Company Profile

Dev Information Technology (DEVIT) has secured a noteworthy order from Gujarat State Fertilizers & Chemicals (GSFC) an undertaking of Gujarat Government for Installation, Supply, Commission, Implementation and Maintenance of Enterprise Class Mailing Solution at GSFC HO. The scope of work includes seamless integration with existing GSFC IT Infra setup. The order size is approximately Rs 2.15 crore.

Godrej Consumer Products (GCPL) has completed acquisition of FMCG business of Raymond Consumer Care (RCCL) by way of a slump sale. RCCL is a leading player in the deodorants and sexual wellness categories in India. The cost of acquisition is Rs 2825 crore. 

SJVN has bagged 100 MW Grid Connected Wind Power Project in Gujarat. SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, participated in Open Competitive Tariff bidding process followed by e-Reverse Auction (e-RA) organized by Gujarat Urja Vikas Nigam (GUVNL).

Godrej Properties is eyeing 14 per cent growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand. The company's performance in 2022-23 was very strong on all important metrics like sale bookings, cash collections from customers, completion of projects and addition of new land parcels for future developments.

Century Textiles and Industries’ wholly-owned subsidiary -- Birla Estates has purchased 28.6-acre prime land parcel in the fast developing micro-market of Sarjapur Road, Bengaluru. This strategic foray into South East Bengaluru market presents a lucrative opportunity for the company to develop Grade-A residences for the large pool of IT professionals working in the IT corridor of Sarjapur, Outer Ring Road, Whitefield and Electronics City. 

Shoppers Stop is planning to open the country's largest beauty-related store in Kolkata during the upcoming festive season. The store will be more of a concept than a traditional outlet, with details being kept under wraps for now.

Aditya Birla Capital is planning to raise funds by issuance of equity shares / depository receipts / convertible bonds / debentures / warrants / preference shares / any other equity linked securities (Securities) through permissible modes including by way of a private placement, including through a preferential issue or qualified institutions placement of Securities or any other method or mode. The Board of Directors of the Company at its meeting to be held on May 11, 2023, will consider the proposal of the same.

Shoppers Stop is planning to open the country's largest beauty-related store in Kolkata during the upcoming festive season. The store will be more of a concept than a traditional outlet, with details being kept under wraps for now.

Beauty is an important segment for Shoppers Stop, contributing around 17 per cent to the company's revenue. The company has already launched 11 standalone beauty stores last year and is planning to open 15-20 more such stores every year for the next three years. 

In addition, the company plans to open 12-15 departmental stores every year for the same frame. Shoppers Stop is also partnering with Shiseido Asia Pacific Pte., a Japanese firm, to expand the Nars cosmetics brand's footprint in India.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

Shoppers Stop has received approval for additional investment in Global SS Beauty Brands (GSBBL) (formerly known as Upasna Trading) of upto Rs 25 crore in one or more tranches, by way of subscription to Right Issue of 2,500 preference shares i.e. 0.01% Non-Cumulative Optionally Convertible Preference Shares (NOCPS) each at par at face value of Rs 1,00,000 each of GSBBL. GSBBL is a wholly owned subsidiary of the company.  

With the approval of the aforesaid investment, total aggregate investment approved by the Company in GSBBL as on April 26, 2023 is Rs 55 crore, which includes (i) subscription by way of Right issue to Equity shares of Rs 4.95 crore and Preference shares of Rs 20 crore, (ii) approved investment of Rs 5 crore in Preference Shares, yet to be subscribed and (iii) additional investment of Rs 25 crore approved at the Board Meeting held on April 26, 2023.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

H.G. Infra Engineering has received the certificate of incorporation dated April 25, 2023 from the Registrar of Companies (RoC) with respect to incorporation of the wholly owned subsidiary company namely 'H.G. Varanasi-Kolkata PKG-13' a Special Purpose Vehicle ('SPV'), to undertake the below-mentioned project awarded by National Highways Authority of India (NHAI).

HCL Technologies (HCLTech) has been selected by Heubach Group to drive digital transformation agenda. HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, end-user services and secure networks. The new IT system will help Heubach Group achieve its strategic objectives and drive productivity and growth.

Maruti Suzuki India has received approval for the creation of additional capacity of upto one million vehicles per year. The total existing capacity is around 13 lakh units in Manesar and Gurugram. In addition, the company is supplied vehicles by Suzuki Motor Gujarat (SMG) under the Contract Manufacturing Agreement. The company’s Board, in its meeting held on April 26, 2023, has approved the same.

L&T Technology Services has reported rise of 18.12% in its consolidated net profit at Rs 310.90 crore for fourth quarter ended March 31, 2023 as compared to Rs 263.20 crore for the same quarter in the previous year. Total consolidated income of the company increased by 19.35% at Rs 2146.00 crore for Q4FY23 as compared to Rs 1798.00 crore for the corresponding quarter previous year.

Dhruv Consultancy Services in Joint Venture (JV) with Global Infra Solution has received the Letter of Acceptance (LoA) for the consultancy services for feasibility study and preparation of detailed project report for Chhapra-Manjhi-Darauli-Guthani Road, ‘Package-6’ from the office of Chief General Manager, Bihar State Road Development Corporation (A Govt of Bihar Undertaking) (the Authority) having dated April 25, 2023, as received by the company i.e. Dhruv Consultancy Services JV with Global Infra Solution. (for the said Project). The contract amount is Rs 54.91 lakh inclusive of all taxes and GST. The contract period will be 6 months.

Bajaj Finance has reported results for fourth quarter (Q4) ended March 31, 2023. Bajaj Finance has reported 25.11% rise in its net profit at Rs 2,837.36 crore for the quarter under review as compared to Rs 2,267.95 crore for the same quarter in the previous year. Total income of the company increased by 27.55% at Rs 9,718.09 crore for Q4FY23 as compared to Rs 7,619.26 crore for the corresponding quarter previous year. On consolidated basis, the company has reported rise of 30.51% in its net profit at Rs 3,157.79 crore for fourth quarter ended March 31, 2023 as compared to Rs 2,419.51 crore for the same quarter in the previous year. Total income of the company increased by 31.68% at Rs 11,363.14 crore for Q4FY23 as compared to Rs 8,629.35 crore for the corresponding quarter previous year.

The Board of Directors of Shoppers Stop  at its Meeting held on April 26, 2023, approved additional investment in Global SS Beauty Brands (formerly known as Upasna Trading), wholly owned subsidiary (GSBBL) of upto Rs 25 crore in one or more tranches, by way of subscription to Right Issue of 2,500 preference shares i.e. 0.01% NonCumulative Optionally Convertible Preference Shares (NOCPS) each at par at face value of Rs 1,00,000 each of GSBBL.

Shoppers Stop is currently trading at Rs. 634.65, up by 16.95 points or 2.74% from its previous closing of Rs. 617.70 on the BSE.

The scrip opened at Rs. 634.95 and has touched a high and low of Rs. 653.35 and Rs. 631.95 respectively. So far 14438 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 819.00 on 21-Oct-2022 and a 52 week low of Rs. 402.90 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 653.35 and Rs. 605.00 respectively. The current market cap of the company is Rs. 6772.95 crore.

The promoters holding in the company stood at 65.46%, while Institutions and Non-Institutions held 27.63% and 6.91% respectively.

Shoppers Stop has received approval for additional investment in Global SS Beauty Brands (GSBBL) (formerly known as Upasna Trading) of upto Rs 25 crore in one or more tranches, by way of subscription to Right Issue of 2,500 preference shares i.e. 0.01% Non-Cumulative Optionally Convertible Preference Shares (NOCPS) each at par at face value of Rs 1,00,000 each of GSBBL. GSBBL is a wholly owned subsidiary of the company.  

With the approval of the aforesaid investment, total aggregate investment approved by the Company in GSBBL as on April 26, 2023 is Rs 55 crore, which includes (i) subscription by way of Right issue to Equity shares of Rs 4.95 crore and Preference shares of Rs 20 crore, (ii) approved investment of Rs 5 crore in Preference Shares, yet to be subscribed and (iii) additional investment of Rs 25 crore approved at the Board Meeting held on April 26, 2023.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.