Shares of Bajaj Auto fell by 5% to its day’s low of Rs 9,401 on the BSE after the company on Monday posted its October sales number reporting merely a 2% YoY rise to 4,79,707 units.The total number of vehicles sold was reported at 4,71,188 units in October 2023.The company reported its domestic sales figure for the 2-wheeler segment at 2,55,909 units, which has declined by 8% on a yoy.
Open FlipNCC announced the acquisition of contracts totaling ₹3,496 Crore in October 2024, as reported in its filing on Friday, November 1. The company received these contracts from various central and state government agencies, as well as private organizations, showcasing its multi-sector expertise. At the time of writing on November 4, 2024 at 10:20 am, shares of NCC Ltd is trading at ₹310.25.
Open FlipAdani Ports and Special Economic Zone Ltd (APSEZ) on Monday, November 4, reported handling 37.9 million metric tonne (MMT) of cargo in October 2024, maintaining its trajectory toward its annual cargo volume targets. The October performance supports Adani Port's year-to-date (YTD) cargo volume of 257.7 MMT, an 8% growth compared to the same period last year, the company said in a stock exchange.
Open FlipSBI Card, India’s second-largest credit card issuer, is facing significant headwinds as profitability shrinks and competition intensifies. In the quarter ended September 2024, the company posted a 32.9% drop in net profit, down to ₹404.42 crore from ₹602.98 crore in the same period last year. Finance costs surged 30% year-over-year to ₹788 crore, attributed to higher receivables.
Open FlipAfcons Infrastructure was listed at Rs 426 on the National Stock Exchange, a discount of 8% to the issue price. Shapoorji Pallonji Group’s company’s IPO opened on October 25 and raised Rs 5,430 crore through fresh shares as well as an offer for sale. The IPO bidding closed on October 29. The allotment of shares was finalised on October 30.
Open FlipShares of Azad Engineering, a leading manufacturer of aerospace components and turbines, surged 14.3% to ₹1,670 apiece in early trade today, November 4, after securing a significant order.On Sunday, the company announced via an exchange filing that it had signed a Long-Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI), Japan.
Open FlipTata Motors’ share price was slumping on Monday morning as Mahindra and Mahindra continued to outsell the Tata Group auto manufacturer for the second straight month, maintaining its position as the third-largest passenger car player in the country. What Happened: However, analysts at Morgan Stanley remain upbeat about the stock’s performance. Morgan Stanley maintained its “equal weight” rating.
Open FlipShares of car maker Mahindra & Mahindra jumped nearly 4% after brokerages were bullish on the company following the release of its October sales data. What Happened: The company sold a total of 96,648 vehicles in October across domestic and international markets, surpassing analysts’ estimates. Of these, 93,142 vehicles were sold in the domestic market, while 3,506 vehicles were exported.
Open FlipShares of NBCC (India) are likely to remain in focus after the company announced that it has won 3 orders in its normal course of business amounting to a total of Rs 235.46 crore. The company has received an order for the construction of a multipurpose examination hall cum innovation centre from Mahatma Gandhi Kashi Vidyapith University Varanasi worth Rs 44 crore.
Open FlipShares of Gensol Engineering were on the rise on Monday morning. What Happened: The solar engineering procurement and construction (EPC) company said it won a large project from a public sector utility in Maharashtra. Under the project, the company will develop a 150-megawatt alternating current ground-mounted solar photovoltaic (PV) power plant with a total contract value of ₹780.
Open FlipGensol Engineering on Sunday, November 3, said it has bagged a solar PV project worth ₹780 crore from a leading public utility in Maharashtra. It is a large turnkey engineering, procurement and construction (EPC) order and invovles the development of a 150 MWac ground-mounted solar PV power plant. The same is to be executed over 15 months.
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Open FlipNational stock exchange (NSE), the leading stock exchange in India, completed 30 years on November 3. NSE started its operations in equity segment on Diwali day, 30 years ago on November 3, 1994. Since its launch, NSE has revolutionised India’s capital markets by introducing electronic trading and promoting fairness, efficiency and transparency.
Open FlipShares of Multi Commodity Exchange of India (MCX) Ltd. will be in focus on Monday after the exchange reported a sharp fall in its Average Daily Turnover for the month of October. Average Daily Turnover for the month of October declined to ₹9.36 lakh crore in October, down 21.2% from the ₹12.03 lakh crore figure in September.
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