1 December 2022
FII & DII DATA
FII Net SELL - 1,565.93cr
DII Net BUY - 2,664.98cr
02 December 2022
Stocks In Action, Share Market News
Eicher Motors
The parent company of Royal Enfield recorded 37 percent year-on-year jump (YoY) in total motorcycle sales in November. The company sold 70,766 motorcycles in November 2022, as aganist 51,654 units sold in same month last year, but exports dropped 27 percent YoY to 5,006 motorcycles.
Kotak Mahindra Bank
The private sector lender has allotted 15,000 long term fully paid up non-convertible bonds with a face value of Rs 10 lakh each, on private placement basis. The coupon rate is 7.63% percent per annum and the tenor is 7 years from date of allotment.
Hero MotoCorp
The world's largest manufacturer of two-wheeler sold 3.9 lakh units in November 2022, a growth of 12 percent over the corresponding month of the previous year. The company had sold 3.49 lakh units in November 2021. Hero expects the momentum to build-up in coming quarters on favorable economic indicators, including encouraging farm activity and positive consumer sentiments along with upcoming marriage season.
MAS Financial Services
The financial services company has raised Rs 100 crore via non-convertible debentures (NCDs) as the board of directors approved allotment of 1,000 non-convertible debentures, with a face value of Rs 10 lakh on a private placement basis.
SML Isuzu
The company sold 729 units of cargo and passenger vehicles in November 2022, up 21 percent, as against 603 units sold in same month last year. The financial year-to-date sales at 7,590 units grew by 90 percent YoY.
Bandhan Bank
Plutus Wealth Management LLP bought 0.55 percent stake or 90 lakh shares in the bank at an average price of Rs 235.65 per share
FII & DII DATA
FII Net SELL - 1,565.93cr
DII Net BUY - 2,664.98cr
02 December 2022
Stocks In Action, Share Market News
Eicher Motors
The parent company of Royal Enfield recorded 37 percent year-on-year jump (YoY) in total motorcycle sales in November. The company sold 70,766 motorcycles in November 2022, as aganist 51,654 units sold in same month last year, but exports dropped 27 percent YoY to 5,006 motorcycles.
Kotak Mahindra Bank
The private sector lender has allotted 15,000 long term fully paid up non-convertible bonds with a face value of Rs 10 lakh each, on private placement basis. The coupon rate is 7.63% percent per annum and the tenor is 7 years from date of allotment.
Hero MotoCorp
The world's largest manufacturer of two-wheeler sold 3.9 lakh units in November 2022, a growth of 12 percent over the corresponding month of the previous year. The company had sold 3.49 lakh units in November 2021. Hero expects the momentum to build-up in coming quarters on favorable economic indicators, including encouraging farm activity and positive consumer sentiments along with upcoming marriage season.
MAS Financial Services
The financial services company has raised Rs 100 crore via non-convertible debentures (NCDs) as the board of directors approved allotment of 1,000 non-convertible debentures, with a face value of Rs 10 lakh on a private placement basis.
SML Isuzu
The company sold 729 units of cargo and passenger vehicles in November 2022, up 21 percent, as against 603 units sold in same month last year. The financial year-to-date sales at 7,590 units grew by 90 percent YoY.
Bandhan Bank
Plutus Wealth Management LLP bought 0.55 percent stake or 90 lakh shares in the bank at an average price of Rs 235.65 per share
NMDC
The company said that its iron ore production for November stood at 3.61 million tonnes, as against 3.34 million tonnes in same month last year. Iron ore sales increased to 3.04 million tonnes, from 2.88 million tonnes on year-on-year basis.
Piramal Enterprises
The non-banking finance company has received board approval for allotment of 1000 non-convertible debentures with a face value of Rs 10 lakh, at a further issue price of Rs 10,39,670 per debenture. With this, the company will raise Rs 103.967 crore on private placement basis.
Atul Auto
The three-wheeler maker sold 2,253 units in November 2022, a growth of 67.6 percent over 1,344 units sold in same month last year. The financial year-to-date growth was 62 percent at 15,914 units sold November 2022 YoY.
NLC India
The company has inked a pact with the GRIDCO (Grid Corporation of Odisha) for setting up of ground mounted/floating solar power projects, pumped hydro storage projects, green hydrogen projects and any other renewable projects. This MoU will enable both the parties towards National targets for renewable energy capacity and energy transition goal
Piramal Enterprises
The non-banking finance company has received board approval for allotment of 1000 non-convertible debentures with a face value of Rs 10 lakh, at a further issue price of Rs 10,39,670 per debenture. With this, the company will raise Rs 103.967 crore on private placement basis
Punjab National Bank
The public sector lender has raised Rs 4,000 crore by issuing bonds at a coupon of 7.89 percent per annum on a private placement basis. The bank issued bonds to 18 investors.
Ashiana Housing
The company has entered into an agreement to develop a group housing project at Murlipura, in Rajasthan. The approximate saleable area is 4 lakh square feet
Orchid Pharma
The company said its board has approved qualified institutional placement (QIP) issue to raise Rs 500 crore. With this QIP placement, the Dhanuka group, which took over the company in 2018, is also meeting its mandatory obligation to dilute 15 percent stake in Orchid Pharma by March 2023.
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