STOCKS IN ACTION 9 APRIL
Tata Motors: The company reported JLR wholesales at 4 lakh units, up 25% YoY, for the end of FY 24, while JLR retail sales is up 22% at 4.3 lakh units and for the end of quarter fourth JLR wholesales stood at 1.1 lakh units, up 16% YoY, JLR retail sales at 1.1 lakh units, up 11% YoY.
Axis Bank: Bain Capital is looking to sell its entire stake in Axis Bank through a block deal.
Yes Bank: The company received Rs 244 crore from a single trust in the Security Receipts
Portfolio after the sale of NPA Portfolio to JC Flower ARC in December 2022.
Gland Pharma: Shareholder Nicomac Machinery and RP Advisory Services plan to sell up to 4.9% stake in the company at a floor price of Rs 1,725 apiece which represents a discount of 7.34% from current market price.
Shilpa Medicare: The company has opened its qualified institutional placement and set the issue price at Rs 477.33 apiece which indicates a 10% discount to current market price.
The QIP will result in equity dilution of 11.24% after the issue.
Sula Vineyards: The company recorded double-digit revenue growth in the fourth quarter as well as the whole of FY24. Net revenue grew by 10% YoY to Rs 131.8 crore in Q4, sales from own brands was up 9% at Rs 113 crore, and wine tourism stood at Rs 16.4 crore, up 31%. It also announced the acquisition of N D Wines.
Dilip Buildcon: The company received order worth of Rs 1,092 crore from Haryana Rail
Infrastructure Development Corp on EPC mode.
Rail Vikas Nigam: The company has incorporated a subsidiary company "RVNL INFRA MIDDLE EAST" in Oman.
SJVN: The company's arm SJVN Green Energy signed a joint venture agreement with Assam Power Distribution Company to develop renewable energy projects, parks. The arm will hold 51% shareholding in joint venture company.
Paisalo Digital: The company will hold it board meeting on April 12 to consider fundraising through allotment of NCDs through Private Placement basis.
IRB Infrastructure Developers: The company saw a 30% YoY rise in toll revenue for March 2024, reaching Rs 480.9 crore. Assets under IRB Infrastructure Trust recorded a 40% increase in toll collection.
H.G. Infra Engineering: The company incorporated a wholly owned subsidiary company namely
H.G. Chennai-Tirupati' to undertake the project worth of Rs 862.11 crore awarded by National Highways Authority of India.
UCO Bank: The lender reported total business at Rs 4.5 crore, up 9.6% YoY as on March 31, while total advances were up 15.9% at Rs 1.87 crore, total deposits up 5.5% at Rs 2.63 crore.
PCBL: The company's arm commissioned 12 MW power plant in Tamil Nadu. The total capacity of the cogeneration power of the company stands at 122 MW.
Cupid: The company reported net revenue up Revenue up 51.56% at Rs 62.9 crore for the end of fourth quarter and Profit after tax of Rs 23.7 crore up 185%.
Omaxe: The company's unit will develop India's first integrated multi-sports stadium, retail, and hospitality hub in Delhi for around Rs 1,500 crore. The cost of construction will be funded through internal accruals and the company is expecting a revenue of around Rs 2,500 crore through the sale of retail units.
Hikal: The company has acquired a 5.73% stake in FPEL Ujwal for Rs 4.12 crore to meet captive electricity requirements under the Indian Electricity Act, 2003.
Jana Small Finance Bank: Rajesh Rao has resigned from the position of Chief Operating Officer.
Sterlite Technologies: The QIP opened on Monday with a floor price of Rs 119 per share.
Sadbhav Engineering: Dwigesh B Joshi resigns as ED & CFO of the company w.e.f. April 8, 2024
Sobha: launches Crystal Meadows, a 26-acre row house project in Bengaluru starting at ₹10.5 crore
OMAXE: CO UNIT TO DEVELOP INTEGRATED MULTI-SPORTS STADIUM, RETAIL AND HOSPITALITY HUB IN DELHI FOR AROUND 15B RUPEES || CO SAYS EXPECTING REVENUE OF AROUND 25B RUPEES THROUGH SALE OF RETAIL UNITS
@daytradertelugu
Tata Motors: The company reported JLR wholesales at 4 lakh units, up 25% YoY, for the end of FY 24, while JLR retail sales is up 22% at 4.3 lakh units and for the end of quarter fourth JLR wholesales stood at 1.1 lakh units, up 16% YoY, JLR retail sales at 1.1 lakh units, up 11% YoY.
Axis Bank: Bain Capital is looking to sell its entire stake in Axis Bank through a block deal.
Yes Bank: The company received Rs 244 crore from a single trust in the Security Receipts
Portfolio after the sale of NPA Portfolio to JC Flower ARC in December 2022.
Gland Pharma: Shareholder Nicomac Machinery and RP Advisory Services plan to sell up to 4.9% stake in the company at a floor price of Rs 1,725 apiece which represents a discount of 7.34% from current market price.
Shilpa Medicare: The company has opened its qualified institutional placement and set the issue price at Rs 477.33 apiece which indicates a 10% discount to current market price.
The QIP will result in equity dilution of 11.24% after the issue.
Sula Vineyards: The company recorded double-digit revenue growth in the fourth quarter as well as the whole of FY24. Net revenue grew by 10% YoY to Rs 131.8 crore in Q4, sales from own brands was up 9% at Rs 113 crore, and wine tourism stood at Rs 16.4 crore, up 31%. It also announced the acquisition of N D Wines.
Dilip Buildcon: The company received order worth of Rs 1,092 crore from Haryana Rail
Infrastructure Development Corp on EPC mode.
Rail Vikas Nigam: The company has incorporated a subsidiary company "RVNL INFRA MIDDLE EAST" in Oman.
SJVN: The company's arm SJVN Green Energy signed a joint venture agreement with Assam Power Distribution Company to develop renewable energy projects, parks. The arm will hold 51% shareholding in joint venture company.
Paisalo Digital: The company will hold it board meeting on April 12 to consider fundraising through allotment of NCDs through Private Placement basis.
IRB Infrastructure Developers: The company saw a 30% YoY rise in toll revenue for March 2024, reaching Rs 480.9 crore. Assets under IRB Infrastructure Trust recorded a 40% increase in toll collection.
H.G. Infra Engineering: The company incorporated a wholly owned subsidiary company namely
H.G. Chennai-Tirupati' to undertake the project worth of Rs 862.11 crore awarded by National Highways Authority of India.
UCO Bank: The lender reported total business at Rs 4.5 crore, up 9.6% YoY as on March 31, while total advances were up 15.9% at Rs 1.87 crore, total deposits up 5.5% at Rs 2.63 crore.
PCBL: The company's arm commissioned 12 MW power plant in Tamil Nadu. The total capacity of the cogeneration power of the company stands at 122 MW.
Cupid: The company reported net revenue up Revenue up 51.56% at Rs 62.9 crore for the end of fourth quarter and Profit after tax of Rs 23.7 crore up 185%.
Omaxe: The company's unit will develop India's first integrated multi-sports stadium, retail, and hospitality hub in Delhi for around Rs 1,500 crore. The cost of construction will be funded through internal accruals and the company is expecting a revenue of around Rs 2,500 crore through the sale of retail units.
Hikal: The company has acquired a 5.73% stake in FPEL Ujwal for Rs 4.12 crore to meet captive electricity requirements under the Indian Electricity Act, 2003.
Jana Small Finance Bank: Rajesh Rao has resigned from the position of Chief Operating Officer.
Sterlite Technologies: The QIP opened on Monday with a floor price of Rs 119 per share.
Sadbhav Engineering: Dwigesh B Joshi resigns as ED & CFO of the company w.e.f. April 8, 2024
Sobha: launches Crystal Meadows, a 26-acre row house project in Bengaluru starting at ₹10.5 crore
OMAXE: CO UNIT TO DEVELOP INTEGRATED MULTI-SPORTS STADIUM, RETAIL AND HOSPITALITY HUB IN DELHI FOR AROUND 15B RUPEES || CO SAYS EXPECTING REVENUE OF AROUND 25B RUPEES THROUGH SALE OF RETAIL UNITS
@daytradertelugu
