Stock Market Snapshot 01 July 2024

Eicher Motor June Total Sales Volume of VECV 7,424 units vs 6,715 unit’s, up 10.6%.

In June 2024,Maruti Suzuki India Limited sold a total of 179,228 units. Total sales in the month include domestic sales of 139,918 units, sales to other OEM of 8,277 units and exports of 31,033 units.

Ashok Leyland June Total sales 14940 units vs 15221 units, down 2 % YoY.

In June 2024,Maruti Suzuki India Limited sold a Total of 179,228 units vs 159,418 units in June 2023.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector announced its tractor sales numbers for June 2024. Domestic sales in June 2024 were at 45888 units, as against 43364 units during June 2023.

Mahindra & Mahindra Ltd. (M&M Ltd.) announced that its overall auto sales for the month of June 2024 stood at 69,397 vehicles, a growth of 11%, including exports.

Asian Paints had set up a paint manufacturing plant at Mysuru, Karnataka with an ultimate Production capacity of 6,00,000 KL per annum to be implemented in a phased manner with an initial production capacity of 300,000 KL per annum.

JSW Steel Limited and JFE Steel Corporation have commenced pilot demonstration of cloud-based Cyber-Physical System technologies for blast furnace operations at JSW Steel Vijayanagar Works.

Escorts Kubota Limited Construction Equipment Business Division in June 2024 sold 440 machines as against 491 machines sold in June 2023.

Escorts Kubota Limited Agri Machinery Business Division in June 2024 sold 9,593 tractors as against 9,850 tractors sold in June 2023.

Bajaj Auto June Total sales 3,58,477 units vs 3,40,981 units YoY, up 5%.

FSIB recommends CS Setty as next SBI Chairman. Challa Sreenivasulu Setty is on the board of Asset Reconstruction Co. (India) Ltd. And Co-Managing Director & Director at State Bank of India.

Government likely asks airlines not to hike prices after nearly 80 flights cancelled at Delhi Airport.

Adani Ports and Special likely has completed the divestment of its 49% stake in Adani Ennore Container Terminal to Mundi.

Godrej Properties Limited has acquired 7 acres of land in Thanisandra, North Bengaluru on outright basis, for development of a high-end residential project with an estimated revenue potential of 1200 crore.

Bank of Baroda has received a demand order of Rs. 1067.82 crore under section 156 of the Income Tax Act, 1961,pertaining to AV 2017-18.

Laurus Labs Ltd received the establishment inspection report from the US Food and Drug Administration for its active pharmaceutical ingredient manufacturing facilities in Visakhapatnam ,Andhra Pradesh.

Info Edge (India) to divest its 34.93% holding held in Wishbook lnfoservices Private Limited (Wishbook) on fully converted & diluted basis, through its Wholly-owned subsidiary, Startup Investments (Holdina) Limited (SIHL).

Tata Consumer Products Limited has received an Assessment Order of Rs. 171.83 crore (including“ interest).

HDFC Life Insurance Company has received a GST order from Joint Commissioner,CGST & Central Excise, Maharashtra of a Tax demand of Rs.132.70 crore & Penalty -132.70 crore.

Info Edge (India) Invested about 5.2 Crores in Sploot Private Limited through Redstart Labs (India) Ltd, a wholly owned subsidiary of the Company.

Godrej Properties Limited has acquired leasehold rights for 11 acre land parcel in Hinjewadi, Pune, Offering developable potential of 2.2 million square Feet with an estimated revenue potential of Rs.1,800 crore.

Agile Pharma BV, The Netherlands, a wholly owned step-down subsidiary of Aurobindo Pharma, has acquired entire share capital of Ace Laboratories Limited,UK,and made it a wholly owned subsidiary of Agile Pharma BV.

UltraTech Cement announce the commissioning of An additional 3.35 mtpa clinker along with 1.8 mtpa Grinding capacity at its existing unit situated at Tadipatri,Andhra Pradesh.

TVS Motor Company Limited has subscribed to and Has been allotted further 68,94,335 equity shares in PiiQ TVS Credit Services Limited. The cost of subject investment is Rs. 282.67 crore.

Zydus and Dr. Reddy’s announce licensing agreement for co-marketing of Pertuzumab biosimilar, a critical treatment for breast cancer patients in India.

Coromandel International Limited launched a new magnesium-fortified complex grade fertiliser ‘Paramfos Plus’ in Bengaluru.

Titan Company has executed a Joint Venture Agreement with Rhythm Jewellery Limited for incorporation of a joint venture company in Bangladesh with the objective of manufacturing, marketing and retailing of jewellery products in Bangladesh.

ICICI Prudential Life Insurance Company Limited Has received an order under Goods and Service Tax Act, 2017 to the extent possible :Total Rs. 364,72,79,080/- (excluding Interest).

ACC Ltd has received Orders from the Joint Commissioner of Central Tax, GST Commissionerate, East Bengaluru, Karnataka levying penalty of Rs. 2,82,94,728/-.

Bharat Electronics Limited,has signed a contract Valued at Rs. 3172 Crore with Armoured Vehicles Nigam Limited at AVNL Headquarters in Chennai.

GIC Housing Finance: Shri Mukesh Khedekar has ceased to be the Senior Management Personnel (SMP) of the Company with effect from close of Business hours on June 30,2024 due to superannuation.

MOIL: The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% and SMGR (Mn-30% & Mn-25%),Fines and Chemical grades have been decreased by 8%.

MOIL: The prices of all Ferro grades of manganese Ore with Manganese content of Mn-44% and above Have been increased bv 2%.

JIO Financial Services: CARE has assigned CARE AAA; Stable and CARE A 1+ to the proposed Long Term and Short Term Bank Facilities of the company.

Blue Jet Healthcare at the Company’s existing Unit 2 facility situated at Ambernath,Maharashtra, has commissioned multi-product Production block to manufacture pharma intermediates.

Life Insurance Corporation: Mr. Siddhartha Mohanty,the incumbent Chairperson of the Life Insurance Corporation of India, shall be the Chief Executive Officer & Managing Director of the Corporation effective from June 30, 2024.

Aditya Vision has opened its 150th Showroom at Bariatu Road,Baragain,Ranchi,Jharkhand.

Roto Pumps has announced Global launch of its new product (Artificial Lift Downhole Pumps) on the auspicious occasion of the 80th Birth Anniversary Of Late Shri Nand Kishore Gupta Co-Founder & Former Managing Director on June 30, 2024.

Coforge has been recognized for ‘Exceptional Performance’ in the prestigious 2024 UK IT Sourcing Study conducted by Whitelane Research.

Great Eastern Shipping: Mr. Avinash Sukthankar, Head (Accounts & MIS) has retired. Mr. Vikrant Mungekar,who is currently General Manager (Accounts) has been appointed as Head (Accounts & MIS) w.e.f. July 01, 2024 in his place.

Aether Industries: 5 MW Solar Power Plant has commenced operation. This will be used for operation and manufacturing facilities of the Company and the said plant is likely to help the Company to save approximately not less than Rs 6 crore annually.