homephotos Newsmarket NewsStocks To Watch: Bajaj Auto, Maruti, Hero, Godrej Properties, Bandhan Bank and more

Stocks To Watch: Bajaj Auto, Maruti, Hero, Godrej Properties, Bandhan Bank and more

SUMMARY

Stocks like Godrej Properties, Bandhan Bank and GMR Power will be in focus on the new year's trading session along with the auto pack ahead of their sales numbers.

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By CNBCTV18.com Jan 1, 2024 5:53:26 AM IST (Published)

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December Auto Sales | Stocks Like Bajaj Auto, Maruti, Hero MotoCorp, Escorts Kubota and the entire Auto sector will be in focus on Monday as companies will report their sales figures for December, the final month of 2023 and the quarter as well.

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Alkem Laboratories | Manufacturing facility located at St. Louis, USA, owned by S&B Pharma LLC, a step-down subsidiary has been sold to New Mill Capital Holdings LLC for $7.96 million. The unit contributed 0.27% of the company's consolidated topline.

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Godrej Properties | Acquired a 4 acre land parcel in Yeswantpur, Bengaluru, having a developable potential of 0.7 million square feet saleable area through an outright purchase. The land will be used for the development of premium residential apartments.

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Grasim | Commissioned an additional 1.23 lakh tonnes annual capacity of advanced materials manufacturing at Bharuch in Gujarat. With this expansion, the total advanced material manufacturing capacity is now at 2.46 lakh tonnes.

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Indostar Capital Finance | Sells a portion of its SME loan portfolio to Encore Asset Reconstruction Company aggregating to a principal outstanding of ₹292 crore.

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Bandhan Bank | Transferred housing finance NPA portfolio, having Days Past Due of 180 days and outstanding of ₹719 crore for a consideration amount of ₹289.6 crore on an outright cash basis to an ARC.

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Innova Captab | Canara Robeco Mutual Fund, Invesco Mutual Fund buyers in the stock on listing day via bulk deals. Canara Robeco acquired 9 lakh shares, while Invesco bought 6 lakh shares.

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GMR Power | Extending corporate guarantee in favour of IREDA for issuing counter guarantee in favour of a schedule commercial bank for the benefit of three SPVs of GMR Smart Electricity Distribution Pvt. Ltd., a wholly-owned subsidiary worth ₹228 crore.

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