Bajaj Finance: The company reported new loans grew by 10% year-on-year to 10.97 million, AUM grew by 31% year-on-year to 3.54 lakh crore, and deposit book at up 26% year-on-year at 62,750 crores for the end of Q1 FY25.
Vedanta: The company reported aluminum production up 3% year-on-year at 596 kt, while Saleable zinc production up 1% year-on-year at 262 kt, Saleable steel production up 10% year-on-year at 356 kt, YoY, Overall power sales at 4,791 MU, up 13% YoY for the end of Q1 FY25.
Brigade Enterprises: The company signed a joint development agreement for a 1.2 million sq ft residential project in Bengaluru. The project is to be spread over 8 acres, with a Gross Development Value of Rs 1,100 crore.
L&T Finance: The company reported Portfolio realisation at 95%, Retail disbursements up 33% year-on-year at Rs 14,830 crore, and Retail loan book up 31% year-on-year at Rs 84,440 crore.
Suryoday Small Finance Bank: The bank reported gross advances up 42% year-on-year at Rs 9,037 crore, deposits up 42% year-on-year at Rs 8,137 crore, CASA ratio at 17.7% vs 20.1% QoQ, while GNPA at 2.67% vs 2.80% QoQ.
Tata Steel: The company received NCLT’s nod for the merger of Angul Energy into itself.
Bandhan Bank: The bank reported loans and advances at Rs up 21.8% year-on-year at Rs 1.03 lakh crore, deposits at Rs up 22.8% year-on-year at Rs 1.08 lakh crore, While CASA ratio at 36.0% vs 37.1% QoQ for the end of Q1 FY25.
GE T&D: The company received a €64 million order from France’s Grid Solutions for the supply of high-voltage products.
Cochin Shipyard: The government appointed Jose VJ as Director of Finance for 3 years.
Persistent Systems: The company acquired a 100% stake in US-based software company Starfish Associates for $20.7 million.
Marico: The company partnered with Kaya to handle sales of its science-based personal care products.
ITD Cementation: Promoter Italian Thai Development Public Company is exploring the potential divestment of its investment in the company.
Indiabulls Real Estate: The company changed its name to Equinox India Developments effective from July 8 following approvals from stock exchanges.
Carysil: The company raised Rs 125 crore via QIP and allotted 15.7 lakh shares at Rs 796 per share.
Zee Media Corporation: The Ministry of Corporate Affairs approved the incorporation of a new subsidiary called Pinews Digital. Pinews to carry out business of mainstream media, through Hyper Local App, driven by AI.
IPO Offering
Emcure Pharmaceuticals: The public issue was subscribed to 1.32 times on day 1. The bids were led by institutional investors (0.07 times), non-institutional investors (2.71 times), retail investors (1.39 times).
Bansal Wire Industries: The public issue was subscribed to times 1.76 on day 1. The bids were led by institutional investors (0.01 times), non-institutional investors (2.44 times), retail investors (2.47 times).
Bulk Deals
Ideaforge Technology: Think India Opportunities Master Fund LP sold 2.23 lakh shares (0.52%) at Rs 796.6 apiece.
Yatharth Hospital & Trauma Care Services: Plutus Wealth Management sold 25 lakh shares (2.91%) at Rs 405.07 apiece, while ICICI Prudential Mutual Fund bought 20 lakh shares (2.32%) at Rs 405 apiece.
Trading Tweaks
Price band Changes from 10% to 5%: Zen Technologies.
Price band Changes from 20% to 10%: Allied Digital Services, GM Breweries.
Ex/record Dividend: Tide Water Oil, Tata Power, Solar Industries, SKF India, Balaji Amines.
Ex/record AGM: Vedanta, Laurus Labs, Solar Industries India, Balaji Amines.
Ex/record Buyback: eClerx Services.
Moved in short-term Framework: DCX Systems, JK Paper, Nirman Agri Genetics.
Moved out short-term Framework: Cellecor Gadgets, Exicom Tele-Systems, Omaxe.
F&O BAN
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