RVNL, Titagarh Systems, Raymonds: Stocks to watch out for on Wednesday

Shares to Watch Out for on Wednesday: Fairness benchmark indices Sensex and Nifty declined on Tuesday amid unabated overseas fund outflows and sluggish Asian market cues. The 30-share BSE Sensex declined 316.31 factors or 0.48 per cent to settle at 65,512.10, whereas the Nifty fell 109.55 factors or 0.56 per cent to finish at 19,528.75.

Because the benchmark indices fell, ZeeBiz takes you thru the record of shares that may make an impression on Wednesday (October 4, 2023)

Maruti Suzuki

Maruti Suzuki India on Tuesday stated its whole manufacturing declined by 1 per cent to 1,74,978 models in September.

The corporate had produced 1,77,468 models in September 2022.

Final month, manufacturing of entry stage vehicles — Alto and S-Presso — declined by 70 per cent to 10,705 models from 35,887 models within the year-ago interval, Maruti Suzuki India stated in a regulatory submitting.

Equally, manufacturing of fashions like Baleno, Celerio, Dzire, Ignis, Swift and WagonR, declined to 90,849 models in September as in opposition to 92,717 models in the identical month final 12 months.

RVNL

The railway firm introduced on Tuesday that it had emerged as because the lowest bidder (L1) for the event of distribution infrastructure at North Zone of Himachal Pradesh underneath the revamped reform-based and results-linked, distribution sector scheme.

The challenge dimension is Rs 444.26 crore. 

Titagarh Rail Programs

Titagarh Rail Programs stated on Tuesday that it had signed a contract for design, manufacture, provide, testing, commissioning and coaching of 72 normal gauge vehicles for the Surat Metro Rail Section I Undertaking.

The order worth for this challenge is roughly Rs 857 crore.

The execution of the contract is slated to begin 76 weeks after the signing the contract and is anticipated to be accomplished in 132 weeks thereafter, the corporate stated in an announcement.

The Surat Metro Rail Undertaking encompasses two corridors spanning a complete of 40.45 kilometres with 38 stations and an estimated price of Rs 12,020 crores.

NBCC

The federal government building firm introduced on Tuesday that it had signed a contract with its consumer, Ali Yavar Jung Nationwide Institute of Speech and Listening to Disabilities (Divyangjan), AYNISHD, Mumbai, to assemble a everlasting constructing of newly accredited composite regional centre at Chhatarpur, Madhya Pradesh. The challenge dimension is Rs 25.19 crore.

Raymonds

Raymonds stated on Tuesday that it had accredited an funding as much as Rs. 301 crore in a number of tranches in Ten X Realty Restricted (TXRL), a step down wholly owned subsidiary of the corporate.

Out of the stated funding, the corporate will make investments as much as Rs. 125  crore within the type of redeemable desire shares which might be topic to such phrases as could also be lastly determined and agreed, Raymonds stated in an announcement on Tuesday.

The steadiness quantity of Rs. 176 crore shall be invested by offering Inter Company Deposit (ICD) to TXRL, the corporate additional stated. 

Hero MotoCorp

Hero MotoCorp stated on Tuesday that it was set to begin deliveries of its first co-developed premium bike Harley-Davidson X440 on the primary day of the Navratri competition, i.e., October 15, 2023. 

Harley-Davidson X440 is presently being manufactured at Hero MotoCorp’s manufacturing facility – referred to as the Backyard Manufacturing unit – at Neemrana in Rajasthan.

The corporate has been organising check rides for pre-booked clients since September 1, 2023. 

Pidilite

Pidilite stated on Tuesday that its wholly owned subsidiary, Corporacion Empresarial Grupo Puma SL, Spain (Grupo Puma, Spain) have integrated a three way partnership firm in UAE within the title of ‘PidilitePuma MEA Chemical substances L.L.C.’ (‘PidilitePuma’) on October 2, 2023, to hold on the enterprise of manufacture of building chemical substances.

Every of Pidilite MEA and Grupo Puma, Spain shall maintain 50 per cent of the paid up capital in PidilitePuma, the corporate stated in an announcement on Tuesday.

Apollo Tubes

APL Apollo Tubes Restricted (APL Apollo) introduced on Tuesday that its gross sales quantity for Q2FY24 is 674,761 tonnes, the very best quarterly gross sales quantity reported by the corporate ever.

The corporate’s reported gross sales quantity for a similar interval is 1,336,262 tonnes, a rise of 30% YoY.