2022-10-11 06:34:15
STOCKS IN ACTION 11 October
INFOSYS: To Consider BuyBack Proposal Along With Q2 Results On 13th October
Did 3 buybacks in the last 5 Years
This will be the Fourth!
Yr 2017 = Size ~ Rs 13000 Crores (Tender Route)
Yr 2019 = Size ~ Rs 8260 Crores (Open Market)
Yr 2021 = Size ~ Rs 9200 Crores (Open Market)
ADANI PORT:Gets NCLT nod for acquisition of Gangavaram Port
BANK OF BARODA: Revision in MCLR w.e.f. 12th October 2022
IRB INFRA: September Toll Collections Up By 37% YoY - Rs 328.2 Crores
NCL INDUSTRIES: QUARTER UPDATE YoY
Cement Production Down 11%
Cement Dispatches Down 11%
RMC Production and Sales Down 34%
Door Production & Sales Up 18%
MTAR TECHNOLOGIES: Promoter pledge additional 7 Lakh Shares
PANACEA BIOTEC: BAGS ORDER
Receives long-term supply awards worth US$ 127.30 Million (Rs 1040 Crore) from UNICEF and Pan American Health Organization
For supply of its WHO pre-qualified fully liquid Pentavalent vaccine, Easyfive- TT
SUZLON ENERGY: Rights Issue Opens Today
Aims to raise Rs 1200 Crores via issue of additional 240 Crore Shares - Rs 5
Rights Ratio = 5:21
(Record Date was October-4)
VEDANTA: Meeting of Equity Shareholders as per the directions of the NCLT Today
To vote on ‘creating shareholders’ value’ by distributing General Reserve
Has accumulated General Reserves of Rs 12,500 Crores (To be paid as dividend to shareholders)
BAJAJ AUTO: BUYBACK UPDATE
Announces Completion and Closure of BuyBack
Bought Back 64.09 Lakh Shares – utilizing ~ Rs 2500 Crores (That’s 99.99% of the Max BuyBack Size)
ADANI GREEN ENERGY: UPDATE
Completes acquisition of 100% equity share capital of 3 entities namely, Wind One Renergy, Wind Three Renergy and Wind Five Renergy Limited from Inox Green Energy Services Limited
Each houses 50 MW operational wind power projects
INDIA CEMENTS: Enters into Share Purchase Agreement with JSW Cement
Divests the entire shareholdings held by it in Springway Mining for Rs 476.87 Crores
SMPL owns limestone bearing land in Panna District and setting up a Cement plant in Damoh, MP
ASHIANA HOUSING: SALES UPDATE
All 224 units in Phase 1 of ‘Ashiana Amarah’ (Gurugram) converted into booking
Phase 1 has total saleable area of 3.95 lakhs sq. ft
Project consists of 3 BHK and 4 BHK units
Sale value of Rs 242.6 Crores
TCS: Result Review
Q2 Performance Slightly Ahead of Expectations
CC Revenue Growth 4% QoQ
Vs Q1’s 3.5%
Vs Exp of 3.4%
EBIT Margins 24% Vs 23.1%
(Up 90 Bps Vs Exp of 70 Bps Expansion)
Won Orders Worth $ 8.1 Bn
(Last Quarter it was at $8.2 Bn)
But … Hiring at sub 10000 @ 9840 Associates Added in Q2
Attrition 21.5% vs 19.70% QoQ – But management confident it has peaked out
JTL Infra: Q2 Sl Net Profit 203m Rupees Vs 129m (YoY); 110m (QoQ) || Q2 Revenue 2.99b Rupees Vs 2.63b (YoY); 2.57b (QoQ)
HUL: Co Says There Has Been A Price Drop For Lifebuoy In The Western Region || Pack Of 4 Lux Soaps For Rs 140 Will Be Made Into A Pack Of 5 For Rs 156
Inox Wind: Inox Green Energy Services Sold Investments In Units To Adani Green Energy || Inox Green Energy Services Sold Its Entire Investment Held In Units To Adani Green Energy
IDBI Bank: The financial bids for IDBI Bank privatisation are likely to be invited by March and the conclusion of the sale process is expected by September 2023, PTI reported.
IRB InvIT Fund: Toll collection of the fund increased 39% on-year across its existing road portfolio at Rs 72.61 crore.
Power Finance Corporation: Khandukhal Rampura Transmission Ltd., a wholly owned subsidiary of PFC Consulting Ltd. that was established to develop 400 KV Khandukhal-Rampura D/C line has been transferred to the successful bidder, Megha Engineering & Infrastructures Ltd.
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