Today’s top morning headlines - 2nd April 2024

Good Afternoon

Top gainer: BPCL:617 ▲ 16 (+2.8%)
Top loser: Hero MotoCorp : 4,530 ▼ 150 (-3.2%)

:star: Infosys trades lower on receiving tax demand notice worth ₹341 crore
Infosys received a tax demand notice from the Income Tax department for the assessment year of 2021-22 for ₹341 crore. In addition, the company’s one of the subsidiaries received a refund order of ₹15 crore for the assessment year of 14-15.

:star:Consumer durable stocks jump on IMD’s above normal summer prediction
All major consumer durable stocks will remain in focus as IMD predicted above-normal temperatures during this summer and longer heat waves from April to June. Blue Star (+3.4%), Havells (+2.4%), Voltas (+3.4%), Amber enterprises (+2.3%)

:star: Aditya Birla Fashion shares jump 10% on demerger of Madura Fashion
The company’s board has approved the demerger of Madura Fashion & Lifestyle business from Aditya Birla Fashion into a separate listed entity. Following this, the stock is trading 10.4% higher on the NSE.

:star: TVS Motors reports highest yearly sales ever
The company registered a growth of 14% with total sales increasing from 36.82 Lakh units in FY23 to 41.91 Lakh units in FY24. The stock is trading