TOP 5 STOCKS TO WATCH OUT FOR

Sunteck Realty:

Sunteck Realty has announced a robust 26% YoY surge in its Q4 pre-sales, which have reached a substantial figure of Rs 678 crore. The company’s presales for FY24 have also seen a significant uptick, registering a 20% YoY growth and totaling Rs 1,915 crore.

However, the collections for Q4FY24 have seen a slight dip of 10.3% compared to the previous year, standing at Rs 296 crore. Despite this, the total collections for FY24 have held steady at Rs 1,236 crore.

Currently, Sunteck Realty is managing seven major projects in the Mumbai Metropolitan Region (MMR). These projects have a combined gross development value (GDV) of an impressive Rs 30,000 crore.

Shilpa Medicare:

The company announced that its Unit 4, located in Jadcherla, Telangana, India, underwent an inspection by AGES, Austria. The inspection took place from 22nd January 2024 to 26th January 2024.

Upon the successful completion of the inspection, the Unit was granted a GMP Certification by Ages, Austria. This is a significant achievement, considering the last EU – GMP inspection for this facility was conducted back in January 2020.

Shilpa Medicare’s Unit 4 is actively involved in the production, testing, and distribution of sterile injections and non-sterile tablets and capsule finished dosage forms. These products are distributed across various markets, including the US, Europe, and other global regions.

PC Jeweller:

PC Jeweller Ltd.’s board of directors has given the green light to raise a substantial sum of Rs 2,000 crore. The plan is to generate Rs 1,500 crore via a rights issue, with the remaining Rs 500 crore to be raised through fully convertible warrants.

In addition, the board is set to form a ‘Fund Raising Committee’. This committee will be responsible for determining the detailed terms and conditions of the issue. However, it will not have the authority to decide on the mode of payment, issue price, rights entitlement ratio, record date, timing, and other related matters, as per an exchange filing made on Tuesday. New Track Garments Pvt., the promoter group of the company, will raise the Rs 500 crore fund within 18 months from the date the warrants are allotted.

Paytm:

In response to recent speculations regarding the delay of its license application and possible penalties, Paytm Payment Services has issued a clarification. The company stated in a blog post dated 16th April 2024 that it has not been notified of any such developments.

A representative from Paytm stated, “We have been proactive in providing the necessary information for the ongoing application process, and there has been no hint of rejection or penalties. In line with the government’s vision, it is crucial to support Paytm as a domestic entity to empower Indian companies to compete on a global scale and drive technological progress. Their support ensures uninterrupted payment services for SMEs, thereby maintaining trust and promoting digital growth for businesses and consumers.”

This statement was made in response to a Reuters report that quoted government officials. The report suggested that the government has ‘postponed the approval of Paytm’s Rs 50 crore ($6 million) investment in its Paytm Payment Services division, partly due to concerns about a Chinese shareholding in the parent company.’

Happiest Minds:

Happiest Minds has unveiled its latest GenAI chatbot, ‘hAPPI’, a product of its Generative AI Business Services (GBS) division, designed specifically for Happiest Health.

The user-friendly nature of hAppI allows users to engage in conversations about health and wellness issues and receive personalized feedback. This feedback is derived from a vast repository of over 4000 articles, which are based on the insights provided by thousands of medical professionals and other experts.

This initiative is expected to significantly enhance health outcomes and overall well-being. A noteworthy feature of hAppI is its impressive average response time of 3-4 seconds per query, demonstrating its efficiency and effectiveness in providing timely information to users.