Market Commentary - Stock Alert
Auto stocks, NHPC, Aster DM Healthcare, Paras Defence in focus As on : 02-Jun-23  08:29

Tata Motors: Sales in the domestic & international market for May 2023 stood at 74,973 vehicles, compared to 76,210 units during May 2022.

Hero MotoCorp: The company sold 519,474 units in May 2023, a growth of 7% over the corresponding month of May 2022, when the company had sold 486,704 units.

TVS Motor Company: The company registered a sales growth of 9% increasing from 302,982 units in May 2022 to 330,609 units in May 2023.

Eicher Motors: The company's total motorcycles sales rose 22% to 77,461 units in May 2023 from 63,643 units sold in May 2022.

NHPC: NHPC has entered into a Memorandum of Understanding (MoU) with Vidhyut Utpadan Company Limited (VUCL), Nepal for joint development of Phukot Karnali HE Project (480 MW), which is a run of the river hydropower project situated in Kalikot district of Karnali Province, Nepal.

Aster DM Healthcare: The company has entered into Hospital Operation and Management Agreement with Padmavathy Medical Foundation (PMF). PMF is a 130-bed tertiary super specialty hospital situated in Sasthamkotta, Kollam District, Kerala.

Paras Defence and Space Technologies: The company has entered into a Joint Venture Agreement with CONTROP Precision Technologies, Israel, with the purpose of undertaking business of manufacturing EO/IR Systems for various applications in accordance with the Government of India's Make in India initiative.

Aditya Birla Capital (ABCL): ABCL announced that its board of directors approved preferential issuance of Rs 1,250 crore to its Promoter and Promoter Group entity, out of the total approved equity fund raise of upto Rs. 3,000 crore. The preferential issuance will be undertaken at the price of Rs. 165.1 per equity share.

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