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Market buzz: Devyani Intl, Sapphire Foods, Vodafone Idea, BEL among stocks to watch Friday
BusinessLine· 2026-01-02 01:58
Group 1: Corporate Actions - Devyani International's board has approved a Scheme of Arrangement for the amalgamation with Sapphire Foods India Ltd, effective from April 1, 2026, with a share exchange ratio of 177 shares of Devyani for every 100 shares of Sapphire [1] - NLC India has transferred seven Renewable Energy Assets to its wholly owned subsidiary, NLC India Renewables Ltd, effective January 1, as per a Business Transfer Agreement [2] - Indegene's step down subsidiaries, Indegene Aptilon Services, Inc. and Trilogy Writing & Consulting Inc., have amalgamated to form Indegene Healthcare Canada Inc., effective January 1, 2026 [5] - Achyut Healthcare has received approval from BSE Limited to migrate its equity shares from the BSE SME platform to the BSE Main Board Platform, enhancing market access for investors [6] Group 2: Financial Developments - Vodafone Idea has received a GST penalty order of approximately ₹638 crore and plans to take legal action against it, following a recent relief on its Adjusted Gross Revenue dues [2] - Bharat Electronics Limited has secured additional orders worth ₹569 crore, including communication equipment and medical electronics [4] - Trident Lifeline has acquired an additional 9.04% stake in Trident Mediquip for approximately ₹4.42 crore [7] - Railtel Corporation has received a Letter of Acceptance for an order estimated at ₹56.71 crore from Assam Health Infrastructure Development & Management Society [9] Group 3: Project Announcements - K2 Infragen Ltd has announced receipt of a Letter of Acceptance for a ₹262 crore project from Indian Railways, focusing on traction substations and related infrastructure [8] - Olectra Greentech has commenced commercial operations for its Greenfield Electric Vehicle manufacturing facility in Hyderabad, with an annual production capacity of 2,500 buses [10] - Modis Navnirman Ltd has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society in Mumbai, with an estimated Gross Development Value of ₹250 crore [11] Group 4: Regulatory Issues - Britannia Industries has received a tax demand order amounting to ₹108.50 crore for incorrect availment of input tax credit over six financial years [12]
Edison Initiates Coverage On VinFast Auto Ltd. (VFS) With $8.00 Per Share Valuation
Yahoo Finance· 2025-12-23 02:33
Group 1 - VinFast Auto Ltd. (NASDAQ:VFS) is recognized as one of the 10 best electric vehicle stocks to buy heading into 2026 [1] - Edison Group initiated coverage on VinFast with a valuation of $8.00 per share, indicating a potential upside of 143% from current levels [2] - VinFast plans to invest $500 million in India to expand its manufacturing capabilities, including electric buses, scooters, and charging stations [3] Group 2 - The Thoothukudi plant, which began operations in July, has an initial production capacity of 50,000 vehicles per year, with plans to double this capacity to 150,000 vehicles within a year [4] - In 2024, VinFast delivered 97,399 electric vehicles globally and aims to increase deliveries in 2025 while adding 35 dealerships in 27 locations by December [4] - The company is involved in the development and manufacturing of high-quality electric vehicles, e-scooters, and e-buses, alongside offering leasing services and trading smartphones [5]
PhoenixEV Announce Strategic Partnership with Powers Parts
Accessnewswire· 2025-12-20 00:10
Core Insights - Phoenix Motor Inc. has announced a strategic partnership with Powers Parts to enhance parts availability and service support for electric buses across North America and Canada [1][2][3] Company Overview - Phoenix Motor Inc. is focused on zero-emission commercial transportation, offering a range of electric vehicles including transit buses and delivery vans [6][7] - The company operates under two brands: PhoenixEV for the American market and EdisonFuture for international markets [6] Partnership Details - Powers Parts will distribute OEM-approved replacement parts and provide expanded service support, reinforcing PhoenixEV's commitment to high-quality electric bus performance [2][3] - The partnership aims to ensure timely access to critical components, maximizing uptime and operator satisfaction for transit agencies and fleet operators [3][4] Strategic Goals - The collaboration is intended to enhance customer service responsiveness and maintain quality standards, as stated by PhoenixEV's VP of Global Operations [4] - Powers Parts is recognized as a trusted distributor for multiple OEM suppliers in the electric bus sector, further solidifying the partnership's effectiveness [4][8] Future Outlook - PhoenixEV will continue to manage all factory warranties while benefiting from the additional service support provided by Powers Parts [5] - The company aims to expand its service and support network across North America through this strategic alignment [5]
Blue Bird Corporation's Strategic Moves in the Electric Vehicle Sector
Financial Modeling Prep· 2025-12-18 02:03
Core Insights - Blue Bird Corporation is a significant player in the automotive sector, particularly in the school bus production market, and is making notable advancements in the electric vehicle sector, aligning with the global clean energy transition [1][6] - The company is currently rated as a strong "Buy" with a Zacks Rank of 2, indicating a positive earnings outlook, in contrast to Tesla's Zacks Rank of 3, which suggests a more moderate outlook [3][6] Financial Performance - Blue Bird's financial health is robust, characterized by a solid balance sheet and a $100 million buyback initiative, reflecting confidence in future growth [4][6] - In 2025, Blue Bird delivered 901 electric buses, an increase from 704 the previous year, as part of a strategy to ramp up annual deliveries to 12,000-13,500 buses by 2029-2030, with projected revenues between $1.8 billion and $2 billion [4] - The company has a P/E ratio of 12.86 and a price-to-sales ratio of 1.11, indicating favorable market valuation of its earnings and revenue, alongside a debt-to-equity ratio of 0.35 and a current ratio of 1.74, demonstrating its ability to meet short-term liabilities [5]
NFI schedules third quarter 2025 financial results and conference call
Globenewswire· 2025-10-09 11:00
Core Viewpoint - NFI Group Inc. plans to release its third quarter 2025 financial results on November 6, 2025, followed by a conference call on November 7, 2025, at 7:30 a.m. ET to discuss the results [1] Group 1: Financial Results Announcement - The financial results for Q3 2025 will be released after market close on November 6, 2025 [1] - A conference call and webcast to discuss the results will take place on November 7, 2025, at 7:30 a.m. ET [1] Group 2: Webcast and Call Details - Attendees can join the webcast without registration, and a results presentation will be available [2] - For phone attendance, pre-registration is required to receive call-in details [3] - A replay of the call will be accessible from November 7, 2025, at 12:00 p.m. ET until November 7, 2026, at 11:59 p.m. ET [4] Group 3: Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, focusing on low- and zero-emission vehicles [5] - The company employs nearly 9,000 team members across ten countries and offers a wide range of sustainable drive systems [6] - NFI supports an installed base of over 100,000 buses and coaches globally, with its shares trading on the Toronto Stock Exchange under the symbol NFI [6]
Blue Bird: Shares Need To Slow Down (Rating Downgrade)
Seeking Alpha· 2025-08-10 12:47
Company Overview - Blue Bird Corporation is a bus manufacturer that is significantly investing in the electric bus market, indicating a strategic shift towards sustainable transportation solutions [1]. Recent Performance - The company has experienced a positive trend recently, suggesting strong market performance and potential growth opportunities [1].
Blue Bird Corporation: A Strong Play, Even In Light Of Tariff Terror
Seeking Alpha· 2025-05-08 11:15
Group 1 - The company Blue Bird Corporation (NASDAQ: BLBD) is highlighted as a promising investment in the electric bus sector despite general caution in the electric vehicle market [1] - Management of Blue Bird Corporation has demonstrated strong capabilities, contributing to positive sentiment around the company's future prospects [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and the potential for value and growth in these sectors [1] - Subscribers to Crude Value Insights gain access to a stock model account, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2]