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Market Updates

The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 109 points lower at 19,528 on tuesday

Maruti Suzuki:

The company received a draft assessment order from the Income Tax Authority amounting to Rs 2,160 crore for FY 2019–20. The company will file objections before the Dispute Resolution Panel.

Nestle India:

The board will meet on Oct. 19 to mull the stock split of shares and the second interim dividend for the year 2023.

Pidilite Industries:

Unit Pidilite MEA Chemicals and Spain-based Corporacion Empresarial Grupo Puma SL incorporated a 50:50 joint venture company in the UAE for the manufacturing of construction chemicals.

Vedanta:

Chairman Anil Agarwal said the company is on course to repay the majority of its $6.4 billion debt in January and August next year. The remaining debt will be repaid via the strategic sale of steel and iron ore companies.

Raymond:

The company will invest nearly Rs 301 crore in unit Ten X Realty in one or more tranches through investments in redeemable preference shares and inter-corporate deposits.

Titagarh Rail Systems:

The company bagged a Rs 857 crore order from Gujarat Metro Rail for manufacturing 72 standard gauge metro cars for Surat Metro.

Strides Pharma:

The company received USFDA approval for Icosapent Ethyl Capsules, a bioequivalent to Vascepa of Amarin, with a market size of $1.3 billion per IQVIA.

Rail Vikas Nigam:

The company bagged a Rs 444 crore order from the Himachal Pradesh government for the development of distribution infrastructure in the north zone, which will be executed within 24 months.

Avenue Supermart:

The standalone revenue for Q2 FY24 was up 18.5% year-on-year at Rs 12,307.72 crore. The total number of stores as of September stood at 336.

APL Apollo Tubes:

The company's Q2 sales volume stood at a record 6.74 lakh metric tonnes, up 12% year-on-year.

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