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Market Commentary - Stock Alert
Hero MotoCorp, Tata Power, MCX, Lemon Tree Hotels in focus As on : 04-Dec-23 08:43
Hero MotoCorp: The two-wheeler major's total sales jumped 25.61% to 491,050 units in November 2023 as compared with 390,932 units sold in November 2022.
Tata Power: Tata Power has secured the bid to acquire Bikaner-III Neemrana-II Transmission, a project special purpose vehicle (SPV) established by PFC Consulting. The project's estimated cost is Rs 1,544 crore and will be developed on Build-Own-Operate-Transfer (BOOT) basis.
Multi Commodity Exchange of India (MCX): MCX said that Mithun Nayak has joined as deputy chief technology officer (CTO) with effect from 1 December 2023. Alkem Laboratories: Alkem Laboratories said that US Food and Drug Administration (USFDA) had conducted an inspection at its API manufacturing facility located at Mandva, Gujarat.
Salasar Techno Engineering (STEL): The company said that it has received an order worth Rs 364 crore from Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to enhance power infrastructure in erode district of Tamil Nadu.
Strides Pharma Science: Strides Pharma Science said that it has partnered with Amneal Pharmaceuticals to launch Icosapent ethyl acid soft gel capsules.
Brigade Enterprises: Brigade Enterprises announced the launch of Brigade Sanctuary, a residential project. Spread across 14 acres, Brigade Sanctuary is a joint development comprising 1275 units and has a gross revenue potential of Rs 2,000 crore. The total development area will be around 2 million sq. ft.
Ask Automotive: Ask Automotive reported 15.32% decline in consolidated net profit to Rs 41.24 crore in Q2 FY24 as compared with Rs 48.70 crore in Q2 FY23. Revenue from operations increased 6.45% YoY to Rs 793.86 crore in Q2 FY24.
Lemon Tree Hotels: The company announced the opening of Lemon Tree Hotel, Dapoli. This is the tenth property of the group in Maharashtra. Dapoli is a popular beach destination in the South Konkan region of Maharashtra.
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