Stocks that will see action today: November 1, 2023
[ad_1] Automobile stocks: A host of companies from automobile space such as Tata Motors, Maruti Suzuki, M&M, Ashok Leyland, Escorts, Eicher Motors, Bajaj Auto, TVS Motor, Hero MotoCorp and others will start declaring their monthly sales figures of October. Analysts expect a robust sales figures, due to festive season. Shares will react accordingly to their […]
GE T&D bags orders from Power Grid Corporation, shares rise
[ad_1] GE T&D India Ltd’s shares were up 4.99 per cent after the company won orders worth approximately Rs 500 crore from Power Grid Corporation of India (PGCIL). The contract involves the supply of 765 kV Power Transformers and Shunt Reactors for transmission system projects, primarily in Rajasthan. Sandeep Zanzaria, MD & CEO of GE […]
FPIs trim holdings in Adani Group cos in Q2
[ad_1] Several foreign funds, including those based in Mauritius, have reduced their holding in the Adani Group companies for the quarter ended September (Q2). Elara India Opportunities Fund’s holding in flagship Adani Enterprises has dropped below 1 per cent in Q2 from 1.35 per cent in the June quarter, data from primeinfobase.com show. The fund’s […]
Analysts bullish on DLF as real estate boom continues
[ad_1] DLF Ltd. will announce its results for the quarter ended September today. According to the average of analysts’ estimates calculated by Bloomberg, DLF could report a net profit of ₹563.2 crore and a revenue of ₹1,586.3 crore in the quarter under review (July – Sept). Also read: DLF eyes 19-20% more retail rental revenue […]
Brightcom Independent Director Nilendu Chakraborty resigns as regulatory actions take toll
[ad_1] Former Tata group executive Nilendu Narayan Chakraborty has tendered his resignation as Independent Director of the Brightcom Group, citing health issues and higher board responsibilities, following the exits of key operating personnel. Chakraborty, who was appointed in December 2021, said the recent actions by statutory authorities against the company and key executives had resulted […]
El Nino-hit Indian agriculture output triggers concerns over rural economy
[ad_1] India’s agricultural production is likely to be affected by the El Nino-induced vagaries in the weather and climate. According to the Ministry of Agriculture and Farmers Welfare’s first advance estimates of the agricultural production, the output in almost all kharif crops, barring tur (pigeon pea) is lower. Also Read: India’s kharif rice, pulses and […]
SEBI imposes penalties on 13 entities in Sharepro fraud case
[ad_1] Market regulator Securities and Exchange Board of India (SEBI) on Friday slapped a penalty of between ₹5 lakh and ₹15 crore on 13 notices in a matter of fraud committed by share transfer agent Sharepro Services (India). According to SEBI, at least securities worth Rs 60.45 crore and dividends worth ₹1.41 crore of genuine […]
Blue Jet Healthcare issue subscribed 8 times
[ad_1] The initial public offering Blue Jet Healthcare was subscribed 7.95 times on the last day of the issue closing on Friday. The issue, which came out with a price band of ₹329-346 received decent interests from all category investors. While the portion earmarked for qualified instituitional buyers was subscribed 13.72 times, the quota for […]
Stocks that will see action today: October 27, 2023
[ad_1] Lemon Tree Hotels has signed a licence agreement for a 50-room property in Visakhapatnam, Andhra Pradesh, under the brand Red Fox Hotels. The hotel is expected to be operational by FY 2026. Oberoi Realty has divested its entire 31.67 per cent stake in a joint venture with Sangam City Township for Rs 3.6 crore. LIT […]
Sensex dips over 800 points on worsening global headwinds, Nifty down 270 points
[ad_1] Global headwinds continue to roil equity markets, which tumbled for a sixth straight session on Thursday, to their lowest level in four months. The BSE Sensex fell 850 points to 63,119, while the NSE Nifty 50 lost 270 points. The Sensex pulled up a little by 1 pm, when it was down by 798 […]