Stocks to Watch: L&T, RBL Bank, Maruti Suzuki, Nazara Tech, Hero Motocorp & others in news

Here are the latest updates on some of the notable stocks making headlines today:

  1. Hero MotoCorp: The world’s largest manufacturer of motorcycles and scooters has received 13,688 bookings for its newly launched flagship motorcycle, Karizma XMR. Deliveries will begin during the festive season this month.
  2. Larsen & Toubro: E P Sajit has been promoted as the Senior Vice President & the Head of Water & Effluent Treatment IC, effective from October 2.
  3. Punjab National Bank: The public sector lender has reported an 11.3% YoY growth in total business at Rs 22.5 lakh crore for the quarter ended September FY24.
  4. JM Financial: Manish Sheth has stepped down from his role as the Chief Financial Officer, effective from September 30, 2023.
  5. Jammu & Kashmir Bank: The bank has reported a 12.03% YoY growth in total business at Rs 2,18,269 crore for the quarter ended September FY24.
  6. Marico: The FMCG major reported low single-digit volume growth in domestic markets for Parachute Coconut Oil and Saffola Edible Oils. International business delivered double-digit constant currency growth.
  7. Bandhan Bank: The private sector lender reported loans & advances at Rs 1.07 lakh crore for the quarter ended September FY24.
  8. Asian Energy Services: The company has appointed Gaurav Srivastava as the Chief Operating Officer.
  9. HealthCare Global Enterprises: The cancer care network announced the acquisition of SRJ CBCC Cancer hospital in Indore and plans to expand it.
  10. Sofcom Systems: Satyam Jaiswal resigned as the Managing Director of the company, and Shristi Shaw resigned as the Chief Financial Officer, effective from October 4, 2023.
  11. Nazara Technologies: The Singapore subsidiary of NODWIN Gaming, a material subsidiary of Nazara Technologies, has acquired a 100% stake in game marketing agency PublishME for $2 million.
  12. AXISCADES Technologies: Abidali Neemuchwala has been appointed as the Chairman of the company, effective from October 4.
  13. RBL Bank: The private sector lender reported total deposits at Rs 89,774 crore for the quarter ended September FY24.
  14. L&T Finance Holdings: The company reported an estimated retailisation of the portfolio at 88% at the end of Q2FY24.
  15. Indian Energy Exchange: The energy exchange recorded a 13% YoY growth in total electricity volume for September.
  16. SAL Automotive: Namrata Jain has been appointed as the CFO of the company with immediate effect.
  17. Sheela Foam: The company received a show-cause cum demand notice alleging a tax demand of Rs 20.26 crore, in addition to an equivalent penalty of Rs 20.26 crore.
  18. Axita Cotton: Nitinbhai Govindbhai Patel has been reappointed as the CMD of the company, effective from October 1, 2023.
  19. Maruti Suzuki India: The company received a Show Cause Notice amounting to Rs 1.79 crore from the Gujarat GST Authority.
  20. ACC: The cement company has incorporated two wholly-owned subsidiaries, ACC Concrete South and ACC Concrete West.

These are the latest developments in the world of stocks and business. Stay tuned for more updates on these and other market-moving news.

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