*India Daybook – Stocks in News*
*Union Bank:* Net profit at Rs 3,236.4 cr vs Rs 1,558.5 cr, NII up 16.6% at Rs 8,839.7 cr vs Rs 7,581.7 cr (YoY) (Positive)
*South Indian Bank:* Net profit up 75.5% at Rs 202.3 cr vs Rs 115 cr, NII up 33.9% at Rs 807.7 cr vs Rs 603.4 cr (YoY) (Positive)
*Tanla:* Net profit up 34.5% at Rs 135 cr vs Rs 100.4 cr, Revenue up 13.9% at Rs 911 cr vs Rs 800 cr (YoY) (Positive)
*United Spirits:* EBITDA at Rs 385.0 cr vs poll of Rs 293.0 cr, Revenue at Rs 2,171.9 cr vs poll of Rs 2,119 cr (Positive)
*M&M:* Michigan Federal District Court in its order on Fiat motion said the company’s arm Mahindra Automotive North America can continue to produce/sell post-2020 ROXOR in the US (Positive)
*IOC:* UAE's state-backed oil giant agrees 14-year LNG agreement with Indian Oil Corp valued at $7-9 billion (Positive)
*Federal Bank:* QIP got a strong response; the issue got nearly 7x subscription, media sources (Positive)
*PVR Inox:* Company opens 12 screen multiplex at Forum Mall, Bengaluru (Positive)
*Larsen & Toubro:* Proposal for buyback of equity shares of the Company and payment of Special dividend on 25th July. (Positive)
*LTI Mindtree:* Company has announced strategic partnership with CYFIRMA. (Positive)
*HAL:* Company and Argentina have signed a Letter of Intent on productive cooperation and acquisition of light and medium utility helicopters for the armed forces of the Argentine Republic (Positive)
*TCS:* Company has bagged a deal from British Broadcasting Cooperation (BBC) to change its finance, procurement, and HR applications management
*Tata Motors:* JLR appoints Adrian Mardell as CEO & Richard Molyneux as CFO (Neutral)
*Jindal Stainless:* Company has completed the acquisition of Jindal United Steel (Neutral)
*India Mart:* Revenues up 25.65% at Rs 282.1 crore vs. Rs 224.5 crore. Net profit up 77.9% at Rs 83.1 crore vs. Rs 46.69 crore. (Neutral)
*Indusind Bank:* Board has approved raising of funds through debt securities on a private placement basis for an aggregate amount of Rs 20,000 crore. (Neutral)
*HUL:* Net profit at Rs 2,472 cr vs poll of Rs 2,620 cr, Revenue at Rs 15,148 cr vs poll of Rs 15,450 cr. (Neutral)
*Amara Raja Batteries:* BNP Paribas Arbitrage sold 10.3 lakh shares at Rs 623.53 apiece. (Neutral)
*Infosys:* Net profit reported at Rs. 5950 crore versus poll Rs. 6194 crore, Rupee revenue reported at Rs. 37,933 crore versus poll Rs. 37,716 crore. (Neutral)
*Infosys:* FY24 CC Revenue Guidance Revised To 1-3.5% from 4-7% Earlier.
*Hindustan Unilever:* Q1 domestic volume growth at 3% vs poll pf 5-6%
*Dalmia Bharat:* Net Profit down 29.8% at Rs 144 cr vs Rs 205 cr, Revenues at Rs 3624 cr vs estimates of Rs 3624 cr
*KRBL/ LT Foods:* Government bans export of non-Basmati rice with immediate effect
*Persistent:* Revenue at Rs 2,321.2 cr vs poll of Rs 2,325 cr, Net Profit reported at Rs. 228.0 crore versus poll Rs. 278.0 crore
*Coforge:* CC revenue growth at 2.7% vs poll of 2.8-2.9% rise, $ revenue at $271.8 m Vs Poll Of $274 m
*Quick Heal:* Net loss of Rs 13 crore vs Profit of 0.1 crore QoQ, revenue slipped 16 percent to Rs 51.4 crore
*Responsive Industries:* Brenzett sold 26.5 lakh shares (1%) at Rs 182.02 apiece.
By: via Telegram.me/AlliesFin #StockMarket #india
