Daily Stock Market Snapshot 24 April 2024

Kernex Microsystems: “Integral Coach Factory, Chennai” has awarded an order of Rs 8.26 crore for Supply, Installation and Commissioning of Train Collision Avoidance System (TCAS) (KAVACH)

M&M Financial Services: The Board has approved increase in aggregate borrowing limits from Rs 1,10,000 crores to Rs 1,30,000 crores which shall include fund raise by way of issue of NCDs or any other securities or instrument(s), in one or more tranches

Multi Commodity Exchange March 2024 (Quarterly) Income at Rs 181 crore vs Rs 134 crore YoY. PAT at Rs 88 crore vs Rs 5 crore YoY

Huhtamaki India March 2024 (Quarterly) Income at Rs 610 crore vs Rs 662 crore YoY. PBT at Rs 35 crore vs Rs 35 crore YoY. PAT at Rs 26 crore vs Rs 35 crore YoY

360 One Warn March 2024 (Quarterly) Income at Rs 792 crore vs Rs 482 crore YoY. PAT at Rs 243 crore vs Rs 155 crore YoY

ICICI Prudential Life Insurance Company March 2024 (Quarterly) PAT at Rs 174 crore vs Rs 235 crore YoY

llFL Finance: The special audit directed by the Reserve Bank of India (RBI) has commenced on April 23, 2024

Sakuma Exports bags a contract amounting to approximately Rs 150 crores for the supply of sugar to the North East West Bengal and Bihar regions

Lupin has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) for its Aurangabad manufacturing facility

NHPC has signed a Supplementary JV Agreement with JV Partners of National High Power Test Laboratory Pvt. Ltd. (NHPTL) i.e. NTPC, POWERGRID, DVC, CPRI and NHPTL for sale of partial stake in NHPTL

Dr. Reddy’s announced that it is voluntarily recalling six lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg to the consumer level due to powder discoloration in some packets leading to decreased potency

SBI Card has launched three variants of its first travel-focused core credit card, ‘SBI Card MILES’

Tata Consultancy Services likely is setting up large data centres in the four regions of the country as part of its 150 billion deal with Bharat Sanchar Nigam

United Spirits: Excise and taxation authority has raised a VAT demand of 296.9 million on it after disallowing the benefit of credit notes claimed in 2020-2021

Bata India receive show cause notice for FY 2018- 19, from State Tax Officer, Anna Salai Assessment Circle, proposing to levy tax amounting to 605.61 million and Interest thereon

Mahindra & Mahindra Financial Services Limited approved increase in aggregate borrowing limits from 1,10,000 crores to 1,30,000 crores which shall include fund raise by way of issue of non­ convertible debentures or any other securities or instrument

United Spirits Board have approved appointment of Mr. Jagbir Singh Sidhu as Chief Commercial Officer, India with effect from 1st July 2024. Mr. Jagbir Singh Sidhu succeeds Mr. Prathmesh Mishra, current Chief Commercial Officer

Airtel enhances network coverage across Leh and Ladakh, ahead of summer vacation rush

Zydus Lifesciences: USFDA conducted an inspection at the injectable manufacturing site situated at Jarod, near Vadodara. The inspection closed with 10 observations

Bharti Airtel likely is in talks to buy Vodafone Group’s 21.05% stake in Indus Towers

Larsen & Toubro announced that it has produced a hydro treating reactor for the Antonio Dovali Jaime Refinery in Salina Cruz, Mexico

Mahindra & Mahindra Financial Services: The Banking regulator likely is looking into the 1.50 Billion KYC lapse that was disclosed by the Company

Reliance Industries likely to launch products in electronics and home appliances market with New brand Wyzr. The company is finalising Production agreements with Dixon Tech and Onida parent Mire Electronics

Tata Elxsi March 2024 (Quarterly) Income at Rs 906 crore vs Rs 838 crore YoY. PAT at Rs 197 crore vs Rs 202 crore YoY

Tata Consumer Products March 2024 (Quarter ly) Income at Rs 3,927 crore vs Rs 3,619 crore YoY. PAT at Rs 212 crore vs Rs 290 crore YoY

Cyient OLM March 2024 (Quarterly) Income at Rs 362 crore vs Rs 277 crore YoY. PAT at Rs 23 crore vs Rs 13 crore YoY