Market Commentary - Stock Alert
Maruti Suzuki, TCS, Avenue Supermarts, JK Cement in focus As on : 28-Nov-23  08:30

Maruti Suzuki India: The company has planned to increase the prices of its cars in January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices. While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market.

Tata Consultancy Services (TCS): TCS has launched its AWS generative AI practice, to help customers harness the full potential of AI and AWS generative AI services to transform different parts of their value chain and achieve superior business outcomes.

Avenue Supermarts: The company has opened a new store at Nizampet, Telangana. The total number of stores as on date stands at 339.

PNB Housing Finance: PNB Housing Finance said that its board has approved for issuance of non?convertible debentures (NCDs) up to Rs 3,500 crore, in tranches over the next six months.

JK Cement: The cement maker informed that its unit JK Cement Works in Ujjain has successfully commenced cement grinding capacity of 1.5 million TPA on 25 November 2023.

PB Fintech: PB Fintech said that it has made further investment of Rs 349.99 crore in its wholly owned subsidiary, Policybazaar Insurance Brokers.

Newgen Software Technologies: Newgen Software Technologies announced that its board has approved to issue 1 bonus equity shares for each share held. The company has set record date as on Friday, 12 January 2024.

Indo Amines: The chemical manufacturing company said that its subsidiary Indo Speciality Chemicals has received environment clearance for enhancing production capacity of ?synthetic organic chemical? at its manufacturing unit situated at Mahad, Maharashtra.

Cello World: Cello World reported 5.23% increase in consolidated net profit to Rs 86.58 crore in Q2 FY24 as compared with Rs 82.28 crore posted in previous quarter same fiscal. Revenue from operations jumped 3.64% to Rs 488.96 crore in Q2 FY24 as compared with Rs 471.77 crore posted in Q1 FY24.

SJVN: The company said that it has commenced the commercial energy generation from the project and it is now able to supply the renewable energy. The first unit of 30 MW capacity of 60 MW Naitwar Mori Hydro Electric Project (NMHEP) in Uttarakhand has achieved the commercial operation date (COD).

Vascon Engineers: The civil construction company announced that its board will meet on Thursday, 30 November 2023 to consider fund raising by issuing equity shares or any other eligible securities.

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