The benchmark Sensex rebounded by 167 points in volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and a…

The Securities and Exchange Board of India (SEBI) on Thursday asked 15 guest experts including Nirmal Kumar Soni, Partha Sarathi Dhar, Simi Bhaumik, Mudit Goyal, Himanshu Gupta, Ashish Kelkar and Kiran Jadhav, appearing on the Zee Business news channel to pay ₹7.41 crore for the “unlawful gains” that they made…

Benchmark stock indices Sensex and Nifty tanked around 1 per cent on Thursday, dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI’s monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 723.57…

Headquartered in Bhilai, Chhattisgarh, Atmatsco is offering 73.05 lakh shares, of which 54.80 lakh will be a fresh issue and 18.256 lakh shares through an offer-for-sale (OFS). The stock will be listed on NSE Emerge. The issue size is ₹60 crore. The proceeds from the IPO will be used for…

Indraprastha Gas Ltd (IGL) has signed a memorandum of understanding with two technology partners during India Energy Week 2024 to establish compressed biogas (CBG) plants, a stock exchange filing revealed. The CBG plants will be established across four States — Delhi, Haryana, Rajasthan, and Uttar Pradesh. The MOUs were signed…

Benchmarks BSE Sensex and NSE Nifty advanced on buying in IT stocks and expectations of a status-quo in the policy rates of the Reserve Bank of India (RBI) which is set to announce its revised monetary policy on Thursday. Besides positive global cues, investors’ interest in oil as gas stocks…

Target: ₹3,720 CMP: ₹3,740.30 Sundaram Finance reported 6 per cent q-o-q decline in disbursements due to muted growth in automotive sector and lesser than expected economic activity in Q3. Margins were impacted due to rise in CoF (down 49bps YoY and 15bps QoQ) while interest yields increased y-o-y and q-o-q.…

Target: ₹3,100 CMP: ₹2,884.50 Kaynes Technology Q3 revenue surged 76 per cent y-o-y to ₹510 crore, 10 per cent higher than our estimates. Revenue was led by healthy B2B demand and strong order backlog. Revenue from the industrials segment spiked 217 per cent y-o-y to ₹270 crore on rising import…

Benchmark Sensex fell back by 354 points on Monday due to selling in index major Reliance Industries, Bharti Airtel, and Maruti amid weak trends from Asian and European markets. Also read: L&T bags onshore project from IndianOil Adani Ventures  The 30-share BSE Sensex declined by 354.21 points or 0.49 per…

We recommended that investors buy the stock of Gujarat Fluorochem (GFCL) in December 2022, then trading at 24 times one-year forward earnings (FY24). The stock has since delivered 28 per cent returns and is now trading at even higher forward earnings of 40 times FY25 expected EPS. The company is…

Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI’s interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would…

The week gone by had it all. Resurfacing jitters of regional banking crisis in the US resulted in bond yields collapsing significantly in early part of the week. Then, a hawkish Fed pushing back expectations of interest rate cuts last Thursday, was followed by a significantly hotter-than-expected US monthly jobs…

Apeejay Surrendra Park Hotels Ltd, which runs hotels under the “The Park” brand, has mobilised ₹409.5 crore from anchor investors days before its initial public offering. The company has decided to allocate 2.64 crore equity shares to 37 funds at ₹155 apiece, which is also the upper end of the…

Delta-neutral trades require active management. These are trades that involve taking long positions in, say, lower strike calls and short positions in higher strike calls such that the delta of the long position is equal to the delta of the short position. The strategy is typically setup to bet on…

An election year typically throws fiscal discipline astray. Just not this time. The interim Budget showed the government’s unwavering commitment to fiscal conservatism and growth alike. The upshot? Lower government borrowings. That, in turn, offers a dual benefit — of higher availability of credit for private sector capital expenditure and…

The initial public offering of BLS E-Services will close for public subscription today. The issue has received a strong response from retail investors and high net worth individuals. The IPO that plans to raise ₹311 crore, has a price band of ₹129-135 and a market lot of 108 shares. The…

The NSE Nifty was down 0.04 per cent or 7.65 points at 21,718.04 points, while the BSE Sensex was at 71,725.06, down by 0.04 per cent or 27.05 points. A total of 2,918 stocks were actively traded, 1,662 advanced, while 1,164 declined and 92 stocks remained unchanged, where 245 stocks…

U.S. stocks closed sharply lower on the last trading day in January after the Federal Reserve held interest rates steady while reiterating that despite progress, inflation risks remain and dashed hopes for an interest rate cut as soon as March. The three major U.S. stock indexes were already weighed down…

Benchmark equity indices climbed nearly 1 per cent on Wednesday on buying in HDFC Bank and Reliance Industries. Investors are eyeing the two important events lined up ahead—the interim budget and the US Fed interest rate decision—to derive further cues from. Recovering all the early lost ground, the 30-share BSE…

Shares of Bajaj Finance slumped over 5 per cent on Tuesday after the NBFC highlighted rising stress in its rural and urban B2C loans portfolios in its Q3 earnings. On January 30, the stock fell 5.4 per cent to Rs 6,805 on the NSE. However, it later pared some less…

Benchmark equity indices declined on Tuesday, a day after recording sharp gains, with the BSE Sensex falling over 1 per cent due to selling in Reliance Industries, ITC and Bajaj Finance. The 30-share BSE Sensex fell by 801.67 points or 1.11 per cent to settle at 71,139.90. During the day,…

Sundaram Mutual Fund said that its latest new fund offer of the Multi-Asset Allocation Fund has garnered ₹1,890 crore, with participation from over 83,000 investors. “This milestone marks a significant achievement for the brand, making this its 2nd largest NFO,” the company said in a statement. The NFO was open…

Benchmark equity indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2 per cent, on heavy buying in Reliance Industries and a rally in Asian markets. The BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85…

Indian companies wanting to list on the international exchanges at GIFT IFSC may face a number of roadblocks. The norms that were notified on Wednesday allow only the ‘permissible holder’ to invest, trade, or hold equity shares of Indian companies listed on international exchanges. The permissible holder is not a…

Tiger Global-backed wealth management start-up ended 2023 with 7.6 million active traders, as per data from the NSE. Also read: Companies opting for IFSC listing may face several bumps While Zerodha had around 6.7 million active traders, Mumbai-based AngelOne ended the year at the third spot with 5.3 million active…

Investing in the stock market for the long term is safe and rewarding, says Monika Halan, a prominent personal finance writer and television personality.  In a conversation with businessline, at the HinduLitForLife event here today, Monika took the hypothetical case of “the unluckiest investor” to illustrate her point.   Suppose…

What is the outlook for Petronet LNG for the next two-three months? I am holding the stock and my average purchase price is ₹228. Can I exit at current levels? Ashish Petronet LNG (₹256.60): The outlook is bullish. Petronet LNG share price has been rising since December last year. This…

The short-term outlook turned positive for the stock of Infosys (₹1,669.1). The IT major finds immediate support at ₹1,560 and ₹1,427. The nearest resistance is at ₹1,720. A close above that level will trigger a fresh rally. In that event, the stock can reach ₹1,815. We expect the stock to…

Technology-backed service provider BLS E-Services Ltd has set a price band of ₹129-135 per share for its initial public offering (IPO), that will open for bidding on January 30. Also read:IPO screener: Nova Agritech’s blockbuster issue closes today The issue will open for public subscription on January 30, and close…

The initial public offering of Nova Agritech saw overwhelming response from all category investors with the issue being subscribed over 109 times, as non-institutions bid aggressively. The IPO, which came out with a price band of ₹39-41, received bids for 277.94 crore shares against 2.54 crore shares (net off anchor…

Titagarh Rail Systems Limited’s shares were up by 1.95 per cent after the company along with Amber Group reported an alliance. The collaboration involves a joint investment of up to ₹240 crore in a special purpose vehicle (SPV), where TRSL and Amber Group’s subsidiary, Sidwal Refrigeration Industries Pvt Limited, will…

Tata Metaliks has fixed February 6 as the record date for the proposed merger with Tata Steel. According to the scheme of amalgamation, TML shareholders will be entitled to receive fully paid-up ordinary equity shares of Tata Steel Ltd on face value ₹1 each, in the share exchange ratio of…

Equity benchmark indices witnessed a see-saw movement in the early trade on Wednesday amid high volatility, as investors rushed to book profit in high-value stocks. The BSE Sensex fell 316.75 points or 0.45 per cent to 70,053.58 points in the opening trade but soon regained the lost ground to trade…

Shares of Medi Assist Healthcare Services ended with a premium of 11 per cent on Tuesday at ₹464.25 on the BSE against the issue price of ₹418. During the day, the stock hit a high of ₹509.60 and a low of ₹446 after listing at ₹465. On the NSE, after…

Shares of ICICI Bank hit a record ₹1,059.4 on Tuesday after its third-quarter profit beat estimates on robust loan growth and margins met expectations. The private lender rose as much as 5 per cent in the session and was the sole stock posting gains on the Nifty Bank index, which…

Japan’s Nikkei share average rallied to a fresh 34-year peak on Monday as the US S&P 500’s record-high close on Friday buoyed investor sentiment, despite continued signs of overheating in the Asian market. The Nikkei climbed as much as 1.59 per cent to 36,535.36, a level not seen since February…

Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up. The Japanese entertainment giant sent a termination letter to Zee…

Britannia Industries (₹5,163.2) Rally to resume Britannia Industries’ share price has been on a decline since the beginning of this year. It fell off ₹5,375, thus indicating that this is a resistance. But towards the end of last week, there was a bounce in price as the stock found support…

The initial public offering (IPO) of the Noida-based contract manufacturer of room airconditioner (RAC), EPACK Durable, opened on January 19 and will accept subscriptions till January 23, 2024. The total offer is worth around ₹640 crore out of which ₹400 crore is fresh issue and ₹240 crore is an offer…

At bl.portfolio, we had started taking a cautious approach to IT stocks since mid-2021 when valuations started getting frothy. Since then, there has been quite a significant time-wise, and also in many cases, absolute correction in stocks in the sector. In this context, HCL Technologies was amongst the few stocks…

Domestic markets are likely to open flat and remain listless today. The focus will be on big ticket banking and finance companies such as ICICI Bank, Kotak Mahindra Bank, Can Fin Homes, IDBI, IDFC First Bank and IREDA. Participation from global investors will be low and even domestic investors will…

Equity and derivatives markets of BSE and the National Stock Exchange will function normal on Saturday i.e. from 9:15 a.m. to 3:30 p.m., without the planned disaster recovery movements. However, the markets will remain shut on Monday, as the Maharashtra Government has declared public holiday under the Negotiable instruments Act.…

The ₹640-crore initial public offering of Epack Durable will open for public subscription today and close on January 23. The IPO comes with a price band of ₹218-230 and the market lot is 65 shares. The company has reserved not more than 50 per cent of the shares in the…

Global financial advisory firm BNP Paribas expects Nifty to post a high single-digit return in 2024 while domestic brokerage Emkay Global Financial anticipates an 11 per cent return. “While most factors remain favourable for Indian equities in 2024, valuation comfort has reduced, and we see limited upside,” said BNP Paribas,…

Benchmark equity indices Sensex and Nifty tanked in early trade on Thursday, falling for the third day running, as investors continued to book profits after the recent record-breaking rally. Also, fresh foreign fund outflows dampened the mood. The BSE Sensex tanked 561.05 points to 70,939.71. The Nifty plunged 165.6 points…

Benchmark indices went into a free fall on January 17, tanking over two per cent, to post their biggest single-day loss in the last one-and-a-half years. HDFC Bank’s disappointing third quarter results, along with hawkish Fed commentary, escalating tension in West Asia, and weak GDP numbers from China, spooked investors.…

The BSE Sensex declined by 722.22 points or 0.99 per cent as of 9:55 am on Wednesday at 72,406.55, while Nifty 50 was down by 212.60 points or 0.96 per cent at 21,819.70. As of 10:04 am, all sectoral indices, except for media, traded in the red, with Nifty Bank…

Target: ₹4,020 CMP: ₹3,573.80 Our interactions suggest that investors are concerned about the security situation in the Middle East, following attacks on ships in the Red Sea by Houthi rebels in Yemen. In our view, a key material negative development is the rise in ocean freight costs, which can have…

India’s benchmark index Nifty 50 is set for a muted start on Tuesday, tracking Asian peers ahead of key economic data from China, after a recent rally to record highs. India’s GIFT Nifty was trading at 22,107 as of 7:58 a.m. IST, suggesting the NSE Nifty 50 will open near…

Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run powered by a rally in IT shares, Reliance and HDFC Bank. Rising for the fifth day in a row, the 30-share…

Benchmark equity indices hit record peaks in early trade on Monday, with the Sensex breaching the 73,000 milestone for the first time ever and the Nifty surging past the historic 22,000-mark, driven by a sharp rally in IT stocks. Also read: Rupee rises 18 paise to 82.77 against US dollar…

GHCL Limited’s shares were up by 2.17 per cent after the company  signed two Memorandums of Understanding (MOUs) during the Vibrant Gujarat Summit, outlining investments totalling Rs 3,450 crore in Gujarat. The MOUs were inked in the presence of the Chief Minister, Bhupendra Patel, his senior ministers, and GHCL representatives.…

Asian Energy Services Ltd clinched a contract from Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited. The contract entails the construction of plough feeders and associated civil works at the existing coal handling plant in Rajmahal, Jharkhand’s Godda district. The project is valued at Rs 21.9 crore, projected…

Veranda Learning Solutions Limited’s shares were up by 2.08 per cent after the company acquired a 50 per cent stake in Tapasya Educational Institutions Private Limited for Rs 120 crore.  The company reported, the addition of Tapasya will enhance Veranda’s ecosystem, particularly in the Commerce Higher Education space. Veranda Learning…

The Securities and Exchange Commission (SEC) on Friday charged investment banking major Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, in a front-running case. According to the US market regulator, the banking major and its employee were involved in a multi-year fraud…

Income-tax findings on an “unnamed” company perceived to be Polycab Industries and the company’s clarification failed to convince analysts. The Polycab stock corrected 21 per cent to ₹3,905 on Thursday because of a Ministry of Finance release suggesting tax evasion by the group. While retaining the “Add” rating on the…

Target: ₹362 CMP: ₹274.60 The successful debt restructuring at Vedanta parentco Vedanta Resources (VRL) removes a major overhang on the stock. The restructuring comes at a higher cost, but gives Vedanta a two-year breather to focus on ongoing aluminium/zinc capex and monetisation of steel & iron ore assets, which would…

Benchmark equity indices climbed in early trade on Thursday amid a rally in global markets and buying in Reliance Industries. The 30-share BSE Sensex jumped 341.76 points to 71,999.47 in early trade. The Nifty climbed 107.8 points to 21,726.50. Among the Sensex firms, Axis Bank, Bajaj Finserv, Bajaj Finance, Reliance…

After the successful venture into automobile sector, Sajjan Jindal-led JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about ₹6,500 crore. Sources said JSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM…

Benchmark equity indices declined in early trade on Wednesday amid fresh foreign fund outflows and a largely weak trend from global markets. Investors preferred to stay on the sidelines ahead of the start of corporate earnings season and macroeconomic data announcements later this week, traders said. The 30-share BSE Sensex…

Public sector companies or PSUs are an important resource for the Centre when it comes to fund raising but that is proving a Herculean task, especially from listed ones. By selling stake, the Centre achieves twin targets of meeting minimum public shareholding (MPS) norm for listed players and raising funds…

India has toppled Taiwan to take the second place in the MSCI EM Index, with a weightage of 17.1 per cent. The country’s representation in the index is poised to top 20 per cent in the coming months, according to analysts, which could give a further fillip to overseas flows…

Target: ₹3,600 CMP: ₹3,385.30 KEI Industries is on a healthy and sustainable growth trajectory as it is catering to diversified user industries, increasing its focus on the retail segment, strengthening its high-margin EHV, and carrying out capex to meet the rising demand. Additionally, the company has been gaining significant traction…

The board of Grasim Industries has approved ₹4,000-crore rights issue. The issue price has been fixed at ₹1,812 a rights share when fully paid-up and the record date as January 10. The rights issue will open on January 17 and close on January 29. The rights entitlement ratio has been…

Target: ₹1,400 CMP: ₹1,297.50 After underperforming its listed peers on pre-sales growth over FY21-23, we believe Sobha is set to outperform in terms of growth given its focus on unlocking its vast land reserve and exploring external growth opportunities through its healthy balance sheet. The outperformance is also expected to…

Vedanta has allotted, on a private placement basis, 3,40,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures of face value ₹ 1,00,000 each aggregating to ₹3,400 crore. Religare Enterprises Ltd on Wednesday said its Chairman Rashmi Saluja has not been issued any additional stock options of Religare Finvest, rebutting a call for…

The board of PTC Industries on Wednesday approved preferential issue of up to 2.35 lakh shares to certain non-promoters at ₹6,000 each, aggregating up to ₹141.25 crore. Among the investors are Ashish Rameshchandra Kacholia and Himalaya Finance & Investment Co (one lakh shares each). Shares of PTC Industries, after jumping…

Shares of Adani group stocks will remain in focus, as Supreme Court is set to announce its verdict on Adani-Hindenberg case today. MOIL has achieved best ever monthly production of Manganese (Mn) ore and registered production of 1.85 lakh MT in December, 2023, which is 31% higher y-o-y. In the…

Target: ₹150 CMP: ₹128.80 Zomato has raised its platform fee for food delivery services by 33 per cent, hiking it from ₹3 to ₹4 per order in key markets effective January 1, 2024. It started levying a convenience fee of ₹2 per order in August 2023, which subsequently rose to…

tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 02 January 2024. ALL UPDATES January 02, 2024 07:32 Stock Market Live Today: Fund Flow Activity: 01 January 2024 (In Cr) Turnover:…

Target: ₹202 CMP:₹185.05 Bharat Electronics Ltd, a defence public sector undertaking, is engaged in the business of Defence Electronics, especially a dominant supplier of radar, communication and electronic warfare equipment to the Indian armed forces. Besides, the government ownership leads to a sizeable inflow of orders on a nominated basis,…

The Indian equities seem poised for an eventful ride in 2024, propelled by the tailwinds of a remarkable preceding year and impressive investor returns. The upcoming journey is set against a backdrop of diverse cues, spanning from local factors like interest rates and the Lok Sabha polls to global events…

Long-term investors can buy the shares are Jubilant Pharmova (₹545.75) at current levels. The stock made a low of ₹268.60 in March and has risen well from there. It indicates that the downtrend has reversed. This rise from the above mentioned low has happened from a strong long-term trendline support.…

The National Payments Corporation of India (NPCI) is set to kick off an Application Supported by Blocked Amount (ASBA)-like facility in the secondary market from January 1. The Unified Payments Interface (UPI) for the secondary market will start its beta phase next week for the equity cash segment.  Key stakeholders…

Target: ₹3,700 CMP: ₹3,133.70 The company reported a robust growth outlook across all segments, resulting in strong earnings visibility from FY23 to FY26. The revenue contribution from the Railway and Mobility (R&M) division, which yields higher operating margins, is increasing. This is expected to improve the company’s operating profits moving…

The Friday morning market opened with a decline, following the positive start earlier in the week. NSE Nifty was down by 0.21 per cent, or 46.55 points, at 21,732, while the BSE Sensex was at 72,229.87, down by 0.24 per cent or 178 points. A total of 3,089 stocks were…

Target: ₹635 CMP: ₹ 562.15 We met Sushanth Pai, Chief Financial Officer, Matrimony.com (Matrimony). Takeaways: 10–12 per cent revenue growth (volume led) is possible in the future and will be driven by new initiatives like ‘Jodii’ and the launch of a ‘serious relationship’ platform; Marriage service could breakeven on a…

Shares of Hyderabad-based Azad Engineering will be listed on the bourses today. The company, whose IPO saw an overwhelming response from all category of investors, has fixed the issue price at ₹524, at the upper end of the price band of ₹499-525. The IPO was subscribed over 83 times. The…

Shares of RBZ Jewellers closed 5 per cent higher on listing day after opening on a dull note. The stock closed at ₹105 against the IPO price of ₹100 on the NSE, after moving between ₹96 and ₹105. On the BSE, it closed at ₹104.99. The ₹100-crore initial public offering…

Indian equities are set to end the year with a record winning streak, with the drivers of the rally transcending the nation’s largest companies. Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate,…

Maithan Alloys, manufacturers and exporters of niche value-added manganese alloys, said on Tuesday that it plans to acquire 10 lakh shares (0.202 per cent) of the National Stock Exchange. In a disclosure to the stock exchanges, the company said it entered into an agreement for the purchase of 10 lakh…

Inox Wind (IWL) on Tuesday said that it has bagged a 279 MW order from a large commercial and industrial (C&I) player for its 3 MW Wind Turbine Generators (WTGs). The scope comprises a mix of equipment supply, with limited scope EPC for 180 MW and end-to-end turnkey execution for…

Nifty 50 began today’s session with 21,295.85 versus Thursday’s close of 21,255.05. The index added gains post the open and is now at 21,340, up 0.4 per cent. The advance/decline ratio of Nifty 50 stands at 43/7, giving the index a positive bias. Like the benchmark, all mid- and small-cap…

Bank Nifty December futures (48,020) The Bank Nifty index is trading higher. The index is currently at 47,930, up 0.20 per cent. The advances/ declines ratio is at 11:1. This indicates the overall strength in the index. HDFC Bank, down 0.6 per cent, is the only stock in the red. Kotak…

Benchmark equity indices began the trade on an optimistic note on Friday tracking firm global market trends. The 30-share BSE Sensex climbed 180.55 points to 71,045.65 in early trade. The Nifty went up by 58 points to 21,313.05. However, both the benchmark indices faced volatile trends after early optimism but…

Nifty could hit the 24200 level in 2024, driven by heavyweight stocks from the BFSI, auto, cement and healthcare sectors, ICICIdirect has said in its latest Quant Yearly Outlook report. The Nifty was up by 119.10 pts or 0.56 per cent at 21,379.10 as of 11:30 am on Friday. The…

Target: ₹320 CMP: ₹250.15 In our view, PCBL’s stock price is not factoring in the value of its recently acquired Aquapharm business. Besides, PCBL’s recent JV with Kinaltek takes it further away from its traditional carbon black business. Aquapharm’s biodegradable chelating agents (such as GLDA, HEIDA, and PESA) are rapidly…

Target: ₹4,600 CMP: ₹3,961 Siemens, in its analyst meet, highlighted growth opportunities across segments, plans to demerge its energy division, and plans to increase localization across segments. The company is optimistic about growth prospects in the domestic market across government and private capex. It is also positive about opportunities emerging…

AXISCADES Technologies stock surged 10 per cent to hit a 52-week high on the NSE, it traded at ₹675 as of 1:40 pm on Friday. The Bengaluru-based engineering solutions provider had recently acquired EPCOGEN Pvt Ltd for ₹26.25 crore, with an additional three-year earnout of ₹7 crore based on performance. With…

Target: ₹1,000 CMP: ₹857.10 The company’s ongoing capacity expansion at its subsidiary UCWL (Udaipur Cement Works Ltd) of a 2.5 mtpa grinding unit is progressing well and is expected to commercialise in Q1-FY25. The clinker unit (1.5 mtpa) is already operational and getting stabilised. Clinker produced at UCWL will be…

PVR Inox has launched its 14th multiplex in Gurugram, Haryana. The 3-screen multiplex is located in IRIS Broadway, Sector 85, on NH-8, Dwarka Expressway. The screens are equipped with the latest technology, including a 4K Laser Projection System providing razor-sharp visuals, 7.1 Dolby sound and 3D view powered by Volfoni.…

Target: ₹185 CMP: ₹167.25 Bharat Electronics (BHE) has received several order inflows aggregating ₹8,790 crore in Q3-FY24 to date. Until FY24 YTD, cumulative order inflows stood at ₹23,170 crore vs guidance of ₹20000 crore in FY24, 16 per cent ahead of the target. Considering the past year’s order inflows, we…

Aurobindo Pharma Ltd has informed the stock exchanges that the company’s wholly-owned subsidiary APL Healthcare Ltd. has received establishment inspection report (EIR) from the USFDA, classifying its manufacturing facility at Tirupati, Andhra Pradesh, as ‘voluntary action indicated’ (VAI). The US FDA conducted an inspection at the company’s unit situated at…

Public sector banks have continued their good run on the bourses this year with the Nifty PSU Bank index gaining 33 per cent in the year to date. For two- and three-year periods, the index is up 123 per cent and 226 per cent, respectively. “The difference in financials and…

The benchmark indices continue to trade flat on Tuesday, BSE Sensex is up by 102.25 points or 0.14 per cent at 71,417.34 as of 12:13 pm, while the Nifty 50 is up by 16.90 pts or 0.08 per cent at 21,435.55. On the BSE, 3,764 stocks were traded as of…

Crisil Ratings has downgraded its rating on non-convertible debentures of Bandhan Bank Ltd to ‘Crisil AA-/Stable’ from ‘Crisil AA/Negative’ and reaffirmed its ‘Crisil A1+’ rating on the certificate of deposits. The rating action reflects the longer than anticipated delay in restoration of asset quality and overall profitability of the bank,…

Ambuja Cements, an Adani Group company, has committed an investment of Rs 6,000 crore in green power projects of 1000 MW by FY’26. The investment includes a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan. The new project line-up includes a 600 MW solar…