In today’s trade, shares of Titan, Tata Steel, JSW Steel, Pidilite Industries, M&M among others will be in focus due to various news developments and third quarter results.
Titan
Titan Company’s consumer businesses registered a growth of 40% year-on-year in the December-ended quarter. The international business grew 79% YoY while domestic clocked a 38% growth over the same quarter in the year ago period. The Tata Group company added 56 stores taking its retail network to 3,433 stores.Tata Steel, JSW Steel
India’s competition watchdog has found market leaders Tata Steel, JSW Steel, state-run SAIL and 25 other firms breached antitrust law by colluding on steel selling prices, according to a Reuters report, putting the companies and their executives at risk of hefty fines.
Biocon
Biocon said its arm Biocon Biologics will introduce three new oncology biosimilars to strengthen its cancer portfolio. With these new oncology assets, Biocon Biologics will have one of the most comprehensive oncology portfolios in the industry.
Lodha Developers
Realty firm Lodha Developers on Tuesday reported a 25% increase in sales bookings to Rs 5,620 crore for the quarter ended December, driven by stronger demand for its housing properties. The company had posted sales bookings of Rs 4,510 crore in the year-ago period.Pidilite Industries
Pidilite Ventures, a wholly owned subsidiary of the company, has transferred its entire shareholding in Pepperfry (Pepperfry) to TCC Concept (TCC) in a 100% Share Swap deal, pursuant to the acquisition of shares
of Pepperfry by TCC. Accordingly PVPL holds 2.20% shareholding in TCC.
M&M
Mahindra has launched the XUV 3XO EV, expanding its electric mobility portfolio with a feature-rich, city-focused electric SUV. Priced from Rs 13.89 lakh, the electric XUV 3XO offers strong performance, advanced safety with Level 2 ADAS, connected car technology, and premium comfort features.
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