Stocks in News
CareEdge Ratings (CARE Ratings) becomes 1st Indian rating agency to assign sovereign ratings to the rest of the world
HCL Tech
Verizon Business forms global strategic partnership with HCLTech for managed network services
Signs $2.1bn deal (Rs 17,000cr) over 6 years
HAL failed to anticipate EASA requirements which took longer time for compliance, additional fee: CAG-PTI
Page Industries
Despite the current market challenges, the management has effectively increased margins by improving the quality aspects of their inventory.
inventory duration declined to 105 days from 164 days QoQ, in line with the management's annual target.
Idea Forge
Receives Rs 88cr for quadcopters from Ministry of Defense
Torrent Power
To Transfer Renewable Power Ops To Torrent Green
Torrent Power-Torrent Green Deal Valued At Rs 1060 cr In Cash
NBCC
Received Rs 955cr EPC order for redevelopment project in New Delhi
Order Period for 5 years
Dreamfolks Services
Aditya Birla Sun Life Mutual Fund has offloaded 4.51 lakh equity shares or 0.85% stake in the airport service aggregator company via open market transaction, at an average price of Rs 577.06 per share. The mutual fund house held 2.49% stake in the company as of June 2023.
Piramal Pharma
BNP Paribas Arbitrage has bought 8.39 lakh shares in the pharma company via open market transactions at an average price of Rs 16.09 per share. However, Life Insurance Corporation of India sold 16.57 lakh shares at an average price of Rs 15.65 per share.
Kirloskar Oil Engines
The Pune-based engines, agricultural equipment, and generator sets manufacturer has recorded profit at Rs 126 crore for June FY24 quarter, rising 53% over a year-ago period, driven by healthy topline and operating performance. Revenue increased by 30% to Rs 1,543 crore during the same period.
Tata Motors
Citibank NA has sold 3.49 crore shares or 1% equity stake in the country's largest commercial vehicle maker, via open market transactions, at an average price of Rs 598.77 per share, which amounted to Rs 2,085.7 crore. Citibank NA New York, Nyadr Department, which is under the overseas depositories category (holding depositories), held 1.38 percent or 4.57 crore equity shares in the Tata Group company as of June 2023.
The life insurance major has announced huge profit of Rs 9,543.7 crore for the quarter ended June FY24 including Rs 7,491.53 crore pertaining to the accretion on the available solvency margin, transferred from non-par fund to shareholders account Profit in Q1FY23 was at Rs 682.88 crore wherein the amount of Rs 4,149 crore pertaining to the accretion on the available solvency margin was not included as this amount was transferred from non-par fund to shareholders account on September 30, 2022. Net premium was flat at Rs 98,362.8 crore against Rs 98,351.8 crore during the same period. On an annualised premium equivalent (APE) basis, the total premium was Rs 9,532 crore for the quarter.
CMS Info Systems
The promoter Sion Investment sold over 20 percent stake in the company via a block deal on Thursday. Societe Generale, ADIA, Massachusetts Institute of Technology, Nomura, Goldman Sachs among the buyers
Hero MotoCorp
Two-wheeler maker on Thursday reported a 32.1 percent year-on-year increase in net profit at Rs 824.7 crore for the first quarter that ended June 30, 2023. The total revenue stood at Rs 8,767.3 crore during the period under review, up 4.5 percent against Rs 8,392 crore in the corresponding period of the preceding fiscal
Adani Enterprises
The company refuted reports if selling stake in Adani Wilmar
SAIL
State-owned company on Thursday reported an 84.4 percent year-on-year fall in net profit at Rs 212.5 crore for the first quarter that ended June 30, 2023. In the quarter, total revenue stood at Rs 24,359.1 crore, up 1.4 percent against Rs 24,028 crore in the corresponding period of the preceding fiscal
By: via Telegram.me/AlliesFin #StockMarket #india
