STOCKS IN ACTION 8 APRIL Adani Wilmar: The company witnessed | Stock Market News🇮🇳

STOCKS IN ACTION 8 APRIL

Adani Wilmar: The company witnessed double-digit growth in edible oils and foods at the end of the fourth quarter. Food and FMCG volume growth stood at 10% YoY, while edible oil was at 13%.

Bandhan Bank: MD and CEO Chandra Ghosh will step down from the post after the completion of his current tenure.

ZEE Entertainment Enterprise: MD and CEO Punit Goenka has proposed the implementation of a lean and streamlined management structure to the board.

Punjab National Bank: The company reported total deposits stood at Rs 13.7 lakh crore, up 7% YoY as of March 31, total advances stood at Rs 9.86 lakh crore, up 11.5%, and total business stood at Rs 23.56 lakh crore, up 8.8%.

Titan: The company revenue rose by 17% YoY in the fourth quarter, with the with the jewellery business up 18%, the watches and wearables business up 6%, the eye care business down 1%, emerging businesses up 24%, and the Carat Lane business up 30%.

Shyam Metalics: The company reported steel sales at 2.38 lakh tonne, up 26.4% YoY for the end of March and long steel sales at 1.36 lakh tonne, up 11.2% YoY and steel sales at 6.87 lakh tonne, up 6.5% QOQ for the end of the fourth quarter and long steel sales at 3.8 lakh tonne, up 12% QOQ.

Union Bank of India: The company reported total deposits at Rs 12.2 lakh crore, up 9.3% YoY, as of March 31 and total business stood at 21.3 lakh crore, up 10.3%.

Indiabulls Real Estate: The company approved raising up to Rs 3,910.9 crore in one or more tranches via preferential issue of shares. Investors include Utpal Seth, Blackstone, Poonawalla Finance, and Quant MF.

Nestle India: The board approved increasing royalty payments to its parent firm by 0.15% annually for the next five years, thereby enhancing them to 5.25% of net sales.

Bank of Baroda: The company reported domestic deposits at 11.3 lakh crore, up 7.75% YoY as of March 31. Domestic advances stood at Rs 8.97 lakh crore, up 12.8% YoY; global deposits stood at Rs 13.3 lakh crore, up 10.2% YoY; and global advances stood at Rs 10.9 lakh crore, up 12.4% YoY.

Bank of India: The bank reported domestic deposits at Rs 6.3 lakh crore, up 11% YoY; as of March 31, domestic advances stood at Rs 4.93 lakh crore, up 14%; global gross advances stood at Rs
5.86 lakh crore, up 13.6%; and global deposits stood at Rs 7.38 lakh crore, up 10.2%.

Utkarsh Small Finance Bank: The lender reported total deposits at Rs 17,473 crore, up 27.4% YoY, as of March 31 and its gross loan portfolio stood at Rs 18,299 crore, up 31%.

Rites: The company signed an MoU with IIT Madras to collaborate on green energy projects in the field of transport and mobility.

UCO Bank: The company appointed Sourav Kumar Dutta as its new chief technology officer on a contractual basis for 3 years.

Aurobindo Pharma: The USFDA inspected the company's unit from March 28 to April 5 and closed with three observations.

Godrej Consumer: The company expects sales growth in the mid-single digits, driven largely by currency volatility and underlying volume growth is expected to be in the double digits.

Dr. Reddy's Laboratories: The company and Bayer signed a marketing and distribution agreement for the second brand of Vericiguat in India.

Mahindra EPC: The company received an order worth Rs 13.2 crore from the Office of the Assistant. Engineer to supply microirrigation systems for 2,700 hectares.

South Indian Bank: The company appointed Vinod Francis as CFO with effect from April 8, 2024.

Indiamart Intermesh: The company reappointed Dinesh Chandra Agarwal as MD and CEO for 5 years, effective Jan. 8, 2025.

Landmark Cars: The company will incorporate a wholly owned subsidiary, Landmark Premium Cars.

Greaves Cotton: The company's unit entered into an into an agreement with Tsuyo Manufacturing to advance its presence in the low-speed electric 3-wheeler vehicle segment and appointed K.
Vijaya Kumar as Executive Director and CEO.