Stocks to watch out for on Wednesday
RattanIndia Enterprises: India’s market leader in electric motorbikes, RattanIndia’s Revolt Motors welcomed Maharashtra Electric Vehicle Policy 2021 announced by the state. In a major fillip for the EV adoption in Maharashtra, the state government will pay Rs 10,000 per bike as an incentive in Maharashtra.
Adani Enterprises: Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, has taken over the management control of Mumbai International Airport Limited (MIAL) from GVK Group.
S Chand & company: The company has partnered with Testbook Edu Solutions Private Limited to launch a next-generation 'SmartBook' to aid students preparing for government jobs' competitive examinations especially from rural areas of the country.
Seamec: The company informed that its vessel ‘Seamec Gallant’ will conclude its time charter with BW Ship DMCC, UAE on July 11, 2021. Further, the company has entered into a charter party with Fastfreight Pte Ltd, Singapore for the engagement of the vessel for a period of 6-8 months after the completion of the current charter. The estimated charter value is about USD 5.22 million.
Vedanta: Aluminium-Lanjigarh refinery produced 4,82,000 tonnes of alumina in Q1FY22, which is 1 per cent higher as compared to Q1FY21 and 3 per cent lower as compared to Q4FY21. Lanjigarh refinery continues to operate at over 1.9 mtpa production run rate. Zinc (India) - mined metal production for Q1FY22 was 2,21,000 tonnes, up by 9 per cent as compared to Q1FY21 on account of higher ore production, largely at Rampura Agucha and Zawar mines. This was partially offset by the lower overall metal grades. In comparison to Q4FY21, it decreased by 23 per cent, mainly due to lower ore production at Sindesar Khurd & Ramapura Agucha mine due to operators’ absenteeism in April & May in light of the second wave of COVID-19.
Hindustan Zinc: Mined metal production for Q1FY22 was 2,21,000 tonnes, up by 9 per cent as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines.