India Today News Flash

Stocks to Keep an Eye on: Torrent Pharma, Dabur, Grasim, RBL Bank, Coforge, and Lupin

<p><strong>Stocks To Monitor On January 5:</strong> The GIFT Nifty on the NSE IX down 9 points, or 0.04 percent, to 21,770, indicating that Dalal Street will likely have a quiet Friday morning. These are a number of equities that will be watched closely today for different reasons.</p>
<p><img decoding=”async” class=”alignnone wp-image-339167″ src=”” alt=” stocks to keep an eye on torrent pharma dabur grasim rbl bank coforge and lupin tr” width=”1633″ height=”707″ title=”Stocks to Keep an Eye on: Torrent Pharma, Dabur, Grasim, RBL Bank, Coforge, and Lupin 3″ srcset=” 700w,×65.jpg 150w” sizes=”(max-width: 1633px) 100vw, 1633px” /></p>
<p><strong>Dabur India:</strong> Given that price growth remained muted and demand for its consumer products in rural areas continued to lag behind that of urban areas, Dabur India anticipates mid- to high-single-digit increase in its consolidated revenue for the quarter ended December (Q3FY24).</p>
<p>Nonetheless, Dabur anticipates that gross margins would probably increase as a result of cost-cutting measures and moderate inflation.</p>
<p><strong>Sobha:</strong> At Rs 1,952 crore, Sobha Ltd recorded its highest-ever quarterly revenue in Q3FY24. During the quarter, the business introduced two new projects totaling 3.84 million square feet of saleable space.</p>
<p><strong>J&K Bank:</strong> With total business of Rs 2.19 trillion, Jammu and Kashmir Bank recorded a growth in business of 11.80% year over year. To Rs 1.29 trillion, total deposits increased 9 per cent year over year.</p>
<p><strong>Utkarsh SFB:</strong> In Q3FY24, the small finance bank recorded a 31% YoY increase in gross loans, totaling Rs 16,408 crore.</p>
<p><strong>RBL Bank:</strong> In Q3FY24, it reported gross advances of Rs 81,870 crore, up 20% YoY, and total deposits of Rs 92,743 crore, up 13% YoY.</p>
<p><strong>Grasim Industries:</strong> The Board of the business has authorized a Rs 4,000 crore rights issuance to finance funds. The price per share has been fixed at Rs 1,812, which represents an almost 12.5% decrease from the current market price.</p>
<p><strong>Shree Cement:</strong> The business has declared a rebranding initiative, with “Bangur” serving as the new master brand.</p>
<p><strong>Torrent Pharma:</strong> In an effort to expand its global activities, the pharmaceutical business has formed a wholly-owned subsidiary in Colombia called Farmacéutica Torrent Colombia SAS, effective January 3, 2024.</p>
<p><strong>Brightcom Group:</strong> Effective January 2, 2024, Vijay Kancharla has submitted his resignation as the company’s CIO and executive director.</p>
<p><strong>Coforge:</strong> The company’s chief financial officer, Ajay Kalra, resigned from his role to explore other opportunities and personal reasons.</p>
<p><strong>L&T Finance Holdings:</strong> Through the private issue of non-convertible debentures, the business has raised Rs 500 crore. Operationally, it projects that in Q3FY24, the retail loan book will expand by 31% YoY to Rs 74,750 and the retail disbursement would increase by 25% YoY to Rs 14,500 crore. Portfolio realization is estimated to be 91%.</p>
<p>The USFDA has tentatively approved Lupin’s tablets, Saxagliptin and Dapagliflozin.</p>
<p>REC Power Development and Consultancy and the Gujarat government have inked a Memorandum of Understanding for Rs 2,094 crore.</p>
<p>The two new Electric Chetak models, Chetak Premium 2024 and Chetak Urbane 2024, have been introduced by Bajaj Auto.</p>

Related posts

Madhya Pradesh Chief Minister: “Will Increase Ladli Bahna Yojana Aid From Rs 1000 To Rs 3000 Per Month”


Changes To Senior Management Personnel Announced By TCS; Details Here


Laptops, tablets, and PCs are subject to immediate import restrictions, according to the center