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Asian Paints, L&T Finance, HAL, Urja Global, Biocon are in Focus

Picture Source: Internet

Firmer global sentiment will support the Dalal Street index on Friday, with the SGX Nifty up about 35 points at 18,755 in early trade.

Asia-Pacific markets were mostly higher after the S&P 500 hit a new 2023 high, and the Dow Jones Industrial Average rose overnight for a third straight day.

Japan’s Nikkei was up 1.5%, South Korea’s Kospi was up 0.7%, Australia’s ASX 200 was up 0.28%, and Hong Kong’s Hang Seng was up 0.11%.

Against this backdrop, US jobless claims unexpectedly rose to the highest level since October 2021, while China’s consumer price index rose 0.2% in May, and producer prices fell 4.6% year-on-year.

Aether Industries: Aether Industries Limited has signed a license agreement with Saudi Aramco Technologies to commercialize sustainable Converge polyol technology.

L&T Finance Holdings: The company’s board of directors has recommended a final dividend of Rs 2 per share for 2022-23.

Arihant Capital Markets: The company’s board of directors will meet on June 15, 2023, to consider and approve the private placement of secured unlisted redeemable non-convertible debentures (NCD).

Urja Global: Urja Global Limited entered into an agreement with Tesla Power India Private Limited on June 7 2023, to manufacture and supply batteries under the TESLA POWER USA brand.

Ex-dividend shares: Asian Paints, Bhansali Engineering Polymers, Caplin Point Laboratories, Cigniti Technologies, Dynamatic Technologies, Elecon Engineering Co, HDFC Asset Management Company, Himadri Specialty Chemical, Indian Hotel Co, National Fertilisers, NRB Bearings, Solar Industries India and Voltas.

Blue Dart: Thursday, Logistics company Blue Dart Express appointed Sudha Pai as the company’s chief financial officer (CFO), effective September 1, 2023.

Tata Power, Tata Steel: Tata Power Renewable Energy, through its subsidiary TP Vardhaman Surya Ltd, has been awarded a contract to build a 966 MW all-weather hybrid renewable energy project for Tata Steel. A company statement said the project has a mixed renewable energy capacity of 379 MW solar and 587 MW wind.

V R Films Studios: The meeting of the board of directors reviewed and approved the distribution of bonus shares at a ratio of 7:1 (7 shares per share), subject to the approval of shareholders.

Hindustan Aeronautics: The board of directors meeting is scheduled for June 27, 2023, and the proposal to split the company’s equity was reviewed and approved.

Capacite Infraprojects: Capacit’e Infraprojects plans to raise Rs 96.3 crore through a preferred equity issue to support the company’s long-term working capital needs. Separately, it has approved a preferential issue of 5.6 million shares at Rs 170 each to raise funds.

Biocon: Following the EU GMP inspection in February 2023, the company’s active pharmaceutical ingredient (API) manufacturing facility in Bangalore received a GMP compliance certificate from the competent German authority.

IRB Infrastructure Developers: IRB Infrastructure Trust’s toll revenue rose 24% year-on-year to Rs 201.18 crore, up from Rs 162.64 crore in the previous year.

Abans Holding: The company’s subsidiary, Abans Agri Warehousing & Logistics, is executing a contract to sell its entire 100% interest in Shanghai Yilan Trading Co Ltd to Forever Trading FZC for a composite consideration of Rs 41 lakh.

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