Watch out these stocks: IndusInd Bank, SBI, Strides Pharma, Infosys, Tata Power, Endurance Tech, Praj Ind, Faalcon, Prestige Estates

IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect in the wake of accounting lapses costing Rs 1,960 crore to the lender in the 2024-25 fiscal year. Kathpalia, Managing Director & CEO, has by his letter dated April 29, 2025, resigned from services of the bank with effect from the close of working hours on April 29, 2025, IndusInd Bank said in a regulatory filing.

Strides Pharma Science on Tuesday said its subsidiary has acquired four approved abbreviated new drug applications (ANDAs) for the US market from Nostrum Laboratories, Inc for $2.07 million. Strides Pharma Inc, a step-down wholly-owned subsidiary of the company in the US, has acquired the ANDAs.

The Maharashtra Electricity Regulatory Commission (MERC) has given a nod to a power purchase agreement between Tata Power and Dhariwal Infrastructure, according to a regulatory filing on Tuesday. Dhariwal Infrastructure is a wholly-owned subsidiary of CESC.

State Bank of India (SBI) on Tuesday signed a Memorandum of Understanding (MoU) with Land Ports Authority of India (LPAI) to strengthen banking services infrastructure across 26 land ports bordering neighbouring countries. The board of State Bank of India will meet on May 3 to consider raising funds through equity issue during FY26 via follow-on public offer (FPO), rights issue, qualified institutional placement (QIP), or any other mode. The Board of PSB will also consider the March quarter and FY25 earnings on the same day.

Endurance Technologies has announced plans to establish a new manufacturing facility for Lithium-Ion Battery packs with a capital expenditure of approximately ₹47.30 crore. According to the company’s disclosure, the facility will have a production capacity of approximately 35,000 packs per month. This capacity will be added in phases beginning from the fourth quarter of the financial year 2025-26, with the product launch scheduled for January 2026.

Infosys has launched Infosys Topaz for SAP S/4HANA Cloud, an AI-first suite designed to help enterprises harness the power of AI and Gen AI in their SAP S/4 HANA Cloud transformation journey. The comprehensive AI suite is powered by Infosys Cobalt cloud offerings and Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI. 

ITCONS E-Solutions has secured new work order from Paschimanchal Vidyut Vitaran Nigam (PVVNL), Meerut, Uttar Pradesh, to provide 59 manpower resources, which include 15 unskilled and 44 skilled workers, on a contractual basis for a period of one year. The aggregate value of the work order is Rs 1.51 crore, inclusive of all applicable taxes. This work order signifies a remarkable achievement for the Company and further solidifies its partnership with Paschimanchal Vidyut Vitaran Nigam.

Praj Industries (PIL) has partnered with thyssenkrupp Uhde’s subsidiary — Uhde Inventa Fischer (UIF) to jointly offer an end-to-end integrated technology for the production of Polylactic Acid (PLA). This strategic partnership offers a unique, seamless solution that sets them apart in bioplastics. Polylactic acid (PLA), as a sustainable alternative to conventional plastics, holds significant potential in advancing a circular bioeconomy. To meet this global need, PIL and UIF are leveraging their combined expertise in industrial biotechnology and chemical engineering to enhance PLA technology, ensuring an efficient, cost-effective, and sustainable production process.

Faalcon Concepts has received new work order worth Rs 2.19 crore from Britomatics India for glass, glazing & windows for site at Gautam Budh Nagar, Uttar Pradesh. The order is to be executed within 12 months. Earlier, the company had received new work order worth Rs 2.10 crore from Progressive Training Carrer and Welfare Organization.

Prestige Estates Projects has received approval from the Real Estate Regulatory Authority (RERA) and has launched the residential project ‘The Prestige City – Indirapuram’ in the National Capital Region (NCR). The gross development value (GDV) of the project is estimated at over Rs 9,000 crore.

Results Calendar: Adani Power, Indus Towers, Indian Oil Corporation, Ajanta Pharma, Bandhan Bank, Coromandel International, CRISIL, Equitas Small Finance Bank, Exide Industries, Federal Bank, Godrej Agrovet, Greaves Cotton, Orient Green Power Company, Jindal Steel & Power, JSW Infrastructure, KSB, Paras Defence and Space Technologies, Phoenix Mills, Skipper, Sona BLW Precision Forgings, Sundram Fasteners, Ujjivan Small Finance Bank, Varun Beverages, and Vedanta

Published on April 30, 2025

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