Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news



Housing Development Finance Corporation: Housing Development Finance Corporation (HDFC) and HDFC Bank merged on July 1, while the record date for the merger is set for July 13. HDFC Bank is now 100% owned by public shareholders and existing HDFC shareholders will own 41 percent of the bank.



Reliance Industries: RIL and bp plc announced the start of production from the MJ field. The MJ field is the last of three major new deepwater projects brought into production by the RIL-bp consortium in the KG D6 block off India’s east coast. Together, the three fields are expected to produce approximately 30 million standard cubic meters of gas per day (1 billion cubic feet per day) when the MJ field reaches peak production. (Disclaimer: MoneyControl is part of the Network18 group. Network18 is controlled by the Independent Media Trust, whose sole beneficiary is Reliance Industries.)



NMDC: The state-owned iron ore producer said its cumulative production and sales in the first quarter of FY24 were up 20% and 45% year-on-year. During the quarter, the company produced 10.70 million tonnes and sold 11.15 million tonnes of iron ore.



Tata Motors: The Tata Group company has announced sales of 81,673 units in June 2023, down 1.08% from 82,570 units sold in the same month last year. Domestic sales fell 1 percent to 80,383 units.



Maruti Suzuki India: The country’s largest carmaker has sold 1.59 lakh units in June 2023, up 2.3% from 1.55 lakh units sold in the same month last year. Domestic sales rose 5.77% to 1.39 lakh units, while exports fell 17% to 19,770 units.



Escort Kubota: The Agricultural Machinery business unit sold 9,850 tractors in June 2023, down 2% from 10,051 tractors in June 2022. Domestic sales increased by 0.1% to 9,270 tractors, while exports fell by 26.2% to 580 tractors in the same period.



Hero MotoCorp: The country’s largest motorcycle and scooter manufacturer sold 4.36 lakh units in June 2023, down 9.9% from 4.84 lakh units sold in the same month last year. Domestic sales fell 8.7% to 4.2,000 units, while exports fell 34.3% to 14,236 units in the same period.



Eicher Motors: Eicher’s Royal Enfield reported sales of 77,109 units in June 2023, up 26% from 61,407 units sold in the corresponding month last year, as domestic sales rose 34% to 67,495 units while exports declined by 14% to 9,614 units. Its VECV sales rose 6.5% year-on-year to 6,715 units in June 2023.



UltraTech cementThe country’s largest cement maker said total India sales rose 20% year-on-year to 29.01 million tonnes in the first quarter of 2014, with total consolidated sales up 20% year-on-year to 29.96 million tons. Capacity utilization was around 90% in the 24th quarter.



Vedanta: A subsidiary of Vedanta Resources has decided to initiate a strategic review of its steel and steelmaking raw materials business. The review will begin immediately and will evaluate a wide range of options to increase stakeholder value, including, but not limited to, a possible strategic sale of some or all of the steel businesses. The Company has engaged advisors to assist with this review.



Hero MotoCorp: The country’s largest two-wheeler manufacturer will increase the showroom prices of its motorcycles and scooters from July 3, 2023. The price increase will be around 1.5%, and the exact amount of the increase will vary depending on the specific price. models and markets.



Allcargo Logistics: Parthasarathy Vankipuram Srinivasa has stepped down as vice-chairman and non-executive independent director of the logistics company with effect from June 30.



Pellets India: The company’s Unit IV facility at Visakhapatnam in Andhra Pradesh has successfully completed a US FDA Pre-Approval Inspection (PAI) and GMP audit with zero 483 observations. The USFDA conducted an inspection at the said facility on June 26 and 30. Division IV manufactures active pharmaceutical ingredients (APIs).



CSB Bank: The private sector lender has increased its base rate to 11.05% per annum from 10.20% previously, effective July 1. However, it has not made any changes in marginal cost of funds based on lending rates (MCLR).



Capital of Aditya Birla: Aditya Birla Capital has completed fundraising of Rs 3,000 mron through a Qualified Institutional Placement (QIP) of equity worth Rs 1,750 billion and issue of preference shares worth Rs 1,250 billion to its promoter and promoter group unit Grasim. and Surya Kiran Investments Pte Ltd respectively.



State Bank of India: Charanjit Surinder Singh Attra has resigned as CFO of the country’s largest lender. The relevant authority accepts the resignation from 30 June.



Mazagon Dock Shipbuilders: The company has signed a contract with the Indian Navy for the Medium Refurbishment cum Life Certification (MRLC) of the second Shishumar-class submarine, INS SHANKUSH. The value of the contract is 2724.63 billion rubles.



Central Bank of India: Rajeev Puri stepped down as CEO of the bank with effect from June 30, when he received his pension.



Vasa Denticity: Ace investor Ashish Rameshchandra Kacholia has bought 4.39 lakh equity shares in the dental products supplier through open market transactions at an average price of Rs 302.59 per share. However, Founders Collective Fund sold 1.2 lakh shares of the company at an average price of Rs 301 per share and Maven India Fund bought 85,000 shares at an average price of Rs 303.71.



Adani transmission: GQG Partners Emerging Markets Equity Fund has bought 72.59,000 shares and Goldman Sachs Trust II – Goldman Sachs GQG Partners International Opportunities Fund through open market transactions bought 1.4 billion shares of the Adani group company at an average price of Rs 786.19 per stock. to 1675.75 billion. However, promoter Fortitude Trade and Investment offloaded the entire 3.39 mron shares or 3.04% stake in the company at an average price of Rs 786.17 per share, which was 2,666.5 crore.



CreditAccess Grameen: Plutus Wealth Management LLP bought 10.23 lakh shares of the microfinance institution at an average price of Rs 1245 per share, BNP Paribas Arbitrage bought 12.16 lakh shares at an average price of Rs 1245.76 per share and Canara Robeco Mutual Fund bought 11 lakh shares. shares at an average price of Rs 1,245.01 per share. However, the seller was promoter Creditaccess India BV, offloading 90,00,000 shares or 5.76% of the company at an average price of Rs 1,245.88 per share.



GHCL Textiles: Vanguard Moderate Growth Fund has sold 4.88 lakh shares or 0.51% of the textile maker at an average price of Rs 73.22 per share.



Karnataka Bank: Quant Mutual Fund through Quant Small Cap Fund has acquired 38 lakh shares or 1.21% stake in the private sector lender at an average price of Rs 184.07 per share.



Marathon Nextgen Realty: Europe-based financial services company Societe Generale has acquired 10,00,000 shares of the real estate company at an average price of Rs 312.05 per share.



Syrma SGS technology: Foreign firm South Asia Growth Fund II Holdings LLC has exited the electronics manufacturing services and solutions provider by selling its remaining 29.17,000 shares at an average price of Rs 439 per share. The South Asian Growth Fund has been selling stakes in the company since May. However, BNP Paribas Arbitrage has bought 9.5 lakh shares and Nomura Funds Ireland Public Limited Company – Nomura Funds Ireland India Equity bought 11 lakh shares of Syrma at an average price of Rs 439 per share.



TD Power Systems: Promoters Chartered Capital and Investment, Hitoshi Matsuo, Mohib Nomanbhai Khericha, Nikhil Kumar, Sofia Mohib Khericha and Saphire Finman Services LLP have sold 3.7 crore equity or 23.74% stake in the AC generator maker at average open market transaction price. Rs 221 per share which was over Rs 800 crore. As of March 2023, the promoters owned 58.5% of TD Power.



Easy trip planners: Backer Rikanth Pitti has offloaded 10 million shares or 5.75% stake in the travel agency company at an average price of Rs 40.05 per share, which raised 400.5 billion. However, Societe Generale bought 1.5 million shares of the company at an average price of Rs 40 per share.


#Auto #stocks #HDFC #RIL #Vedanta #Hero #Moto #Granules #news

Leave a Comment