Financial starts with "buy" and PT of 820 rupees

** Says Hexaware's "strategy of going after scalable clients with a wider bouquet of services has helped them hunt as well as farm well", much like 'buy'-rated midcap peer Coforge COFO.NS

** JM values HEXW at 30x 24-month forward EPS, a 10% premium to midcap IT sector, but a "justified" 25% discount to Coforge -similar to levels before Hexaware went private in 2020

** Coforge's forward 12-month PE is 2nd-highest on 10-member IT index .NIFTYIT - LSEG data

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of ABB India ABB.NS climb 3.9% to 5,447.6 rupees; on track to snap three-session losing streak

** Engineering solutions firm's Q4 profit jumped ~56% y/y on strong demand in its electrification and motion businesses

** The segments contribute 78% of total rev, which grew 22% y/y

** Co also recommended a final dividend of 33.5 rupees

** Over 930,000 shares traded, 2.4x the 30-day avg

** Peers Siemens SIEM.NS, Cummins India CUMM.NS also reported higher quarterly profit earlier in the month

** ABB, SIEM, CUMM rated "hold" on avg - data compiled by LSEG

** Year-to-date, ABB, SIEM, CUMM down 21%, 25%, ~18%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of auto-parts maker Samvardhana Motherson SAMD.NS slip ~2% to 123.81 rupees

** At least 11 brokerages cut price targets on stock after Q3 results missed estimates on Friday, hurt by weak global car sales, per data compiled by LSEG

** Brokerages including J.P. Morgan, Nomura, Citi Research said global auto demand remains weak in near-term on production delays, uncertainty around U.S. tariffs

** Investec says co is not "out of the woods yet" as macroeconomic demand challenges continue

** Some analysts flag positive growth momentum in co's emerging businesses segment, which includes electronics and aerospace segments and on management strategy to focus on acquisitions

** Mean PT of 19 brokerages falls to 162.43 rupees from 179.26 rupees before results - data compiled by LSEG

** Stock down ~21% YTD, it rose 53% in 2024

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Ircon International IRCN.NS slides as much as 9.2% to 163.33 rupees, lowest since December 2023

** Engineering and construction co's Q3 consol net profit plummets ~65% y/y

** Q3 EBITDA margins falls to 5.3% vs year-ago 10.1%

** Third-quarter order book declines over 25% y/y

** Stock among top four pct losers on Nifty 500 index .NIFTY500, which is down 1.1%

** IRCN last down ~8%, extends YTD losses to ~23%

($1 = 86.5000 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Amara Raja Energy & Mobility AMAR.NS falls 3.4% to 997.7 rupees

** Co on Sunday reported drop in Q3 EBITDA margin to 12.4% from year-ago 15%

** Post earnings call, Morgan Stanley says battery maker's management seeing continued margin headwinds in Q4 from currency depreciation, fuel purchase agreements

** J.P. Morgan lowers valuation of co's cell business from 278 rupees/share to 199 rupees/share on delay in co's gigafactory commissioning

** Motilal Oswal cautious about potential returns from co's lithium-ion initiative

** At least six brokerages, including J.P. Morgan and Motilal Oswal, cut PT after earnings call - LSEG

** Stock rated "hold" on avg

** AMAR down ~17% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Gujarat Gas GGAS.NS slips 3.4% to 444.8 rupees

** CLSA says co cuts FY25 EBITDA outlook to 4.5-5.5 rupees/standard cubic meter (SCM), citing higher discounts on propane gas, lower vols

** Sees significant headwinds for co over next few quarters

** Co's previous FY25 EBITDA outlook was 5-6 rupees/SCM

** J.P. Morgan says pressures from competing fuels, rising gas purchase costs likely to sustain in near-term

** PhilipCapital says volatility in sales from Morbi plant further clouds FY26 growth outlook

** At least 12 brokerages, including PhilipCapital, CLSA and J.P. Morgan, cut PT post February 7 earnings call - LSEG

** Mean PT of 28 brokerages slips to 492.32 rupees from 514.22 rupees earlier

** Stock rated "hold" on avg, same as peer Indraprastha Gas IGAS.NS; Mahanagar Gas MGAS.NS rated "buy"

** YTD, GGAS down ~6%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))