Daily Stock Market Snapshot 18 May 2024

Vedanta: ICRA has assigned a long-term rating of ‘AA-‘ and a short-term rating of ‘A 1+’ to the company with ‘rating watch with developing implications.

Nestle India shareholders have rejected the Company’s proposal to raise the general licence fee paid to its Switzerland-based parent company Societe des Produits Nestle SA.

Vodafone Idea likely is in advanced discussions with its vendors as it expects to begin offering 5G services within the next six months.

IDFC Ltd, IDFC First Bank Ltd equity shareholders approve amalgamation of IDFC Financial Holding Company Limited into and with IDFC and IDFC Limited into and with IDFC FIRST Bank.

Dalmia Cement (Bharat) Limited, wholly owned subsidiary of Dalmia Bharat Limited, has commenced commercial production at its new cement plant of 1.0 MTPA at Ariyalur, Tamil Nadu.

Bank of Baroda has signed a Memorandum of Understanding (MoU) for incorporation of CCIL IFSC Ltd. and equity contribution of 6.125% in the company.

Apollo Tyres Ltd has agreed to acquire 5.09% shareholding of Green Infra Wind Energy Generation Limited.

Dr. Reddy’s Laboratories Limited – USFDA completed a routine GMP inspection at formulations manufacturing facilities Visakhapatnam and have been issued a Form 483 with two observations.

JSW Steel board has approved fund raising up to Rs 140 billion half of this amount will be raised through non-convertible debentures and the other half will be raised through equity shares or convertible securities.

Balkrishna Industries March 2024 (Quarterly) Income at Rs 2,682 crore vs Rs 2,317 crore YoY. PAT at Rs 487 crore vs Rs 260 crore YoY.

Wipro announced the appointment of Sanjeev Jain as the Chief Operating Officer effective immediately.

HDFC Bank has executed documentation with The Clearing Corporation India Limited (“CCIL”) along with 7 other shareholders in relation to an investment in the equity shares of a proposed subsidiary of CCIL which is yet to be incorporated in International Financial Services Centre (“IFSC”) within the Gujarat International Finance Tee-City .

HFCL has strengthened its position in the defense sector with the development of cutting-edge defense electronic products.

Amber Enterprises March 2024 (Quarterly) Income at Rs 2,805 crore vs Rs 3,003 crore YoY. PAT at Rs 99 crore vs Rs 108 crore YoY.

Tasty Bite Eatables March 2024 (Quarterly) Income at Rs 109 crore vs Rs 11O crore YoY. PAT at Rs 3 Crore vs Rs 9 crore YoY.

Bharat Bijlee March 2024 (Quarterly) Income at Rs 587 crore vs Rs 430 crore YoY. PAT at Rs 49 crore vs Rs 27 crore YoY.

Sudarshan Chemical March 2024 (Quarterly) Income at Rs 764 crore vs Rs 691 crore YoY. PAT at Rs 58 crore vs Rs 33 crore YoY.

Phoenix Mills March 2024 (Quarterly) Income at Rs 1,306 crore vs Rs 729 crore YoY. PAT at Rs 392 crore A vs Rs 292 crore YoY.

NHPC March 2024 (Quarterly) Income at Rs 1,888 crore vs Rs 2,029 crore YoY. PAT at Rs 611 crore vs Rs 745 crore YoY.

Shipping Corporation March 2024 (Quarterly) Income at Rs 1413 crore vs Rs 1418 crore YoY. PAT at Rs 307 crore vs Rs 380 crore YoY.

Godrej Industries March 2024 (Quarterly) Income at Rs 4,567 crore vs Rs 4,852 crore YoY. Loss at Rs 25 crore vs PAT of Rs 562 crore YoY.

Astral March 2024 (Quarterly) Income at Rs 1,625 crore vs Rs 1,506 crore YoY. PAT at Rs 181 crore vs Rs 206 crore YoY.

Sobha March 2024 (Quarterly) Income at Rs 763 Crore vs Rs 1,210 crore YoY. PAT at Rs 7 crore vs Rs 49 crore YoY.

Zydus Lifesciences March 2024 (Quarterly) Income At Rs 5,534 crore vs Rs 5,011 crore YoY. PAT at Rs 1,246 crore vs Rs 358 crore YoY.

JSW Steel March 2024 (Quarterly) Income at Rs 46,269 crore vs Rs 46,962 crore YoY. PAT at Rs 1,322 crore vs Rs 3,741 crore YoY.

Kirloskar Ferrous Industries March 2024 (Quarterly) Income at Rs 1,536 crore vs Rs 1,566 crore YoY. PAT at Rs 18 crore vs Rs 95 crore YoY.

Balrampur Chini Mills March 2024 (Quarterly) Income at Rs 1,434 crore vs Rs 1,492 crore YoY. PAT at Rs 203 crore vs Rs 254 crore YoY.

Zee Entertainment March 2024 (Quarterly) Income at Rs 2,170 crore vs Rs 2,112 crore YoY. PAT at Rs & 13 crore vs Loss Rs 196 crore YoY.

Tourism Finance Corporation March 2024 (Quarterly) Income at Rs 58 crore vs Rs 60 crore YoY. PAT at Rs 20 crore vs Rs 25 crore YoY.

Delhivery March 2024 (Quarterly) Income at Rs 2,076 crore vs Rs 1,860 crore YoY. Loss at Rs 68 crore vs Loss Rs 159 crore YoY.