STOCKS IN NEWS\Global Equities Update\ MAZDOCK, IREDA, TATAELEXI,
AHMEDABAD, 11 OCTOBER
Asian equities are trading in green zone with the hope of stimulus from China during tomorrow’s press conference on economic measures while Bank of Korea cuts rate in policy pivot as property market cools while Hong Kong markets remain shut on Holiday. U.S. stock index futures are trading with flat note amid higher than expected consumer inflation spurred a mildly negative session on Wall Street. Focus was U.S. markets would on the third quarter earnings season, which is set to begin with major financial companies.
| Dow Future (US): | 42765, +19.0 points/ +0.04% |
| Nasdaq Future (US): | 20454, +24.0 points/ +0.12% |
| FTSE Future (UK): | 8296, +20.0 points/ +0.24% |
| DAX Future (Germany): | 19384, +44.0 points/ +0.23% |
| Taiex Future (Taiwan): | 23002, +301.0 points/ +1.32% |
| Kospi (South Korea): | 2611, +12.0 points/ +0.44% |
| Nikkei Index (Japan): | 39415, +115 points/ +0.29% |
| Gift Nifty: (India) | 25091, -27.0 points/ -0.11% (Adjusted) |
Arkade Developers: Net Profit at Rs 30 cr vs Net Profit Rs 6.5 cr (YoY) , Revenue at Rs 125 vs Rs 61 cr. (YoY) (Positive)
Mazagon Dock: Company gets order worth Rs 1.22 billion from MAHAGENCO (Positive)
TBO Tek: Company has incorporated a wholly owned subsidiary, TBO Tek Australia Pty Ltd, in Sydney, Australia. (Positive)
VPRPL: Company has secured a Rs. 1608.60 million contract from the Office of the DYCE-C-II-JP-ENGINEERING, NWR, Jaipur for the Jaipur-SawaiMadhopur Doubling Project (Positive)
IRDEA: Net Profit at Rs 387.7 cr vs Net Profit Rs 284.7 cr (YoY) , NII at Rs 546.8 vs Rs 359.8 cr. (YoY). (Positive)
Tata Elaxi: Net Profit at Rs 229.4 cr vs Net Profit Rs 184.1 cr (QoQ) , Revenue at Rs 955 vs Rs 926 cr. (QoQ) (Positive)
Den Network: Net Profit at Rs 52 cr vs Net Profit Rs 45.6 cr (YoY) , Revenue at Rs 249 vs Rs 276.6 cr. (YoY) (Positive)
Oil upstream stocks: Crude oil prices jumped by more than 3 percent on Hurricane and Geopolitical concerns (Positive)
Krsnaa Diagnostics: Company said it has secured two agreements with the Ranchi Institute of Neuro-Psychiatry & Allied Services (RINPAS) and the Medical Superintendent of Sadar Hospital, Ranchi (Positive)
NBCC: Subsidiary inked a contract worth Rs 1000 crore from Gondwana University for campus development. (Positive)
Endurance: Capex for greenfield project approved, plans to set up new facility, facility to manufacture alloy wheels for two wheelers; planned Capex for facility is Rs 3 billion (Positive)
Bandhan Bank: Former IOB Chief Partha Pratim Sengupta named new MD and CEO of Bandhan Bank (Positive)
Index Update: NSE to stop weekly expiry of Fin Nifty, Bank Nifty & Midcap from November 20. (Neutral)
Exide Industries: Company injects ₹100 cr into EESL for lithium-ion battery plant in Bengaluru (Neutral)
Infosys: Company collaborates with Zooplus to drive digital transformation & enhance e-commerce capabilities (Neutral)
Utkarsh Small Finance Bank: Bank enters into agreement to acquire 7% stake in saksham gram credit, cost of acquisition at Rs 50 million. (Neutral)
TCS: Net Profit at Rs 11,909 cr vs Net Profit Rs 12,040 cr (QoQ) , Revenue at Rs 64,259 vs Rs 62,613 cr. (QoQ). (Neutral)
CESC: Company has incorporated a wholly-owned subsidiary, JSK Renewable Private Limited, through its subsidiary, Purvah Green Power Private Limited. (Neutral)
Jubilant Pharmova: Company unit’s rectification application led to deletion of Rs 381.3 million tax demand. (Neutral)
Aarti Industries: Company has incorporated a wholly owned step-down subsidiary, Aarti Chem Trading USA Inc., in the US with a share capital contribution of USD 10,000 (Neutral)
Aegis Logistics: Company announces the appointment of Mr. Raj Kapurchand Chandaria as Managing Director of Aegis Vopak Terminals Limited effective October 10, 2024. (Neutral)
Adani Ent: Investors such as Quant MF, GQG Partners, SBI Life, SBI General Insurance and UHNIs participated (Neutral)
Bank of Maharshtra: Total business rose 16.9% to Rs 4.94 lakh crore in the quarter-ended September 2024 (Neutral)
Oberoi Realty: Board has approved a proposal to raise funds through various securities, with a target of up to Rs 6,000 crore. (Neutral)
Ola electric: Company announces ‘boss 72-hour rush’ with discounts of up to Rs 30,000 on the s1 portfolio; and additional benefits of up to Rs 25,000 (Neutral)
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
