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⚜️BUY BANKNIFTY 52400 PE ABOVE 450
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Bank of Baroda
The bank received board approval for raising additional capital up to Rs 7,500 crore via debt capital instruments, and raising up to Rs 10,000 crore through long-term bonds for financing infrastructure and affordable housing.
Tata Motors
Jaguar Land Rover recorded 5% on-year growth in wholesales at 97,755 units and 9% increase in retail sales at 1.11 lakh units for Q1FY25. Wholesales of Range Rover and Range Rover Sport models increased by 22% and 46% respectively YoY.
NLC India
NLC has emerged as the successful bidder for Machhakata coal mine in Angul, Odisha. This is the second commercial coal mine block in Odisha. The coal mine block has a total coal reserve of 1,377 million tonnes with a peak rated capacity of 30 million tonnes per annum.
JM Financial
The board has given its approval for the acquisition of a 42.99% stake in JM Financial Credit Solutions (JMFCSL) by JM Financial for Rs 1,282 crore, and acquisition of a 71.79% stake in JM Financial Asset Reconstruction Company (JMFARC) by JMFCSL from JM Financial for Rs 856 crore. Post transaction, the stake held by JM Financial in JMFCSL will increase to 89.67% and JMFCSL's stake in JMFARC will increase to 81.77%.
Infosys
Hemant Lamba has resigned as Executive Vice President and Global Head – Strategic Sales of the IT services company.
and 16.76% of the expanded capital of Cigniti, at Rs 1,398.50 per share. With this, the company holds 27.98% of the current paid-up share capital and 27.73% of the expanded capital of Cigniti.
PC Jeweller
Punjab National Bank has approved the company's one-time settlement proposal to settle the outstanding dues. The conditions of the one-time settlement include the cash and equity components payable under the settlement, and the release of securities and mortgaged properties.
