NMDC: The company reported that its production in June was down 3.2% year-on-year to 3.37 million tonnes and sales were down 9% year-on-year to 3.73 million tonnes. The company set the lump ore price at Rs 5,959 per tonne and the fines ore price at Rs 5,110 per tonne.
Asset Management Companies: SEBI has asked stock exchanges and other market infrastructure institutions to charge a flat fee to all their members and not offer discounts based on trading volume or nature of transactions.
Patanjali Foods: The board of directors of Patanjali Foods has approved the proposal to acquire Patanjali Ayurved’s non-food business for Rs 1,100 crore, with payment to be made in five installments of 20%, 20%, 45%, 10% and 5%.
JTL Industries: The company reported that its sales volume increased 10.8% to 85,674 million tonnes at the end of the first quarter of FY25.
South Indian Bank: The company reported total advances grew 11.4% YoY to Rs 82,510 crore, deposits grew 8.4% YoY to Rs 1.04 trillion and CASA ratio was 31.87% against 32.64% YoY.
CSB Bank: The company reported total loans and advances grew 17.8% YoY to Rs 25,099 crore and deposits grew 22.2% YoY to Rs 29,920 crore at the end of Q1FY25.
Gandhar Oil Refinery (India): The unit has been awarded a three-year contract worth INR 3,750 crore from ADNOC Distribution for an estimated capacity of 30 million litres per annum.
DCX Systems: The company has bagged an order worth Rs 1,250 crore from Larsen & Toubro for manufacturing and supply of electronic modules over a period of three years.
Deepak Fertilisers and Petrochemicals: The company has received NCLT approval for a scheme of arrangement between Mahadhan AgriTech, Deepak Mining Solutions and Mahadhan Farm Technologies.
JK Cement: Samnesh Khandelwal resigned as deputy CFO effective July 1.
Pennar Industries: The company will set up a PEB manufacturing plant at Raebareli in the second quarter with a capacity of 36,000 MTPA per annum.
BLS International Services: The division received approval from Turkish regulators to acquire iData.
Maruti Suzuki India: The company reported production in June of 133,000 units, down 3% from the same month last year.
Sakuma Exports: The company has approved bonus issue of shares in the ratio of 4:1, raised Rs 5,000 crore through QIP and approved investment of Rs 6,000 crore in subsidiaries.
Lakshmi Organic Industries: Tanushree Bagrodia will step down as CFO effective September 2 and Mahadev Karnik will take over as the new CFO effective September 3.
IOL Chemicals and Pharmaceuticals: The company received Chinese regulatory approval for its fenofibrate product, which will enable the company to export fenofibrate API to the Chinese market.
Ganesh Ecosphere: The company’s unit has started up its third production line for rPET chips at its Warangal facility in Telangana.
CAMS: Company
We partnered with Google Cloud to build a cloud-native platform for asset management business services.
Car Sales Data
Tata Motors: Total domestic sales in June were down 8% y/y to 74,147 units. Total commercial vehicle sales were down 7% to 31,980 units, total PV sales were down 8% to 43,624 units, and total EV sales were down 34% to 4,657 units. According to the company’s sales data for Q1 FY25, total domestic sales increased 2% y/y to 225,000 units, total CV sales increased 6% to 91,209 units, total PV sales were down 1% to 140,000 units, and total EV sales were down 14% to 16,579 units.
TVS Motor: Total sales in June increased 5% year-on-year to 333,000 units. Two-wheeler sales increased 6% to 322,000 units, motorcycle sales increased 3% to 152,000 units, scooter sales increased 6% to 128,000 units, EV sales increased 10% to 15,859 units, and exports decreased 4% to 76,074 units.
Hero MotoCorp: Total sales in June increased 15% y/y to 503,000 units. Domestic sales increased 16% to 491,000 units, exports decreased 15% to 12,032 units, and motorcycle sales increased 17% to 473,000 units.
Eicher Motors: Motorcycle sales in June fell 5% year-over-year to 73,141 units.
Meanwhile, motorcycle exports in June fell 27% year-on-year to 7,024 units.
list
Allied Blenders and Distillers: Shares of the company will be listed on the stock exchanges on Tuesday at an issue price of Rs 281 apiece. The Rs 1,500-crore IPO was subscribed 23.55 times on the third and final day. Bidding was led by institutional investors (50.37 times), retail investors (4.51 times), non-institutional investors (32.40 times) and the portion reserved for employees (9.89 times).
Bulk Purchase
Nazara Technologies: TIMF Holdings bought 1.2 million shares (1.56%) at Rs 872 per share, while Parijata Trading Private Limited, Gyaana Retreats & Services Private Limited and Fashions Brands (India) sold 0.6 million shares (0.78%) at Rs 872 per share.
SG Finserve: Sixteenth Street Asian Gems Fund sold 1.044 lakh shares (1.86%) at Rs 400.19 per share while Sanjay Garg bought 850,000 shares (1.52%) at Rs 396.34 per share.
EFC (I): Societe Generale bought 350,000 shares (0.7%) at Rs 565 per share while Blackhawk Properties Private Limited sold 250,000 shares (0.5%) at Rs 565 per share.
Krishna Defence and Allied Industries:Credit Asset Management Services Private Limited Pms A/C Orbis0000154 sold 0.99 lakh shares (0.86%) at Rs 1,048.54 per share.
Veranda Learning Solutions: Ujwal Kumar Pagariya bought 4 lakh shares (0.56%) at Rs 240.77 per share.
Religare Enterprises: Plutus Wealth Management LLP sold 7.1 million shares (2.15%) at Rs 239.05 per share while Societe Generale bought 5.05 million shares (1.53%) at Rs 239 per share.
Insider Trading
OM Infra: Promoter Jyoti Kothari sold 3,12,000 shares on June 28.
ETHOS: Promoter Mahen Distribution sold 37,237 shares between June 25-28.
Go Fashion (India): Promoter Rahul Saraogi pledged 3,08,000 shares on June 26.
ION Exchange (India): Promoter Mahabir Prasad Patni sold 142,500 shares between June 18 and 28.
Steel Exchange of India: Promoter Umashiv Garments sold 10 million shares on June 27.
Pledge Share Details
Go Fashion (India): Promoter Gautam Saraogi released his pledge of 3,08,000 shares on June 25.
Steel Exchange of India: Promoter Umasthiv Garments cancelled its pledge of 10 million shares on June 27.
Mangalore Fertilisers: Promoter Zuari Agro Chemicals had pledged 9 lakh shares on June 26.
Reconciling Transactions
Price range change from 10% to 5%: Solara Active Pharma Sciences.
Price band changed from 20% to 10%: Exicom Tele-Systems, Black Box, GRP.
Highest dividend ever: Epigral.
Ex/Record Annual Meeting: Epigral, Automotive Stamping and Assembly.
Highest ever buyback: Bajaj Consumer Care.
Original/Record Bonus: Oil India.
We have moved to a short-term framework, the “black box.”
Transitioning Short-term Framework: Chambal Fertilizers & Chemicals;
Johnson Controls, Hitachi Air Conditioning India.
F&O Prohibition
1. Indosem
2. Industry Tower
