Market Commentary     03-Mar-23
Stock Alert
Stocks to watch: Natco Pharma, Adani Ports, Edelweiss Financial

Natco Pharma: The company's board will meet on 8 March 2023 to consider a proposal for buyback of fully paid up equity shares of the company.

Adani Ports & SEZ: The company handled 26.5 mmt cargo in February, which is 10% higher than the previous year period and during April-February, the cargo volumes stood at 307 mmt, up 8.5% YoY.

Edelweiss Financial Services: The media reported that the Income-Tax department conducted raids at premises linked to the investment and financial services company in Mumbai yesterday. As per reports, the raids took place over suspected tax evasion.

Karnataka Bank: The lender said Muralidhar Krishna Rao demitted the office of CFO on 1 March 2023 and the bank has appointed Abhishek Sankar Bagchi as new CFO.

Happiest Minds Technologies: The company's board has approved raising funds of up to Rs 125 crore through issue of non-convertible debentures (NCDs) on private placement basis in three tranches.

M&M Financial Services: The company estimates a total disbursement of Rs 4,185 crore in February, delivering 53% growth over February 2022. Consequently, the loan book grew further by 1.5% over January 2023. The collection efficiency (CE) was at 97% for February 2023 compared to 98% achieved in February 2022.

MOIL: The state-owned manganese ore producer has announced production of 1.31 lakh tonnes of manganese ore in February 2023, a 10% growth over the same period last year. Manganese ore sales at 1.32 lakh tonnes during the month increased by 19% YoY.

Previous News
  Mahindra & Mahindra Financial Services allots NCDs aggregating Rs 1,250 cr
 ( Corporate News - 26-Sep-24   15:14 )
  Mahindra Finance ends higher after board OKs proposal to issue NCDs of up to Rs 1,250 crore
 ( Hot Pursuit - 23-Sep-24   15:57 )
  Adani Ports lists its unsecured senior notes on NSEIX
 ( Corporate News - 23-Sep-24   13:20 )
  Rorix Holdings signs MoU with Adani Ports
 ( Corporate News - 20-Sep-24   19:19 )
  Adani Ports spurts on inking MoUs with Rorix Holdings
 ( Hot Pursuit - 20-Sep-24   16:02 )
  Volumes soar at Asahi India Glass Ltd counter
 ( Hot Pursuit - 20-Sep-24   14:30 )
  Mahindra & Mahindra Financial Services receives ratings action from CRISIL
 ( Corporate News - 17-Sep-24   15:06 )
  Board of the Mahindra & Mahindra Financial Services approves expansion into mortgage business
 ( Corporate News - 13-Sep-24   16:02 )
  Mahindra Finance hits 52-week high after board OKs to expand mortgage biz
 ( Hot Pursuit - 13-Sep-24   15:46 )
  Adani Ports gains after pact for developing multipurpose berth at Gujarat’s Kandla Port
 ( Hot Pursuit - 12-Sep-24   11:03 )
  Adani Ports signs concession agreement with Deendayal Port Authority
 ( Corporate News - 12-Sep-24   10:23 )
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