Daily Stock Market Snapshot 25 April 2024

Hindustan Unilever said its nutrition portfolio, which includes Horlicks, adheres to the “strictest “ quality standards in India, as well as those globally.

Reliance Industries: Viacom18-owned streaming platform Jio Cinema is pivoting towards a hybrid monetisation model by placing Indian general entertainment and movie content behind the paywall.

Tata Motors: Tata Passenger Electric Mobility likely has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo.

The Bombay High Court dismissed a review petition filed by the promoters of Zee Entertainment Enterprises challenging a December 2023 order in a loan default case.

Piramal Capital & Housing Finance Limited, a wholly owned subsidiary of Piramal Enterprises, has received an order from the Office of The Principal Commissioner of CGST & CX, Mumbai East, levying a penalty of Rs. 3,34,99,549.

Reliance Industries Limited has acquired 100% equity stake of MSKVY Nineteenth Solar SPV Limited and MSKVY Twenty-second Solar SPV Limited from MSEB Solar Agro Power Limited, for an aggregate consideration of 1 crore.

National Aluminium Co. Ltd – Khanij Bidesh India Limited has signed a Memorandum of Understanding with the Council of Scientific and Industrial Research – National Geophysical Research Institute.

Colgate-Palmolive – The Company has received GST assessment order for FY 2018-19 with the demand of Rs.1,19,11,198/- (Tax-Rs. 57,89,990 + Interest – Rs. 55,42,209 + Penalty Rs.5,78,999).

IndusInd Bank Limited – A penalty of Rs.0.72 crores has been imposed on the Bank by Deputy Commissioner of State Tax (LTU-547), LTU-04, Mumbai for various GST issues.

HDFC Bank Limited – A penalty of Rs. 0.22 crore has been imposed on the Bank by Joint Commissioner of State Tax, Chhattisgarh for alleged short payment of tax and excess availment of input tax credit.

Tata Consultancy Services has entered into a strategic partnership with Amazon Web Services (AWS) to accelerate its customers cloud transformation journey at scale.

ITC: A Meeting of the Ordinary Shareholder s of the Company will be convened on 6th June, 2024 through electronic mode to consider the proposed scheme of arrangement amongst ITC and ITC Hotels.

Happiest Minds Technologies has signed definitive agreements to acquire 100% of the equity share capital of Pure Software Technologies Pvt Ltd for a total purchase consideration of USD 94.5 million.

Narayana Hrudayalaya has purchased Land admeasuring 1 Acre 8 Guntas (approx. 52,272 Sq. Ft.) in Bengaluru to pursue company’s business expansion plans.

Delta Penland Pvt Ltd (DPPL) has been incorporated as a wholly owned subsidiary of Delta Corp Ltd. DPPL is intended to be the joint venture company between Peninsula land Ltd and the company for real state development.

State Bank of India: The Financial Services Institutions Bureau has recommended Mr. Rana Ashutosh Kumar Singh for the position of Managing Director of the bank.

Indian Bank: The Financial Services Institutions Bureau has recommended Mr. Asheesh Pandey for the position of MD and CEO of the bank.

RVNL emerges as the Lowest Bidder (L1) from Southern Railway for an order of Rs 239 crore for “Provision of Automatic Block Signa ling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.

Kotak Mahindra Bank: The Reserve Bank of India has directed the Bank to cease and desist, with immediate effect from (i) on boarding new customer s through the Bank’s online and mobile banking channels and (ii) issuing fresh credit cards.

Anant Raj March 2024 (Quarterly) Income at Rs 443 crore vs Rs 280 crore YoY. PAT at Rs 84 crore vs Rs 48 crore YoY.

OFSS March 2024 (Quarterly) Income at Rs 1,642 crore vs Rs 1,471 crore YoY. PAT at Rs 560 crore vs Rs 479 crore YoY.

Syngene International March 2024 (Quarterly) Income at Rs 917 crore vs Rs 994 crore YoY. PAT at Rs 189 crore vs Rs 179 crore YoY.

Agro Tech Foods March 2024 (Quarter ly) Income at Rs 178 crore vs Rs 202 crore YoY. PAT at Rs 1.5 crore vs Rs 5 crore YoY.

Dalmia Bharat March 2024 (Quarterly) Income at Rs 4,307 crore vs Rs 3,915 crore YoY. Profit before share of profit in associate and JV and exceptiona item Rs 352 crore vs Rs 348 crore YoY. PAT at Rs 320 crore vs Rs 609 crore YoY.

Macrotech Developers March 2024 (Quarterly) Income at Rs 4,019 crore vs Rs 3,255 crore YoY. PBl at Rs 879 crore vs Rs 638 crore YoY. PAT at Rs 667 crore vs Rs 746 crore YoY.

Indian Hotels March 2024 (Quarterly) Income at Rs 1,905 crore vs Rs 1,625 crore YoY. PAT at Rs 438 crore vs Rs 339 crore YoY.

5Paisa Capital March 2024 (Quarterly) Income at Rs 113 crore vs Rs 91 crore YoY. PAT at Rs 5.8 crore vs Rs 14.4 crore YoY.

MAS Financial Services March 2024 (Quarterly) Income at Rs 346 crore vs Rs 278 crore YoY. PAT at Rs 70 crore vs Rs 57 crore YoY.

Axis Bank March 2024 (Quarterly) PAT at Rs 7,599 crore vs Loss of Rs 5,362 crore YoY. GNPA at 1.43% vs 1.58% QoQ; Net NPA at 0.31o/o vs 0.36% QoQ.

LTIMindtree March 2024 (Quarterly) Income at Rs 8,893 crore vs Rs 8,691 crore YoY. PAT at Rs 1,101 crore vs Rs 1,114 crore YoY.

Hindustan Unilever March 2024 (Quarterly) Income at Rs 15,210 crore vs Rs 15,215 crore YoY. PAT at Rs 2,561 crore vs Rs 2,601 crore YoY.

AU Small Finance Bank March 2024 (Quarterly) PAT at Rs 371 crore vs Rs 425 crore YoY. GNPA at 1.67% vs 1.98% QoQ; Net NPA at 0.55% vs 0.68% QoQ