In this post we are going to talk about from which angle you should keep an eye on the stock on 11th January 2023 Share In News List: Infosys, Mahindra, Welspun Corp Ltd, Jindal Worldwide Ltd, Kotak Securities, Aarti Surfactants Ltd, Manappuram Finance, Cyient DLM Ltd, Star Health, Gensol Engineering Ltd, PVR Cinema, L&T Heavy Engineering, Safari Industries, Airtel 5G Plus, Shriram AMC, Ultracab, Ajmera Realty, Tata Motors Group, Jio True 5G, JSW Steel, Manappuram Finance, Paytm, TCS, Hi-Tech Pipes, SVS Ventures, PTC India Ltd, Maruti Suzuki
Infosys :
The Infosys Prize 2022 was awarded by the Infosys Science Foundation (ISF) at a ceremony in Bengaluru to recognize the significant contributions of the winners to research. These contributions have the potential to improve healthcare and diagnostic accessibility, design more inclusive economic and social policies, and deepen our understanding of mental health and the role of the constitution in safeguarding India’s democratic system.
Mahindra:
Mahindra & Mahindra Ltd has launched a new version of the Thar SUV in India, which features Rear Wheel Drive (RWD) options with two different engine choices and improved Four Wheel Drive (4WD) options.
The new Thar lineup has an attractive starting price of ₹ 9.99 Lakh, it is accessible to a wide range of buyers and offers a unique driving and ownership experience.
Welspun Corp Ltd :
Welspun Corp Ltd (WCL), a leading global manufacturer of welded line pipes (HFW, HFIW, HSAW, and LSAW) and the flagship company of the Welspun Group, has released its first sustainability report for the fiscal year 2021-22. The company is working to become a diverse conglomerate through its Business Growth and Diversification Strategy.
Jindal Worldwide Ltd:
On Tuesday, Jindal Mobilitric Private Limited (JM), a subsidiary of Jindal Worldwide Limited, announced plans to establish a state-of-the-art electric 2-wheeler manufacturing facility with an annual production capacity of 2.5 Lakh vehicles in Ahmedabad.
The company will also set up an in-house, fully automated battery manufacturing facility with a similar production capacity. The goal of creating an in-house battery plant is to ensure the highest level of battery safety, which will increase consumer trust in electric vehicle products, resulting in faster adoption of electric vehicles in India.
Kotak Securities:
Kotak Securities announced today that it has served as the lead investor in a Pre-Series A funding round for a B2B2C fintech startup based in Bangalore called BankSathi.
Established in 2020, BankSathi aims to promote financial inclusion in India through the development of an advisor-led digital distribution platform for financial products. The startup’s app is accessible in five regional languages and is currently used by more than 7 lakh agents across various regions of India.
Aarti Surfactants Ltd:
On Monday, January 09, 2023, the Right Issue Committee of the Board of Directors at Aarti Surfactants Ltd met to deliberate and approve the terms and conditions of the rights issue.
The rights issue will consist of a total of 8,92,291 partly paid-up equity shares with a face value of Rs.10 each, to be offered at a price of Rs.555 per share. The total amount to be raised through this rights issue, assuming full subscription by all eligible shareholders, is Rs. 49,52,21,505.
Manappuram Finance:
- Manappuram Finance Ltd appoints Dr. Sumitha Nandan as new Executive Director.
- Dr. Nandan has previous experience with the company, including as Executive Assistant to MD & CEO, and Senior VP of Corporate Coordination.
Cyient DLM Ltd:
- Cyient DLM, a subsidiary of Cyient Limited, has submitted its draft red herring prospectus to the Securities and Exchange Board of India (SEBI) for its planned initial public offering (IPO).
- The listing will take place on the BSE Limited and National Stock Exchange of India Limited (NSE).
- The Proposed Listing will include an IPO of new equity shares, with the IPO shares expected to raise up to ₹ 7,400 million.
Star Health:
Star Health Insurance has seen a significant increase in their gross direct premium for the first nine months of fiscal year 2023, with a growth of 13% from the previous year. The company reported a gross premium of ₹ 7,774 crore, which has now risen to ₹ 8,752 crore. Specifically, the retail health premium saw a 19% increase to ₹ 8,045.5 crore, whereas the group health premium decreased 38% to ₹ 572 crore. On the other hand, the personal accident premium experienced a 23% growth, reaching ₹ 133.5 crore.
Gensol Engineering Ltd:
Gensol Engineering Ltd has invested ₹ 3,50,35,490.00 in its new subsidiary, Gensol Electric Vehicles Private Limited, by subscribing to 1,37,935 (58.08%) of its total share capital. Gensol Electric Vehicles Private Limited’s CIN is U34100PN2022PTC212856, and following this transaction, it will become a subsidiary company of Gensol Engineering Limited.
PVR Cinema:
PVR Cinemas opens 3 Multiplexes in 3 upmarket malls in Jaipur, Bengaluru and Gurugram
L&T Heavy Engineering:
L&T Heavy Engineering has recently secured a number of significant orders in the overseas market. These include the supply of heavy reactors and screw plug heat exchangers for a refinery in Mexico, as well as critical reactors and vessels for blue ammonia projects in the United States and Uzbekistan. The company also secured orders for process plant equipment from a European client. These orders demonstrate the customer’s confidence in the reliability and commitment of L&T Heavy Engineering, and were secured in the face of strong international competition due to the company’s track record of reliable performance.
Safari Industries:
Safari Industries India has announced the start of increased commercial production at its factory in Halol, Gujarat. The company has completed various trial runs and has increased its productivity, allowing it to increase its effective production capacity from 250,000 pieces per month to 300,000 pieces per month. When combined with the production capacity of its subsidiary, Safari Manufacturing Limited, the group’s total production capacity is now 525,000 pieces per month.
Airtel 5G Plus:
On Tuesday, Bharti Airtel announced the roll-out of its advanced Airtel 5G Plus services in Bhubaneswar, Cuttack, and Rourkela.
Additionally, the company has activated ultrafast 5G at the Kalinga and Birsa Munda stadiums in Bhubaneswar and Rourkela for the upcoming Men’s FIH Hockey World Cup.
Shriram AMC:
On Monday, the board of directors of Shriram Asset Management Company Ltd. approved the appointment of Kartik Jain as the new MD and CEO. This appointment is pending regulatory and shareholder approval.
Shriram Asset Management Company (AMC) is a part of the Shriram Group, a financial conglomerate that manages assets worth over ₹ 2.25 lakh crore. In August 2022, the company underwent a revamp of its operations following the sale of a 23% stake to Mission1 Investments LLC, a US-based firm.
Ultracab:
Ultracab has been secures an order from the prestigious Tata Power Company Limited (part of the Tata Group) for an approximate amount of ₹ 2,288.32 Lacs.
Tata Power is a leading integrated power company in India with a strong international presence. It has a total installed generation capacity of 12,808 MW in India and operates in all areas of the power sector, including fuel and logistics, generation (thermal, hydro, solar, and wind), transmission, distribution, and trading.
Ajmera Realty:
Ajmera Realty & Infra India (ARIIL) saw its stock price rise by 2.97% to ₹ 320.55 after the company reported that its sales value increased by 19% to Rs 128 crore (about $17.6 million) in the third quarter of the fiscal year ending 2023, compared to the sales value of ₹ 108 crore (about $14.7 million) in the third quarter of the previous fiscal year.
Tata Motors Group:
In the third quarter of fiscal year 23 (Q3FY23), Tata Motors Group’s global wholesales, including those of Jaguar Land Rover, reached 3,22,556 units, a 13% increase compared to the same period in the previous fiscal year (Q3FY22). However, global wholesales of all Tata Motors’ commercial vehicles and the Tata Daewoo range in Q3FY23 were 97,956 units, a 5% decrease compared to Q3FY22.
Jio True 5G:
Reliance Jio has announced that it is launching its True 5G service in 10 cities in India: Agra, Kanpur, Meerut, Prayagraj, Tirupati, Nellore, Kozhikode, Thrissur, Nagpur, and Ahmednagar. This makes Reliance Jio the first and only operator to offer 5G service in most of these cities.
JSW Steel:
On Monday, JSW Steel announced that their combined crude steel production increased 17% to 6.24 million metric tons in the October-December period of 2022-23. This is a significant increase from the 5.35 million metric tons produced in the same quarter the previous year, according to a statement from the company.
Manappuram Finance:
Sumitha had been an Executive Assistant to the MD & CEO and a Senior Vice President responsible for Corporate Coordination in the company.
Dr Sumitha Nandan was appointed as an Executive Director at Manappuram Finance. Prior to this role, she served as an Executive Assistant to the MD & CEO and a Senior Vice President responsible for Corporate Coordination within the company.
Paytm Payments Bank:
The Reserve Bank of India (RBI) has approved the appointment of Surinder Chawla, a veteran banker, as the new Managing Director and Chief Executive Officer of One 97 Communications’ subsidiary Paytm Payments Bank for a three-year term. The announcement was made by One 97 Communications, the parent company of Paytm.”
TCS:
The Directors of TCS have declared a third interim dividend of ₹8 and a special dividend of ₹67 per Equity Share of ₹1 each for the Company at the Board Meeting held today.
Hi-Tech Pipes:
A Memorandum of Understanding (MoU) has been signed between Hi-Tech Pipes and the Government of Uttar Pradesh (UP) to establish a large manufacturing facility for the production of steel tubes, pipes, and flat steel processing.
As part of this MoU, the company plans to invest a total of ₹ 510 crore in phases. The supportive business environment and special incentives offered by the government of UP will also help the company establish a strong presence in the steel tubes, pipes, and flat steel processing industry.
SVS Ventures:
The SVS Ventures Ltd initial public offering (IPO) received 1.27 times the number of bids as the total public issue worth ₹14.27 crore during the four-day subscription period from December 30, 2022 to January 4, 2023. The retail portion of the IPO was subscribed 2.01 times during this period. The IPO allotment date is tentatively scheduled for January 9, 2023. However, the grey market sentiment for the SVS Ventures IPO has cooled off ahead of the share allocation date. According to primary market observers, shares of SVS Ventures Ltd. are currently being offered at a premium of ₹-4 in the grey market.
Shriram Finance:
Shriram Finance, announced today that it plans to double its loan book in Uttar Pradesh within the next three years. This growth will be driven by a focus on lending to micro, small, and medium-sized enterprises (MSMEs).
As of September 22nd, the company’s Assets Under Management (AUM) totaled ₹ 10,770 crore, and the company plans to increase this amount to over ₹ 20,000 crore within three years in Uttar Pradesh.
PTC India Ltd:
PTC India Ltd. Attracting Interest from Potential Buyers Including Gautam Adani Key Points:
- PTC India is a state-backed electricity trader that is currently for sale
- Potential buyers include Gautam Adani and other Indian conglomerates
- State-owned entities NTPC, NHPC, Power Grid Corp. of India, and Power Finance Corp. are also considering the sale of their stakes in the company
- Bids for the company are expected to be submitted by the end of the month
Maruti Suzuki:
Maruti Suzuki has launched the Grand Vitara S-CNG at NEXA dealerships as part of its “new breed of SUVs” campaign. The Grand Vitara has already gained popularity in India due to its various models with Intelligent Electric Hybrid, Progressive Smart Hybrid, and Suzuki ALLGRIP SELECT options. The introduction of the S-CNG technology is expected to further enhance the appeal of the Grand Vitara.
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