Stock Market Snapshot 02 July 2024

Trent Limited : Westside, a part of the iconic Indian family – TATA, has inaugurated its newest store in Gurgaon with an aim to inspire fashion enthusiasts.

Kotak Mahindra International Spokesperson: KMIL (K-lndia Opportunities Fund Ltd) & KIOF (Kotak Mahindra International Limited) unequivocally state Hindenburg has never been an investor in the Fund.

CDSL has approved issue of bonus shares in the ratio of 1:1.

ONGC has considered and approved the appointment of Shri Vivek Chandrakant Tongaonkar As Director (Finance) of the Company. Company Also designated Shri Tongaonkar as Chief Financial Officer of the Company, in place of Shri Devendra Kumar.

Adani Ports and Special Economic Zone Ltd clocked 37 MMT of cargo volume (+12% VoV),led by growth in Containers (+33% VoV) and Liquids & Gas (+8% YoV). Kattupalli Port handled its highest ever monthly cargo volume of 1.36 MMT.

HCL Technologies Ltd and IBM today announced New collaboration to establish a Generative Al Center of Excellence (GenAI CoE) based on the IBM watsonx Al and data platform.

Hindenburg Research said on Monday India’s securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may “barely come out above breakeven” on its trade.

Tata Consultancy Services announced its title partnership of the Sydney Marathon, Australia’s Largest marathon. The five-year partnership will see TCS leverage its expertise to enhance the marathon’s use of advanced technologies & sustainability.

State Bank Of India has unveiled a web-based digital business loans solution for micro, small and medium enterprises’ invoice financing, aimed at facilitating MSME loans with a fast turn-around­ time. ).

lnterGlobe Aviation Limited – Office of the Principal Commissioner of Customs, Ahmedabad raised a demand for Customs duty of INR 3,14,03,461/­ along with the redemption fine of INR INR 85.00.000/- and penalty of INR 25,00,000/-.

ICICI Bank Limited had approved fund raising through issuance of debt securities. Bank has allotted 3,00,000 senior unsecured redeemable long-term bonds in the nature of non-convertible debentures aggregating to Rs. 3,000.0 crore on private placement basis.

J K Cement Ltd – Mr.Sumnesh Khandelwal, Dy. CFO Of the Company tendered resignation relinquishing His position of Senior Management.

CEAT: Mr. Vishal Pawar has been appointed as Senior Vice President – Global Sales and Supply Chain Management and has been identified as SMP w.e.f. 1 st July 2024.

Tata Steel UK has received confirmation of suspension of proposed strike action from Unite Union.

Eicher Motors: Royal Enfield sales in June at 73,141 Units vs 77,109 units YoY .

Voltas: Mr. Sorabh Talwar has been appointed as Head – Strategy of the Company effective 1st July, 2024.

Hero MotoCorp:Total sales in June at 503,448 units vs 436,993 units YoY.

Inox India: CRISIL has reaffirmed its ratings on the bank facilities of lnox India Ltd to ‘CRISIL AA-/Stable/CRISIL A 1+’.

CSB Bank – Q1FV25 business update: Gross Advances Rs 25,099 crore vs Rs 21,307 crore YoY; Total Deposit at Rs 29,920 crore vs Rs 24,476 crore YoY; CASA at Rs 7,449 crore vs Rs 7,548 crore YoY.

Shalibhadra Finance ventures into housing finance business, expands product portfolio; Plans to serve Small-ticket size housing loans in rural areas.

Shoppers Stop appoints Mr. Mohit Seth as Customer Care Associate & Chief of External Brands of the Company w.e.f July 01,2024.

Welspun Specialty Solutions bags an order of Rs 117 crore from NTPC for supply of Seamless Stainless Steel Boiler Tubes for NTPC Talcher 2 x 660 MW Super critical Thermal Power Project.

Maruti Suzuki India: Total production in June at 133,095 units vs 137,133 units YoY.

South Indian Bank – Q1FV25 business update: Gross Advances Rs 82,51O crore vs Rs 74,102 crore YoY ;Total Deposit at Rs 1,03,534 crore vs Rs 95,499 crore YoY; CASA ratio at 31.87% vs 32.64% YoY.

Laxmi Organic: Ms. Tanushree Bagrodia, the current CFO of the Company has resigned from her position. The Board has approved the appointment of Mr.Mahadeo Karnil as CFO of the Company, effective September 3, 2024.

United Breweries: Mr. Monojit Mukherjee, Director Corporate Affairs, Senior Management Personnel Has resigned from the services of the Company due To personal reasons and to pursue other opportunities w.e.f. the close of business hours of June 30, 2024.

CAMS collaborates with Google Cloud to build Cloud-Native platform to transform its Asset Management Business Services.

Pennar Industries is expanding its manufacturing operations in the Northern part of India by establishing a new plant at Raebareli, Uttar Pradesh.

Genus Power has entered into Share Purchase Agreement for purchase of 30% stake in Maharashtra Akola Amravati Smart Metering Pvt Ltd.

Lupin has transferred its trade generics business in India, as a going concern to Lupin Life Sciences Limited, wholly owned subsidiary of the Company.

ICICI Bank: Mr. Girish Chandra Chaturvedi retired as the Non-executive Part-time Chairman of the Bank on June 30,2024. Effective July 1,2024, Mr. Pradeep Kumar Sinha is the Non-executive Part­ time Chairman of the Bank.

Cupid Ltd partners with SAP to implement Advanced ERP System, SAP S/4HANA Cloud.

TVS Motor recorded monthly sales of 333,646 units in June 2024 with a growth of 5% as against 316,411 units in the month of June 2023.

Tata Motors: Total Domestic Sales in June at 74,147 units vs 80,383 units YoY.

NMDC – June business update: Production at 3.37 million tons vs 3.48 million tons YoY; Sales at 3.73 million tons vs 4.1O million tons YoY.