2024-04-09 07:26:36
Stocks to watch-
Tata Motors: The company reported JLR wholesales at 4 lakh units, up 25% YoY, for the end of FY 24, while JLR retail sales is up 22% at 4.3 lakh units and for the end of quarter fourth JLR wholesales stood at 1.1 lakh units, up 16% YOY, JLR retail sales at 1.1 lakh units, up 11% YoY.
Axis Bank: Bain Capital is looking to sell its entire stake in Axis Bank through a block deal.
Yes Bank: The company received Rs 244 crore from a single trust in the Security Receipts Portfolio after the sale of NPA Portfolio to JC Flower ARC in December 2022.
Gland Pharma: Shareholder Nicomac Machinery and RP Advisory Services plan to sell up to 4.9% stake in the company at a floor price of Rs 1,725 apiece which represents a discount of 7.34% from current market price.
Shilpa Medicare: The company has opened its qualified institutional placement and set the issue price at Rs 477.33 apiece which indicates a 10% discount to current market price. The QIP will result in equity dilution of 11.24% after the issue.
Sula Vineyards: The company recorded double- digit revenue growth in the fourth quarter as well as the whole of FY24. Net revenue grew by 10% YoY to Rs 131.8 crore in Q4, sales from own brands was up 9% at Rs 113 crore, and wine tourism stood at Rs 16.4 crore, up 31%. It also announced the acquisition of N D Wines.
Dilip Buildcon: The company received order worth of Rs 1,092 crore from Haryana Rail Infrastructure Development Corp on EPC mode.
Rail Vikas Nigam: The company has incorporated a subsidiary company "RVNL INFRA MIDDLE EAST" in Oman.
SJVN: The company's arm SJVN Green Energy signed a joint venture agreement with Assam Power Distribution Company to develop renewable energy projects, parks. The arm will hold 51% shareholding in joint venture company.
Paisalo Digital: The company will hold it board meeting on April 12 to consider fundraising through allotment of NCDs through Private Placement basis.
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