India Daybook Stocks in News
@AlliesFin
*RateGain Travel:* Societe Generale Funds bought 933222 at Rs. 715.00 (Positive)
*Sat Ind:* Societe Generale Funds bought 700000 of the company (Positive)
*Uflex:* Company commissions CPP film production line with capacity of 18,000 mt/day in Flex Films Rus LLC, Russia (Positive)
*Tata Power:* TP Saurya Limited Commissions 200 MW Solar Project in Bikaner, Rajasthan. (Positive)
*HAL:* Company announces highest-ever revenue of over Rs 29,810 crore in FY 2023-24, marking double-digit growth of around 11%. (Positive)
*ABFRL:* Company aims to vertically demerge its Madura Fashion & Lifestyle business into separate listed entity. (Positive)
*South Bank:* Gross advances as on March 31 at Rs 64168 crore, up 16.04% year-on-year. (Positive)
*Dilip Buildcon:* Company transfers 26% stake in units to Alpha Alternatives Holdings for Rs 109 cr (Positive)
*Vijaya Diagnostocs:* Kotak Mutual Fund bought 810000 (Positive)
*Reliance:* Jio adds 41.78 lk users vs 39.94 lk users (MoM). (Positive)
*Associated Alcohol:* Has been allotted the license for supplying Country Liquor in the allotted districts of Madhya Pradesh (Positive)
*Bharti Airtel:* Company adds 7.52 lk users vs 18.50 lk users (MoM). (Neutral)
*Vodafone Idea:* Company losses 15.22 lk users vs 13.68 lk users (MoM) (Neutral)
*Ashok Ley:* Total vehicle sales down 4% at 22,866 units vs Est 21000 units (YoY) (Neutral)
*Atul Auto:* Total sales down 0.8% at 3,128 units vs 3,154 units (YoY) (Neutral)
*Bharat Dynamics:* FY24 turnover at ₹2,350 crore vs ₹2,489.4 crore (YoY) (Neutral)
*ICICI Lombard:* Gets GST demand and penalty order worth Rs 7.8 crore from Bihar tax authorities. (Neutral)
*Maruti Suzuki:* Company gets demand notice giving effect to ITAT's order for FY 2010 demand worth Rs 238.7 crore. (Neutral)
*South Bank:* Gross advances as on March 31 at Rs 80,337 crore, up 11.4% year-on-year. (Neutral)
*TVS Motors:* March Sales numbers seen at 3.55 lakh units versus estimates 3.70 lakh units. (Neutral)
*HDFC Bank:* Names Suketu Kapadia as group head of interal audit (Neutral)
*CSB Bank:* Total deposits stood at ₹29,719 crore, marking a quarter-on-quarter increase from ₹27,345 crore (Neutral)
*Aurobindo Pharma:* Company in agreement with Merck Sharp & Dohme Singapore to extend the timelines. (Neutral)
*Solara Active:* Executes agreement for sale of 100% stake in arm to Symbio Generrics for Rs 12.5 crore (Neutral)
*Asian Paints:* Board approves amalgamation of units Maxbhumi Developers and Sleek International with company. (Neutral)
*IMFA:* Indian Metals board approves withdrawal of Scheme of Amalgamation of Utkal Coal into co, acquisition of remaining shares of subsidiary Utkal Coal to make it a wholly-owned unit (Neutral)
*PNB:* Bank approved raising of capital for an amount up to 100b rupees through Basel iii compliant bonds (Neutral)
*Trident:* Company has fully redeemed non-convertible debentures aggregating to 250m rupees (Neutral)
*Strides Pharma:* Company proposes to consolidate group's South African business under trinity pharma (proprietary) limited, South Africa. (Neutral)
*SH Kelkar:* Approved an equity investment of $7m at a premium of $7.68 per equity share in unit keva fragrance industries. (Neutral)
*Syngene International:* Company gets demand order worth Rs 16 crore from Income Tax Department for AY2022-23 (Neutral)
*Goodluck India:* Declared second interim dividend of ₹2/share (Neutral)
*Zomato:* Company gets tax demand and penalty order worth Rs 184.2 crore from Delhi tax authorities.
*Infosys:* Company faces tax demand of ₹341 crore while its subsidiary gets a refund
*Hero Motocorp:* March Sales numbers seen at 4.90 lk units versus estimates 5.40 lk units
*NMDC:* Company's March production at 4.86 MT vs 5.6 MT in March 24
*Uno Minda:* Company received communication from Honda Motorcycle & Scooter India informing about the global recall of their bikes on account of leakage of oil observed from the engine
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
