Trading in Gift Nifty indicates a flat opening on Friday and another dull day for domestic markets. Amid mixed global cues, domestic benchmarks are expected to remain range-bound while action will be on the broader markets, said analysts. Stock-specific action will continue based on Q2-FY25 performance, they added. Vikram Kasat, Head – Advisory, PL Capital –…
The board of Coromandel International has approved an investment outlaynof around Rs 800 crore to expand its fertiliser manufacturing capacity and set up plants to make fungicides. The company will enhance granulation capacity by 7.5 lakh tons per annum for manufacturing of complex and unique fertilisers at Kakinada, Andhra Pradesh. It will also set up…
Sensex, Nifty updates on October 24, 2024: Stock markets closed marginally lower on Thursday, taking their downtrend to the fourth day running as unabated foreign fund outflows and disappointing earnings from Hindustan Unilever dented investor sentiment. In an uninspiring trade, the BSE Sensex dipped 16.82 points or 0.02 per cent to settle at 80,065.16. During…
Hindalco Stocks, Hindalco Share Price News October 24, 2024: Shares of Hindalco Ltd traded nearly 6% lower in early trade on Thursday. The stock emerged among the top losers in the Nifty 50 pack. Analyst of Prabhudas Lilladher stated that Hindalco is losing on the day, as fears spill over from rival Constellium’s downbeat forecast….
Waaree Energies Limited’s initial public offering (IPO) closed on October 23, 2024, with robust demand from qualified institutional buyers (QIBs), achieving an overall subscription of 76.34 times. The QIB portion saw the highest interest with 208.63 times subscription, representing bids for 121.79 crore shares against 58.37 lakh shares on offer. The non-institutional investors (NIIs)…
Reliance Power said it has received shareholders’ approval to raise ₹1,524.60 crore through issuance of preferential shares. A resolution through a postal ballot notice has been passed with requisite majority, the company said in a late-night stock exchange filing on Wednesday. According to the postal ballot notice, the company will raise up to ₹1,524.60 crore…
Parliament’s Public Accounts Committee (PAC) on Thursday postponed its sitting after SEBI chairperson Madhabi Puri Buch and other officials expressed inability to attend the meeting, panel chairperson K C Venugopal said. Buch, under a cloud over allegations of conflict of interest levelled by US-based short-seller Hindenburg, was asked to appear before the PAC, which is…
HUL Stocks, Hindustan Unilever Share Price News October 24, 2024: Shares of HUL plunged 6% on Thursday. FMCG major Hindustan Unilever Ltd posted a 2.3 per cent decrease in consolidated net profit at ₹2,595 crore for the quarter ended in September against .₹2,657 crore reported in the same quarter last year. ALL UPDATES October 24,…
Indian equity markets traded mixed in afternoon trading on Thursday, with the benchmark Sensex at 80,061.23, down 20.75 points or 0.03 per cent, while the Nifty50 declined 30.85 points or 0.13 per cent to 24,404.65 at 12.31 PM. Banking and financial stocks provided support to the market, with the Nifty Bank index gaining 0.70 per…
SEBI’s recent circular on investments from land bordering countries through alternative investment funds (AIFs) may add another layer of complexity in the manner in which Press Note 3 (PN3) norms are interpreted for such funds. PN3, issued in 2020 by DPIIT, necessitated prior government approval for foreign direct investment (FDI) by entities based in any…
