*Stocks to Watch*
*Tata Motors* : Subsidiary Jaguar Land Rover (JLR) announced 27 percent YoY growth in Q3 sales to 101,043 units. YTD wholesales for FY24 were 291,113 units, up 28 percent year-on-year. Retail sales went up 29 percent to 109,140.
*Bajaj* *Auto* : The board of directors approved the proposal to buy back shares worth Rs 4000 crore. The company will buy back 40 lakh equity shares at an average price of Rs 10,000 per share.
*Cipla* : The company has announced a JV in the US with Kemwell Biopharma and Manipal Education & Medical Group to develop and commercialise novel cell therapy products for unmet medical needs in the US, Japan and the EU.
*Eicher* *Motors* : Has signed a non-binding MoU with the Tamil Nadu government to invest Rs 3000 crore over 8 years to build greenfield and brownfield projects in the state as part of the Tamil Nadu Global Investors Meet 2024, Chennai.
*BEML* : The company has bagged a Rs 329.87 crore worth order from the Ministry of Defence to supply a Mechanical Minefield Marking Equipment Mark-II.
*Brigade Enterprises* : Has signed MoUs worth Rs 3,400 crore with the Tamil Nadu government to develop projects in the next 3-4 years as part of the Tamil Nadu Global Investors Meet 2024, Chennai.
*Oil* *India* : It has signed a Joint Venture Agreement (JVA) with Assam Power Generation Corporation to work together in renewable/green energy business.
*Lemon* *Tree* *Hotels* : The hotel chain signed a new hotel in Meerut, Uttar Pradesh. The hotel will be open from FY25 and will be franchised by the company. The hotel will have 75 rooms.
*Aurobindo* *Pharma* : The company announced it received the establishment inspection report from the US FDA for its Telangana unit. The report classified the facility as “Voluntary Action Indicated.”.
*IRM* *Energy* : The company signed a MoU with the Tamil Nadu government to invest Rs 858 crore in a project in the state over the next 5 years as part of the Tamil Nadu Global Investors Meet 2024 in Chennai. The projects will provide employment to 2200 people in the state.
By: via Telegram.me/AlliesFin #StockMarket #Bharat
