Hinduja Global Solutions: Hinduja Global Solutions’ shares zoomed 19 per cent to hit a new high of Rs 3,948 on the BSE in Tuesday’s intra-day trade after the company announced that its board will meet on Thursday (January 6) to consider a proposal for bonus issue of equity shares. The stock of the company engaged in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) has surpassed its previous high of Rs 3,529 touched on August 12, 2021.
Maruti Suzuki: Maruti Suzuki, India’s largest carmaker, has planned launches of nearly half a dozen SUVs in the next three years. The product introduction will start from the next fiscal with the launch of the two SUVs. One would compete with Hyundai Creta while the other, Jimny, will be positioned against Mahindra’s Thar. These models together are expected to add nearly 2.5 lakh vehicles a year to the company’s volume.
Tata Motors: Powered by strong demand for the 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 domestic market, 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 BSE that it has received LOA for OB removal contract mining work for Amadand OCP, Jamuna Kotma Area, in the Madhya Pradesh valued at Rs 2,683.02 crore from The South Eastern Coalfield, a subsidiary of Coal India.
Shriram Transport Finance: The company plans to raise about $500 million from international investors in what 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. Zee Studios has declined to share investment figures, but trade experts estimate the cost of producing these films to be Rs 1,000 crore.
Inox Wind Energy: The firm will seek shareholders’ nod to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later 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 approach the Reserve Bank of India (RBI) to seek an exemption from tagging their loans to the retailer as NPAs. The move comes after Future Retail’s weekend default set the clock ticking for such classification by the end of this month.
FMCG stocks: Fast-Moving Consumer Goods companies are again ramping up supplies and stocking up products across retail stores and e-commerce channels as Covid-linked restrictions crop up in several states in India.
Marico: Marico has said its volume growth in Q3 is expected to be flat on weaker consumption, mainly due to 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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