Stocks to Watch, July 22: Dixon Tech, Paytm, Colgate-Palmolive, SBI, Zensar Tech, IREDA, PNB Housing, Havells, IRFC

The company also said it had an exposure of ₹700 crore to the crisis-hit Gensol Engineering, and it has already recovered a little over ₹100 crore by way of various instruments, including encashing their bank guarantees as well as withdrawal of the FD money.

Gensol had acted as a financier and lessor of vehicles to the all-electric ride-hailing company Blue Smart.

The Mumbai-based company, however, did not share financial details.

iCaltech is engaged in the design, development, and commercialisation of diagnostic medical equipment and apparatus, with a core focus on respiratory care.

Achin Gupta, Global COO, Cipla Limited, said, "As lung leaders, our decision to invest in iCaltech reflects Cipla's commitment to advancing respiratory diagnostics."

The company had posted a consolidated net profit of ₹411.18 crore in the April-June quarter a year ago, according to a regulatory filing from Havells India.

Its revenue from operations declined by 6.21% to ₹5,437.81 crore in the June quarter compared to ₹5,798.11 crore in the corresponding period last fiscal.

Havells India's total expenses were also down 5.45% at ₹5,032.31 crore in the June quarter.

The housing finance firm had earned a net profit of ₹433 crore in the same quarter of the previous year.

The company's total income for the quarter grew to ₹2,082 crore from ₹1,832 crore in the corresponding quarter of the previous fiscal year, PNB Housing Finance said in a regulatory filing.

Interest income for the quarter was higher at ₹1,980 crore compared to ₹1,739 crore a year ago.

In a regulatory filing on Monday, the company said it has "acquired a prime 20.19-acre land parcel in the fast-emerging Whitefield-Hosk"

The company bought this land outright for ₹588.33 crore.

The company is expecting to generate a revenue of ₹5,200 crore from this upcoming project.

The total development potential is 4.2 million square feet.

Titan's wholly owned subsidiary Titan Holdings International FZCO on Monday signed a definitive agreement with Mannai Corporation for the purchase of its 67% shareholding in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries.

"The consideration for the proposed transaction is arrived at on the basis of the enterprise value of AED 1,038 million (nearly ₹2,438.56 crore)," said a joint statement.

Founded in 1907, Damas Jewellery has a network of 146 stores across six GCC countries.ad a revenue of AED 1,461 million (around ₹3,450.2 crore) in FY 24.

LIC’s holding in SBI has increased to 87.58 crore (87,58,59,380) equity shares, or 9.49%, from 81.46 crore (81,46,59,869) equity shares, or 9.21% of the paid-up capital of the bank, according to a regulatory filing.

SBI has raised ₹25,000 crore through qualified institutional placement (QIP) to fund business growth.

The total cost of acquisition is ₹5,000 crore at the issue price of ₹817 per share, and the amount was transferred to the bank on Monday, it said.

It will allow customers to book parcel shipments for nationwide delivery at BLS touchpoints, BLS E-Services Ltd said in the statement.

"This partnership will not only enable Delhivery to benefit from BLS E-Services’ network of over 1,42,000 touchpoints, covering 10,000-plus pincodes and over 700 districts across India," Shikhar Aggarwal, Chairman of BLS E-Services, said.

Its net profit stood at ₹584.51 crore in the year-ago period.

Total income fell to ₹1,073.98 crore in the first quarter of this fiscal year from ₹1,441.95 crore in the corresponding period of the preceding year.

The board also declared an interim dividend for FY25-26 at the rate of ₹2 per equity share, which is 20% of the face value of equity shares of ₹10 each.