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STOCK MARKET UPDATES 04/04/2024




*    Electronics Mart India: The company commenced the commercial operations of a new multi-brand specialized store under the brand name 'AUDIO and BEYOND on April 3.

*    Thomas Cook: The company has inaugurated a new branch in Bhuj, Gujarat, to capitalize on the strong and growing demand from Gujarat.

*    Vodafone Idea: The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis.

*    Vedanta: Vedanta Aluminium has expanded its alumina refining capacity to 3.5 million tonnes per annum.

*    Punjab and Sindh Bank: Arnab Goswamy has been appointed as Chief Financial Officer for 3 years from the date of his joining.

*    L&T Finance Holdings: The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY, and retail disbursements at Rs 15,030 crore, up 33% YoY.

*    Axis Bank: The Competition Commission has approved the proposed infusion of Rs 1,612 crore by the company in Max Life Insurance.

*    KEC International: The company secured orders worth Rs 816 crore across various businesses.

*    GE Power: The company received orders worth Rs 774.9 crore from Jaiprakash Power.

*    Jaiprakash Power: They give two contracts worth ₹774.9 crore to GE Power India.

*    Veranda Learning Solutions: The company's stake has increased to 51% in Tapasya Educational Institutions.

*    Gufic Biosciences: Incorporated a wholly owned subsidiary, "VEIRA LIFE FZE," in Dubai for the marketing, distribution, and sale of pharmaceutical products.

*    Cyient DLM: Ram Dornala ceases to be the chief operating officer of the company effective today.

*    Avenue Supermart: The company's standalone revenue from operations stood at Rs 12,393.5 crore, up 19.9% YoY for the fourth quarter. The total number of stores was 365 as of March 31.

*    Royal Orchid Hotels: The company's arm signed an agreement with Masa Hotels for running and operating HOTEL MASA, which has 300 keys, a restaurant, a bar, banquet halls, and meeting rooms.

*    Brigade Enterprises: The company signed a joint development agreement with United Oxygen to develop a 'Grade A' office space with a leasable area of 3.0 lakh square feet. The project has a gross development value of around Rs 340 crore.

*    RBL Bank: The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31, and gross advances at Rs 85,640 crore, up 5% YoY.

*    Suryoday Small Finance Bank: The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY, and total deposits at Rs 7,775 crore, up 50% YoY.

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