India Daybook – Stocks in News
HAL: Tejas aircraft emerges as a top choice for Malaysia's fighter jet programme. (Positive)
Dmart: Avenue Supermart's revenue from operations at Rs 9807 cr vs Rs 5032 cr YoY for Q1 (Positive)
HDFC Twins: HDFC gets go-ahead from BSE and NSE to merge with HDFC Bank in India's biggest-ever M&A. (Positive)
HDFC: Assigned loans amounting to `9533cr vs `5489cr , up 74% YoY ld (Positive)
Shilpa Med: Company has executed Business Transfer agreement with Shilpa Pharma Lifesciences Ltd effective from 30 June 2022 (Positive)
Muthoot Fin: RBI has granted permission for opening 150 new branches for the Company. (Positive)
VMart: Company has opened 11 new stores in the April - June quarter of FY 22-23. (Positive)
Asian Granito: Future Ceramic, WOS has commenced work on the large format glazed vitrified tiles (GVT) plant at Morbi. (Positive)
Brigade: WTC Trades & Projects Pvt Ltd, WOS acquired 63% stake in Tandem Allied Services for 51cr. (Positive)
VBL: Subscribed 30% stake in JV named as IDVB, which is engaged in the business of recycling of PET bottles. (Positive)
Sigachi: Venturing into human nutritional segment. (Positive)
Mazagaon: Successfully launched a Fuel Cell Electric Vessel(FCEV) prototype being the first Indigenous Hydrogen Powered Electric Boat (Positive)
DBL: Declared as L-1 bidder for the tender floated by GMRC Ltd. (Positive)
Deepak NTR: Gujarat Pollution Control Board revoked plant closure order for manufacturing facility in Gujarat (Positive)
Ashoka Buildcon: Company emerged as 'the lowest bidder' for construction and maintenance of Rajiv Gandhi Fintech Digital Institute, with project cost is Rs 611 crore. (Positive)
Timex to launch Adidas watches, Philipp Plein products in India (Positive)
NFL: Clocked a growth of 47% in total Fertilizer Sale during April-June 2022. (Positive)
Endurance: Company has acquired 51% of the equity share capital of Maxwell on 1st July, 2022 (Positive)
Phoenix Mills: CRISIL has reaffirmed its long term credit rating on company's bank loan facilities of Rs 400 crore at A+, but revised outlook to Positive from Stable. (Positive)
Eicher Motors: The company sold 61,407 units of Royal Enfield in June 2022, a growth of 43 percent over 43,048 units (Positive)
CSB Bank: The private sector lender recorded a 16.16% year-on-year growth in gross advances at Rs 16,332.8 crore. (Positive)
IDFC First: Home loans grew 32% YoY and is 37.5% of retail book (Positive)
Federal Bank: Gross advances up 16.3% YoY; Deposits grew 9.1% YoY (Positive)
ITC/Godfrey: Cigarette manufacturers switch to biodegradable wrapping. (Neutral)
Indusind Bank: Deposits at Rs 303094 cr, +13.25% YoY, CASA ratio is the highest in 14qtrs at 43.2%. (Neutral)
PNB Bank raised interest rates given on FD deposits of select tenors. (Neutral)
JSW Steel to invest Rs 10K cr to increase use of renewable energy, reduce emissions (Neutral)
Hero MotoCorp: The leading two-wheeler maker sold 4.85 lakh units of motorcycles and scooters in June 2022, a growth of 3.3% (Neutral)
Bharat Forge: The company and its subsidiary successfully completed acquisition of JS Auto Cast Foundry India (Neutral)
Ultratech drops plan to buy one of the JPs cement plant (3 MTPA) valued at Rs 1,000 cr in 2017. (Neutral)
Take: Mr. Lalit Kanta Mahapatra has resigned from the position of Chief Financial Officer of the Company (Neutral)
TVS Motor: The company registered a growth of 22 percent in June 2022 with sales of 3,08,501 units as against 2,51,886 units in June 2021 (Neutral)
M&M: The automotive company sold 54,096 vehicles in June 2022, a growth of 64 percent (Neutral)
Glenmark: The USFDA has issued Form 483 with one observation (Neutral)
Metals and Mining stocks: Iron ore futures slump 5% in Singapore to below $110 a ton.
IndiGo flight operations got disrupted on Saturday and hundreds of flights faced delays due to the non-availability of cabin crew and staff.
Aviation Stocks: Air traffic: Total International: 21.4 lakh; Down 2.7% MoM, Total Domestic: 104.8 lakh; Down 8% MoM
By: via @AlliesFin Serve Stock Market
