Daily Stock Market Snapshot 8 May 2024

Sasken Technologies March 2024 (Quarterly) Income at Rs 109 crore vs Rs 103 crore YoY. PAT at Rs 17 crore vs Rs 17 crore YoY.

Voltas March 2024 (Quarterly) Income at Rs 4,203 crore vs Rs 2,957 crore YoY. PAT at Rs 111 crore vs Rs 143 crore YoY.

PB Fintech March 2024 (Quarterly) Income at Rs 1,090 crore vs Rs 869 crore YoY. PAT at Rs 60 crore vs Loss of Rs 9 crore YoY.

JSW Energy March 2024 (Quarterly) Income at Rs 2,756 crore vs Rs 2,670 crore YoY. PAT at Rs 345 crore vs Rs 282 crore YoY.

Indraprastha Gas March 2024 (Quarterly) Income at Rs 3,597 crore vs Rs 3,682 crore YoY. PAT at Rs 433 crore vs Rs 398 crore YoY.

Sonata Software March 2024 (Quarterly) Income at Rs 2,192 crore vs Rs 1,914 crore YoY. PAT at Rs 110 crore vs Rs 114 crore YoY.

Dr. Reddy’s Laboratories March 2024 (Quarterly) Income at Rs 7,114 crore vs Rs 6,315 crore YoY. PAT at Rs 1310 crore vs Rs 960 crore YoY.

Hero MotoCorp Mar 2024 (quarterly) Net Profit Rs 943 crore Vs Rs 811 crore yoy. Revenue Rs 9617 crore Vs Rs 8434 crore yoy.

Canara Bank Mar 2024 (quarterly) Net Profit Rs 3952 crore Vs Rs 3337 crore yoy. Gross NPA at 4.23% Vs 4.39o/o qoq; Net NPA at 1.27% Vs 1.32% qoq.

Bharat Forge Mar 2024 (quarterly) Net Profit Rs 227 crore Vs Rs 127 crore yoy. Revenue Rs 4164 crore Vs Rs 3629 crore yoy.

Indian Coast Guard & Jindal Steel & Power sign MoU for supply of indigenous marine grade steel.

The Power Transmission & Distribution business of Larsen & Toubro has won multiple orders in India and abroad. The business has bagged orders to establish two Floating Solar Plants in India.

REC Ltd likely is targeting Rs 10 trillion of loan book by 2029-30, with 50-60% comprising conventional power generation, transmission and distribution projects, and 30% focused on the renewable energy segment.

JSW Energy: The Board has approved raising of funds not exceeding Rs 10,000 crores in one or more tranches, through the issuance of eligible securities of the Company by way of private offerings and / or on a preferential allotment basis and / or a QIP.

LTIMindtree collaborates with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India, a co-innovation center combining the power of the IBM watsonx Al and data platform and the engineering skills of LTIMindtree.

Avantel bags an order of Rs 4.3 crore from Mazagon Dock Shipbuilder.

Dr. Reddy1s Laboratories: Mr. M V Narasimham, currently Dy. Chief Financial Officer of the Company is being elevated to the role of the Chief Financial Officer of the Company with effect from August 1, 2024.

United Breweries March 2024 (Quarterly) Income at Rs 2,133 crore vs Rs 1,766 crore YoY. PAT at Rs 82 crore vs Rs 10 crore YoY.

Jindal Saw March 2024 (Quarterly) Income at Rs 5,425 crore vs Rs 5,188 crore YoY. PAT at Rs 480 crore vs Rs 298 crore YoY.

Jupiter Wagons March 2024 (Quarterly) Income at Rs 1,115 crore vs Rs 712 crore YoY. PAT at Rs 105 crore vs Rs 39 crore YoY.

KEC International March 2024 (Quarterly) Income at Rs 6,165 crore vs Rs 5,525 crore YoY. PAT at Rs 152 crore vs Rs 72 crore YoY.

Pidilite Industries March 2024 (Quarterly) Income at Rs 2,902 crore vs Rs 2,689 crore YoY. PAT at Rs 304 crore vs Rs 286 crore YoY.

Delta Corp March 2024 (Quarterly) Income at Rs 195 crore vs Rs 214 crore YoY. PAT at Rs 72 crore vs Rs 51 crore YoY.

Orient Bell March 2024 (Quarterly) Income at Rs 208 crore vs Rs 200 crore YoY. PAT at Rs 5 crore vs Rs 6 crore YoY.

Max Financial Services March 2024 (Quarterly) Loss at Rs 50 crore vs PAT of Rs 52 crore YoY.

Mahindra & Mahindra Limited – NCLT has pronounced an Order allowing the Scheme of Merger by Absorption of Mahindra Heavy Engines Limited and Mahindra Two Wheelers Limited and Trringo.com Limited with Mahindra and Mahindra Limited.

Infosys and ServiceNow, the Al platform for business transformation, announced a strengthened collaboration to transform customer experiences with generative Al-powered industry solutions, at ServiceNow’s annual customer and partner event Knowledge 2024.

Dixon Technologies’ subsidiary ‘Dixon Electro Appliances Pvt Ltd’ has entered into an Agreement with Nokia Solutions and Networks OY for Undertaking development and manufacturing of Telecom products.

Tata Elxsi collaborates with Arm, the global semiconductor design and software platform company, to accelerate the Software-Defined Vehicle Journey for OEMs.

Devyani International: Mr. Gaurav Gupta, Head of Finance (designated as Senior Management Personnel), has tendered his resignation from the services of the Company effective from close of business hours of May 7, 2024.

AMI Organics: The Patent Office, Government of India, has granted Process Patent to Company for its inventions titled “A PROCESS FOR ITS PREPARATION OF LUMATEPER ONE TOSYLATE INTERMEDIATE” for a term of 20 years.

United Breweries: The Board has approved the appointment of Mr. Jorn Kersten as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from August 01, 2024.

Salasar Techno Engineering has successfully completed the payment of the remaining balance amounting to Rs 168 crore for acquisition of EMC Ltd. (Formerly known as Electrical Manufacturing Company Ltd).