The mined metal production of Hindustan Zinc for the quarter ended March FY24 declined 1 per cent YoY to 299 kt, but the same increased 11 per cent on a sequential basis,
"Our collaboration with J&K Bank will focus on innovative financing solutions for inventory funding for our dealer partners," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said.
The lender has set the floor price for the issue at Rs 112.66 per share, reflecting a discount of 10% from the company s previous closing price of Rs 125.1 on the BSE.
The J&K Bank QIP opened on December 11, with the J&K Bank approving the floor price of the QIP at Rs 112.66 per share. The lender said it would, at its discretion, offer a discount of not more than 5 per cent on the floor price.
"In PSU bank space, Canara Bank reported stronger numbers. That should do well. From the Covid lows, the stock has already done two-and-a-half, three times. The next is Bank of Baroda. In the large names beyond SBI, these two should do well. Thirdly, Jammu & Kashmir Bank stock was a doubler in a year, year-and-a-half, similar to most of the PSU names. "