Stocks to Watch: PNB, Marico, Bandhan Bank, Maruti Suzuki, Exide
Punjab National Bank: The lender said it has recorded a 9.7% year-on-year surge in its total deposits during the September quarter, reaching ₹13.1 trillion compared to ₹11.9 trillion in the previous year. The bank also saw a year-on-year uptick in its current account savings account which grew 2.6%. Marico: The consumer goods manufacturer said it saw a slight dip in second-quarter revenue due to rising food prices and below normal rainfall affecting rural demand.
Marico expects improved consumption trends in the second half of the fiscal year. In the domestic market, low-single-digit volume growth was seen in the three months ended September. Bandhan Bank: The bank's loans and advances grew by 4.3% QoQ and 12.3% YoY to reach ₹1.07 trillion.
Total deposits increased by 3.3% QoQ and 12.8% YoY to ₹1.12 trillion. CASA deposits rose by 10.5% QoQ and 6.5% YoY. Maruti Suzuki: The automaker said it has received a show cause notice from the Gujarat GST authority for a demand of ₹1.78 crore.
This notice for the period from July 2017 to March 2018, pertains to the reconciliation of the company's tax returns. Hindustan Aeronautics: The company on Wednesday delivered the inaugural LCA Tejas twin-seater aircraft to the Indian Air Force. HAL said this variant serves as both a training aircraft for the IAF and can also function as a fighter when needed.
The LCA Tejas twin-seater is a versatile, lightweight, all-weather 4.5 generation multi-role aircraft. Nazara Technologies: Nodwin Gaming's Singapore division has acquired the entire stake in game marketing agency Publishme for $2 million. The acquisition involves purchasing an 82.81% share from Nazara Technologies' Dubai branch for $2 million in cash and the remaining share from
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