Equity Analysis

BSE Announcements

Force Motors Force Motors reported its production and sales figures for month of May 2023 as follows:

Production - 2828 units
Sales - 2154 units
Sales exports - 491 units

Larsen & Toubro The Buildings and Factories (B&F) Business of L&T Construction has recently secured EPC orders in India. The Business has secured orders from a reputed developer to construct Commercial Towers at two locations in Mumbai. According to company's project classification, the orders are classified 'Significant' and valued between Rs 1000 crore to Rs 2500 crore.

Tallest Commercial Building in India (300.05m high):

The scope of the work includes four-level basements and 2 towers of 70 floors & 50 floors respectively with combined BUA of 3.4 million Sqft. The towers are to be done in forty months.

Large Commercial Building of 5.1 million Sqft:

The scope of the work includes four-level basements and 2 Towers of 19 floors each with combined BUA of 5.1 million Sqft. The towers are to be done in thirty-five months.

Mangalore Chem. Mangalore Chemicals & Fertilizers announced that Vijayamahantesh Khannur, Company Secretary and Compliance Officer has tendered resignation from the services of the Company with effect from 31 July 2023.
Transpek Inds. Transpek Industry announced that the Annual General Meeting (AGM) of the company will be held on 29 August 2023.
Wipro Wipro announced the launch of the Wipro Industry Innovation Experience for Financial Services, featuring a new suite of banking and financial services solutions built on Microsoft Cloud.

The Innovation Experience will bring together Microsoft Cloud capabilities with Wipro FullStride Cloud, as well as leverage Wipro's and Capco's deep domain expertise in financial services. Together, Microsoft and Wipro will develop new solutions to help financial services clients accelerate growth and deepen client relationships.

The Innovation Experience will allow financial services firms to explore new solutions in an immersive 3D environment. Solutions currently available as part of the Experience range from prevention of financial crime and loan origination to those that help transform core banking systems and maximize cloud investments.

Solutions currently included in the Innovation Experience include:
• Core Banking Transformation – a bundled solution empowering banks to overcome legacy challenges, deliver new capabilities, and realize the benefits of NextGen banking.
• Intelligent Volume Optimization and Risk Management (IVOR) – an AI-powered antimoney laundering solution that helps detect financial crime by making operations more accurate, efficient, and cost-effective.
• NetOxygen – a digital cloud-based loan origination solution that streamlines the lender/borrower experience, enabling an automated, end-to-end lending process that scales cost effectively, delivering a faster and seamless digital mortgage experience.
• FinOps – a comprehensive cloud operations and management solution that enables banks to capitalize on their cloud investments, drive innovation, optimize operations and scale products quickly.

St Bk of India State Bank of India will hold a meeting of the Board of Directors of the Company on 9 June 2023.
Virya Resources Virya Resources has postponed the meeting of the Board of Directors which was scheduled to be held on 30 May 2023. The meeting will now be held on 8 June 2023.
Tata Elxsi Tata Elxsi announced that the 34th Annual General Meeting (AGM) of the company will be held on 4 July 2023.
B N Rathi Sec. B N Rathi Securities announced that the Annual General Meeting (AGM) of the company will be held on 30 June 2023.
Lloyds Metals Lloyds Metals & Energy will hold a meeting of the Board of Directors of the Company on 9 June 2023.
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