Stocks to watch out for today: PNC Infratech, Tata Motors, Adani Wilmar, Sobha, IIFL Finance,Jindal Steel and Power and more
The company has received a letter of acceptance from Haryana Rail lnfrastructure Development Corporation for a project worth Rs 771 crore.
The company has logged its best ever sales quarter with a value of Rs 1,463 crore and saleable area of 1.48 mn sft.
Tata Motors global wholesales in the fourth quarter, including Jaguar Land Rover, stood at 3,61,361 units, higher by 8%, as compared to the same period last year.
Jindal Steel and Power
Jindal Steel and Power said its promoter group companies, part of the Naveen Jindal Group, have fully repaid the loan against shares.
Fairfax-backed IIFL Finance has secured $100 million in long-term funding, jointly, from Export Development Canada (EDC) and Deutsche Bank.
A strong 14% year-on-year (YoY) growth in volumes enabled Adani Wilmar Ltd’s turnover past Rs 55,000 crore in FY23.
Titan Company clocked a healthy double-digit growth across its key businesses, reporting a revenue growth of 25% year-on-year for the March quarter. The growth led by strong performance in watches & wearables and emerging business segments.
Rail Vikas Nigam
Rail Vikas Nigam said it is a lead partner in consortium with Siemens India with 60% share and RVNL as consortium partner with 40% share.
Adani Total Gas
Adani Total Gas has decreased the price of Compressed Natural Gas (CNG) by Rs 8.13 per kg and that of piped natural gas (PNG) by Rs 5.06 per standard cubic metre (scm).
The company’s board meeting is scheduled on April 27 to recommend a final dividend on the equity shares of the company for the financial year ended March 2023.
Godrej Consumer Products
Godrej Consumer Products announced that it would invest Rs 100 crore in early spring, a new Rs 300 crore early-stage consumer fund being set up by Spring Marketing Capital.
Online gaming firm Nazara Technologies has completed the acquisition of 73.27% of Pro Football Network by way of primary infusion in preferred stocks and secondary purchase of common stock from its existing shareholders.
Mahindra and Mahindra Financial Services
The Reserve Bank of India (RBI) has imposed a penalty of Rs 6.77 crore on Mahindra and Mahindra Financial Services for non-compliance with the directions on fair practices relating to disclosure of annualised rate of interest charged on loans to the borrowers