smelly The January 50 futures contract on the Singapore Exchange indicated a negative opening for domestic equities on Wednesday. The futures contract was trading at 18252.50, down 53.5 points or 0.29 per cent from its previous close.
Vedanta: Vedanta on Tuesday said its total aluminum production declined by 2 per cent to 5,66,000 tonnes in the third quarter of the current fiscal. The company’s total aluminum production stood at 5,79,000 tonnes in the same period a year ago. Alumina production at Lanjigarh Refinery declined by 6% YoY and 2% QoQ to 443kt. 2,54,000 tonnes per cent in the third quarter.
Avenue Supermarts: Revenue growth slowed on a sequential basis in the quarter ended December, even as the company reported double-digit growth in revenue. The company, which operates the D-Mart chain of supermarkets, reported a 25 per cent year-on-year rise in revenue to Rs 11,305 crore in October-December, according to provisional data.
IndusInd Bank: The private lender reported 19 per cent year-on-year (YoY) growth in net advances at Rs 2.7 trillion at the end of December 31, 2022. Net deposits also grew by 14 per cent to Rs 3.25. Trillion
HDFC: Loans assigned during the quarter ended December 31, 2022 stood at Rs 8,892 crore as compared to Rs 7,468 crore in the corresponding quarter last year, according to a regulatory filing. In addition, the gross income from dividends for the quarter was Rs 482 crore, as against last year’s income of Rs 195 crore.
Avenue Supermarts (DMart): The retail chain operator’s standalone revenue from operations for the quarter ended December 31, 2022 (Q3FY23) stood at Rs 11,304.58 crore as against revenue of Rs 9,065.02 crore at the end of Q3FY22. The total number of stores as of December 31, 2022 was 306.
Orient Cement: According to media reports, Adani Group is in talks to buy promoter stake in the company. BSE has sought clarification from the company and reply is awaited.
Reliance Industries: Reliance Consumer Products Limited, the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures Limited, will acquire 50 per cent equity stake in Gujarat-headquartered Sosyo Hajoori Beverages Private Limited, which owns and operates a beverage business under the flagship brand conducts. ‘Socio’. The existing promoters, the Hazuri family, will continue to own the remaining stake in SHBPL.
Som Distilleries: The company has informed the exchanges that its IMFL (Indian Made Foreign Liquor) brand Genius Prestige Whiskey has captured 46 per cent market share in its segment in the state of Karnataka within three months of its launch.
IT Stocks: Information technology Shares will be in focus today after global brokerage JP Morgan raised the target price on Tier-1 stocks. JPM has raised target prices on Wipro to Rs 370 (from Rs 360), HCL Tech to Rs 880 (from Rs 850), Infosys to Rs 1,700 (from Rs 1,600), and TCS to Rs 3,000 (from Rs 2,900).
Punjab Sind Bank: The lender’s gross advances stood at Rs 78,049 crore at the end of December 31, 2022, registering a 17 per cent year-on-year (YoY) growth as against a loan book of Rs 66,710 crore last year.
Its total deposits grew by 9.1 per cent to Rs 109,497 crore. CASA deposits also grew by 11.3 per cent to Rs 36,460 crore, with the CASA ratio improving by 67 basis points.
RailTel: The company has received work order from South Eastern Coalfields Limited for providing MPLS VPN services at 529 locations under SECL command area for a period of 5 years. The total value of the work is Rs 186.19 crore (including GST).
Aarti Surfactants: The Board will meet on Monday, January 09, 2023 to consider and approve the number of shares to be issued on rights basis, the issue price, rights entitlement ratio for the proposed rights issue and to fix the record date.
Equitas Small Finance Bank: The bank has received RBI approval allowing SBI Funds Management to acquire up to 9.99 per cent of the paid-up equity capital of the bank through schemes of SBI Mutual Fund.
PVR, INOX Leisure: The Supreme Court on Tuesday came as a relief to multiplexes, saying theater owners have the right to ban outside food and beverages on their premises. The Supreme Court, however, said that cinema halls should allow parents to bring food for infants and toddlers and provide free drinking water to all visitors.
IT Stocks: Information technology Shares will be in focus today after global brokerage JP Morgan raised the target price on Tier-1 stocks. JPM has raised target prices on Wipro to Rs 370 (from Rs 360), HCL Tech to Rs 880 (from Rs 850), Infosys to Rs 1,700 (from Rs 1,600), and TCS to Rs 3,000 (from Rs 2,900).
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