STOCKS IN ACTION 18 JULY Reliance Industries: Jio Financial | Indian Stock Market
STOCKS IN ACTION 18 JULY
Reliance Industries: Jio Financial Services to be included in Nifty 50 from July 20. It will also be included in the Nifty 50, Nifty 100, Nifty 200, and Nifty 500 indices, among others, with effect from July 20. Jio Financial will be added to 18 S&P BSE indices on July 20. This is on account of Reliance Industries being a part of the Special Pre-Open Session. After three days, it will be dropped f
Patanjali Foods: GQG Partners acquired a 5.96% stake in the company.
Maruti Suzuki India: The automaker has added an Acoustic Vehicle Alerting System for the intelligent hybrid variants of its premium sports utility vehicle, the Grand Vitara. The company has, hence, increased the price of these variants up to Rs 4,000 with effect from July 17.
Infosys: The software exporter has inked an agreement with one of its existing clients to provide artificial intelligence and automation-led development, modernization, and maintenance services. The deal is valued at $2 billion (Rs 16,411 crore) over the next five years.
Axis Bank: The National Stock Exchange and the Bombay Stock Exchange have approved the promoter reclassification request of the Specified Undertaking of the Unit Trust of India from the Promoter category to the Public Category. The Specified Undertaking of the Unit Trust of India has ceased to be a promoter of Axis Bank.
Reliance Home Finance: The company appointed Shanil Jain as the chief financial officer with effect from July 17, 2023.
Shriram Finance: The company has fully repaid $248.17 million (Rs 2036.30 crore) of outstanding senior secured notes.
Gujarat Fluorochemicals: The company’s subsidiary, Gujarat Fluorochemicals FZE, started commercial operations in Dubai on July 17, 2023.
Texmaco Rail and Engineering: The company has approved fundraising of up to Rs 500 crore by issuing one or more instruments, including equity shares, preference shares, convertible securities, non-convertible securities, and warrants, by either preferential issue, rights issue, qualified institutional placement, follow-on public offer, or any combination of these.
Hindware Home Innovation: The company appointed Salil Kappoor as the chief executive officer with effect from July 18.
Sheela Foam: The company acquired a controlling stake of 94.66% in Kurlon Enterprises, maker of Kurl-on mattresses, at an equity valuation of Rs 2,150 crore. The deal is likely to be concluded by Nov. 30. It also bought a 35% stake in online furniture brand HOK-Furlenco for an equ
IDFC: The lender reappointed Mahendra N. Shah as the managing director with effect from Oct. 1, 2023, till Sept 30, 2024. It named Bipin Gemani as the chief financial officer with effect from July 17, 2023, till Sept 20, 2024.
Endurance Technologies: The company acquired an additional 5% equity share capital of Maxwell Energy Systems for a cash consideration of Rs 69.4 million, taking its total shareholding to 56%. The company will buy the remaining equity stake in annual tranches.
ITI: The company has received accolades from ISRO and the Department of Telecommunications for its significant role in the launch of Chandrayaan-3. The flight vehicle had 55 packages on board manufactured by the company.
LTIMindtree Q1 revenue at $1,058.7 m vs CNBC-TV18 poll of $1,063 m
CC revenue growth at 0.1% vs 0.7% (QoQ)
Tata Elxsi reports Q1 earnings.
Net profit up 2.3% at ₹188.9 cr vs ₹185 cr (YoY)
Revenue up 17.1% at ₹850.3 cr vs ₹725.9 cr (YoY)
EBIT up 4.1% at ₹230.1 cr vs ₹221.1 cr (YoY)
Margin at 27.1% vs 30.5% (YoY)
IDFC appoints Bipin Gemani as the whole time director and Chief Financial Officer w.e.f July 17
RPP Infra Projects wins order worth Rs 138 cr in Himachal Pradesh
Amar raja: Clarios ARBL Holding LP likely to exit Amara Raja Batteries, may sell 14% stake through block deal
