Stock Market Snapshot 20 June 2024

GE Power India bags an order of Rs 243 crore from NTPC GE Power Services Private Limited.

Tata Communications announced the launch of its Unified/ Single-Vendor Hosted Secure Access Service Edge (SASE) for global enterprises.

Tata Motors: Jaguar Land Rover likely has scaled up its five-year investment plan till 2027-28 (Apr-Mar) to 18 billion pound sterling from 15 billion pound Sterling.

Reliance Industries: Reliance Jio lnfocomm net added 2.69 million users in April, higher than the 2.14 million users it added in March.

Bharti Airtel: Net added 752,742 users in April, lower than the 1.75 million users it added the previous month.

The Ministry of Coal will launch the 10th round of auction of commercial coal mines on Friday. This round will comprise two coking coal mines and 58 non-coking coal mines across eight states.

Vodafone Idea: The net loss in customers accelerated sequentially, with the company losing 735,388 users in April, compared to 684,530 users lost in March.

Sun Pharmaceutical Industries Limited has received Warning Letter from USFDA for its Dadra facility. The Warning Letter summarizes violations with respect To Current Good Manufacturing Practice (cGMP) regulations.

Gokaldas Exports (GEX) has agreed to invest in BRFL Textiles Pvt Ltd (BTPL) by subscribing through Optionally Convertible Debentures (OCD). In its first Tranche, GEX will subscribe for Rs 50 crores, with the remaining OCDs worth up to Rs 300 crores to be subscribed subsequently in multiple tranches, depending on the funding requirements.

The new India Assurance Company: Department of financial Services has appointed Ms. Girija Subramanian as Chairman cum Managing Director of the Company.

Lemon Tree Hotels has signed a License Agreement For Lemon Tree Hotel, Morbi, Gujarat (75 rooms). The property is expected to open in FY 2029.

KEI Industries: Operations of the Plants situated at Rakholi and Chinchpada are partially affected due to stoppage of production, in view of strike announced by Labour w.e.f. 19th June,2024. However, there is no strike at other plants.

Radico Khaitan: Rampur Jugalbandi has been awarded Best World Whisky and Jaisalmer Gold Indian Craft Gin has been awarded Best Gin at the Prestigious John Barleycorn Awards 2024 with 94 points each, in addition to Double Gold medals.

Adani Ports and SEZ has again demonstrated its excellence on the global stage with four of its ports featured in the prestigious Container Port Performance (CPP) Index 2023.

Tata Communications has issued and allotted Commercial Paper aggregating to an amount of Rs 250 crores.

Info Edge: Allcheckdeals India Pvt. Ltd. (‘ACD’), a wholly owned subsidiary of the Company has agreed to invest an amount of Rs 1 crore in its wholly owned subsidiary – Newlnc Internet Services Pvt Ltd, a step down wholly owned subsidiary of the Company.

Shree Cement: CARE has reaffirmed the rating for Rs 500 crore Commercial Paper at CARE A 1+.

Brigade signs Agreement to develop a third World Trade Center (WTC) Tower at lnfopark Kochi. The Rs 150 crore project will be 16 storeys high with a car- Park of six decks; it will come up on the non-SEZ plot with a built-up space of 2.6 lakh square feet.

TTK Prestige has signed an agreement with a globally reputed consultant to assist the Company to redraw its blueprint for a 5-year long-term Strategy and plan. The Company will spend about Rs 12 crores over the next 6 months for this exercise.

Avenue Supermarts has opened a new store at Mettupalayam, Coimbatore (Tamil Nadu). The total Number of stores as on date stands at 369.

Indian Oil Corporation Ltd and GPS Renewables Pvt Ltd forms a 50:50 joint venture company dedicated To advancing biofuel adoption across the country.

Eimco Elecon bags an order of Rs 33 crore from The Singareni Collieries Company Limited for supplying Coal Mining Equipments.

Enkei Wheels: Mr. Jitendra Parmar, CFO & KMP has tendered his resignation due to personal reason.