Stock Market Snapshot 30 May 2024

HCL Technologies announced that HCLTech Al Force is now available on Google Cloud’s Gemini models.

Aditya Birla Capital Ltd has made an investment of Rs 300 crore on rights basis, in the equity shares of Aditya Birla Housing Finance Ltd.

Rail Vikas Nigam bags an order of Rs 38 crore from South East Central Railway.

SJVN: The Board has approved signing of Joint Venture Agreement with Indian Oil Corporation Ltd for the purpose of formation of Joint Venture Company for development of Green RTC/Renewable Projects and other New Technology based Projects.

Capacit’e lnfraprojects: The board to consider raising funds up to Rs 100 crore via NCDs on a private placement basis on 3rd June.

CESC: A fire incidence occurred at Unit -1 Generator Transformer in the plant located at Baneswar Chak Near Jhikurkhali village, Haldia, West Bengal owned By Haldia Energy Ltd (wholly owned subsidiary) causing partial disruption in plant operation.

S&P Global Ratings revised the rating outlook to positive from stable on NTPC, ONGC, and Power Grid.

Reliance Industries’ retail arm, Reliance Retail, will not compete with Blinkit and Zepto with a 10-minute delivery model for its proposed re­ entry into quick commerce venture next month.

Tata Steel likely to invest Rs 174.08 billion in its Singapore unit, T Steel Holdings, to fund the restructuring of its struggling UK business as well as repay the debt of its offshore entities.

Board of Hero FinCorp Limited, an associate Company of Hero MotoCorp Limited has provided its Pia approval to undertake an initial public offering route (“IPO”).

S&P Global Ratings has revised upward its assessment of Axis Bank Limited’s stand-alone Credit profile to ‘bbb’ from ‘bbb-‘. The long term and Short-term ratings for the Bank have been affirmed at ‘BBB-‘ and ‘A-3’, respectively.

SBIN – S&P Global Ratings has revised outlook on State Bank of India (SBI) from Stable to Positive.

lndiaMART lnterMESH Limited has entered into an agreement to acquire 10% of the share capital (on fully diluted basis) of M/s Baldor Technologies Private Limited.

KNR Constructions March 2024 (Quarterly) Income At Rs 1,414 crore vs Rs 1,245 crore YoY. PAT at Rs 341 crore vs Rs 142 crore YoY.

Healthcare Global Enterprises March 2024 (Quarterly) Income at Rs 495 crore vs Rs 442 crore YoY. PAT at Rs 23 crore vs Rs 6 crore YoY.

Edelweiss: RBI has directed the ECL Finance to cease and desist, with immediate effect, from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/ or closure of accounts in its normal course of business.

Ashoka Buildcon has issued Commercial Papers of Rs 50 crore on May 29, 2024.

Guflc BioSciences March 2024 (Quarterly) Income At Rs 195 crore vs Rs 173 crore YoY. PAT at Rs 20 Crore vs Rs 18 crore YoY.

M M Forgings March 2024 (Quarterly) Income at Rs 398 crore vs Rs 388 crore YoY. PAT at Rs 37 crore vs Rs 31 crore YoY.

Cummins India March 2024 (Quarterly) Income at Rs 2,319 crore vs Rs 1,934 crore YoY. PAT at Rs 539 crore vs Rs 349 crore YoY.

Lemon Tree Hotels March 2024 (Quarterly) Income At Rs 327 crore vs Rs 253 crore YoY. PAT at Rs 84 Crore vs Rs 59 crore YoY.

GMR Airports Infrastructure March 2024 (Quarterly) Income at Rs 2,447 crore vs Rs 1,890 crore YoY. Loss at Rs 168 crore vs Loss of Rs 637 crore YoY.

Mishra Dhatu Nigam March 2024 (Quarterly) Income at Rs 406 crore vs Rs 345 crore YoY. PAT at Rs 46 crore vs Rs 66 crore YoY.

Tata Steel March 2024 (Quarterly) Income at Rs 58,687 crore vs Rs 62,962 crore YoY. PAT at Rs 555 crore vs Rs 1,566 crore YoY.

Bata March 2024 (Quarterly) Income at Rs 798 crore Vs Rs 779 crore YoY. PAT at Rs 64 crore vs Rs 66 Crore YoY.

Maithan Alloys March 2024 (Quarterly) Income at Rs 433 crore vs Rs 535 crore YoY. PAT at Rs 142 crore vs Rs 98 crore YoY.

Kovai Medical March 2024 (Quarterly) Income at Rs 321 crore vs Rs 267 crore YoY. PAT at Rs 52 crore vs Rs 31 crore YoY.

Ahluwalia Contracts March 2024 (Quarterly) Income At Rs 1,164 crore vs Rs 863 crore YoY. PAT at Rs 200 crore vs Rs 72 crore YoY. Exceptional gain at Rs 195 crore in the current quarter.

Dredging Corporation of India March 2024 (Quarterly) Income at Rs 278 crore vs Rs 337 crore YoY. Loss at Rs 23 crore vs Loss of Rs 223 crore YoY.

SJVN March 2024 (Quarterly) Income at Rs 483 crore vs Rs 504 crore YoY. PBT at Rs 58 crore vs Rs 112 crore YoY. PAT at Rs 61 crore vs Rs 17 crore YoY.

ISGEC Heavy Engineering March 2024 (Quarterly) Income at Rs 1,868 crore vs Rs 2,043 crore YoY. Pat at Rs 72 crore vs Rs 93 crore YoY.

Solara Active Pharma March 2024 (Quarterly) Income at Rs 299 crore vs Rs 381 crore YoY. Loss at Rs 255 crore vs PAT of Rs 4 crore YoY. Exceptional Loss at Rs 122 crore in current quarter.