Daily Stock Market Snapshot 22 May 2024

Jubilant Foodworks March 2024 (Quarterly) Income at Rs 1,573 crore vs Rs 1,270 crore YoY. PAT at Rs 208 crore vs Rs 29 crore YoY. Exceptional Gain at Rs 170 crore in current quarter.

Indigo Paints March 2024 (Quarterly) Income at Rs 385 crore vs Rs 325 crore YoY. PAT at Rs 54 crore vs Rs 49 crore YoY.

Sun Pharmaceutical Industries Mar 2024 (quarterly) Net Profit Rs 2654 crore Vs Rs 1985 crore yoy. Revenue Rs 11982 crore Vs Rs 11303 crore yoy.

Tata Consultancy Services has signed a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait.

Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) to market Theophylline Extended-Release Tablets, 300 mg and 450 mg.

Cipla gets final USFDA nod for Lanreotide Injection Used to treat Acromegaly & Gastroenteropancreatic Neuroendocrine Tumors

Trent: Zudio opened a record 203 new stores in FY24, entering 46 new cities. The company reported Consolidated revenues of Rs 12,375.11 crore and a profit of Rs 1,477.46 crore for FY24.

Adani Ports & SEZ likely is preparing a $3 billion fund to increase its global ports capacity and establish a significant presence in the corridor connecting India to Europe via Central and West Asia.

Dixon Technologies (India) likely to make Alphabet Inc’s super-premium Google Pixel 8 smartphones in The country.

GAIL (India) likely plans to invest up to Rs 500 billion to build a 1.5 million ton per annum ethane cracking unit at Sehore, Madhya Pradesh.

HDFC Bank sold its entire 3.20% stake in Protean eGov Technologies for Rs 1.50 billion.

Zee Entertainment Enterprises incurred Rs 4.32 billion in merger-related costs during 2023-24 and 2022-23On its failed merger deal with Sony Group Corporation’s India media unit, Culver Max Entertainment.

Coforge launches Rs 2,240 crore QIP to fund Cigniti Technologies acquisition. Floor price for the QIP has been fixed at Rs 4,531 per share.

HCLTech has been named as a Leader in the 2024 Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services (ODWS).

The Water Resources Department has issued a notice on United Spirits Limited to pay water charge Arrears totaling to Rs 345.45 crore for the period Starting from November 2018 to April 2024, at its unit at Nanded, within 7 days of receipt of the Notice.

Alvotech and Dr. Reddy’s Laboratories SA, wholly­ owned subsidiary of Dr. Reddy’s Laboratories Ltd have entered into a license and supply agreement for the commercialization of AVT03, Alvotech’s biosimilar candidate to Prolia® and Xgeva® (denosumab).

TVS Motor Company launched its premium electric Scooter,TVS iQube in Sri Lanka.

Reliance Industries: Nel Hydrogen Electrolyser AS, a Fully owned subsidiary of Nel ASA has entered into a technology licensing agreement with Reliance Industries Ltd (RIL). The agreement provides RIL with an exclusive license for Nel’s alkaline electrolysers in India and also allows RIL to Manufacture Nel’s alkaline electrolysers for captive purposes globally .

Lnox Wind Ltd has received ‘A’ rating from CARE Ratings Ltd for its banking facilities. ‘CARE A; Stable I CARE A 1’ rating for working capital limits.

Karur Vysya Bank: ICRA has reaffirmed the credit rating for Certificate of Deposit Programme of Rs 3,000 crore as ‘ICRA A 1+’.

Railtel Corporation bags an order of Rs 17 crore from Defence Research And Development Organisation.

Lupin has entered into a settlement agreement with Health Care Service Corporation and Humana Inc. in connection with ongoing litigation for Glumetza®, a Drug for treatment of diabetes for USD9 million.

Welspun Enterprises: Diversified standalone order book stands at Rs 12,200 crore. Water & Wastewater management projects constitutes 77% and Road projects constitutes 23%.

Laxmi Organic: The Board has approved the appointment of Mr. Ravi Goenka as Whole-Time Director designated as Executive Chairman of the Company for a period of 5 years with effect from September 1, 2024 till August 31, 2029.

HCLTech has been named as a Leader in the 2024 Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services

Muthoot Capital Services has issued Commercial Papers (CP) amounting to Rs 53.50 crore on 21St May 2024.

Mayur Uniquoters: The Board has approved the Investment upto the amount of Rs 30 crore by way Of subscribing to the Common stock of Mayur BHUniquoters Corp. (‘MUC’) USA, Wholly Owned Subsidiary Company, subject to applicable laws.

Greenply Industries March 2024 (Quarterly) Income At Rs 600 crore vs Rs 427 crore YoY. PAT at Rs 28 Crore vs Rs 11 crore YoY.

Tilaknagar Industries March 2024 (Quarterly) Income at Rs 359 crore vs Rs 357 crore YoY. PAT at Rs 31 crore vs Rs 59 crore YoY.

Pl Industries March 2024 (Quarterly) Income at Rs 1,741 crore vs Rs 1,566 crore YoY. PAT at Rs 370 crore vs Rs 281 crore YoY.

Dollar Industries March 2024 (Quarterly) Income at Rs 500 crore vs Rs 406 crore YoY. PAT at Rs 34 Crore vs Rs 0.5 crore

NGL Fine Chem March 2024 (Quarterly) Income at Rs 100 crore vs Rs 74 crore YoY. PAT at Rs 12 crore Vs Rs 9 crore YoY.

Sheela Foam March 2024 (Quarterly) Income at Rs 845 crore vs Rs 729 crore YoY. PAT at Rs 65 crore vs Rs 44 crore YoY.

Maharashtra Seamless March 2024 (Quarterly) Income at Rs 1,215 crore vs Rs 1,633 crore YoY. PBT at Rs 290 crore vs Rs 301 crore YoY. PAT at Rs 218 crore vs Rs 373 crore YoY.

Galaxy Surfactants March 2024 (Quarterly) Income At Rs 929 crore vs Rs 980 crore YoY. PAT at Rs 78 Crore vs Rs 91 crore YoY.

Gulf Oil Lubricants March 2024 (Quarterly) Income at Rs 870 crore vs Rs 792 crore YoY. PAT at Rs 87 crore vs Rs 62 crore YoY.

Morepen Laboratories March 2024 (Quarterly) Income at Rs 423 crore vs Rs 364 crore YoY. PAT at Rs 28 crore vs Rs 8 crore YoY.

GE T&D India March 2024 (Quarterly) Income at Rs 914 crore vs Rs 703 crore YoY. PAT at Rs 66 crore vs Loss of Rs 15 crore YoY.

Metropolis Healthcare March 2024 (Quarterly) Income at Rs 331 crore vs Rs 283 crore YoY. PAT at Rs 37 crore vs Rs 33 crore YoY.

Ircon International March 2024 (Quarterly) Income At Rs 3,743 crore vs Rs 3,781 crore YoY. PAT at Rs 247 crore vs Rs 256 crore YoY.

Action Construction Equipment March 2024 (Quarterly) Income at Rs 836 crore vs Rs 614 crore YoY. PAT at Rs 98 crore vs Rs 47 crore YoY.

JK Tyre March 2024 (Quarterly) Income at Rs 3,698 crore vs Rs 3,632 crore YoY. PAT at Rs 172 crore vs Rs 112 crore YoY.

TVS Electronics March 2024 (Quarterly) Income at Rs 97 crore vs Rs 85 crore YoY. PAT at Rs 0.6 crore vs Rs 1.5 crore YoY.

Fiem Industries March 2024 (Quarterly) Income at Rs 558 crore vs Rs 436 crore YoY. PAT at Rs 46 crore vs Rs 38 crore YoY.

ERIS Lifesciences March 2024 (Quarterly) Income at Rs 551 crore vs Rs 403 crore YoY. PAT at Rs 80 Crore vs Rs 61 crore YoY.

Godawari Power March 2024 (Quarterly) Income at Rs 1,530 crore vs Rs 1,317 crore YoY. PAT at Rs 219 crore vs Rs 170 crore YoY.

Va Tech Wabag March 2024 (Quarterly) Income at Rs 934 crore vs Rs 927 crore YoY. PAT at Rs 78 crore vs Loss of Rs 112 crore YoY. The company had exceptional loss of Rs 243 crore in March 2023 quarter.