Stock Market Snapshot 04 July 2024

Zydus Lifesciences Limited (including its subsidiaries/ affiliates, hereafter referred to as “Zydus”) has received tentative approval from the United States Food and Drug Administration to market Azilsartan Medoxomil Tablets, 40 mg and 80 mg.

Bank Of Maharashtra :Quarterly updates – Total Deposits Up 9.44% at Rs. 2.67 Lk Cr Vs Rs 2.44 Lk Cr (YoY). Gross Advances Up 19% At Rs. 2.09 LK Cr Vs Rs.1.75 Lk Cr (YoY).

Tata Motors’ JLR Sales Soar in June. June Sales at 6,421 units vs 6,099 units (YoY) and 6,093 units (MoM).

Philogen S.p.A & Sun Pharmaceutical Industries announces that European Medicines Agency (EMA) Validated the submission of the MarkeAuthorization Application (MAA) for Nidlegy™ , which was finalized on June 3rd .

Alembic Pharmaceuticals Limited has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for lvosidenib Tablets, 250 mg.

Intellect Design Arena Ltd, announces the launch of the first-ever purpose-driven and ecosystem­ focused open APl-based public procurement platform – iGPX (Government Procurement exchange).

Dalmia Cement (Bharat) Limited, wholly owned subsidiary of the Company, has commenced Commercial production of 1.0 MTPA, at new Cement mill installed at its existing cement plant at Kadapa, Andhra Pradesh.

Bajaj Finance Limited- Q1 Update : Customer franchise as of 30 June 2024 stood at 88.11 MM as Compared to 72.98 MM as of 30 June 2023. New Loans booked during Q1 FV25 grew by 10% to 10.97 MM as compared to 9.94 MM in Q1 FY24.

L&T Finance’s retailisation in Q1FV25 is estimated At 95 per cent against 82 per cent in Q1FY24. Retail Disbursements for Q1FV25 are estimated at Rs 14,830 crore, growing 33 per cent YoY.

Bandhan Bank recorded 21.8 per cent YoY and 0.7 per cent QoQ growth in loans and advances at Rs 1,25,619 crore for Q1FV25. Total deposits fell 1.5 per cent QoQ but grew 22.8 per cent YoY to Rs 1,33,203 crore in Q1.

Vedanta Ltd’s aluminium production in the Apr-Jun quarter rose 3% to 596,000 tn. Alumina output from Its Lanjigarh refinery in the June quarter increased 36% on year and 11% on quarter to 539,000 tn driven by new capacity.

Dixon Technologies has given a corporate guarantee of 516.8 min rupees for its subsidiary Dixon Electro Appliances. The guarantee has Been issued in favor of ICICI Bank, which will provide the credit facility to Dixon Electro.

Airtel Payment Bank Witnessed 49 % Fall In Wallets To 36.7 Mn Between Jan To March .

Inox Wind Ltd (IWL) announced the completion of infusion of Rs 900 crores into the company By its promoter lnox Wind Energy Ltd. The funds will be utilised by IWL to completely pare down its external term debt to achieve a net debt free status.

KFin Technologies has divested its entire stake of 20.95% in Fintech Products and Solutions (India) Pvt Ltd.

lnox India: CARE Edge has reaffirmed its ratings on the bank facilities (Rs 835 crore, enhanced from Rs 630 crore) of lnox India Ltd to CARE AA-;Stable CARE A1+.

Bharti Airtel: The Board has approved the allotment of 1,418,275 fully paid-up equity shares of face vaIue Rs 5/- each at a conversion price of Rs 518/- per equity share to FCCB holders.

H.G. Infra Engineering: Mr. Chandra Pal Mehta has been appointed as President-Technical (categorized as Senior Management Personnel) of the Company, effective from July 08, 2024.

Marico collaborates with Kaya to scale up play in advanced science-backed personal care.

Larsen & Toubro: Fitch Ratings has assigned first time “BBB+”;Outlook Stable Long-Term Foreign and Local-Currency Issuer Default Rating to the Company.

Brigade Enterprises has signed a Joint Development Agreement for a residential project spread across 8 acres with a total development potential of around 1.2 million sqft. The Gross Development Value of the project is around Rs 1,100 crore.

Alfa Transformers (Bhubaneswar plant) has received a purchase order worth of Rs. 1.99 crore from Tata Power Northen Odisha Distribution Limited.

Asian Paints has subscribed 47.9 million equity shares at SGD 0.67 per share of Asian Paints International Private Limited, Singapore, a wholly­ owned subsidiary of the Company (APIPL), for a consideration of approx. SGD 32.1 million (Rs 200 crores approx).

GE T&D India bags an order of Euro 26 million from GRID SOLUTIONS Middle East FZE, Dubai (group company) for supply and supervision of high voltage products.

GE T&D India bags an order of Euro 64 million from Grid Solutions SAS, France (group company) for supply and supervision of high voltage products.

Taneja Aerospace & Aviation bags an order of Rs 14.5 crore from Bharat Electronics.