Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
V-Mart Retail Q2 (YoY)
Total revenue from operations grows 22% to Rs 807 crore Vs Rs 661 crore
Same-Store-Sales-Growth (SSSG) at +11%
Company opens 25 new stores & closes 2 stores during the quarter
September Auto Sales
Maruti Suzuki India (YoY)
Total sales increase 2.7% to 1,89,665 units Vs 1,84,727 units
Domestic sales fall 6.1% to 1,47,461 units Vs 1,56,999 units
Exports surge 52.2% to 42,204 Vs 27,728 units
Total production soars 26.4% to 2,01,915 units Vs 1,59,743 units
Passenger vehicles production zooms 26.6% to 1,98,316 units Vs 1,56,709 units
Hero MotoCorp (YoY)
Total sales increase 7.9% to 6,87,220 units Vs 6,37,050 units
Domestic sales grow 5% to 6,47,582 units Vs 6,16,706 units
Exports surge 94.8% to 39,638 units Vs 20,344
TVS Motor Company (YoY)
Total sales jump 12% to 5,41,064 units Vs 4,82,495 units
Two-wheeler sales grow 11% to 5,23,923 units Vs 4,71,792 units
Electric vehicle sales increase 8% to 31,266 units Vs 28,901 units
Total exports surge 10% to 1,22,108 units Vs 1,11,007 units
3-wheeler sales spike 60% to in 17,141 units Vs 10,703 units
Stocks to Watch
Abu Dhabi-based Avenir Investment RSC, an affiliate of International Holding Company, has acquired a 43.46% stake in Sammaan Capital for Rs 8,850 crore through a preferential allotment of 63.66 crore shares. It has become the new promoter of Sammaan Capital. International Holding Company is set to launch a mandatory open offer under SEBI takeover rules.
The company's wholly owned step-down subsidiary, TBO LLC, has completed the acquisition of 100% ownership interest in US-based Classic Vacations for $125 million.
The company's subsidiary, Tata Power Renewable Energy, has entered into a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for a contracted capacity of 80 MW firm and dispatchable renewable energy (FDRE) project. The capex for the project is Rs 1,200 crore.
The company has received approval from SEBI to act as the sponsor and set up the proposed Nuvama Mutual Fund.
The company has been declared the successful bidder in the E-auction for the acquisition of immovable properties in Panipat, Haryana, for Rs 402.86 crore. It plans to set up a plant, carry out warehousing & allied activities, or consider partial monetization of land.
The company has received a contract from Godawari Power & Ispat for a 6Hi Reversible Cold Rolling Mill at Tilda, Raipur. The scope of work also includes supervision of erection and commissioning, ensuring full contractual performance guarantees.
The company has commenced production of passenger vehicles at its manufacturing facility — Talegaon plant in Pune, with an annual installed capacity of 1.7 lakh units.
The bank has received a Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, Mumbai, demanding GST of Rs 92 crore (including interest and penalty) for the financial year 2019–20, pertaining to the reversal of GST input credit, taken under a separate registration obtained for the digital banking business vertical by the bank.
The High Court of Bombay has set aside the water charge demands raised by WRD, amounting to Rs 443 crore till date, and has directed WRD to afresh ascertain the bifurcation of water charges (towards raw material and process usage) within a period of three months and issue a reconciled water charges bill from November 2018 till date.
The Court has also directed the company to submit an interim deposit of Rs 66.50 crore (which will be adjusted towards the reconciled water bills).
The company’s production in September fell 3.9% year-on-year to 48.97 million tonnes (MT) versus 50.94 MT, while the offtake was down 1.1% to 53.56 MT versus 54.16 MT during the same period.
Bulk Deals
BofA Securities Europe SA has acquired 82 lakh shares in Eternal (0.08% stake) at Rs 325.5 per share, valued at Rs 266.91 crore, from Goldman Sachs Bank Europe SE – ODI.
Morgan Stanley Asia Singapore Pte bought 32.51 lakh shares (0.53% stake) in the private sector lender at Rs 274.44 per share, for Rs 89.2 crore.
Goldman Sachs (Singapore) Pte – ODI purchased 66.38 lakh shares (0.8% stake) at Rs 164.67 per share, for Rs 109.31 crore.
Motilal Oswal Mutual Fund acquired an additional 25 lakh shares (0.72% stake) at Rs 273.95 per share, for Rs 68.48 crore. As per the latest shareholding pattern, Motilal Oswal Select Opportunities Fund Series IV held a 1.46% stake (50.55 lakh shares) in Jain Resource.
Mainboard Listing
Trualt Bioenergy
Jinkushal Industries
SME Listing
Earkart
Telge Projects
Chatterbox Technologies
Gujarat Peanut and Agri Products
Stocks Trade Ex-Dividend
Glenmark Pharmaceuticals
Fineotex Chemical
Stock Trades Ex-Bonus
GEE
Shilpa Medicare
Stock Trades Ex-Date for Split, Bonus
Paushak
Stock Trades Ex-Date for Resolution Plan -Suspension
Shivom Investment & Consultancy
Stock Trades Ex-Date for Split
Sumeet Industries
Stock Trades Ex-Date for Rights
U H Zaveri
Stocks in F&O ban
RBL Bank
Sammaan Capital
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