Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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January 02, 2024

• *Kunvarji: India Daybook – Stocks in News*
• *G R Infraprojects:* Company gets a project in Madhya Pradesh, with annual transmission charges of Rs 41.9 cr (Positive)
• *Power Grid:* Company gets LoI for 20 GW inter-state transmission system in Rajasthan. (Positive)
• *TVS Motors:* Monthly sales of 301,898 units in December 2023 with a growth of 25%. (Positive)
• *Kernex:* South Central Railway has awarded an Order for Rs.109.46 crores to joint venture of the company for comprehensive signaling and telecommunication works. (Positive)
• *Auto Stocks:* The Ministry of Heavy Industries extends the tenure of the Production Linked Incentive Scheme for Automobile and Auto Components by one year (Positive)
• *SJVN:* Company gets approval to form four Joint Ventures in India & Nepal (Positive)
• *Gensol Engineering:* Board approves raising up to Rs 300 crore via QIP (Positive)
• *Aviation and Oil Marketing PSUs:* The tax on diesel and Jet fuel was cut to Nil. (Positive)
• *Adani Group stocks:* Adani Group's financial health is now far more robust than ever before in our 30-year history, says Gautam Adani (Positive)
• *Mining Stocks:* India's mineral output rose 13% in October: Government. (Positive)
• *Tinplate:* Company gets NCLT nod for merger of company into Tata Steel (Positive)
• *Coal India:* December coal production at 71.9 MMT, up 8.2% year-on-year. (Positive)
• *Alembic Pharma:* Company received approval for various products, including Selexipag tablets, Rivaroxaban tablets. (Positive)
• *JTL Industries:* Q3 FY24 sales volume reached 1,00,905 MT, up by 76.05% (Positive)
• *SRF:* Company has successfully commissioned a new manufacturing facility for aluminum foil production (Positive)
• *NIBE:* Nibe Limited has signed a Memorandum of Understanding with Munitions India Limited to develop new generation ammunition (Positive)
• *Surya Roshni:* Company's Lighting & Consumer Durable Segment now is debt free with zero borrowings for both long-term and working capital. (Positive)
• *Eicher Motors:* Royal Enfield total sales at 63,387 units versus poll of 68,667 units. (Neutral)
• *Container Corp:* Received tax demand notice of Rs 3.57 cr from GST Department. (Neutral)
• *Ultratech Cement:* Grey Cement 25.44 mt +5% yoy, Consolidated 27.32 mt +6% yoy. (Neutral)
• *BHEL:* Company clarified that it still has not bagged the order worth Rs 19,400 crore from NLC India. (Neutral)
• *Bharti Airtel:* Company to acquire 97.1% stake in Beetel Teletech. (Neutral)
• *South Indian Bank:* Gross advances at Rs 77,713 crore, up 10.8% year-on-year. (Neutral)
• *Asian Paints:* Company receives GST demand notice of Rs 13.83 crore. (Neutral)
• *Nestle India:* Has received a tax demand of ₹46.4 crore under the CGST/SGST Act. (Neutral)
• *LIC:* Company gets GST demand including penalty of Rs 806 cr for FY18 (Negative)
• *Hindustan Unilever:* Company gets 5 tax notices from different states adding up to Rs 450 crore. (Negative)
• *Mkt. Updates :*
• *GIFT Nifty +36 pts (21866) from last trade 21830 ,*
• Nikkei clsd ,
• Hangseng +88 pts ,
• Now @6.53am .
• US Mkt Clsd, Crude @ $72.01 brl (+0.36), Brent @ $77.08 brl (-0.07) , Gold @ 2074.4 (+2.60), Silver $24.075 (-0.01), Euro @ $1.1036, JPY @ $140.88, INR @ 83.235
• *US GOVT. 10-YR YIELD : 3.88%*
• *Today's Corporate Action*
• *2nd Jan Ex Date*
• ALLCARGO LOGISTICS LTD
• Bonus issue 3:1
• Bhanderi Infracon Ltd
• E.G.M
• La Tim Metal & Industries Ltd
• Right Issue of Equity Shares
• REGENCY CERAMICS LTD
• E.G.M
• *Today's Key Results/Board Meetings, 02-Jan-24 :*
• EASEMYTRIP
• Preferential Issue of shares;Issue Of Warrants
• PARMSILK
• General
• RAJATH
• General
• WARDWIZFBL
• Preferential Issue of shares;General
• *SEC. IN F&O BAN FOR, 02-JAN-24 :*
• *1. HINDCOPPER 2. BALRAMCHIN*
• *ADDITION : BALRAMCHIN*
• *DELETION : NIL*
• *Today's Alert :*
• *RBI to Conduct Auction of SDLS BONDS for INR 160 Billion*