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Axis bank The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank. KEC International The company has secured new orders of Rs. 816 crores across its various businesses Brigade Enterprise Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores. Vedanta Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”. Anup Engineering Board fixed 23rd April 2024 as the Record Date for bonus issue Gufic Biosciences The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products. GE Power The company received orders worth Rs 774.9 crore from Jaiprakash Power. Suryoday Small Finance Bank The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY. RBL Bank The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY. Vodafone Idea The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis. L&T Finance Holdings The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
Fri. Apr 12th, 2024

Market Update and Corporate Buzz: Insights into Stocks and More

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Market Update and Corporate Buzz: Insights into Stocks and More

Market Snapshot:

  • Sensex: 72,708.16 ▲ 0.39%
  • Nifty: 22,122.25 ▲ 0.37%

Market Trends:

  • Consumer Durables: Noteworthy rise in consumer durables stocks, reflecting increased investor interest in non-day-to-day goods like fridges, TVs, and ACs.
  • Realty Stocks: Experienced a decline, indicating a challenging period for the real estate sector.

Regional Market Performance:

  • Majority of Asian markets, excluding Japan and Hong Kong, closed positively, showcasing a broader positive sentiment in the region.

Corporate Highlights:

  1. Vehicle Sales in States: Uttar Pradesh leads in vehicle sales for Oct-Dec 2023, followed by Maharashtra, Gujarat, and Tamil Nadu, according to SIAM.
  2. Joint Venture: TVS Mobility to form a joint venture with Mitsubishi Corp.
  3. RBI License: Mswipe Technologies, a digital payments platform, granted a payment aggregator (PA) license by RBI.
  4. Funding Success: Pure EV, an electric 2-wheeler company, raises $8 million from multiple investors.

Stocks in the News:

  • Power Grid: Board approves Rs 656 cr investment for nationwide electricity transmission projects.
  • NHPC: PM Modi inaugurates foundation laying ceremony for a 300 MW solar power plant in Rajasthan.
  • NBCC: Secures Rs 331.9 cr contract from Rani Lakshmi Bai Central Agricultural University.
  • Titagarh Rail: Awarded Rs 170 cr contract by the Ministry of Defense for 250 specialized wagons.
  • One97 (Paytm): Nodal account transferred from Paytm Payments Bank to Axis Bank.
  • IREDA: Collaborates with PNB for jointly financing green energy projects.
  • Coal India: Plans to participate in mining ministry auctions for 3 critical minerals blocks in February.

Word of the Day:

  • Special Economic Zones (SEZs): Designated areas with special exemptions and incentives, aiming to promote investment and exports by providing well-developed infrastructure.

Featured Question: “Can a company create shares as per they wish? How will they compensate the existing shareholder whose share value in terms of company ownership got decreased due to the new shares?”

  • Yes, a company can create shares, but it requires board approval and often involves regulatory scrutiny.
  • The decision to create new shares is not arbitrary and must be for the benefit of all shareholders.
  • Companies typically raise money through new shares for business operations, expansion, or debt repayment.
  • Existing shareholders may be compensated through the expected benefits of the capital raised, but reactions can vary among investors.

Course Highlights:

  • This week’s course theme: “Things to Ignore When Picking Stocks.”
  • Day 1: Discussed the limitation of giving undue importance to 52-week high or low, emphasizing that it doesn’t predict the future movement of a stock.

Stay tuned for more insights and updates! 📈📊


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MFData | March SIP inflows at ₹19,271 Cr vs ₹19,187 Cr (MoM) Alert: March #SIP inflows at record high, above ₹19,000 cr for 2nd straight month

MFData | March SIP inflows at ₹19,271 Cr vs ₹19,187 Cr (MoM)Alert: March #SIP inflows at record high, above ₹19,000 …

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Lupin Limited Launches Generic Version of Oracea® Lupin Limited, a pharmaceutical company, has announced the launch of the first generic …




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