Stocks to Watch: Eicher Motors, Bharat Electronics, Tata Motors, Adani Ports, and Others

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Stocks to Watch: Eicher Motors, Bharat Electronics, Tata Motors, Adani Ports, and Others


The Nifty futures contract traded on the Singapore Exchange signifies a optimistic begin to home equities. The contract was buying and selling at 17,442.50, up 25 factors or 0.14% from the earlier shut.

Adani Ports and Special Economic Zone Ltd

The Adani group firm has accomplished the acquisition of Karaikal Port Pvt Ltd (KPPL) after National Company Law Tribunal (NCLT) approval for Rs 1,485 crore.

Eicher Motors Ltd

The auto firm reported a 6.73 % rise within the gross sales of its motorbike, Royal Enfield at 72,235 bikes in March 2023 as in opposition to 67,677 bikes bought throughout the identical interval final yr. For the monetary yr ended March 2023, Royal Enfield gross sales rose by 39 % to 8,34,895 bikes, its highest ever total gross sales in historical past.

Maruti Suzuki India Ltd

The carmaker posted its highest-ever whole gross sales of 1,966,164 items for the monetary yr 2023. Maruti Suzuki additional added that it bought 170,071 passenger automobiles (PVs) in March 2023, 324 items lower than the identical interval a yr in the past.

Hero MotoCorp Ltd

The bikes and scooters maker bought 519,342 items in March 2023, 15 % progress in gross sales over the year-ago interval. The homegrown firm surpassed 5.3 million unit gross sales within the monetary yr 2023. The firm bought 53,28,546 items within the monetary yr, a eight % rise from the earlier yr.

Tata Motors Ltd

The Tata group firm mentioned its whole home wholesales rose by three % to 89,351 items within the month of March in opposition to the corresponding interval an yr in the past. The firm bought 86,718 items in March 2022. In the monetary yr 2023, the corporate bought 9,31,957 items within the home market, a 35 % bounce over the monetary yr 2022.

CSB Bank Ltd

The lender reported a 21.39 % rise within the whole deposits for the quarter ended March 2023. The deposits got here at Rs 24,505.8 crore in opposition to Rs 20,188.3 crore within the year-ago interval. The CASA and time period deposits elevated 16.06 and 24.09 %, respectively. The gross advance jumped 30.28 % to Rs 20,841.66 crore.

Karnataka Bank Ltd

The lender reported a 8.71 % rise to Rs 28,807.04 in CASA for the quarter ended March 31, 2023. The financial institution’s mixture deposits rose 8.69 % whereas the gross advances elevated 6.16 %.

SpiceJet Ltd

The airline entered a enterprise switch settlement with subsidiary SpiceXpress and Logistics Private Ltd for switch of its cargo enterprise on stoop sale foundation.

Bharat Electronics Ltd

The defence PSU has achieved a turnover of about Rs 17,300 crore throughout the monetary yr 2022-23, 15 % greater from the earlier yr’s turnover of Rs 15,044 crore. As of April 1, 2023, BEL’s order ebook is round Rs 60,500 crore.

UltraTech Cement Ltd | The firm’s whole consolidated gross sales quantity rose 12 % within the fiscal yr 2022-23 to 105.7 MT. The total gross sales within the quarter ended March 2023 got here at 31.7 MT, 14 % up from the year-ago interval.

Godrej Properties Ltd | The actual property arm of the Godrej group mentioned it has acquired 4 acres of land close to Koregaon Park, Pune for improvement of a luxurious housing undertaking. The proposed undertaking has an estimated income potential of round Rs 1,000 crore.

Dilip Buildcon Ltd | The development firm has obtained letter of acceptance for improvement of six-lane entry managed greenfield freeway in Andhra Pradesh for Rs 780.12 crore from the National Highways Authority of India.

Disclaimer:Disclaimer: The views and funding suggestions by specialists on this News18.com report are their very own and not these of the web site or its administration. Users are suggested to verify with licensed specialists earlier than taking any funding choices.

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