Stocks in News: 2nd January 2024

1. TVS Motor Company:
– Monthly sales: 3,01,898 units in Dec 2023, 25% YoY growth.
– Exports: 8% YoY growth, totaling 85,391 units in Dec 2023.

2. Nestle India:
– Tax demand: Rs 46.4 crore under CGST/SGST Act.

3. Tata Steel:
– Amalgamation scheme sanctioned by NCLT Kolkata.

4. Bharti Airtel:
– Subsidiary acquires 97.1% stake in Beetel Teletech.

5. Coal India:
– Dec 2023 coal production: 8.2% YoY increase.
– Apr–Dec 2023 production: 11% YoY growth.

6. SJVN:
– Forming JVs for hydroelectric and renewable projects.

7. Eicher Motors:
– Royal Enfield sales: 63,387 motorcycles in Dec 2023, down 7%.

8. LIC:
– GST demand order: Rs 806.3 crore for Maharashtra state.

9. Asian Paints:
– LIC increases shareholding to 5%.

10. Zydus Wellness:
– Order for alleged short payment: Rs 19.03 crore.

11. Sheela Foam:
– New order drops most demands, confirms Rs 3,25,100 demand.

12. APL Apollo Tubes:
– Q3 FY24 sales volume: 6,03,659 metric tons.

13. UltraTech Cement:
– 6% YoY growth in consolidated sales volume.

14. TVS Srichakra:
– Tax demand: Rs 9.94 crore from Joint Commissioner.

15. South Indian Bank:
– Q3 FY24 gross advances: 10.83% YoY growth.

16. Minda Corporation:
– Order for GST demand: Rs 67.82 crore.

17. G R Infraprojects:
– Letter of Intent for power evacuation in Rajgarh.

18. Power Grid Corporation:
– Successful bidder for inter-state transmission system.

19. Gensol Engineering:
– Board approval to raise funds up to Rs 300 crore.

20. Surya Roshni:
– Lighting and consumer durable segment debt-free.

21. Dhanlaxmi Bank:
– Q3 FY24 deposits: 10.6% YoY growth, advances: 11.9%.

22. Kirloskar Pneumatic:
– VP Corporate Finance succession effective January 2.

23. SRF:
– Commissioning of aluminum foil manufacturing facility.

24. RITES:
– Chief Strategy Officer relieved, joins MSTC.

25. NRB Bearings:
– CFO resignation effective Dec 31, 2023.

26. Kernex Microsystems:
– JV receives Rs 109.46 crore order from South Central Railway.

27. JTL Industries:
– Highest-ever quarterly sales volume in Q3 FY24: 1,00,905 MT.

28. Veerhealth Care:
– Preliminary sample export order worth $50,000.

29. AIK Pipes and Polymers:
– Equity shares to be listed on BSE SME on Jan 2.

30. Alembic Pharmaceuticals:
– USFDA approval for various products in Q4 FY23.

31. Religare Enterprises:
– Tax demand: Rs 35.92 crore for subsidiary CHIL.

32. Hindustan Unilever: Company Receives Tax Notices Amounting to INR 4.5 Billion with Negligible Impact on Operations.