Stocks in news: Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health
Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.
Bulls regained control from the bears on Wednesday pushing the Nifty index above 24,300. In today's trade, shares of , , L&T Finance, , among others will be in focus due to various news developments and first quarter updates.Bajaj Finance
Bajaj Finance reported a 10% year-on-year growth in new loans booked in the quarter ended June 30, 2024 at 10.97 million compared to 9.94 million in the corresponding period of the last financial year.
Hindustan Zinc
Hindustan Zinc sees the demand for silver going up exponentially in the coming years, and is targeting production in the range of 750-775 tonne in the current fiscal.
Non-banking finance company Indiabulls Housing Finance has changed its name to Sammaan Capital following the receipt of Certificate of Incorporation from the Registrar of Companies (RoC) and Certificate of Registration as an NBFC-ICC.
Star Health
Standalone health insurer Star Health and Allied Insurance Company Ltd., has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years.
Vedanta
Metal major Vedanta reported a 36% year-on-year jump in alumina production at Lanjigarh refinery at 539 kt driven by new capacity.
L&T Finance
L&T Finance's retail disbursements were up 33% to Rs 14,830 crore for the first quarter, while realizations stood at 95%.
Suryoday Small Finance Bank's gross advances increased 4% quarter-on-quarter in the first quarter, while disbursements were down 26% quarter-on-quarter.
Brigade Enterprises has signed a joint development agreement for a residential project spread across 8 acres in Bengaluru.
Source: Stocks-Markets-Economic Times
