Daily Stock Market Snapshot 14 May 2024

Devyani International Limited (DIL) and PVR INOX Limited extend their association and announce a strategic partnership to jointly establish a company in India for the purpose of development and operation of food courts within shopping malls in India.

PVR lnox Mar 2024 (quarterly) Net Loss Rs 129 crore Vs Rs 333 crore Loss yoy. Revenue Rs1256 crore Vs Rs1143 crore yoy.

Birlasoft Ltd has attained the Amazon Web Services (AWS) Migration Consulting status. Birlasoft is part of the $2.9 billion CK Birla Group, which has over 35,000 employees and 49 manufacturing facilities globally.

L&T Technology Services Limited announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm.

DLF: The board has approved the appointment of Managing Director Ashok Kumar Tyagi as chief financial officer, in addition to his existing position.

lndiGo is in talks with ATR, Embraer and Airbus as it looks to order at least 100 smaller planes as it plans to widen its regional network.

Piramal Alternatives, the fund management arm of the Piramal Group, announced an investment of Rs 6 Billion in Annapurna Finance. The deal involved a mix of secondary purchase of shares and providing Tier-II capital.

Samvardhana Motherson International has completed the acquisition of SSCP Aero Topco SAS through its wholly-owned subsidiary SMRC Automotive Holdings Netherlands BV for a purchase consideration of 30.3 million euros.

Tata Power Company has set up over 220 Radio Frequency Identification (RFID)-enabled charging points across Karnataka, further expanding its electric vehicle charging network, EZ Charge.

UPL Ltd likely to file a draft red herring prospectus shortly for raising up to $500 million through a rights issue.

Coromandel International Limited through its wholly owned subsidiary Coromandel Technology Limited , announced acquisition of an additional 7% stake in Chennai-based drone manufacturing company Dhaksha Unmanned Systems Private Limited.

The reserves and resources portfolio of Cairn Oil & Gas, which is a part of Vedanta Ltd, grew 19% on year to 1.4 billion barrels of oil equivalent as of Mar 31.

Maruti Suzuki India Limited is introducing 2 new variants in FRONX priced between Rs 8,93,000 & Rs 9,43,000.

Hero MotoCorp has joined the ONDC Network, thereby becoming the first auto company in the country to join the network.

Cochin Shipyard bags an order (in the range of Rs 500-1,000 crore) from a European Client, for the design and construction of a Hybrid Service operation Vessel (Hybrid SOV) with an option for two more such vessels.

Rail Vikas Nigam bags an order of Rs 239 crore from Southern Railway for “Provision of Automatic Block Signaling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.

Dhanuka Agritech has launched a new herbicide product in the domestic market.

SpiceJet: The Board has approved allotment of 50 lakh equity shares each to Jyoti Gupta and Mayur Gupta at an issue price of Rs 50/share.

SpiceJet will commence daily non-stop flights connecting Delhi and Phuket, starting May 31, 2024.

CG Consumer has secured a top ranking in the DJSI for its outstanding ESG performance. Crompton worldwide, places in the 94th percentile globally and Secures the 7th position among its peers in the DHP Household Durables sector.

Tata Consultancy Services has announced the Creation of a Global Artificial Intelligence (Al) Center Of Excellence in Paris, during the Choose France Summit, hosted by President Emmanuel Macron.

Hindalco Industries: Novelis Inc. has filed a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common shares.

Chalet Hotels March 2024 (Quarterly) Income at Rs 418 crore vs Rs 338 crore YoY. PAT at Rs 82 crore vs Rs 37 crore YoY.

Jay Bharat Maruti March 2024 (Quarterly) Income at Rs 598 crore vs Rs 673 crore YoY. PAT at Rs 11 Crore vs Rs 14 crore YoY.

Sanofi India March 2024 (Quarterly) Income at Rs 732 crore vs Rs 737 crore YoY. PAT at Rs 137 crore Vs Rs 190 crore YoY. Exceptional Loss at Rs 27 crore Vs Exceptional Gain of Rs 18 crore YoY.

Alembic Ltd March 2024 (Quarterly) Income at Rs 49 crore vs Rs 37 crore YoY. PAT at Rs 72 crore vs Rs 48 crore YoY.

GIC Housing Finance March 2024 (Quarterly) Income at Rs 260 crore vs Rs 281 crore YoY. PAT at Rs 54 crore vs Rs 52 crore YoY.

Jindal Steel & Power March 2024 (Quarterly) Income at Rs 13,487 crore vs Rs 13,692 crore YoY. PAT at Rs 933 crore vs Rs 466 crore YoY.

Electrosteel Castings March 2024 (Quarterly) Income at Rs 2,004 crore vs Rs 1,872 crore YoY. PAT at Rs 227 crore vs Rs 89 crore YoY.