Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, monthly auto sales and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Auto Sales for August
Maruti Suzuki India (YoY)
Total sales drop 3.86% to 1,81,782 units Vs 1,89,082 units
Domestic passenger vehicle sales fall 8.4% at 1,43,075 units Vs 1,56,114 units
Total domestic sales down 5.3% at 1,55,779 units Vs 1,64,468 units
Export sales up 5.65 at 26,003 units Vs 24,614 units
Tata Motors (YoY)
Total sales fall 8.1% to 71,693 units Vs 78,010 units
Commercial vehicle sales down 15.2% at 27,207 units Vs 32,077 units
Passenger vehicle sales drop 3.15% to 44,486 units Vs 45,933 units
TVS Motor Company (YoY)
Total sales grow 13% to 3,91,588 units Vs 3,45,848 units
Two-wheeler sales jump 14% to 3,78,841 units Vs 3,32,110 units
Exports surge 14% to 99,976 units Vs 87,515 units
Electric vehicle sales climb 4% to 24,779 units Vs 23,887 units
Eicher Motors (YoY)
Royal Enfield sales fall 5% to 73,629 units Vs 77,583 units
Royal Enfield exports drop 2% to 8,006 units Vs 8,190 units
VE Commercial Vehicles sales grow 1% to 6,543 units Vs 6,476 units
VE Commercial Vehicles domestic sales increase 2% to 6,028 units Vs 5,907 units
VE Commercial Vehicles exports decline 23.25 to 255 units Vs 332 units
SML Isuzu (YoY)
Total sales down 1.5% at 990 units Vs 1,005 units
Cargo vehicles sales drop 6.2% to 303 units Vs 323 units
Passenger vehicles sales up 0.7% at 687 units Vs 682 units
VST Tillers Tractors (YoY)
Total sales grow 9.4% to 4,416 units Vs 4,037 units
Power tillers sales jump 11.2% to 4,022 units Vs 3,616 units
Tractors sales down 6.4% at 394 units Vs 421 units
Stocks To Watch
OIL has signed hook-up agreements with Indra Dhanus Gas Grid (IGGL) to enhance energy infrastructure in the North-East region.
The state-owned company has reduced the prices of ferro-grade manganese ores with manganese content of Mn-44% and above by 20% for September. It has also lowered prices of all other ferro grades of manganese ore with manganese content below Mn-44% by 15%, and prices of all SMGR (Mn-30% & Mn-25%), fines, and chemical grades by 15%.
Hindustan Petroleum Corporation
Pushp Kumar Joshi has superannuated as Chairman & Managing Director, effective September 1, and ceased to be a director. The Ministry of Petroleum & Natural Gas has appointed Rajneesh Narang, currently Director-Finance, as the interim Chairman & Managing Director for three months, starting September 1.
SJVN, NHPC, RailTel Corporation of India
The Government of India has granted Navratna Status to SJVN, NHPC, and RailTel Corporation of India.
The Board of Directors has approved a bonus issue of one share for every two equity shares held. The record date for the bonus issue is October 7.
The company has appointed Srikumar Rao as the Global Head of its Engineering Edge Business Line, effective October 5, following the resignation of Harmeet Chauhan. Srikumar will report to Srini Pallia.
Subsidiary Biocon Pharma has received US FDA approval for Sacubitril/Valsartan tablets and Daptomycin for injection. Biocon has also received an Establishment Inspection Report (EIR) from the US FDA for its greenfield API facility in Visakhapatnam, allowing it to commence commercial supplies to the US market.
Life Insurance Corporation of India has reduced its shareholding in HDFC AMC to 2.88% from 4.91% between July 1 and August 29.
Life Insurance Corporation of India has decreased its stake in the company to 6.43% from 8.58% between November 21, 2007, and August 29, 2024.
The Board of Directors has approved a buyback of 500,000 shares (1.69% of equity) for up to Rs 50 crore at Rs 1,000 per share. The record date for the buyback is September 11.
GPT has been declared the lowest bidder for a Rs 204 crore project from CAO Construction, South Eastern Railway, involving the construction of a road over bridge between Andul-Sankrail and Nalpur-Bauria stations.
The company has acquired the remaining 49.60% stake in Helios Lifestyle, which owns the premium men's grooming brand 'The Man Company'. Emami now holds a 100% stake in Helios.
Krishna Institute of Medical Sciences
The company has acquired a 100% equity stake in Chalasani Hospitals, Visakhapatnam, for Rs 28 crore. Chalasani Hospitals is a 200-bed hospital established in 1995.
Century Textiles and Industries
Birla Estates, a wholly-owned subsidiary of Century Textiles, has signed an agreement with LGCPL Group to co-develop a 131-acre land parcel in Sector 150, Noida.
The board has approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy (GEL), and Gujarat State Petronet (GSPL) merging into GGL. Additionally, the scheme involves the demerger of GGL's gas transmission business, which will be listed separately as GSPL Transmission Limited (GTL).
The board has appointed Abhinav Goyal as the interim Chief Financial Officer until a regular CFO is appointed. Abhinav Goyal is currently the VP (Finance).
The company has received an order from the Deputy Commissioner of Income-tax, with a potential tax demand of Rs 29.4 crore. This increases the total cumulative amount in ongoing litigations and disputes with the Deputy Commissioner of Income-tax to Rs 77.5 crore.
UBS Principal Capital Asia has acquired a 1.19% stake in the bank at an average price of Rs 200.27 per share, amounting to Rs 384.56 crore.
UBS Principal Capital Asia has sold a 1.14% stake in Dixon at an average price of Rs 13,178.47 per share, totaling Rs 904.1 crore.
Motilal Oswal Mutual Fund has purchased a 0.69% stake in Globus Spirits at an average price of Rs 1,071.49 per share, amounting to Rs 21.4 crore.
Foreign portfolio investor SG Sundae Holdings LLC has sold a 1.16% stake at an average price of Rs 206.88 per share, and an additional 0.62% stake at an average price of Rs 206.74 per share, totaling Rs 114.77 crore.
UBS Principal Capital Asia has sold a 1.2% stake in OIL at an average price of Rs 742.12 per share, amounting to Rs 972.62 crore.
Oracle Financial Services Software
UBS Principal Capital Asia has sold a 0.56% stake in the company at an average price of Rs 10,999.15 per share, totaling Rs 533.4 crore.
UBS Principal Capital Asia has sold a 0.63% stake at an average price of Rs 606.83 per share, amounting to Rs 797.2 crore.
UBS Principal Capital Asia has sold a 0.55% stake at an average price of Rs 15.67 per share, totaling Rs 598.9 crore.
UBS Principal Capital Asia has offloaded a 0.66% stake at an average price of Rs 1,128.11 per share, amounting to Rs 756.02 crore.
BSREP IV FPI Two Holdings (DIFC) has bought a 7.69% stake in Nirlon at an average price of Rs 440 per share, totaling Rs 305.04 crore. Resonance Opportunities Fund, Arial Holdings 1, Ares Diversified, and Albula Investment Fund have sold a 7.1% stake at the same price, with Arial Holdings, Ares Diversified, and Albula Investment Fund exiting Nirlon.
Stocks Turn Ex-Dividend
CG-VAK Software & Exports, Dynamic Industries, Kovilpatti Lakshmi Roller Flour Mills, Kopran, Krystal Integrated Services, Lancor Holdings, Sanco Trans
Stock Trades Ex-Date for Split
Bondada Engineering
F&O Ban
Balrampur Chini Mills
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