Bajaj Auto: Strong Demand for CNG Bike Freedom 125

Bajaj Auto has witnessed impressive demand for its new CNG bike, the Freedom 125, with over 30,000 enquiries within a week of its launch. This surge in interest highlights the growing consumer preference for eco-friendly and cost-effective transportation options.

Maruti Suzuki: Unveiling a Decade-Long Technology Strategy

Maruti Suzuki has announced its ambitious technology strategy for the next 10 years. This plan is set to drive the company's innovation in automotive technology, ensuring it remains at the forefront of the industry.

Bharti Airtel: Significant User Growth

In May, Bharti Airtel added 12.50 lakh new users, a notable increase from 7.52 lakh users added month-on-month. This growth reflects the company’s expanding market presence and robust customer acquisition strategies.

LTIMindtree: Positive Quarterly Performance

LTIMindtree reported a 2.6% growth in CC revenue against an estimated 2% and a margin increase to 15% from 14.7% quarter-on-quarter. These figures demonstrate the company’s strong operational performance and efficiency.

Eicher Motors: Launch of Royal Enfield Guerrilla 450

Eicher Motors has launched the Royal Enfield Guerrilla 450, priced at ₹2.39 lakh. This new model is expected to attract motorcycle enthusiasts and boost the company's market share in the premium bike segment.

Adani Enterprises: Major Acquisition

Adani Enterprises is set to acquire a 77.5% stake in Parserlabs to expand its data center and cloud business. This strategic move underscores Adani’s commitment to enhancing its technological capabilities and market reach.

L&T Finance: Strong Financial Performance

L&T Finance reported a 21.5% increase in disbursements with the net interest margin (NIM) rising to 9.31% from 9.14% quarter-on-quarter. These results highlight the company’s strong financial health and growth prospects.

Ashok Leyland: Strategic Acquisition

Ashok Leyland’s subsidiary, Hinduja Tech, has acquired Germany-based TECOSIM for €21 million. This acquisition is expected to enhance Ashok Leyland's technological capabilities and global footprint.

Key Negative Performers

Asian Paints reported Q1 results below estimates with EBITDA down 20.2% year-on-year.

Vodafone Idea experienced a subscriber loss of 9.24 lakh users in May, higher than the previous month’s loss of 7.35 lakh users.

Bajaj Electricals saw the resignation of MD & CEO Anuj Poddar, who is leaving to explore external opportunities.

Kolte-Patil Developers reported a 4% decrease in sales value and a 7% decline in area sale volume quarter-on-quarter.

Nazara Technologies faced GST demand orders totaling ₹1,120 crore for its subsidiaries for FY18-23.

Zee Entertainment is set to issue 10-year FCCBs worth $239 million, convertible at ₹160.20 per share.

Other Noteworthy Stocks

GMR Airports reported an 8% growth in passenger traffic and a 6% increase in aircraft movement year-on-year.

Glenmark Pharmaceuticals received US FDA ANDA approval for Topiramate Capsules USP.

ESAF Small Finance Bank got a 3-year extension for MD & CEO KP Thomas from RBI.

Som Distilleries solidified the No. 2 position for its beer brand Power Cool in Karnataka.

TV18 reported TV news EBITDA at ₹40 crore versus an EBITDA loss year-on-year.

Adani Green saw a 31% increase in operational capacity and a 22% rise in energy sales year-on-year.

KEC International bagged T&D orders worth ₹1,100 crore in India, Middle East, Australia, and the US.

Vascon Engineers divested its entire stake in GMP Technical to Shinryo Corp for ₹157 crore.

Just Dial reported a 13.6% revenue increase with margins at 28.7% versus 14.8% year-on-year.

Zensar Technologies acquired 100% stake in US-based BridgeView Life for $25 million.

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