Hinduja Global Solutions: Hinduja Global Solutions’ shares zoomed 19 per cent on Tuesday early trade to hit a new high of Rs 3,948 on the BSE after the firm said its board will meet on Thursday to consider a proposal for bonus issue of equity shares. The stock of the company engaged in Business Process Outsourcing /Knowledge Process Outsourcing has surpassed its previous high of Rs 3,529 touched on August 12, 2021.
Maruti Suzuki: Maruti Suzuki, the country's largest carmaker, has lined up new SUV launches in the three years. The new vehicles will be rolled out in the next financial year. The home-grown automaker's compact SUV would compete with Hyundai Creta, while the upcomg Jimny, another compact SUV of Maruti, will contest against Mahindra’s Thar. These two cars could add around 2.5 lakh units per annum to Maruti Suzuki's volume.
Tata Motors: Powered by robust demand for its latest range of sport utility vehicles, Tata Motors in its December sales has zipped past Hyundai Motor India to become the second-largest passenger car seller in the India, just behind Maruti Suzuki India. Tata Motors shipped 35,461 units of passenger vehicles to its dealers in December, against 32,312 units dispatched by Hyundai Motor.
Dilip Buildcon: The firm has informed the exhange that it has got LOA for OB removal contract mining work for Amadand OCP in Madhya Pradesh, valued at Rs 2,683 crore from a subsidiary of Coal India Ltd.
Shriram Transport Finance: Plans to raise $500 million from global investors. This tranche will be the year's first offshore bond sale by a non-bank lender.
Zee Entertainment: Zee Studios, the movie production and distribution arm of Zee Entertainment Enterprises, is doubling the number of films it plans to produce in 2022. However, Zee Studios has declined to share its investment numbers. According to analysts, the cost of producing these movies is around Rs 1,000 crore.
Inox Wind Energy: Seeks shareholders’ nod to raise Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting this month. The convertible warrants will be issued at the rate of Rs 847 per unit in the EGM on January 25.
Future Retail: Future group lenders plan to move the Reserve Bank of India (RBI) seeking an exemption from tagging their credits to the group as non-perforimng accounts (NPAs). The firm moved Delhi High Court on Monday seeking to declare the ongoing arbitration against Amazon.Inc illegal. The CCI has suspended 2019 deal between through which the US major asserts its rights over Future.
FMCG stocks: Fast-Moving Consumer Goods companies are ramping up their supplies and stocking up products across retail stores and e-commerce channels as Covid-19 curbs crop up in several states in India.
Marico: Marico has said its Q3 volume growth is expected to be flat on weaker consumption, mainly because of inflation impacting overall disposable incomes, while rising mobility caused some degree of pent-up demand for discretionary goods, services and out-of-home consumption.
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