IGI Logo

Market Updates

The Markets are expected to open marginally higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 10 points higher at 21,741on Monday

Tata Motors:

The carmaker reported December passenger vehicle sales at 1.38 lakh units, up 5% YoY; commercial vehicle sales at 34,180 units, up 1% YoY; and domestic sales at 76,138 units, up 4.3% YoY.

TVS Motor:

The company recorded December vehicle sales at 3.02 lakh units, up 25% YoY; two?wheeler sales at 2.9 lakh units, up 27% YoY; and three?wheeler sales at 11,834 units, down 17.5% YoY. The company's motorcycle sales were at 1.48 lakh units, up 19% YoY and electronic vehicle sales were at 11,232 units, up 1.5% YoY.

Eicher Motors:

The company recorded December motorcycle sales at 63,387 units, down 7% YoY and motorcycle exports at 6,096 units, down 29% YoY.

Life Insurance Corp:

The company increased its stake in Asian Paints from 4.995% to 5%. It also received a demand order cum penalty notice worth Rs 806.3 crore from Maharashtra tax authorities. The company will file an appeal before the Commissioner of Appeals, Mumbai, against the demand order.

Hindustan Unilever:

The company received a GST demand notice from five different states amounting to nearly Rs 450 crore.

Gensol Engineering:

The company approved raising funds up to Rs 300 crore via qualified institutional placement.

SJVN:

The company has received approval from the Department of Investment and Public Asset Management to set up four joint venture companies with the Ministry of Power.

Coal India:

The company recorded coal production at 71.9 MMT, up 8.2% YoY for December month and coal production at 531.9 MMT, up 11% YoY for 9 months.

Bharat Heavy Electricals:

That company has clarified that it still has not bagged the order worth Rs 19,400 crore from NLC India.

Religare Enterprises:

The company received GST demands of Rs 35.92 crore and a penalty of Rs 3.59 crore from the Principal Commissioner, Central Goods and Service Tax, and the Central Excise Commissionerate of Chandigarh.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM000012740