Market Commentary - Stock Alert
TVS Motor, InterGlobe Aviation, Welspun Corp, Shalby in focus As on : 23-Nov-23  08:48

TVS Motor Company: The company announced its entry into Vietnam in collaboration with Minh Long Motors ? its distribution partner. TVS Motor Company will offer a range of scooters and underbone motorcycles, across multiple price points, in keeping with its commitment to responsible and sustainable mobility.

InterGlobe Aviation: The company has received orders from the Commissioner of Income Tax Appeals for the Assessment year 2016-17 and 2017-18. A demand of Rs 739.6 crore (AY 2016-17) and Rs 927 crore (AY 2017-18) was raised by the Assessing officer, against which the company had preferred appeal before Commissioner of Income Tax -Appeals.

C.E. Info Systems: A meeting of the board of directors of the company is scheduled on 27 November 2023 to consider and approve the proposal of raising the funds by way of issuance of equity shares through permissible modes including but not limited to a private placement, a qualified institutions placement, preferential issue or any other method or combination of methods.

Welspun Corp: Welspun Corp said that its wholly owned subsidiary, Sintex BAPL has got Odisha Government?s nod for its proposal to invest Rs 479.47 crore for establishing a manufacturing unit for CPVC, UPVC, SWR, Agri Pipes, PVC fittings and Plastic tanks with annual capacity of 37,520 MT in Sambalpur, Odisha.

Honasa Consumer: The company announced Q2FY24 results. The company delivered Rs 496 crore revenue from operations with 21% YoY growth. EBITDA was at Rs 40 crore (+53% YoY growth) and PAT was at Rs 29 crore (+94% YoY growth).

Mukta Arts: Mukta A2 Multiplex W.L.L., a subsidiary company in Bahrain has entered into an agreement with Saudi Arabia-based Al-Othaim Investment Company to establish and operate cinemas across the Kingdom of Saudi Arabia.

Shalby: The company has executed the Amendment Agreement to the Operation and Management Agreement with The Santacruz Residents Association and Bhikhubai Chandulal Jalundwala General Hospital (BCJ) to enable the company for execution of the project (construction of New hospital building) at Santacruz, Mumbai. The company will construct 175 beded new hospital at Santacruz, Mumbai.

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