Adani Power, Ahasolar Technologies and Dev Information Technology to see some action today

24 Jul 2024 Evaluate

Adani Power (APL) has acquired 10,000 equity shares of Mirzapur Thermal Energy (UP) (MTEUPPL) (being 0.025% of MTEUPL’s total equity shares) from Adani Infra (India) (AIIL), resulting in MTEUPL now becoming a wholly owned subsidiary of the company. The object is to set up infrastructure facilities/ capacity augmentation of the company.

Ahasolar Technologies has received a Work Order for Consultancy services for Project Management Services for Solar Plants in Gujrat and Site Supervision Services from Hindustan Petroleum Corporation. The whole Consultancy Service is priced at around Rs 29 lakh.

Dev Information Technology (DEVIT) has secured a noteworthy order from prestigious client RajCOMP Info Services for Operation, Maintenance and Enhancement of RAJKISAN SATHI Portal. Broad consideration or size of the order is approximately Rs 5 crore. The said order is expected to be executed in approximately in 1-2 years.

Tata Elxsi has executed a memorandum of understanding (MoU) with Nidec Corporation. The execution of the MoU aims to enable Nidec to utilize Tata Elxsi’s knowhow and resources to accelerate Nidec’s group-wide enhancement of its software development capability. Furthermore, the MoU intends for the company to develop software programs for India and other markets, and examine how to localize Nidec products, while providing support for establishing and operating a global business base for the Nidec Group’s software development in the future.

Nila Spaces (NSL) has incorporated a new subsidiary Company namely ‘Nila Urban Living’. The objective of the incorporation of subsidiary company is to execute project at GIFT City. Nila Urban Living is engaged in the business of real estate project development.

Hindustan Unilever has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported 2.67% rise in its net profit at Rs 2,538 crore for the quarter ended June 30, 2024 as compared to Rs 2,472 crore for the same quarter in the previous year. Total income of the company increased by 1.72% at Rs 15,596 crore for Q1FY25 as compared to Rs 15,333 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 2.19% rise in net profit at Rs 2,612 crore for Q1FY25 as compared to Rs 2,556 crore for the same quarter in the previous year. Total income of the company increased by 1.82% at Rs 15,964 crore for Q1FY25 as compared to Rs 15,679 crore for the corresponding quarter previous year.

Shilpa Medicare’s 100% subsidiary -- Shilpa Pharma Lifesciences has received GMP Certification from COFEPRIS-Mexico for its Active Pharmaceutical Ingredient (API) manufacturing facility, Unit II, situated at Raichur in Karnataka state. The said manufacturing facility had undergone a GMP inspection by COFEPRIS-Mexico from November 6, 2023 to November 10, 2023.

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

Address : The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.