Stock Market Snapshot 29 May 2024

Infosys in partnership with the French Tennis Federation unveiled several Al first innovations for Roland-Garros 2024, marking a pivotal evolution in the sixth year of their partnership.

Samvardhana Matherson International Mar 2024 (quarterly) Net Profit Rs 1444 crore Vs Rs 699 crore yoy. Revenue Rs 26748 crore Vs Rs 22251 crore yoy.

Alkem Laboratories Mar 2024 (quarterly) Net Profit Rs 304 crore Vs Rs 66 crore yoy. Revenue Rs 2936 crore Vs Rs 2903 crore yoy.

Hindustan Petroleum Corporation Limited has Signed MOU with Oil India Limited to collaborate on Conventional & Alternative Energy portfolio.

Ipca Laboratories Mar 2024 (quarterly) Net Profit Rs 60 crore Vs Rs 77 crore yoy. Revenue Rs 2033 crore Vs Rs 1512 crore yoy.

Grasim Industries: Promoter Birla Group Holdings has increased its stake in the company by 4.08%, taking the total stake to 23.18% currently.

The Competition Commission of India approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity.

Maruti Suzuki India likely plans to establish at least 400 service touch points in 2024-25 to meet the Needs of various locations across the country where Car density is higher.

State Bank Of India likely is nudging its employees and their dependents to operate a stock demat account with its brokerage arm, SBI Securities.

Adani Enterprises Limited – AdaniConneX Private Limited, a joint venture of the Company has completed the acquisition of 100% stake of Terravista Developers Private Limited from Adani Infrastructure Developers Private Limited.

Federal Bank has entered into a strategic partnership with Tata AIA Life Insurance Co Ltd for The distribution on life insurance products. With this Collaboration, Federal Bank now have a total of 9 insurance partners.

India Ratings and Research Private Limited has affirmed/assigned “IND A 1+” rating for the Commercial papers of Larsen & Toubro Limited.

City Union Bank has received approval from the Reserve Bank of India for appointment of Shri R Vijay Anandh, current Executive President of the Bank, as Whole-time Director designated as Executive Director of the Bank.

HDFC Life: Mr Rangarajan BN, has tendered his resignation as Chief Risk Officer of the Company in order to pursue opportunities outside his professional life and the same has been accepted by the Company on May 28, 2024.

A Joint Venture Agreement (JVA) was signed Between BHEL and Coal India to undertake Coal To Chemicals business.

Canara Bank to consider the capital raising plan for FY25 on 31st May.

Oil India has signed an MoU with Hindustan Petroleum Corporation Ltd to collaborate on Conventional & Alternative Energy portfolio.

Hindalco: Novelis Inc has filed for an IPO in the U.S., offering 45 million shares; price band set at USD18- 21/share.

IRCTC March 2024 (Quarterly) Income at Rs 1,155 Crore vs Rs 965 crore YoY. PAT at Rs 284 crore vs Rs 279 crore YoY.

General Insurance Corporation March 2024 (Quarterly) PAT at Rs 2,580 crore vs Rs 2,729 crore YoY.

Campus Activewear March 2024 (Quarterly) Income At Rs 364 crore vs Rs 348 crore YoY. PAT at Rs 33 Crore vs Rs 23 crore YoY.

ITD Cementation March 2024 (Quarterly) Income at Rs 2,258 crore vs Rs 1,631 crore YoY. PAT at Rs 90 Crore vs Rs 38 crore YoY.

Linde India March 2024 (Quarterly) Income at Rs 630 crore vs Rs 630 crore YoY. PAT at Rs 105 crore vs Rs 99 crore YoY.

Engineers India March 2024 (Quarterly) Income at Rs 805 crore vs Rs 880 crore YoY. PAT at Rs 116 crore vs Rs 190 crore YoY.

NBCC March 2024 (Quarterly) Income at Rs 4,025 Crore vs Rs 2,813 crore YoY. PAT at Rs 141 crore vs Rs 114 crore YoY.

Aster OM Healthcare March 2024 (Quarterly) Income at Rs 974 crore vs Rs 807 crore YoY. Loss at Rs 2 crore vs PAT of Rs 183 crore YoY.

Greenlam Industries March 2024 (Quarterly) Income At Rs 624 crore vs Rs 534 crore YoY. PAT at Rs 41vCrore vs Rs 46 crore YoY.

Ashiana Housing March 2024 (Quarterly) Income at Rs 290 crore vs Rs 111 crore YoY. PAT at Rs 17 Crore vs Rs 10 crore YoY.

Prestige Estates March 2024 (Quarterly) Income at Rs 2,164 crore vs Rs 2,632 crore YoY. PAT at Rs 236 Crore vs Rs 505 crore YoY.

Amara Raja Energy March 2024 (Quarterly) Income at Rs 2,908 crore vs Rs 2,433 crore YoY. PAT at Rs 230 crore vs Rs 142 crore YoY.

Brigade Enterprises March 2024 (Quarterly) Income At Rs 1,702 crore vs Rs 843 crore YoY. PAT at Rs 211 A Crore vs Rs 63 crore YoY.

Insecticides India March 2024 (Quarterly) Income at Rs 273 crore vs Rs 302 crore YoY. PAT at Rs 8 crore vs Loss of Rs 29 crore YoY.

MOIL March 2024 (Quarterly) Income at Rs 416 Crore vs Rs 428 crore YoY. PAT at Rs 91 crore vs Rs 81 crore YoY.

Emami Paper Mills March 2024 (Quarterly) Income At Rs 484 crore vs Rs 552 crore YoY. PAT at Rs 27 Crore vs Loss of Rs 11 crore YoY.

J Kumar lnfraprojects March 2024 (Quarterly) Income at Rs 1,425 crore vs Rs 1,134 crore YoY. PAT At Rs 102 crore vs Rs 74 crore YoY.