Raymond Group has announced the acquisition of a 59.25% stake in Maini Precision Products Limited (MPPL) for Rs 682 crores, which will be financed through a combination of debt and internal funds. This transaction is contingent upon the necessary regulatory approvals and is anticipated to be finalised within the current fiscal year. This strategic acquisition …
Indian headline indices continued their uptrend today, primarily driven by the robust performance of the real estate, consumer durables, and oil & gas sectors. NBCC (India) Ltd, a prominent player in the civil construction sector, gained attention with its recent announcement regarding substantial project awards to its wholly-owned subsidiary, HSCC (India) Limited. The order is …
In the world of stock market indices, the NIFTY 50 and NIFTY Alpha 50 are well-known benchmarks that represent the performance of the Indian stock market. While both indices are part of the NIFTY family, they serve different purposes and have distinct characteristics. NIFTY 50: The Iconic Benchmark The NIFTY 50, often referred to simply …
At 11 am, Marksans Pharma shares were trading at Rs 113.45, up by 6.44% from its previous closing of Rs 109.40 on the BSE. Marksans Pharma’s wholly owned subsidiary, Time-Cap Laboratories, Inc. has received the Establishment Inspection Report (EIR) from US Food & Drugs Administration (USFDA) for an audit conducted in October 2023. No 483’s …
The Sensex and Nifty are both on an upward trajectory, marking surges of 0.55% and 0.60%, respectively. In parallel, the Nifty Midcap and Nifty Smallcap segments are also exhibiting higher momentum, up by 0.65% and 1.35%, respectively. Examining the constituents of the Nifty 50 index, notable gainers include Apollo Hospitals, Adani Ports and Tata Motors. …
Adani Ports and Special Economic Zone Ltd (APSEZ), a prominent integrated transport utility in India and a member of the diversified Adani Group, achieved a remarkable milestone in October 2023 by handling a total cargo of 37 million metric tons. This represents a substantial YoY growth of 48%. Interestingly, this is the first time in …
The benchmark index S&P BSE 500 opened today at 26,902.74 and made its day high at 26,962.75 and it is trading in green today, up by 0.65% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more …
Tuticorin Alkali Chemicals and Fertilizers Limited (TFL) operates in the realm of commodity chemicals, specializing in the production of various Soda Ash grades and co-producing Ammonium Chloride Fertilizer. Nestled in Tuticorin, Tamil Nadu, the facility is adjacent to the SPIC Fertilizer Plant, where it plays a pivotal role in the chemical manufacturing landscape. Established in …
The Fineotex Group includes Fineotex Chemical Limited (FCL), established as a public limited company in 2004. FCL, listed on both the Bombay Stock Exchange (since March 2011) and the National Stock Exchange (since January 2015), is a key player in the speciality chemicals and enzymes manufacturing sector, offering a wide range of products for various …
On Friday, the benchmark indices were trading higher with the Sensex up around 416 points or 0.65% at 64,495 and the Nifty-50 up around 131 points or 0.68% at 19,265. About 2,402 shares have advanced, 943 declined, and 156 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …
