30 September 2022
FII & DII DATA
FII Net SELL - 1565.31cr
DII Net BUY - 3245.45cr
03/10/22
Stocks In News
APL Apollo Tubes
The steel tube maker registered the highest quarterly sales volume of 6.02 lakh tonnes in Q2FY23, up 41 percent YoY and growing 42 percent sequentially. The sales volume for first half of FY23 was 10.25 lakh tonnes compared to 8 lakh tonnes in same period last year. In the second half of FY23, the sales volume would get further boost from commissioning and ramp-up of new Raipur plant, the company believes.
Escorts Kubota
Escorts Kubota said its agri machinery segment sold 12,232 tractors in September 2022, registering a growth of 38.7% as against 8,816 tractors sold in same month last year. Domestic tractor sales increased 42.7% to 11,384 units, and export sales grew 0.8% to 848 tractors compared to year-ago month
NIIT
The company expects its CLG (corporate learning group) business to get back to QoQ growth starting Q3FY23 and achieve high single digit YoY growth in FY23. On the other hand, the SNC (skills & careers business) business remains on track and is expected to grow over 50% on a YoY basis in FY23. During the quarter ended September 2022, NIIT continued to win new customers in line with expectations along with maintaining a 100% contract renewals record. In addition, the company has decided to make an investment of $2 million in KNOLSKAPE Solutions, Pte Ltd, Singapore
Stocks Related News
Poonawalla Fincorp
Care Ratings has upgraded the long-term rating of Poonawalla Fincorp and its subsidiary, Poonawalla Housing Finance (PHFL) to 'AAA' with Stable outlook. This rating is applicable for bank loan facilities, non-convertible debentures, market linked debentures and subordinated debt.
Royal Orchid Hotels
Promoter Keshav Baljee sold 3,45,065 equity shares or 1.25% stake in the company via open market transactions at an average price of Rs 274.7 per share.
Bata India
Kanchan Chehal is proposed to take up a Global role with Bata Group, hence he ceased to the whole-time director but would continue to serve the board at Bata India as a non-executive director. In addition, Vidhya Srinivasan has resigned as Director – Finance and Chief Financial Officer of the company to pursue opportunities outside, effective November 12, 2022. For the interim period, Shaibal Sinha, the non-executive non-independent director, has been assigned the responsibility to oversee the finance &accounts functions of the company.
SMK Isuzu
The company sold 752 vehicles in September 2022, up 5 percent compared to 716 vehicles sold in corresponding month last year, while in the current financial year, it sold 6,285 vehicles, a massive growth of 136% compared to 2,659 units in year-ago period.
Coal India
The company said its coal production in September 2022 increased by 12.3% to 45.7 million tonnes, and offtake rose by 1.1% to 48.9 million tonnes compared to same period last month. These are provisional numbers.
Indiabulls Housing Finance
The company has increased its lending rates by 50 bps effective from October 1. The decision came after the RBI raised repo rate by 50 basis points.
Astec Lifesciences
Saurav Bhala has resigned as the 'chief financial officer' of the company to pursue a career opportunity outside the company.
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