STOCKS TO WATCH 2 JULY

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ISMT Ltd: the installation of the Solar Plant situated at Mantha, Helas, Jalna 431504, Maharashtra has been completed in Phase I with the capacity of 35 MW DC (out of total project capacity of 70 MW DC) and the operations of the Solar Plant have commissioned from 1 July 2024

Latent View Analytics Limited : The Company has acquired 70% of the fully diluted equity share capital of Decision Point Private Limited (“Target”) on July 1, 2024. With this acquisition, the Target has become a subsidiary of the Company.

BN Holdings Limited : The company has infused a subscription amount i.e. USD 32.80 Million to its wholly owned subsidiary (WOS) BN Holdings Europe Limited at London, England (“BN Europe”) on June 28, 2024, to acquire further ordinary shares of BN Europe

Shalibhadra Finance : The company ventures into housing finance business, expands product portfolio,; Plans to serve small-ticket size housing loans in rural areas

Balaji Telefilms Ltd: 13th September 2024 is the date for the thrilles about a hidden Murder that unleashes a whodunit! Hansal Mehta’s ‘The Buckingham Murders’ will be released in cinemas

NMDC: The company reported production volume at 3.37 million tonnes down 3.2% YoY and Sales volume at 3.73 million tonnes down 9% YoY for the month of June. The company set Lump ore prices at Rs 5,959 per ton and fines at Rs 5,110 per tonne

Asset management companies: SEBI has asked stock exchanges and other market infrastructure institutions to charge all its members uniformly and not offer discounts based on trading volumes or activity

Patanjali Foods: The board of Patanjali Foods approved the proposal to buy Patanjali Ayurved’s non-food business for Rs 1,100 crore. Payment is to be done in 5 tranches of 20%, 20%, 45%, 10%, and 5%.

JTL Industries: The company reported sales volume up 10.8% at 85,674 million tonnes for the end of Q1 FY25

South Indian Bank: The company reported gross advances up 11.4% at Rs 82,510 crore YoY, deposits up 8.4% at Rs 1.04 lakh crore YoY, and the CASA ratio at 31.87% vs. 32.64% YoY for Q1 FY25.

CSB Bank: The company reported gross advances up 17.8% at Rs 25,099 crore YoY while deposits were up 22.2% at Rs 29,920 lakh crore YoY for the end of Q1 FY25

Gandhar Oil Refinery (India): The company’s unit received a three-year contract worth Rs 375 crore from ADNOC Distribution. The contract quantity is estimated to be 30 million litres per year.

Deepak Fertilisers and Petrochemicals: The company received the NCLT nod for the scheme of arrangement between Mahahdhan AgriTech, Deepak Mining Solutions, and Mahadhan Farm Technologies

Pennar Industries: The company is to set up a PEB manufacturing plant in Raebareli in Q2 and to have a production capacity of 36,000 MTPA.

BLS International Services: The company unit received the Turkish Regulatory Authority’s nod for the acquisition of iData.

Maruti Suzuki India: The company reported production volumes down 3% to 1.33 lakh units YoY for the month of June

Sakuma Exports: The company approved a bonus issue of shares in the ratio of 4:1, raised up to Rs 500 crore via QIP and approved an investment of Rs 600 crore in its subsidiaries

IOL Chemicals and Pharmaceuticals: The company received the China regulatory body’s approval for the company’s fenofibrate product. This approval will enable the company to export its fenofibrate API to China’s market.

Ganesha Ecosphere: The company’s unit commenced operations of its third production line of rPET chips at its Warangal facility in Telangana

CAMS: The company partnered with Google Cloud to build a cloud-native platform for its asset management business services

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