– Positive Godrej Consumer likely clocked “high teens” sales growth in its India business in the first quarter to June 30, helped by strong volume growth and calibrated price increases. In India, company witnessed strong double-digit sales growth in home care and personal care - Positive
CRISIL reaffirms 'A1+' rating on Navneet Education's commercial paper – Positive
Prima Plastics starts construction of new manufacturing unit in Madhya Pradesh – Positive
G G Engineering has expanded its product line by launching "EV Charging Station” – Positive
lndoStar Capital Finance acquires equity shares of lndoStar Home Finance at Rs250cr – Positive
V-Guard has approved the incorporation of a Wholly Owned Subsidiary of the company, engaged - Business of manufacturing, selling, and dealing in various consumer electrical, electronics, home and kitchen appliances. – Positive
ITD Cementation India Ltd secured orders worth Rs. 585 crore - Positive
Bajaj Healthcare Limited board approves listing in NSE – Positive
June Services PMI Posts Steepest Decline Since July 2020 - Services Business Activity Index contracted further to 41.2 in June from 46.4 in May. - It will be short term impact, expects economy will be bounces back
Cumulative Monsoon Rainfall 1% Above Normal as of July 4 - Positive for Tractors stocks (M&M and Escorts)
HCL Technologies: Announced a multi-year agreement with Fiskars Group to help them with digital transformation. - Positive
Avenue Supermarts standalone revenue from operations rose 31.27 per cent YoY to Rs 5,031.75 crore for the quarter ended June 30 - positive
ONGC said it will procure equipment and services worth over Rs 30,000 crore to support its oil and gas exploration and production operations - Positive
TCI appoints Vikrampati Singhania as an Additional Director – Positive
Wonderla Holidays has announced that the resort in Bangalore has reopened its business from Monday with a 50% capacity – Positive
Religare Enterprises board approves Rs570cr fundraise through preferential issue – Positive
Bharat Forge employees from Chakan plant opt for voluntary retirement scheme. The company involved an overall pay-out cost of Rs63.32cr for the Voluntary Retirement Scheme. – Positive for long term
Delta Corp Limited will resume its casino operations in Sikkim from July 06, 2021. However, the casinos operated by the company and its subsidiaries in Goa will remain closed till July 12, 2021. – Positive
Lumax Auto Tech to establish JVC in Japan for the manufacturing and sale of electric devices and components – Positive
RattanIndia's Revolt Motors, India's next gen-mobility company is going to launch VOLT - Vehicle OnLine Tracking system for its customers who have booked Revolt ebikes. - Positive
ICRA ratings has revised volumetric growth estimates for FY2022 downwards to 10%-12% from earlier 15%, also, the rising input costs could result in decline in operating margins by around 300 bps – It may short term negative .. we are positive on JK Lakshmi Cement, UltraTech, JK Cement, Birla Corp
Integra Telecom has considered and approved the proposal to receive investment from Foreign Institutional Investor.- Positive.
Tanla Platforms - Tanla Digital Labs Private Limited, wholly owned subsidiary of Tanla Platforms has incorporated a wholly-owned Subsidiary ‘Tanla Digital (India) Private LTD.- Positive
JK Lakshmi Cement - CARE Ratings Limited has upgraded JK Lakshmi Cement Credit Rating for its various Long Term Borrowings by One Notch to CARE AA; Stable from CARE AA- Stable – Positive
Federal Bank reports Rs132,770cr of gross advances in Q1, deposits logs single-digit growth; Stock climbs over 1% - Positive
Wockhardt incorporates new subsidiary Wockhardt Biologics, The company will hold ~65% of the total share capital while the remaining stake will be held by certain Promoter Group/ Group entities.- Positive
By: via @AlliesFin Serve Stock Market
