Company Profile

Mahindra & Mahindra (M&M) and Adani Total Energies E-Mobility (ATEL) have inked a memorandum of understanding (MoU) to establish electric vehicle charging infrastructure across the country. The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country. Moreover, the partnership will also entail rolling out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery, availability, navigation, and transactions.  With this association, electric vehicle XUV400 customers will now have access to more than 1,100 chargers. 

Lemon Tree Hotels has signed new property -- Lemon Tree Hotels, Ranchi. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25. Ranchi, the capital of Jharkhand, India, is a city known for its scenic beauty and tribal heritage. Nestled on the Chota Nagpur plateau, Ranchi has a moderate climate and is nicknamed the 'City of Waterfalls' due to several cascading waterbodies within its borders. Once the center of the Jharkhand movement, which fought for a separate state, Ranchi is now a growing metropolis and a hub for industry and education.

Life Insurance Corporation of India (LIC) has increased its shareholding in ‘LTIMindtree’. The Corporation’s shareholding in ‘LTIMindtree’ has increased from 14,804,362 to 14,906,665 Equity Shares, i.e., 4.99% to 5.03% of the paid-up capital of the said Company.

International Conveyors has acquired the Equity shares of Thyrocare Technologies for investment purpose on March 21, 2024. Cost of acquisition is Rs 1.38 crore. Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.

Uno Minda has invested a sum of Rs 6.04 crore by way of subscription to 60,42,060 Equity shares of Uno Minda Buehler Motor (UMBM) allotted on March 20, 2024 at a face value of Rs 10 each, on right issue basis. Post allotment, the investment of the Company in the equity shares of UMBM stands at Rs 11.87 crore. The shareholding of the company in UMBM remains unchanged at 50.10%.  

Zuari Agro Chemicals has executed sale deed on March 21, 2024 with Ultra Dwell Real Estate LLP, an unrelated party, for sale of land parcel of the Company admeasuring 65,905 sq. mtrs. situated at Village Sancoale, Taluka Mormugao, Distt. South Goa, State of Goa. The consideration from such sale is Rs 31.50 crore (subject to deduction of TDS at the applicable rate).

The Board of Mazagon Dock Shipbuilders (MDL), in the Board Meeting held on 20.03.2024, has accepted the offer of Mumbai Port Authority (MbPA) for the allotment of land and building (Workshop land and Clark Basin), measuring 14.55 Acres, adjacent to MDL Mumbai Yard on long term lease basis to MDL for 29 years w.e.f. 01.04.2024 to 31.03.2053. The total allotment cost is Rs 354 crore (Approx.) which include Upfront Lease Premium, Cost of Buildings and Structures, GST, Stamp Duty and Registration Charges. The payment of the allotment cost will be paid to MbPA in due course.

Mastek has entered into strategic collaboration with Microsoft. The collaboration is focused on pioneering innovative solutions that harness the capabilities of Microsoft Azure OpenAI Service and Azure AI Services -especially for the retail, healthcare, manufacturing, financial services, and public sector industries through the integration of generative AI capabilities.

Grindwell Norton has subscribed to 49% equity share capital of Advanced Synthetic Minerals (ASM) at a Net consideration of Rs 15 crore as of January 24, 2024. With this subscription, ASM becomes an affiliate of the Company effective January 24, 2024.

Mahindra Logistics (MLL) is planning to invest Rs 170 crore for construction of its warehousing facility in Phaltan, near Pune. Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be operational by the end of 2024. The company will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region.

Mazagon Dock Shipbuilders (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen Fast Patrol Vessels (FPVs) for Indian Coast Guard (ICG) on January 24, 2024. Broad consideration or size of the order is around Rs 1070 crore. 

Hero MotoCorp is planning to bring three new electric two-wheelers in the next one year. In FY25, it will launch electric scooters in the mid-price segment and in the economy segment to extend its Vida range. Further, the company will be launching another electric two-wheeler in the B2B last mile delivery segment, which is a big segment. The company, which unveiled its new performance bike MAVRICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. 

SBI Cards and Payment Services (SBI Card) has raised Rs 525 crore through allotment of 525 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Subordinate Tier II, Listed, Non-Convertible Debentures (NCDs) of the face value of Rs 1,00,00,000 each, at par, under Series 34 on private placement basis. The Stakeholders' Relationship and Customer Experience Committee of the Company has approved the allotment of the same. 

Dhanuka Agritech has signed a non-binding Letter of Intent with an overseas entity named Kimitec Group, Spain for exploring the various business opportunities including setting up of joint venture in India which is subject to signing of Definitive Agreement(s) and fulfillment of other terms and conditions.

Mazagon Dock Shipbuilders is currently trading at Rs. 2390.00, up by 64.65 points or 2.78% from its previous closing of Rs. 2325.35 on the BSE.

The scrip opened at Rs. 2421.85 and has touched a high and low of Rs. 2475.00 and Rs. 2377.00 respectively. So far 103483 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2490.00 on 16-Jan-2024 and a 52 week low of Rs. 612.80 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 2475.00 and Rs. 2183.55 respectively. The current market cap of the company is Rs. 48121.22 crore.

The promoters holding in the company stood at 84.83%, while Institutions and Non-Institutions held 3.75% and 11.42% respectively.

Mazagon Dock Shipbuilders (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen Fast Patrol Vessels (FPVs) for Indian Coast Guard (ICG) on January 24, 2024. Broad consideration or size of the order is around Rs 1070 crore. 

Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence. 

Mazagon Dock Shipbuilders (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen Fast Patrol Vessels (FPVs) for Indian Coast Guard (ICG) on January 24, 2024. Broad consideration or size of the order is around Rs 1070 crore. 

Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.