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
