Stock Updates

STOCK UPDATES

RELIANCE : Reliance Asteria gets 'Micro Category' Drone certification

Ujjivan Finance Bank has published all parameters of its results:-

- Loan growth at 44%

-Deposit growth at 45%

-Gross NPAs down to 4.4%

-Portfolio at Risk down to 6.4%

-Collection efficiency upwards of 107%

VENUSPIPES : Set to expand its capacity to 33.6ktpa from 12ktpa, over 2.8x increase by Q1FY24 and become 2nd largest SS pipe producer in India. Backward integration will enable cost saving of net 25,000-35,000/t. Management confident of growing at 40% CAGR post FY23.

LODHA : achieved its best ever Q2 pre-sales performance of 3,148Cr showing a growth of 57% on a  YoY basis. H1 sales totaled to 6,004Cr which is ~52% of full year guidance of 11,500Cr. Added 4 new projects having ~2.2 million sq. ft. of saleable area with GDV of ~3,100C

Jet Airways issues clarification on reports of signing pact with Avolon for the lease of A320 aircraft, Jet Airways says have not finalised or entered into any arrangement related to aircrafts.

Titan Q2 Biz Update : Jewellery division grew 18% YoY on a high base of Q2FY22 that had elements of pent-up demand. Watches & Wearables Grew 20% YoY, clocking its highest quarterly revenue. Eye Care saw overall 7% YoY growth for the division.

MaidenPharma In The Dock Over 66 Child Deaths In Gambia | Union Health Ministry shares tentative results received by WHO, WHO will share it with the Indian Regulator which is yet to be done, Exact one to one causal relation of death has not yet been provided by WHO to CDSCO.

SBI Cards appoints Rashmi Mohanty as Chief Financial Officer w.e.f. Oct 21.

MAP MY INDIA: C.E. Info Systems Limited (MapmyIndia) pertaining to launch of 'The Ramayan Maps' as part of an initiative to help people connect better with India's heritage and culture through the lens of maps.

Airtel 5G Plus, is now live in 8 cities, All of urban India to be covered in 2023 making this one of the fastest roll-outs. Airtel 5G Plus promises to give massive speeds, best voice experience, will work on all 5G smart phones and be kinder to the environment. Customers can enjoy 5G services on their existing data plans until roll-out is complete. No SIM change needed; existing Airtel 4G SIM is 5G enabled. Customers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will start enjoying the cutting edge Airtel 5G Plus services in a phased manner as the company continues to construct its network and complete the roll out. Customers who have 5G smart phones will enjoy the high speed Airtel 5G Plus on their existing data plans until the roll out is more widespread.

NYKAA : Nykaa signs strategic partnership with Middle East-based retailer Apparel Group. Nykaa & Apparel Group will launch a new multi-brand retailer online & offline in Gulf Cooperation Council (GCC) region. Nykaa to hold 55%, Apparel Group 45% Multi-brand retailer to initially operate in the Beauty & Personal Care (BPC) segment.

ApparelGroup has 78+ brands across 14 countries incl Aldo, Bath & Body Works, Calvin Klein, Charles & Keith, etc

Apparel Group India runs:

Aldo

Bath & Body Works

Beverly Hills Polo Club

Charles & Keith

Inglot

R&B

Victoria Secret 

La Senza

Falguni Nayar says it's too early to talk about initial investment from both partners, "Investment won't be significant initially," she adds.