Market Commentary - Stock Alert
ASK Automotive, Asian Paints, Grasim, Biocon in spotlight As on : 15-Nov-23  08:57

ASK Automotive: Shares of the company will debut on the bourses today, 15 November 2023. The issue price is Rs 282 per share.

Asian Paints: The original installed production capacity of the Khandala plant has been increased to 4,00,000 KL per annum in order to meet the medium-term capacity requirements of the company. An amount of Rs. 385 crore (approx.) has been invested by the company towards the above increase in installed capacity and the same has been funded through internal accruals.

Grasim Industries: Grasim Industries reported 6% rise in consolidated net profit of Rs 1164 in Q2 FY24 from net profit of Rs 1097 crore in Q2 FY23. Revenue increased 10% rise in total income to Rs 30221 crore in Q2 FY24 from Rs 27486 crore in Q2 FY23.

Biocon: Biocon said that its subsidiary Biocon Biologics has received marketing authorization from MHRA, Medicines and Healthcare products Regulatory Agency in the UK, for YESAFILI, a biosimilar of Aflibercept.

PVR Inox: PVR Inox said that it has opened 10 screens across 2 new multiplexes with 6-screens in Mumbai and 4-screens in Bhubaneswar on Monday (13 November 2023).

PTC Industries: PTC Industries stated that the company has signed a multi-year contract with the Safran Aircraft Engines to develop industrial cooperation for LEAP engines casting parts.

Jaiprakash Associates: Jaiprakash Associates alongwith Trusts holding 18,93,16,992 equity shares of the company have entered into a settlement agreement with ICICI Bank (Lender) to transfer the shares to Lender.

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