Market Commentary     14-May-24
Stock Alert
Stock Alert: Cochin Shipyard, RBL Bank, Hindalco, Hero MotoCorp
Securities currently in the F&O ban period: Balrampur Chini Mills, Canara Bank, GMR Infrastructure, Hindustan Copper, Vodafone Idea, Piramal Enterprise, PNB, SAIL, and Zee Entertainment Enterprise.

Results today: Bharti Airtel, Siemens, Shree Cement, Colgate Palmolive (India), Oberoi Realty, AIA Engineering, Apollo Tyres, Apar Industries, Radico Khaitan, Devyani International, PVR Inox, Zydus Wellness, Sagar Cements, Patanjali Foods.

Cochin Shipyard wins a big European contract (Rs 500-1000 crore) to design and build a hybrid service vessel for offshore wind farms. The project is expected to be completed by the end of 2026.

RBL Bank: Quant mutual fund gets RBI nod to acquire 'aggregate holding' of upto 9.98% in the private lender. Quant MF held 4.68% stake in RBL Bank as of 10 May 2024.

Hindalco Industries: Subsidiary Novelis Inc files for an IPO on the New York Stock Exchange. The number of shares and price range are yet to be determined.

Hero MotoCorp: Joins the ONDC network to sell spare parts and accessories online.

Maruti Suzuki: Launches two new variants of the Fronx car, priced at Rs 8.93 lakh and Rs 9.43 lakh.

Vedanta: Considers raising funds through equity issuance (FPO, rights issue) on May 16th. Its subsidiary Cairn Oil and Gas reports a 19% YoY growth in reserves and resources.

Zomato: Subsidiary Zomato Payments to voluntarily surrender its online payment aggregator license and prepaid payment instrument issuance application.

Shriram Finance: Board approves selling its entire stake in Shriram Housing Finance to Mango Crest & Warburg Pincus for Rs 4,630 crore.

Rail Vikas Nigam: Receives an order worth Rs 239 crore.

Coromandel International: Acquires an additional 7% stake in drone manufacturer Dhaksha Unmanned Systems for Rs 150 crore.

Manali Petrochem: Board approves setting up a new manufacturing facility in western India.

Previous News
  RBL Bank to declare Quarterly Result
 ( Corporate News - 13-Jul-24   10:33 )
  RBL Bank to hold AGM
 ( Corporate News - 12-Jul-24   17:48 )
  RBL Bank Q1 total deposits grow 18% YoY
 ( Hot Pursuit - 05-Jul-24   11:37 )
  HDFC Bank Ltd Slides 3.09%
 ( Hot Pursuit - 05-Jul-24   09:30 )
  Indices came off the days high; IT shares extent gains for 6th day
 ( Market Commentary - Mid-Session 04-Jul-24   10:37 )
  Cochin Shipyard's director (finance), Jose V J gets tenure extension from Govt
 ( Hot Pursuit - 04-Jul-24   08:46 )
  Hero MotoCorp total sales jumps 15% YoY in June'24
 ( Hot Pursuit - 02-Jul-24   10:40 )
  Market trade near flat line; realty shares in demand
 ( Market Commentary - Mid-Session 02-Jul-24   10:36 )
  Cochin Shipyard arm inks contract with Norwegian company
 ( Hot Pursuit - 29-Jun-24   15:01 )
  Udupi Cochin Shipyard wins order of Rs 1,100 cr
 ( Corporate News - 28-Jun-24   18:35 )
  Nifty hovers above 24,000; oil & gas rally for 3rd day
 ( Market Commentary - Mid-Session 28-Jun-24   11:33 )
Other Stories
  Stock Alert: Tata Consultancy Services, Anand Rathi Wealth, Mahindra & Mahindra, Aditya Birla Fashion and Retail
  12-Jul-24   08:23
  Stock Alert: Tata Elxsi, Kesoram Industries, Sula Vineyards, Asian Paints, Bajaj Healthcare
  11-Jul-24   08:36
  Stock Alert: JSW Steel, Delta Corp, Rail Vikas Nigam, Adani Power, Shilpa Medicare
  10-Jul-24   08:18
  Stock Alert: Godrej Consumer Products, Torrent Power, Container Corporation of India, Nestle India
  09-Jul-24   08:21
  Stock Alert: Dabur India, Titan Company, Marico, Tata Motors, Adani Wilmar, Info Edge (India),
  08-Jul-24   08:33
  Stock Alert: HDFC Bank, Raymond, Poonawalla Fincorp, IDBI Bank, Punjab National Bank,
  05-Jul-24   08:23
  Stock Alert: Bajaj Finance, Vedanta, Suryoday Small Finance Bank, Bandhan Bank, L&T Finance
  04-Jul-24   08:27
  Stock Alert: Mahindra & Mahindra Finance, Yes Bank, NTPC, Hindustan Zinc, Dmart,
  03-Jul-24   08:19
  Stock alert: Tata Motors, TVS Motor, Hero Motocorp, NMDC, South Indian Bank, CSB Bank
  02-Jul-24   08:41
  Stock alert: Auto firms, BEL, Titan, Dr Reddy’s Lab, Gail (India), Cantanbil Retail, Navin Fluorine Intl, Godrej Prop,
  01-Jul-24   08:31
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