Stocks in News: Stocks in News: DMart, Reliance Power, Bajaj Finance, Sundaram-Clayton, Bank of Baroda

Domestic markets suffered a sharp decline on Thursday, falling more than 2% due to weak global signals. In today’s trading, shares of DMart, Power of Trust, Bajaj Finance, Sundaram-Clayton, Bank of Baroda among others, they will be in the spotlight due to various news developments.

DMart

DMart reported 14% growth in its standalone revenue to Rs 14.05 billion for the second quarter and added a network of 6 stores.

M&M Financial
M&M Financial is likely to be in the spotlight as the company said it expects a 1% year-over-year decline in overall disbursement in the second quarter.

Bank of Baroda
The state-run lender reported 11.6% year-on-year growth in its global advances to Rs 11.43 lakh crore in September 2024, while global deposits soared over 9% to Rs 13.63 lakh crore.Read more: Here is the trading setup for today’s session

Bajaj Finance
Bajaj Finance’s new registered loans grew 14% to 9.69 mm in Q2 compared to 8.53 mm in Q2 FY24. Assets under management (AUM) increased 29% to almost Rs 3.73 lakh crore in September 2024.

Sundaram-Clayton
Sundaram-Clayton launched a qualified institutional placement on Thursday and set a floor price of Rs 2,320.78 per share.

Power of Trust
The Reliance Power Board has approved a raising of $500 million in unsecured foreign currency convertible bonds (FCCBs) bearing interest at 5% per annum. The bonds have a duration of 10 years.

Hindustan Construction
The Zurich District Court extended the provisional debt moratorium of Steiner AG by 4 months until February 7, 2025.

Aarti Drugs
Aarti Drugs has received a UK MHRA certificate of GMP compliance from a manufacturer for the arm manufacturing facility in Baddi.

Shilpa Medicare
Shilpa Pharma Life Sciences, a subsidiary of Shilpa Medicare, has received a Certificate of Appropriateness (CEP) from the European Directorate for the Quality of Medicines and Healthcare (EDQM) for API.

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