Stocks to Watch Today: Indian stock market started the year with sluggishness. After this, today also on the second trading day, good signals are not being received from the global market. Gift Nifty was trading 30 points down at 21,585. Elsewhere in Asia, the Hang Seng fell 1 percent, the Kospi fell 0.3 percent and the Shanghai Composite fell 0.06 percent. Japan’s Nikkei is closed until January 4 as the country assesses the impact of a massive earthquake that struck northern China on Monday. Is.
Coal India: Has achieved 68 percent of its production target set for the financial year 2024. For the month of December, the company’s production increased 8 percent year-on-year to 71.9 million tonnes (MT).
Bharat Heavy Electricals Limited: BHEL has clarified that it has not received an order worth Rs 19,400 crore from NLC India Limited. Although the company has submitted a price bid for the order, the exchange filing said submission of a bid does not automatically result in receipt of the order.
LIC: Life Insurance Corporation has received a total demand order of Rs 806 crore including penalty for the financial year 2017-18.
Bharti Airtel: Bharti Airtel Services Limited, a wholly owned subsidiary of Bharti Airtel Limited, has entered into an agreement to acquire 49,45,239 equity shares, representing 97.1 per cent stake in Beetle Teletech Limited, another Bharti Group company.
Vedanta: Has reportedly paid interest on non-convertible debentures (NCDs) worth Rs 1,000 crore.
Eicher Motors: Total sales of commercial vehicles registered a growth of 11.1 percent in December and 8,026 units were sold.
TVS Motor Company: A 25 percent increase was recorded in total dispatches at 301,898 units in December 2023.
Tata Motors: 2023 recorded its highest passenger vehicle (PV) volume in a calendar year (CY), breaking the previous best record set in 2022. The auto major recorded domestic PV volumes of 550,838 units in CY23, witnessing a growth of 4.56 percent year-on-year.
South Indian Bank: The bank’s gross advances grew by 10.83 per cent to Rs 77,713 crore during the December quarter, while deposits grew by 9.4 per cent to Rs 99,164 crore.
Alembic Pharma: Received eight US Food and Drug Administration (USFDA) product approvals (provisional or final) during the quarter ending December 31, 2023.
Gensol Engineering: The company has approved to raise up to Rs 300 crore through Qualified Institutional Placement (QIP).
APL Apollo Tubes: Sales of 6,03,659 tonnes were recorded in Q3FY24, compared to 6,05,049 tonnes in Q3FY23 and 6,74,761 tonnes in Q2FY24. For 9MFY24, the company recorded sales volume of 19,39,921 tonnes, a growth of 19 per cent year-on-year.
GR Infraprojects: A project has been won in Madhya Pradesh with annual transmission charges of Rs 41.9 crore.
UltraTech Cement: Its consolidated sales increased 6 percent year on year to 27.32 million tonnes (MT) in the third quarter ending December 31, 2023. Total sales volume in the domestic market increased by 5 percent annually to 26.06 metric tons. Quarter under review.
Dhanlaxmi Bank: During the third quarter business update, the lender said its total business grew 11.5 per cent year-on-year to Rs 24,657 crore.
Nestle India: Order received demanding tax amount of Rs 46.4 crore, applicable interest and penalty amount of Rs 4.65 crore under CGST/SGST Act.