Stocks to track in trade for May 25, 2022: Titagarh Wagon, Minda Industries, Shree Renuka Sugar, TCI Express

Minda Industries approves bonus issue and fundraising; GAIL buyback to open today; Shree Renuka Sugar revenue for Q4 up 64%.
Shree Renuka Sugar revenue for Q4 up 64%.

Shree Renuka Sugar revenue for Q4 up 64%.

Titagarh Wagon
Bags the single largest order ever from the Indian Railways for 24,177 wagons valued at over Rs.7,838 crore ~
the total order book of the Indian operations crosses Rs. 10,645 crore for the first time.
The order recetved by the Company is about 32% of the total order finalised by the Indian Railways.
Minda Industries
Rev from ops `2415cr vs `2238cr, up 8% yoy
PAT `144cr vs `140cr, up 3% yoy
EBITDA `276cr vs `302cr, down 9% yoy
EBITDA Margin 11.4% vs 13.5%; down ~200 bps
Board recommends issue of bonus shares in the ratio of 1:1
Approves raising upto Rs 1000cr in debt
Company to change its name to Uno Media Ltd
Anupam Rasayan
Board approved the raising of funds Rs 800cr through issue of equity shares by way of QIP
GAIL
Buyback to Open; Buyback price Rs 190
Yesterday closed at rs 150 odd levels
Shree Renuka Sugar
Cons rev from ops `2173cr vs `1299cr; up 67% yoy
EBITDA `274cr vs `250cr; up 10% yoy
EBITDA Margin 12.6% vs 19.2%; significant contraction
PAT `158.8cr vs Loss `44.9 yoy
TCI Express
Board meeting on 27th May to consider Buy-back.
Brookfield India REIT
To consider fund raising option on May 27
Eveready Industries
Open Offer to begin June 3 and close June 16th
Burman group is intending to acquire additional 26% stake in the co by way of this open offer
The offer price has been set at Rs 320 per equity share
Yesterday closed at Rs 315/share
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