Stock Market Snapshot 03 June 2024

Bajaj Auto May Total sales 355323 units Vs 355148.

India Jan-Mar GDP growth 7.8% vs 6.2% year ago.

Titan Likely plans to exit the belts and wallets Category, which was launched over a decade ago, by next year.

Trent Ltd likely is venturing into international Markets with a flagship store in Dubai, targeting the Indian diaspora.

Escorts Kubota Limited Construction Equipment Business Division in May 2024 sold 439 machines, registering a growth of 3.3 percent as against 425 machines sold in May 2023.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, announced total tractor sales (Domestic + Exports) during May 2024 were at 37109 units, as against 34126 units for the same period last year.

Adani International Ports Holdings Pte Ltd, a wholly owned subsidiary of Adani Ports, has signed a concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 (having 4 berths) at Dar es Salaam Port, Tanzania.

Deepak Nitrite wholly-owned subsidiary Deepak Chem Tech entered into a share purchase agreement to buy thermal power producer Narmada Thermal Power for 616.5 million.

Aurobindo Pharma, though step-down subsidiary TheraNym Biologics, has signed a master service Agreement with Merck Sharpe & Dohme Singapore Trading to set up a biologics manufacturing facility with an investment of around Rs 10 billion.

Canara Bank has accorded approval for initiating the process of diluting 14.50% stake of the Bank in its subsidiary M/s Canara HSBC Life Insurance Company Ltd by listing the Company in Stock Exchanges through Initial Public Offer (IPO).

PVR lnox has transformed the historic Lido Cinema at Juhu Tara Road in Santacruz, Mumbai into a versatile and vibrant space while retaining its heritage charm.

Info Edge (India) – Startup Investments (Holding) Ltd, a wholly-owned subsidiary of the Company has Agreed to invest about 3.23 Crores in Printo Document Services Private Limited.

Bajaj Auto May Total sales 355323 units Vs 355148 Units.

Shriram Finance: The Board has approved the re­ appointment of Mr. Umesh Revankar as Executive Vice Chairman of the Company for a further period of 5 years with effect from October 26, 2024 to October 25, 2029.

REC: The Board has approved the proposal of raising of funds through Private Placement of Unsecured I Secured Non-Convertible Bonds I Debentures of upto Rs 145,000 crore.

REC: The Board has approved the appointment of Shri Harsh Baweja as Director (Finance) (as Additional Director) and Chief Financial Officer of the co panh with effect from May 14, 2024.

Indian Bank has increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps for 3 months to 12 months with effect from 3rd June, 2024.

Punjab National Bank has increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps for 3 months to 36 months with effect from 1st June, 2024.

V.S.T. Tillers Tractors: Total Power Tiller & Tractor sales in May at 2,474 units vs 3,756 units YoY.

Poonawalla Fincorp has achieved a significant Milestone of Gross NPA below 1% and Net NPA Below 0.5% as on 31st May 2024.

Ashok Leyland: Total vehicle sales in May at 14,682 units vs 13,134 units YoY.