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August production at 52.3 million tons, up 13.2% YoY.
August sales at 59 million tons, up 15.3% YoY.
Source: Exchange Filing
Announced its collaboration with Flipkart for integrated line haul solutions.
Will operate 32ft single axle commercial vehicles for Flipkart in collaboration with Daimler India.
Source: Exchange Filing
Announces JV with Corning International Corp. to manufacture mobile glass covers in India.
Source: Exchange filing
Signs agreement to buy 85% stake in Barrix Agro for Rs 85 crore.
Source: Exchange filing
Manufacturing operations at Gabon partially impacted due to present political turmoil.
Manufacturing plant had restored normal operations from Aug. 31, 2023.
Source: Exchange Filing
Total sales rise 29.4% to 6,476 units.
Domestic sales rise 30.4% to 5,907 units.
Exports fall 8.5% to 332 units.
Source: Exchange filing
Total sales fall 0.3% to 76,261 units.
Total commercial vehicle sales rise 1.9% to 32,077 units.
Heavy commercial vehicle sales rise 14.4% to 9,000 units.
Passenger vehicle sales fall 3% to 45,933 units.
Electric passenger vehicle sales up 55% to 6,236 units.
Source: Exchange filing
Total sales rise 14.5% to 1.89 lakh units.
Domestic sales rise 14.5% to 1.64 lakh units.
Exports rise 14.6% to 24,614 units.
Utility vehicle sales up 118% to 58,746 units.
Sales of mini and compact cars fall 9.7% to 84,660 units.
Source: Exchange filing
Approves issuance of 33.33 lakh shares at a price to Motilal Oswal Financial Services.
Shares to be issued at Rs 300 apiece, aggregating to Rs 99.99 crore.
Source: Exchange filing
Gets U.S. FDA final approval for Erythromycin tablets USP.
Alert: Erythromycin tablets is an antibacterial product used to prevent and treat multiple infections.
Source: Exchange filing
Appoints Ritesh Mohan Idnani as MD and CEO w.e.f. Sept. 1, 2023.
Vipul Khanna resigned as MD and CEO w.e.f Aug. 31, 2023.
Source: Exchange Filing
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.43%, whereas S&P BSE SmallCap Index was 0.65% higher.
Nineteen out of the 20 sectors compiled by BSE advanced, while S&P BSE Healthcare declined. S&P BSE Telecommunication, S&P BSE Utilities, S&P BSE Metal rose the most.
The market breadth was skewed in the favour of the buyers. About 2,087 stocks rose, 1,364 declined, while 173 remained unchanged on the BSE.
Passenger vehicle sales rise 25% to 37,270 units.
Three-wheeler sales rise 47% to 7,044 units.
Tractor sales rise 1% to 21,676 units.
Tractor exports fell 26% to 1,029 units.
Source: Exchange filing
Recorded gross box office revenue of Rs 532 crore.
Breaks highest box office monthly and daily admissions.
Entertained nearly 1.9 crore viewers in August across the country.
Source: Exchange Filing
Moody's on India GDP
See India 2024 GDP growth at 6.1% from 6.5% earlier.
See India 2023 GDP growth at 6.7% from 5.5% earlier.
Source: Moody's Investor Service
Raises buyback offer price to Rs 1,080 from Rs 816 per equity share.
34.7 lakh shares or 2.56% equity to be bought back at revised price.
Sets record date for determining eligible shareholders as Sept. 14, 2023.
Source: Exchange filing
Sales and production rise at fastest pace in almost three years.
Input stocks built at second-strongest rate on record.
Cost inflation hits one-year high.
Source: Press Release
50.5 lakh shares changed hands in a large trade.
0.19 % equity changed hands at Rs 253.90 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
Indian Oil Corp. cuts commercial LPG price by 9.37% in Delhi.
Indian Oil Corp. cuts commercial LPG price by Rs 158/19-kg cylinder in Delhi.
Indian Oil Corp. current price for 19-kg cylinder in Delhi at Rs 1522.50.
Source: Indian Oil Corp. Website, Exchange Filing
The scrip hit an upper circuit of 5%, trading at Rs 271.5 as of 9:54 a.m., as compared to a 0.31% advance in the NSE Nifty 50.
It has risen 221.3% on a year-to-date basis. The total traded volume stood at 0.2 times its 30-day average. The relative strength index was at 75, implying that the stock maybe overbought.
The two analysts tracking the company, maintain a buy rating on the stock, according to Bloomberg data. The average 12-month consensus price target implies a potential downside of 7.9%.
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.18%, whereas S&P BSE SmallCap Index was 0.45% higher.
Five out of the 20 sectors compiled by BSE declined, while 15 sectors advanced. S&P BSE Power fell the most, whereas, S&P BSE Metal rose the most.
The market breadth was skewed in the favour of the buyers. About 1,687 stocks rose, 768 declined, while 114 remained unchanged on the BSE.
2.48 crore shares or 8.5% equity changes hands in two large trades.
Buyers and sellers not known immediately.
Source: Bloomberg
28.04 crore shares or 4.2% equity changes hands in three large trades.
Buyers and sellers not known immediately.
Source: Bloomberg
Total sales fall 15% to 3.42 lakh units.
Total two-wheeler sales fall 20% to 2.85 lakh units.
Domestic two-wheeler sales fall 31% to 1.61 lakh units.
Two-wheeler exports rise 2% to 1.24 lakh units.
Three-wheeler sales rise 23% to 56,617 units.
Source: Exchange filing
At pre-open, the S&P BSE Sensex was up 24 points, or 0.04%, at 64,855.51, while the NSE Nifty 50 was 4 points, or 0.02%, lower at 19,258.15.
Source: Bloomberg
Total sales fall 8.5% to 5,593 units.
Domestic sales fall 2% to 5,198 units.
Exports decline 51% to 395 units.
Source: Exchange filing
About 14 lakh shares changed hands in a large trade.
0.44% equity changed hands at Rs 395 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
The local currency strengthened 21 paise to open at Rs 82.58 against the U.S dollar on Friday.
It closed at 82.79 on Thursday.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.17% on Friday.
Source: Bloomberg
Indian Oil Corp. increases ATF prices in Delhi by 14.12%.
Indian Oil Corp. fixes ATF prices at Rs 1.12 lakh/Kilo Litre vs Rs 98,508.26/Kilo Litre in July.
Source: Company Website
Indian Oil Corp. fixes ATF price at Rs 1.21 lakh/Kilo Litre for Kolkata.
Indian Oil Corp. fixes ATF price at Rs 1.05 lakh/Kilo Litre for Mumbai.
Indian Oil Corp. fixes ATF price at Rs 1.16 lakh/Kilo Litre for Chennai.
New prices will be applicable from Sept. 1, 2023.
Source: IOC Website
Sets IPO price band at Rs 695 to Rs 735 per equity share with face value of Rs 10 apiece.
Initial share sale for anchor investors will be done on Sept. 5, 2023.
Initial share sale for public subscription will be open from Sept. 6, and close on Sept. 8, 2023.
Source: Company announcement
Exited joint-venture for HumeLink (East) transmission line project proposed by Transgrid, Australia.
Source: Exchange Filing
Asian Stocks Advance As China Steps Up Stimulus: Markets Wrap
UPI Transactions Cross 10-Billion Mark For The First Time In August
Food Inflation Concerns Far From Over, Says Nestle India Head Suresh Narayanan
Mauritius Funds Deny OCCRP Allegations Of Adani Involvement
Full-Year Growth Prediction Maintained At 6.5%, Says CEA Nageswaran
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