2023-07-06 05:35:58
STOCKS IN ACTION 6 JULY
Adani Wilmar: The company has estimated volume growth of 25% in the June quarter over the previous year, driven by strong demand in both food and edible oil categories. The sales value has declined, reflecting the sharp drop in edible oil prices. The Food & FMCG segment recorded volume growth of 20% and revenue growth of 30% to cross Rs 1,000 crore for the quarter on a standalone basis. The edible
Adani Enterprises: Adani Enterprises has fully repaid Rs 10 crore of commercial paper, which is unsecured, short-term debt. The flagship company of the Adani Group redeemed the commercial paper on July 5, which was the date of its maturity. There is no outstanding amount remaining, it said in an exchange filing.
Tata Power: The company received a Rs 1,744 crore order to install and maintain 18.60 lakh metres in the Raipur area from Chhattisgarh State Power Distribution Company Ltd.
JSW Steel: The company will replace HDFC in the S&P BSE Sensex from July 13 as the former will merge with HDFC Bank.
JBM Auto Components: The company will replace HDFC in the BSE 500 index.
Zomato: The online food delivery platform will replace HDFC in the BSE 100.
Marico: The company’s Q1 performance was hampered by tapering price growth and weak volumes, particularly in India’s rural markets. The consolidated revenue declined to the low single digits on a year-on-year basis. Domestic volumes grew in the low single digits. The company expects the international business to report high single-digit constant currency growth during the quarter. Marico expects g
DCB Bank: The Reserve Bank of India has approved Tata Asset Management to acquire an aggregate holding of up to 7.5% of the paid-up equity capital of the bank through the schemes of Tata Mutual Fund. The approval is valid for a period of one year from the date of the RBI letter. The central bank has also advised Tata Asset Management to ensure that the shareholding in the bank shall not exceed 7.5
Ujjivan Small Finance Bank: Total deposits grew 44% year-on-year and 4% sequentially to Rs 26,655 crore in April-June. CASA rose 27% year-on-year to Rs 6,550 crore, and the CASA ratio stood at 24.6%. Advances are up 31% year-on-year and 5% quarter-on-quarter to Rs 25,346 crore in the first quarter. Disbursement momentum continues to show strength, with 22% year-on-year growth to Rs 5,280 crore, th
Bajaj Electricals: CRISIL Ratings has upgraded the long-term rating of the company’s bank loan facilities of Rs 2,100 crore to CRISIL AA-/stable from CRISIL A+.
Prestige Estate Projects: The company and its unit, Prestige Exora Business Parks, have entered into a joint venture agreement with W.S. Industries (India) to develop IT or IT-enabled services or parks on a 6.53-acre property in Chennai. W.S. Industries proposed to implement the project through its unit, WS Insulators.
Asian Paints: The company’s unit, Asian White Cement Holding, has been incorporated in the name of Asian White Inc. FZE in Fujairah Free Zone, UAE, on June 26, 2023, for the purpose of carrying out the business of manufacturing, trading, and exporting white cement.
Life Insurance Corporation: The company’s shareholding in India Cement has diluted to 3.83% from 5.88% of the paid-up capital of the company. LIC has divested its stake in India Cement through an open market sale at an average price of Rs 191.59.
KEC International bags orders worth ₹1,042 crore across various businesses
B Infra bags new order worth ₹289 cr from NHAI
LTIMindtree launches 'V-Protect,' powered by Rubrik, for comprehensive data protection & recovery
BioconBiologics completes the integration of the acquired biosimilars business in over 70 countries in emerging markets (EMs) effective July 1, 2023
Maruti Suzuki Invicto receives over 6,000 lbookings, exceeding expectations: CEO Takeuchi
AshokLeyland urges government to classify Hydrogen made from biofuels as "Green Hydrogen"
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