The Markets are expected to open lower today as trend in SGX nifty indicate a negative start - Arete Securities
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The Markets are expected to open lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 107 points higher at 19,653 on friday
Titan Company:
The company reported a 20% YoY increase in its standalone revenue, and its emerging businesses saw sales growth of 29% YoY. While the watches and wearables saw sales growth of 32% YoY, the jewellery division saw sales growth of 19% YoY.
Tata Motors:
JLR Automotive PLC proposes a tender offer for outstanding notes. The offers for notes wil expirel on Oct. 13.
Bank of Baroda:
The lender reported a domestic CASA of Rs 4.28 lakh crore, up 4.43% year over year.Global gross advances and total deposits rose 12.01% and 14.63% year over year, respectively.
Adani Energy Solutions:
The company acquired a 100% stake in Sangod Transmission Service via cash at a face value of Rs 10 apiece.
Prestige Estates Projects:
The company reported sales of Rs 7,093 crore, up 102% year over year.It sold 3,659 units and launched five projects.
Kaynes Technology:
The company announced the setting up of a semiconductor plant in Kongara Kalan, Telangana, with an investment of Rs 2,800 crore.
Indian Energy Exchange:
The company announced plans to acquire a 10% stake in Enviro Enablers India.
Tata Steel:
India business' crude steel output stood at 4.99 million tonnes, up 4% year-on-year. Europe production at 1.99 million tonnes, drops 17% year-on-year due to ongoing relining at one of the blast furnaces in Netherlands.
TVS Motor:
The company on Friday started production in the Tamil Nadu manufacturing plant for CE 02, the company's first electric vehicle that is jointly designed and developed with BMW Motorrad.
IDFC First Bank:
The company approved the allocation of 33.24 crore shares at an issue price of Rs 90.25 apiece.
Biocon:
The pharma company inked a pact with Canada's Juno Pharmaceuticals for commercialising diabetes and obesity-managing devices.
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Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
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