Daily Stock Market Snapshot 13 May 2024

DLF March 2024 (Quarterly) Income at Rs 2,135 crore vs Rs 1,456 crore YoY. PAT at Rs 920 crore vs Rs 570 crore YoY.

Shriram Finance: The Board has approved the sale of its housing finance subsidiary Shriram Housing Finance Ltd (SHFL) to Warburg Pincus. The proposed transaction is valued at Rs 4,630 crores for equity and convertible instruments of SHFL.

SBI announced that it has become the first bank to become a Trading cum Clearing (TCM) Member at India International Bullion Exchange. India International Bullion Exchange (llBX) is India’s first bullion exchange established in IFSC Gift City.

Aditya Birla Capital Mar 2024 (quarterly) Net Profit 1288 crore Vs 636 crore yoy.

Bharti Airtel and Google Cloud entered into a longterm collaboration to deliver cloud solutions to Indian businesses.

UPL LIMITED Mar 2024 (quarterly) Net Loss Rs 80 Crore Vs Rs 1080 crore Profit yoy. Revenue Rs 14078 Crore Vs Rs 16569 crore yoy.

Zydus Lifesciences received final approval from US FDA to market Dexamethasone Tablets USP, 1 mg.

Glenmark Pharmaceuticals has signed an agreement to buy a 26% stake in 02 Renewable Energy XXIV, a subsidiary of 02 Energy SG, with an investment of Rs 17.5 million.

Aditya Birla Fashion and Retail Limited inform that lndivinity Clothing Retail Private Limited, a subsidiary of the Company, has allotted 2,26,09,088 equity shares for a total consideration aggregating to Rs 100 crore

Lupin Ltd – US Court has lifted the Temporary Restraining Order and denied Astellas’ request for a preliminary injunction on Mirabegron ER Tablets.Thereafter, shipment of the product has now resumed.

Wipro Limited announced the appointment of Vinay Firake as the Chief Executive Officer, APMEA (Asia Pacific, India, Middle East & Africa) Strategic Market Unit (SMU), effective immediately.

Power Grid Corporation Of India received a letter of intent to establish inter-state transmission system for two projects of Rajasthan Renewable Energy Zone, a state government agency for solar power.

Board of Directors of Vedanta Limited have approved the acquisition of additional stake of 46.57% in AvanStrate Inc. from HOYA Corporation, Japan through Cairn India Holdings Limited, a wholly-owned subsidiary of the Company.

Infosys announced that it has completed the acquisition of lnSemi, a leading semiconductor design and embedded services provider.

J.K. Cement Ltd informed about the scheme of Amalgamation sanctioning merger of Aero Paints Limited with JK Maxx Paints Ltd (wholly owned subsidiary of the Company) has been approved by the Regional Director.

Biocon Limited signs semi-exclusive distribution and supply deal for the commercialization of generic Saxenda® (Liraglutide) in Mexico with Medix.

EKI Energy Services to increase its stake in Gloflx Advisory Services Private Limited to 100% from 51%.

PCBL: CARE Ratings has assigned the rating of ‘CARE AA-; Stable/CARE A1+’ to the long-term / short term bank facilities of PCBL(TN) Ltd, a wholly owned subsidiary of the company.

RailTel Corporation has received the work order from Central Warehousing Corporation for Supply Installation Testing and Commissioning of Modern Video Surveillance System across India amounting to Rs 51.5 crore (Including Tax).

RACL Geartech: A minor fire incident occurred in a furnace in HT area at Gajraula plant located at A-3, Industrial Area, Gajraula, Uttar Pradesh. There was no human injuries or casualty reported.

Flair Writing has performed bhumi pujan for Initiating the Construction Work of total built-up area of approximately 180,000 sqft comprising the manufacturing facility, a warehouse and an administrative block for its New Valsad Factory Unit at Valsad.

JSW Steel: Crude Steel production for the month of April’24 at 21.21 Lakh MT, 0.4% higher YoY. Capacity utilisation at Indian Operations stood at 88% for April’24. Iron ore availability constraints from Vijayanagar impacted the production volumes.

Piramal Pharma March 2024 (Quarterly) Income at Rs 2,552 crore vs Rs 2,164 crore YoY. PAT at Rs 101 crore vs Rs 50 crore YoY.

Union Bank March 2024 (Quarterly) PAT at Rs 3,328 crore vs Rs 2,812 crore YoY. GNPA at 4.76% vs 4.83% QoQ; Net NPA at 1.03% vs 1.08% QoQ.

Punjab & Sind Bank March 2024 (Quarterly) PAT at Rs 139 crore vs Rs 457 crore YoY. GNPA at 5.43% vs 5.7% QoQ; Net NPA at 1.63% vs 1.8% QoQ.

Aarti Industries March 2024 (Quarterly) Income at Rs 1,773 crore vs Rs 1,656 crore YoY. PAT at Rs 132 crore vs Rs 149 crore YoY.

Sarla Performance Fibers March 2024 (Quarterly) Income at Rs 106 crore vs Rs 70 crore YoY. PAT at Rs 11.4 crore vs Rs 0.03 crore YoY.

Nuvama Wealth Management March 2024 (Quarterly) Income at Rs 927 crore vs Rs 613 crore YoY. PAT at Rs 181 crore vs Rs 85 crore YoY.

Siyaram Silk Mills March 2024 (Quarterly) Income at Rs 648 crore vs Rs 695 crore YoY. PAT at Rs 69 Crore vs Rs 88 crore YoY.

BEML March 2024 (Quarterly) Income at Rs 1,514 crore vs Rs 1,388 crore YoY. PAT at Rs 257 crore vs Rs 158 crore YoY.

J K Cements March 2024 (Quarterly) Income at Rs 3,106 crore vs Rs 2,778 crore YoY. PAT at Rs 220 crore vs Rs 110 crore YoY.