Jio Fin: SEBI has given in-principle approval to the Company and BlackRock Financial Management Inc to set up the proposed mutual fund, acting as joint sponsors. (positive)
Easy Trip Planners: Due to improved bilateral relations between governments, we are resuming bookings to the Maldives. (positive)
SAMHI Hotels: The company acquired Innmar Tourism and Hotels Private Limited for Rs 2.05 billion. (positive)
Bundesbank: Deposits grew 16% in the second quarter and advances grew 19% year over year. CRISIL raises bank’s term deposit rating from “AA+/Positive” to “AAA/Stable”
Ujjivan SFB: Total deposits increased 17% YoY and 5% QoQ. CASA increased 26% YoY and 6% QoQ (plus)
L&T Finance: Retail loan balances grew by 28% at the end of 2QFY25 and consumer disbursements grew by 12% YoY in 2QFY25. (positive)
Macrotech Developers: Q2 FY25 collections up 11% to Rs 30.7 billion, Q2 FY25 pre-sales to Rs 42.9 billion, up 21% YoY (positive)
SAMHI Hotels: The company acquired Innmar Tourism and Hotels Private Limited for Rs 2.05 billion. (positive)
Avantel: Net profit is Rs 22.9 vs Rs 22.9. 16.1 kronor (YoY), revenue was Rs 77.4 kronor and Rs 54.3 kronor (yoy). (positive)
JSW Steel: Company unit JSW Vijayanagar Metalics Ltd has successfully commissioned a blast furnace with a capacity of 4.5 MTPA at its integrated steel manufacturing plant in Vijayanagar (Positive)
Adani Wilmar: Total sales volume increased 10% year-over-year in the second quarter, and revenue from alternative channels grew at a strong double-digit year-over-year rate in the second quarter. (positive)
Bandhan Bank: Total deposits rose 27.2% annually to Rs 1.43 billion in the September quarter. (positive)
Bajaj Residential: Assets under management stood at Rs 1,030 crore, up 26% YoY. (positive)
RKEC Project: The company has bagged an order worth Rs 186 crore from the Maharashtra State Maritime Commission. (positive)
CG Power: Acquired high-frequency component business from Renesas and announced expansion into semiconductor design. (positive)
Senco Gold: Company approved for raising up to Rs 5,000 crore; Company approved for equity subdivision in the ratio of 1:2. (positive)
Ceigall India: The company has received letters of intent for projects worth Rs 1.43 billion. (positive)
Upstream oil stocks: Oil prices rose 3% as tensions in the Middle East escalated. (positive)
Bansal Wire Industries: The company has set up a wholly owned subsidiary BWI Steel private ltd and the acquired company will be in the steel industry. (positive)
IDBI Bank: Total business as of September 30 increased by 15%, Total deposits as of September 30 increased by 11% year-on-year, Net advances as of September 30 increased by 19% year-on-year (positive)
ITC Limited: Company’s hotel business split receives NCLT approval (positive)
Metropolis: Revenue increased 13% year-over-year in the quarter. B2C revenue increased 20% over last year. (positive)
InfoEdge: Standalone billings increased by 14.3% (y-o-y) to Rs 6,503 crore compared to Rs 5,690 crore (positive)
Shiva Cement: Signed binding memorandum of understanding with Bhushan power & Steel. (positive)
Godrej Prop: Q2 bookings grew 3% YoY to nearly Rs 5,200 crore (positive) on sales of over 5.1 million sq ft.
Titan: Jewelry revenue up 26% year-over-year (positive) after weak Q1 performance
Anthony Waist: Arm AG Enviro Infra Projects wins contract worth 908 Cr from Navi Mumbai Municipal Corporation (positive)
Tanfac: The company has revised its production capacity from 45 MT/day to 90 MT/day (plus) at Rs 100 crore.
Indian Banks: Total business increased by 9.8% YoY to 12.44 Lk Cr and total deposits increased by 8.1% to 6.93 Lk Cr (plus)
GAIL: Signed a memorandum of understanding with AM Green to jointly develop renewable energy projects and green chemical projects of up to 2.5GW (positive)
Bank of Maharashtra: Today, the bank will close the QIP and approve the issue price at Rs 57.36/Sh. LIC increases stake in Bank of Maharashtra from 4.05% to 7.1% through QIP (neutral)
AU Small Finance Bank: Reported 12.7% increase in deposits and nearly 6% increase in gross advances in Q2 (Neutral)
Paytm: Manmeet Singh Dhody will exit as CTO of payments and SMP of the company on October 4, 2024. (neutral)
REC: The company’s renewable energy loans rose 37.35% year-on-year to Rs 5,946 crore in the quarter ended September 2024. (neutral)
J&K Bank: Total business increased by 9.2% year-on-year to 23,400 Yen, and total deposits increased by 8.96% to 13,800 Yen (YoY) (Neutral)
MTNL: SBI classifies MTNL as a non-performing account after defaulting on repayments. (neutral)
Zomato: The company has granted stock options of 12 million shares worth Rs 330 million under the ESOP. (neutral)
Indushind Bank: Deposits as of end-September were up 15% YoY, net advances as of September 30 were up 13% YoY. (neutral)
Gravita India: The company has approved funding of up to Rs 1,000 crore. (neutral)
Pitti Engineering: The Company has received NCLT approval for its proposed merger with Pitti Castings Private Limited and Pitti Rail and Engineering Components Limited. (neutral)
Adani Energy: A company called Adani Energy Solutions Global will be formed and the acquired entity will be part of an investment holding company. (neutral)
Pokarna: Temporarily suspended the production line of unit ii of Pokarna processed stone. The production line is tentatively scheduled to restart by October 7, 2024. (neutral)
Apollo Tires: LIC has increased its stake in Apollo Tires from 4.983% to 5.030%. (neutral)
Network18: Government approves transfer of license held by TV18 to company (neutral)
Wipro: The Company has established a wholly owned subsidiary, Wipro, Inc., and the acquired entity will be in the Information Technology sector. (neutral)
Dhanlaxmi Bank: Bank’s total deposits in September quarter seen at 146 billion compared to 138 billion year-on-year (neutral)
Jammu and Kashmir Bank: Total deposits increased by 8.96% and total advances as of September 30 increased by 8.30% YoY (neutral)
RBL Bank: Total deposits rose 20% YoY and 7% QoQ to Rs 1,080 crore. (neutral)
Union Bank: Total deposits increased by 1.45% QoQ and 9.17% YoY to Rs 12.41 Crore; total global sales increased by 1.82% QoQ and 9.63% YoY to Rs 9.28 Crore (neutral)
Lupine: USFDA inspection of company’s biotech facility in Pune concludes with 5 observations (neutral)
Gravita India: Company approved to raise up to Rs 1,000 crore (neutral)
Network18: Government approves transfer of license held by TV18 to company (neutral)
Tata Steel: Indian production increased by 4.98% (YoY) from 50.2 million tons to 52.7 million tons (neutral)
IndusInd Bank: Net advances rose 13% YoY and 3% QoQ to Rs 3,560 crore. Deposits rose 15% year-on-year and 4% from June to Rs 4.12 billion. (neutral)
Nazara Technologies: Subsidiary Openplay receives interim relief in 845 Cr GST claim suit (negative)
IndiGo: The company is experiencing network slowdowns impacting its website and reservation system and is working to restore stability and health. (negative)
