Key stock updates on February 02, 2024
🔸 TVS Motor
The company reported January sales at 3.39 lakh units, up 23% YoY and motorcycle sales at 1.55 lakh units, up 29% YoY. The company’s EV sales stood at 16,276 units, up 34% YoY and total exports at 69,343 units, up 22% YoY
🔸 Hero MotoCorp
The company reported total sales at 4.33 lakh units, up 22% YoY and exports at 12,664 units, up 75% YoY for January. The company’s motorcycle sales stood at 4.02 lakh units, up 21% YoY
🔸 NMDC
The company reported sales at 4.56 MT up 19% YoY and production at 4.54 MT up 8.1% YoY for January
🔸 Dixon Technologies
Nirupam Sahay resigned from the position of president and chief operating officer with immediate effect
🔸 Sheela Foam Ltd
The Company has completed the sale of a piece of land and building situated at Gautam buddha Nagar Rs. 22 Crores
🔸 Bajaj Electronic
Electronics Mart India Limited has commenced the commercial operation of two new Multi Brand Stores under the brand name ‘BAJAJ ELECTRONICS’ on 1st February 2024
🔸 Tata Consumer
The Board of Directors of the Company, to acquire 100% of the issued equity share capital of Capital Foods Private Limited in a phased manner
🔸 Bata
The Board of Directors of the company accorded its in‐principle approval for monetizing the Company’s freehold industrial land admeasuring approximately 11.54 acres situated in Faridabad
🔸Firstsource Solution
The company Debuts on Dow Jones Sustainability Index with a 96th Percentile Rating
🔸 MGL
The Company has acquired 100% equity shares of Unison Enviro Private Limited (UEPL) through purchase of shares from its existing shareholders at a cash consideration of Rs. 562.09 Crore Accordingly, UEPL has become Wholly-Owned Subsidiary of the Company
🔸 FSN E-Commerce Ventures
The company will invest $2.5 million into Nysaa Beauty LLC for operational support
