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
  Nifty climbs above 23,500; metal shares shine
 ( Market Commentary - Mid-Session 20-Jun-24   11:39 )
  Brigade Ent spurts on plan to develop 3rd WTC tower at Infopark Kochi
 ( Hot Pursuit - 20-Jun-24   10:34 )
  Brigade Group to develop 3rd World Trade Center tower at Infopark Kochi
 ( Corporate News - 20-Jun-24   10:28 )
  Oil India commences ESG initiatives to achieve net zero emission by 2040
 ( Corporate News - 15-Jun-24   13:52 )
  Brigade Group launches premium mixed-use development project 'Brigade Icon' in Chennai
 ( Corporate News - 12-Jun-24   17:50 )
  Brigade Ent plans to invest Rs 8000 cr in Chennai by 2030
 ( Hot Pursuit - 12-Jun-24   14:54 )
  Indian Railway Catering & Tourism Corporation
 ( Results - Analysis 29-May-24   10:15 )
  Barometers trade with modest losses; realty shares under pressure
 ( Market Commentary - Mid-Session 29-May-24   14:36 )
  Hindustan Petroleum Corporation signs MoU with Oil India
 ( Corporate News - 29-May-24   14:22 )
  IRCTC slides as Q4 PAT slips 5% QoQ to Rs 284 cr
 ( Hot Pursuit - 29-May-24   11:35 )
  Board of Indian Railway Catering&Tourism Corp. recommends final dividend
 ( Corporate News - 29-May-24   10:53 )
Other Stories
  Stock alert: Indus Towers, Gland Pharma, Advanced Enzyme, DMart, Sapphire Foods
  20-Jun-24   08:50
  Stock alert: Protean eGov Tech, Indus Tower, Zee Entertainment, Tata Technologies
  19-Jun-24   08:37
  Stock alert: Ixigo, Westlife Foodworld, Bharti Airtel, Som Distilleries, Paytm
  18-Jun-24   08:44
  Stock alert: Action Construction, Vodafone Idea, Ambuja Cement, Nitco, Puravankara, Wipro
  14-Jun-24   08:40
  Stock alert: Zaggle Prepaid, Usha Martin, Gensol Engg, Bondada Engg, Whirlpool of India
  13-Jun-24   08:36
  Stock alert: Wardwizard Innovations, Dollar Industries, TVS Supply Chain, HCL Tech
  12-Jun-24   08:41
  Stock alert: Raymond, Vodafone Idea, Jubilant Foodworks, lnterGlobe Aviation, Bank of Baroda
  11-Jun-24   08:33
  Stock alert: Thermax, Sudarshan Chemical, Adani Ports, Wardwizard Innovations
  10-Jun-24   08:42
  Stock alert: ZEEL, Wipro, ICICI Bank, PB Fintech, Hero MotoCorp
  07-Jun-24   08:35
  Stock alert: Bhel, RVNL, NBCC, Torrent Pharma, IEX
  06-Jun-24   08:29
Back Top