Market Commentary     29-May-24
Stock Alert
Stock alert: IRCTC, Oil India, Havells India, NBCC, Brigade Enterprises
Results in spotlight: Tata Steel, Alkem Laboratories, Deepak Fertilisers & Petrochemicals Corporation, IPCA Laboratories, Shriram Properties, Mahanagar Telephone Nigam, Mazagon Dock Shipbuilders, Bata India, Cummins India, Dredging Corporation of India, Droneacharya Aerial Innovations, GMR Airports Infrastructure, Gufic Biosciences, Heidelberg Cement India, Jubilant Pharmova, Lemon Tree Hotels, Liberty Shoes, Maithan Alloys, Mishra Dhatu Nigam, etc.

Securities in F&O ban: Aditya Birla Fashion, Biocon, Hindustan Copper, Vodafone idea, Piramal Enterprises.

Mahindra and Mahindra Financial Services has approved the issuance of bonds on a private placement basis up to Rs 2,000 crore with green shoe options up to Rs 500 crore.

Oil India signed a MoU with HPCL to collaborate on conventional and alternative energy portfolios.

Wipro to transform and modernise the IT operations of Close Brothers.

Adani Total Gas: The Rating Agency ICRA has upgraded the long-term rating to AA, outlook stable, and re-affirmed the short-term rating at A1+.

SpiceJet: The Delhi High Court grants time to return two aircraft and engines along with technical records by June 17th.

Grasim Industries: Birla Group holdings increase their stake to 23.18% from 19.10%.

Havells India has incorporated a joint venture between Havells International Inc. and KRUT LED, LLC to market and sell lighting products and solutions owned by Havells India within the United States of America.

IKIO Lighting's CEO and KMP, Subhash Chand Agrawal, has resigned from the position effective 30 June 2024.

TCPL Packaging is to set up a greenfield facility in Chennai for manufacturing folding cartons, aiming at enhancing the company's PAN India presence and improving its capability to serve both new and existing customers.

On a consolidated basis, net profit of Indian Railway Catering & Tourism Corporation (IRCTC) rose 1.93% to Rs 284.18 crore in the quarter ended March 2024 as against Rs 278.80 crore during the previous quarter ended March 2023. Sales rose 19.66% to Rs 1154.77 crore in the quarter ended March 2024 as against Rs 965.02 crore during the previous quarter ended March 2023.

On a consolidated basis, net profit of NBCC (India) rose 25.52% to Rs 136.08 crore in the quarter ended March 2024 as against Rs 108.41 crore during the previous quarter ended March 2023. Sales rose 42.86% to Rs 3936.98 crore in the quarter ended March 2024 as against Rs 2755.82 crore during the previous quarter ended March 2023.

On a consolidated basis, net profit of Brigade Enterprises rose 197.60% to Rs 206.09 crore in the quarter ended March 2024 as against Rs 69.25 crore during the previous quarter ended March 2023. Sales rose 102.04% to Rs 1702.37 crore in the quarter ended March 2024 as against Rs 842.57 crore during the previous quarter ended March 2023.

On a consolidated basis, net profit of Medplus Health Services rose 25.66% to Rs 33.40 crore in the quarter ended March 2024 as against Rs 26.58 crore during the previous quarter ended March 2023. Sales rose 18.96% to Rs 1490.50 crore in the quarter ended March 2024 as against Rs 1252.98 crore during the previous quarter ended March 2023.

Previous News
  Oil India announces cessation of director
 ( Corporate News - 01-Oct-24   10:32 )
  Asian Energy bags order worth Rs 82-cr from Oil India
 ( Hot Pursuit - 30-Sep-24   10:05 )
  LIC hikes stake in IRCTC
 ( Hot Pursuit - 13-Sep-24   10:31 )
  Brigade Group launches its first BuzzWorks center in Hyderabad
 ( Corporate News - 12-Sep-24   10:27 )
  Oil India, OVL and KABIL inks MoU with IRH, UAE
 ( Hot Pursuit - 11-Sep-24   11:51 )
  ONGC Videsh, Oil India and KABIL sign MoU with IRH, UAE
 ( Corporate News - 11-Sep-24   09:01 )
  Oil India signs MoU for global cooperation in critical mineral supply chain
 ( Corporate News - 10-Sep-24   19:22 )
  Brigade Enterprises allots 1.30 cr equity shares under QIP issue
 ( Corporate News - 06-Sep-24   09:11 )
  General Insurance Corporation of India leads losers in 'A' group
 ( Hot Pursuit - 04-Sep-24   15:00 )
  Market trade with tiny cuts; metal shares slides
 ( Market Commentary - Mid-Session 03-Sep-24   14:33 )
  Brigade Enterprises launches QIP; floor price at Rs 1,164.70 /share
 ( Hot Pursuit - 03-Sep-24   12:02 )
Other Stories
  Stock Alert: Bajaj Housing Finance, Bajaj Finance, M&M Financial Services, Shilpa Medicare, Bank of Baroda
  04-Oct-24   08:37
  Stock Alert : Hero Motocorp, Dabur India, Maruti Suzuki India, Marico, HDFC Bank
  03-Oct-24   08:38
  Stock Alert: Auto stocks, Kalpataru Projects Intl, Tata Power Company, PC Jeweller, Ultratech Cement
  01-Oct-24   08:28
  Stock Alert: Alembic Pharma, Bajel Projects, Zydus Lifesciences, Lupin, Adani Enterprises, Biocon
  30-Sep-24   08:34
  Stock Alert: Infosys, Indian Bank, Escorts Kubota, Biocon, Jubilant Pharmova
  27-Sep-24   08:34
  Stock Alert: ONGC, Cipla, Vedanta, Infosys, Uno Minda, Hindustan Copper
  26-Sep-24   08:14
  Stock alert: MCX, HDFC Life Insurance, Delta Corp, Gillette India, PC Jeweller
  25-Sep-24   08:23
  Stock Alert: Punjab National Bank, Reliance Power, Coal India, Power Grid Corp, Thangamayil Jewellery
  24-Sep-24   08:25
  Stock alert: Vodafone Idea, Adani Total Gas, Mankind Pharma, BHEL, Tata Steel,
  23-Sep-24   08:32
  Stock Alert: IIFL Finance, NTPC, Reliance Infra, IDBI Bank, Joythy Labs
  20-Sep-24   08:28
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