Stock Market Snapshot 31 May 2024

Cochin Shipyard’s arm bags order in the range of 100-250 crore from Adani Group Company for 3 ASD tugs.

Dr. Reddy’s Laboratories is recalling 1,176 bottles of An immunosuppressant medication in US.

Sun Pharmaceutical Industries is recalling 35,069 bottles of medication in US used to treat high pressure inside the eye due to glaucoma or other eye diseases.

Oil & Natural Gas Corporation likely to form an equal Joint venture with EverEnviro Resource Management To build 10 compressed biogas plants.

JSW Steel is venturing into the production and sale of a new zinc magnesium aluminium alloy coated steel product, JSW Magsure, with the aim to capture 50% of the domestic market share in FY25.

Dr. Reddy’s Laboratories completed an investment of Rs 6.5 billion in its arm Aurigene Pharmaceutical Services through another subsidiary, Aurigene Oncology.

Hero MotoCorp launched the latest generation of the iconic Splendor – the Splendor+ XTEC 2.0, to celebrating the 30th anniversary of the world’s highest-selling motorcycle, at an attractive price of Rs 82911.

Power Grid Corporation Of India acquired Khavda IV­ E2 Power Transmission for Rs 77.2 million from REC Power Development and Consultancy.

Vedanta Limited – ICRA Limited has assigned ICRA A 1+ Rating on commercial paper while reaffirming the ICRA AA-/ICRA A 1+ ratings on long term and short-term bank loan instruments.

HDFC Capital Advisors Limited, a subsidiary of the HDFC Bank Limited, has entered into a Share Subscription Agreement for acquisition of 1,043 Equity Shares of TruBoard.

Aarti Industries appoints Mr. Suyog Kotecha as Chief Executive Officer and Executive Director with effect from June 17, 2024.

CICI Prudential Life Insurance Company has received approval from the Insurance Regulatory And Development Authority of India for the Appointment of Sandeep Batra as Chairman of the board of directors.

Jio Financial launches “JioFinance” app (in Beta mode). This app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface.

Sun Pharmaceutical Industries Ltd has accepted the preferential offer to acquire 14.28% shares of Indian Foundation for Quality Management.

Krishna Institute of Medical Sciences Ltd has entered into a definitive agreements with People Education Society (PES) towards the lease of land and hospital building for a period of 25 years along with the management of the super specialty hospital.

5Paisa Capital: Mr. Narayan Gangadhar has resigned from the post of Managing Director and Chief Executive Officer (CEO) of the Company with Effect from the close of business hours of August 28, 2024.

Mrs Bectors Food March 2024 (Quarterly) Income at Rs 406 crore vs Rs 346 crore YoY. PAT at Rs 34 Crore vs Rs 28 crore YoY.

PTC India Financial Services March 2024 (Quarterly) Income at Rs 176 crore vs Rs 194 crore YoY. PAT at Rs 14 crore vs Rs 36 crore YoY.

Hinduja Global Solutions March 2024 (Quarterly) Income at Rs 1,099 crore vs Rs 1,070 crore YoY. PAT at Rs 88 crore vs Rs 26 crore YoY.

La Opala RG March 2024 (Quarterly) Income at Rs 83 crore vs Rs 109 crore YoY. PAT at Rs 24 crore vs Rs 29 crore YoY.

Lux Industries March 2024 (Quarterly) Income at Rs 708 crore vs Rs 717 crore YoY. PAT at Rs 55 crore vs Rs 30 crore YoY.

Sunteck Realty March 2024 (Quarterly) Income at Rs 427 crore vs Rs 49 crore YoY. PAT at Rs 101 Crore vs Loss of Rs 28 crore YoY.

V2 Retail March 2024 (Quarterly) Income at Rs 296 crore vs Rs 193 crore YoY. PAT at Rs 4 crore vs Loss Of Rs 8 crore YoY.

Kewal Kiran Clothing March 2024 (Quarterly) Income at Rs 219 crore vs Rs 199 crore YoY. PAT at Rs 38 crore vs Rs 31 crore YoY.

Mold-Tek Packaging March 2024 (Quarterly) Income at Rs 177 crore vs Rs 185 crore YoY. PAT at Rs 18 crore vs Rs 23 crore YoY.

Mcleod Russel India March 2024 (Quarterly) Income at Rs 195 crore vs Rs 226 crore YoY. Loss at Rs 218 crore vs Loss of Rs 1,078 crore YoY. The company had exceptional loss of Rs 933 crore in March 2023 quarter.

Suven Pharmaceuticals March 2024 (Quarterly) Income at Rs 253 crore vs Rs 369 crore YoY. PAT at Rs 53 crore vs Rs 124 crore YoY.

India Pesticides March 2024 (Quarterly) Income at Rs 126 crore vs Rs 198 crore YoY. PAT at Rs 1 crore vs Rs 30 crore YoY.

Muthoot Finance March 2024 (Quarterly) Income at Rs 4,164 crore vs Rs 3,275 crore YoY. PAT at Rs 1,182 crore vs Rs 1,009 crore YoY.

Bharat Dynamics March 2024 (Quarterly) Income at Rs 854 crore vs Rs 798 crore YoY. PAT at Rs 289 crore vs Rs 153 crore YoY.