Market Commentary - Stock Alert
Adani group stocks, Hero MotoCorp, Coal India, Avenue Supermarts in focus As on : 03-Jan-24  08:55

Adani group stocks: The Supreme Court will today pronounce the judgment in a batch of petitions filed on the Adani-Hindenburg issue. SC will on Wednesday reportedly pronounce judgement on a batch of petitions seeking court-monitored investigation into the allegations made by made by US-based firm Hindenburg Research against the Adani group of companies regarding violations of the stock market.

Hero MotoCorp: Hero MotoCorp dispatched 393,952 units of motorcycles and scooters in December 2023. The company sold 394,179 units in December 2022.

Coal India (CIL): CIL supplied an all-time high volume of 98 million tonnes (mts) to non-regulated sector (NRS) consumers till December FY 2024. This converts to a whopping 23 mt increase with 31% growth over 75 mts of same period last fiscal.

Avenue Supermarts: The company's standalone revenue from operations for the quarter ended (QE) 31 December 2023 stood at Rs 13,247.33 crore. Revenue from operations for the quarter ended (QE) 31 December 2023 stood at Rs 11,304.58 crore.

Sun Pharmaceutical Industries: The company has acquired 100% of shares of Libra Merger., a company incorporated in Israel to facilitate consolidation of business in Israel.

RVNL: KRDCL-RVNL JV has received Letter of Acceptance for major upgradation/redevelopment of Varkala Sivagiri Railway Station. The project cost is Rs 123.36 crore.

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