Stock Market Snapshot 03 July 2024

Ugro Capital: Board to consider and approve raising Of funds by way of issuance of Non-Convertible , Debentures through private placement basis on 6th July.

Computer Age Management Services Limited has Approved the appointment of Mr.Pravin Udhyavara Bhadya Rao as Independent Director of the Company. He was with Infosys Limited from 1986 to 2021 and retired as its COO.

Persistent Systems: Software Company International, LLC (Step Down Subsidiary) has been Dissolved effective from June 27, 2024.

ABB’s innovative PixelPaint technology has Been selected by Mahindra & Mahindra Ltd (M&M), India’s leading SUV manufacturer, for its New electric vehicle paint facility.

India June composite PMI 60.9 vs 60.5 in May. India June services PMI 60.5 vs 60.2 in May.

The Federal Bank Ltd Quarterly Updates: Total deposits reached Rs.2,66,082 Cr, with a growth of 20% over Rs. 2,22,496 Cr as of June 30,2023.The Bank’s Customer deposits aggregated to Rs.2,51,991 Cr, a growth of 20% over Rs. 2,10,422 Cr as of June 30, 2023.

Mahindra & Mahindra Financial Services’ disbursements in June 2024 totaled approximately Rs. 4.370 crore, marking a modest 3% year-on-year increase. For Q1 of FV25, disbursements reached around Rs. 12,730 crore, reflecting a stronger 5% year­ on-year growth.

Britannia Industries Limited approved the appointment of Dr. Urjit Patel and Mr. Sunil Siddharth Lalbhai as Additional Non-Executive Independent Directors of the Company for a term of 5 (five) consecutive years with effect from 2nd July, 2024.

Ashok Leyland Ltd is preparing to launch its first­ ever vehicle scrappage facility under a franchise model. The company has finalized an agreement with Registered Vehicle Scrapping Facility.

HDFC Bank’s weight in the MSCI index could go up to 7.2-7.5% in the August 2024 review from 3.8% now as the foreign institutional holding has come down below 55%, according to the shareholding data available on BSE.

Persistent Systems to acquire New Jersey-based Starfish Associates.

Thyrocare has entered into Business Transfer Agreement with Polo Labs Pvt Ltd (“Polo”) and Existing shareholders of Polo, by which our Company would be acquiring Polo’s diagnostic and pathological services business.

MOIL has achieved its best ever quarterly sales in Q1FV25,with a remarkable growth of 14.5% YoY. This performance was backed by record quarterly production, going up to a level of 4.70 lakh tonnes during Q1FV25, up 7.8% YoY.

Himatsingka Seide has invested Rs 4 crore in lsharays Energy One Pvt Ltd in the form of 40 lakh Class A equity shares of Rs.10/- each (10.97% of total paid up capital).

Shilpa Medicare: India Ratings & Research (Ind-Ra) Has issued the Long-Term Issuer Rating at ‘IND A+’.

Moschip Technologies : C-DAC partners with MosChip and Socionext for design & development of High Performance Computing Processor AUM based on Arm architecture.

KEC International has secured new orders of Rs 1,017 crores in T&D and Renewables businesses.

IEX has achieved electricity volume of 10,185 MU in June’24, marking a 24.7% year on year increase. The total monthly volume including certificates at 10,677 MU,increased 19.4% on year-on-year basis.

Thomas Cook (India) Ltd has been honoured with the award for ‘Masters of Risk – Travel & Hospitality Sector’ at the CNBC-TV18 India Risk Management Awards, 2024.

Prism Johnson has acquired 1,36,07,482 equity Shares of Rs 1O each at a premium of Rs 5 per Equity share aggregating to Rs 20.41 crore offered By Raheja QBE General Insurance Company Ltd,a subsidiary of the Company, on a rights basis.

V-Mart Retail Q1FY25 business update: Revenue from operations at Rs 786 crore vs Rs 678 crore YoY.

Zomato: ZFSL,a wholly owned subsidiary of Zomato Ltd, has decided to voluntarily withdraw the application dated April 29, 2022 submitted with the RBI for getting certificate of registration for undertaking the business of a NBFC (Type II NBFC- ND).

HCG: The Board has approved upfront acquisition of 51% equity share capital of Vizag Hospital and Cancer Research Centre Pvt Ltd and balance acquisition of up to 49% in tranches.

Puravankara acquires 7-acre land parcel in Hebbagodi,Bengaluru,with potential GDV of Rs 900 crore.

NLC India has raised its Lignite and Coal production to 90.18 LT which is 25.98% growth during Q1 of FY 2024-25 when compared to Q1 of FY 2023-24 i.e. 71.58 LT.

Dev Information Technology have secured orders cumulatively worth Rs 8 crore approximately.