SpiceJet has settled the of payment of Rs 100 crore to City Union Bank.
The last tranche of Rs 25 crore was paid on 30 June, closing the loan account which was taken in 2012.
The repayment releases all securities that had been pledged with the bank.
Source: Press release
IIFL Finance has raised $175 million through external commercial borrowing in June, 2023.
The company has received $75 million from HSBC, $50 million from Sydney's Union Bank, and $50 million from Bank of Baroda's IFSC unit.
Source: Exchange filing
The broader market indices were trading higher; the S&P BSE MidCap Index was up 0.30%, whereas S&P BSE SmallCap Index was 0.59% higher.
Thirteen out of the 19 sectors compiled by BSE advanced with S&P BSE Energy gaining the most. Six sectors declined.
The market breadth was skewed in the favour of the buyers. About 1,991 stocks rose, 1,558 declined, while 168 remained unchanged on the BSE.
Adani Ports & SEZ handled over 101 MMT cargo at its ports from April to June, recording lifetime high quarterly cargo volumes.
Container cargo volumes rose 19%, liquids and gas rose 8%, dry bulk volumes gained 7% on year-on-year basis.
On year-to-date basis, it clocked about 1.31 lakh TEU of rail volumes, a growth of 18% year-on-year.
Company handled almost 32.8 MMT of cargo in June 2023, including almost 1 MMT at its Haifa Port.
Source: Exchange filing
Passenger vehicle sales rise 21% to 32,588 units.
Tractor sales grow 6% to 44,478 units.
Three-wheeler sales rise 59% to 6,377 units.
Sales of medium duty light commercial vehicles rise 2% to 16,735 units.
Source: Exchange filing
Shares of Sterlite Technologies rose 4.1% to Rs 152.2 apiece, compared to a 0.73% gain in the NSE Nifty 50 as of 10:29 a.m. The stock rose 5.81% intraday, the most in over six weeks since May 17.
The average traded volume so far in the day stood at 11.4 times its monthly average, while the relative strength index was at 51.6.
Of the four analysts tracking the company, all four maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a potential upside of 32.8%.
Lloyds Metals and Energy reported best-ever operating performance.
DRI production grew 45% to 66,273 tonnes.
Iron ore production grew 400% to 3.8 million tonnes.
Source: Exchange filing
Manufacturing PMI sees marginal easing to 57.8 in June from 58.7 in May.
Source: S&P Global
Total sales rise 3% to 3.16 lakh units.
Domestic two-wheeler sales rise 22% to 2.36 lakh units.
Two-wheeler exports fall 31% to 79,144 units.
Source: Exchange filing
Recorded highest-ever June and Q1 production and sales in company history.
June: Production grew 35.4% YoY to 3.48 million tons and sales rose 115% YoY to 4.1 million tons.
Quarter: Production rose 20% YoY to 10.7 million tons and offtake grew 45.5% YoY to 11.15 million tons.
Source: Exchange filing
June: Production grew 12.4% YoY to 58 million tons and offtake rose 3.6% YoY to 61 million tons.
Quarter: Production rose 9.8% YoY to 175.5 million tons and offtake grew 5.3% YoY to 187 million tons.
Plans to achieve 780 MT of output in FY24.
Source: Exchange filing
JSW Steel rose 3% intraday to hit a historical high of Rs 808.3 per share.
Last week, JSW Vallabh Tinplate & Vardhman Industries merged into JSW Steel Coated.
Gains over 7% in one week.
Source: Bloomberg
Paras Aerospace, a subsidiary of Paras Defence and Space Technologies, has won a Rs 42.4 crore contract from the Indian Farmer Fertiliser Cooperative.
Company will supply 400 agri-drones, including accessories, spares and training for drone pilots.
Source: Exchange filing
The broader market indices opened higher; the S&P BSE MidCap Index was up 0.41%, whereas S&P BSE SmallCap Index was 0.80% higher.
Nineteen out of the 20 sectors compiled by BSE advanced with S&P BSE Metal gaining the most. Only S&P BSE Realty declined.
The market breadth was skewed in the favour of the buyers. About 2,066 stocks rose, 651 declined, while 159 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 113.32 points or 0.18% at 64,831.88 while the NSE Nifty 50 Index was 58 points or 0.30% higher at 19,246.50.
Source: Bloomberg
The yield on the 10-year opened flat at 7.11% on Monday.
Source: Bloomberg
The local currency strengthened 3 paise to open at 82.01 against the U.S dollar on Monday.
The local currency closed at 82.04 on Friday.
Source: Bloomberg
Federal Bank's total deposits increased 21% YoY to Rs 2.23 lakh crore.
CASA increased 5% YoY to Rs 70,872 crore in provisional terms, while CASA ratio dipped to 31.85%.
Gross advances increased 20.9% YoY to Rs 1,86,593 crore in provisional terms.
Source: Exchange filing
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