Stocks In News On 6th October, 2020

Stocks In News

HDFC Bank Q2FY21 Business Update
Advances grew 16% YoY & 3.4% QoQ to Rs. 10.37 Lac Cr
Deposits grew by 20% YoY & 3.3% QoQ to Rs. 12.29 Lac Cr
CASA ratio improved to 42.0% from 39.3% YoY & 40.1% QoQ

HFDC Q2FY21 Business Update
Individual loan approvals rose 31% year-on-year, total loan disbursals to individual borrowers rose 11% and loan applications gained 12%
HDFC assigned loans worth Rs 3,026 crore to HDFC Bank
Gross income down 70% to Rs 323 crore

Indusind Bank Q2FY21 Business Update
Advances grew 2% YoY & 1% QoQ to Rs. 2.00 Lac Cr
Deposits grew by 10% YoY & 8% QoQ to Rs. 2.28 Lac Cr
CASA ratio was at 40.4% vs 41.4% YoY & 40.1% QoQ

Tata Motors
JLR Retail Sales for Sep qtr were at 1,13,569 units vs QoQ 74,067 units (+53%) & YoY 1,28,953 units (-12%)
JLR China sales were up 14.6% on the prior quarter and 3.7% year-on-year
September also saw sales up 28.5% year-on-year in China

Britannia
Board approved issue of Redeemable Non convertible Debenture of Rs.29 paid up as bonus issue in the ratio of 1:1 and Rs.12.5 as dividend per share

CreditAccess Grameen
Launched QIP Issue at Rs 707.69 per share on Oct. 5
QIP floor price is at a discount of 5.3% to the closing prices on Oct. 5
Company may offer a discount of not more than 5% on the floor price
Panel is scheduled to meet on Oct. 8 to consider the date of closing QIP and issue price for sale

Majesco
To consider share buyback on Oct. 8

Infibeam Avenues
Entered into definitive agreement with Jio Platforms its affiliates, to license, customise, maintain and access the company’s enterprise e-commerce software and payments platform for their business use

Sobha Sept. Quarter Update
Total new sales down 14% at 891,700 square feet, on a year on year basis
Sales value (Sobha) down 5.4% at Rs 530.9 crore
Average price realization up 17.5% at Rs 7,737 per square feet
No new launches were there in the quarter

Gujarat Pipavav Port Sept. Quarter Update
Container cargo volume down 25% at 168,000 TEUs

Escorts
Completed the acquisition of 2 crore equity shares of KAI from KBT, constituting 40% of the share capital of KAI at Rs 45 per share for an aggregate value of Rs 90 crore

Majesco
To consider a proposal for buyback of fully paid-up equity shares on October 8

Indo Rama Synthetics
Promoter Urmila Lohia to sell up to 1.76 crore shares (6.72% stake) at a floor Price of Rs 24 per share for Rs 42.12 crore via offer for sale
Floor price is at a discount of 3.6% to closing prices as on Oct. 5
OFS For Non-Retail Investors on Oct. 6, for Retail Investors on Oct. 7 and promoters stake to come down from 81.72% to 75%

PVR
Board issued NCDs worth Rs 50 crore

VA Tech Wabag
Company’s recent fund raising would be used to meet its working capital needs, as the company doesn’t want to increase debt and has to cater to an order book of Rs 11,100 crore
Company had issued 75 lakh shares worth Rs 120 crore on a preferential basis to investors including Rekha Rakesh Jhujjhunwala
(Bloomberg News)

Gujarat State Fertilizers
To manufacture calcium nitrate with an initial capacity of 10,000 MTPA
Expects to add Rs 20 crore to the toppling and 7-8% in profit addition
Capacity is expected to expand to 30,000 MTPA in next 12 months

Orissa Minerals Development
Admitted to Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, as per NCLT Kolkata’s order

Deepak Fertilizers And Petrochemicals
Wholly owned arm Smartchem Tech raised Rs 105 crore via debentures from International Finance Corporation

Anant Raj
Ex-Date Demerger

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