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Stocks in news today

March 2, 2023

Delhivery: Foreign investor SVF Doorbell (Cayman), an entity owned by SoftBank, has sold 3.8% of its stake in the company via open market transactions, at an average price of Rs 340.80 per share.

Tata Motors: Company has partnered with the State Bank of India (SBI) to offer “easy loan structured schemes” for the purchase of Tata Ace EV, its all-new commercial electric vehicle.

Eicher Motors: Company’s International business recorded a 1% YoY growth by selling 7,108 motorcycles. The growth was driven by motorcycles segment with engine capacity up to 350cc segment that reported 31% YoY rise at 64,180 units.

Royal Enfield has sold 71,544 motorcycles in February 2023, growing 21% over 59,160 motorcycles sold in same period last year.

Wipro: Company has launched 5G Def-i platform. The platform will empower businesses to seamlessly transform their infrastructure, networks and services.

Adani Ports and SEZ: The company has incorporated a wholly owned subsidiary HM Agri Logistics. The subsidiary will develop and operate silo complex across India.

Rail Vikas Nigam: The company has emerged as the lowest bidder for manufacturing cum maintenance of Vande Bharat trainsets, including the upgradation of the government’s manufacturing units and trainset depots for 200 trainsets, at a cost of Rs 120 crore per set.

Bajaj Finserv: Company has received the final registration from SEBI to commence its mutual fund operations under Bajaj Finserv Mutual Fund.