Adani Group’s Ambuja Cements Ltd (ACL) has made headlines today by revealing its acquisition of Sanghi Industries Ltd (SIL) for an enterprise value of Rs 5,000 crore. The deal involves Ambuja Cement purchasing 56.74% of Sanghi Industries shares from its current promoter group, Ravi Sanghi & family. Moreover, the entire acquisition will be financed through …
The stock market consists of various participants who engage in buying and selling numerous shares. These participants can be categorized into retail investors, large investors, and institutional investors. Retail investors are typically smaller investors, while large investors are individuals with high net worth. A bulk deal is a type of transaction where a minimum of …
Indian benchmark indices experienced a sharp sell-off and extended losses during today’s trading session. The BSE Sensex plunged 0.82% to 65,240 level at the close. The Nifty 50 index tumbled 0.74% to a level of 19,381. BSE Metals was one of the worst-performing sectors, losing more than 1% primarily due to a steep decline in …
Sterling and Wilson Renewable Energy Limited (SWRE), a leading home-grown renewable EPC, announced that it has won orders worth Rs 826 crore in the first four months of FY 2023-24. The orders aggregate to around 1 GWp and include projects in Rajasthan, Uttar Pradesh and Gujarat. Scope of work for all projects include design, construction …
IndiGo airlines operating under the name of InterGlobe Aviation Ltd has reported its unaudited financial results yesterday after the market closer for the quarter that ended on June, 30 2023 or Q1FY24. Talking about the financials for Q1FY24 on a consolidated basis in comparison to the same quarter last year, the company’s net profit for …
The benchmark index S&P BSE 500 opened today at 26,671.57 and made its day high at 26,782.34 and it is trading almost flat, down by around 0.04%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than …
On Thursday, the benchmark indices were trading lower with Sensex down around 190 points or 0.29% at 65,592 and the Nifty-50 down around 47 points or 0.24% at 19,480. About 1,701 shares have advanced, 1,517 declined, and 167 are unchanged on the BSE. Top gainers and losers on BSE Sensex Index are as follows: The …
On Wednesday, the shares of Supriya Lifescience closed at Rs 274.85, up by 6.16% from its previous closing of Rs 258.90 on the BSE. Supriya Lifescience has collaborated with Plasma Nutrition, Inc, a renowned United States-based company known for innovative consumer products located at Delaware. The strategic partnership involves an exclusive technology licensing agreement, granting …
The Indian headline indices suffered a bloodbath in today’s trading session, plunging around 1% as a result of weak global cues. While all sectoral indices were trading down, the metals, power and utilities sectors suffered the most. Broader indices underperformed the main indices. Shares of MPS Ltd, the top BSE Smallcap gainer, were locked at …
Cholamandalam Investment and Finance Company Ltd reported unaudited financial results for the quarter that ended in June 2023 or Q1FY24 on July 29, 2023. The company also reported it has plans to raise a total of Rs 38,000 crores through the issuance of secured/unsecured redeemable non-convertible debentures on a private placement basis. Additionally, they intend …
