Equity Analysis

BSE Announcements

Ashok Leyland Ashok Leyland reported total sales of 14,271 units in month of April 2024 compared to 12,974 units in April 2023, recording a growth of 10%. Total sales include domestic sales of 13,446 units which were higher by 9% over the corresponding month of previous year.
Asian Hotels (N) Asian Hotels (North) announced the resignation of Ashish Dhanuka (DIN: 07220876) from the position of Whole Time Director and Chief Financial Officer of the company with effect from 15 May 2024.
SKF India SKF India will hold a meeting of the Board of Directors of the Company on 8 May 2024.
Blue Star Blue Star announced that the Board of Directors of the Company at its meeting held on 02 May 2024, has recommended a Final dividend of Rs.7 per share (i.e.350%), subject to the approval of the shareholders.
Graphite India Graphite India will hold a meeting of the Board of Directors of the Company on 7 May 2024.
CEAT CEAT announced that the Board of Directors of the Company at its meeting held on 2 May 2024, inter alia, have recommended the final dividend of Rs 30 per equity Share (i.e. 300%) , subject to the approval of the shareholders.
Century Textiles

Birla Estates, a 100% wholly owned subsidiary of Century Textiles & Industries and the real estate venture of the Aditya Birla Group, announces record sales of its signature tower Silas at Birla Niyaara clocking an extraordinary Rs 2500 crore at launch. This has propelled Birla Niyaara' s cumulative sales thus far to over Rs 5400 crore.

Silas at Birla Niyaara features 148 4BHK-5BHK palatial residences, continuing the legacy of luxury set by the first tower. Birla Niyaara epitomizes convenience as it seamlessly connects Mumbai's premier commercial hubs, Fort and Bandra Kurla Complex (BKC). Its strategic location, in close proximity to the imminent Worli-Sewri connector and the new trans-harbor link, guarantees swift and effortless access to these distinguished Central Business Districts (CBDs). The project also stands as a testament to Birla Estates' commitment to sustainability and boasts of 3 exclusive clubhouses for every age and interest, Hive -The Social Club, Playpen - The Children Clubhouse and BeFit- The Sports Club.

DIC India DIC India will hold a meeting of the Board of Directors of the Company on 9 May 2024.
Ambuja Cements Ambuja Cements announced that the Board of Directors of the Company at its meeting held on 1 May 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.
Hero Motocorp

Hero MotoCorp sold 533,585 units of motorcycles and scooters in April 2024. This translates into a robust 34.7% growth over the corresponding month (April 2023), when it had sold 3.96 lakh units and a sequential growth of 9% over the previous month's (March 2024) sales of 490,415.

The volume growth in the month of April highlights the company's sales trend, especially in the 125cc and 400+cc segments. The Xtreme 125R is witnessing a strong pull across the country and the company is swiftly ramping-up supplies to ensure smooth deliveries.

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