LT Foods rose 1.13% to Rs 359.20 after the FMCG company announced an expansion into Saudi Arabia with new office in Riyadh, aiming to tap $2 billion rice and rice-based food markets in Kingdom of Saudi Arabia (KSA).
Posts in category Business Standard
Paisalo Digital board to mull fund raising on Nov 28 (26-11-2024)
Paisalo Digital rose 1.70% to Rs 49.62 after the company said that its board of directors will meet on 28 November 2024, to consider raising funds through appropriate instruments, subject to necessary approvals as may be required.
Vodafone Idea Ltd leads gainers in ‘A’ group (26-11-2024)
Tata Teleservices (Maharashtra) Ltd, Triveni Turbine Ltd, Garden Reach Shipbuilders & Engineers Ltd and Marksans Pharma Ltd are among the other gainers in the BSE’s ‘A’ group today, 26 November 2024.
NTPC Green Energy IPO listing tomorrow: Here’s what investors can expect (26-11-2024)
Market analysts remain optimistic on the long-term outlook but expect a muted listing gain for the company’s shares
Sagility India surges as Q2 PAT zooms to Rs 117 cr in FY25 (26-11-2024)
Sagility India zoomed 9.98% to Rs 31.52 after the company’s consolidated net profit surged 235.64% to Rs 117.34 crore on 21.10% rise in revenue from operations to Rs 1,325 crore in Q2 FY25 over Q2 FY24.
LT Foods expands presence in Saudi Arabia’s $2 bn rice market; stock up 5% (26-11-2024)
LT Foods stock has corrected 16 per cent from its 52-week high of Rs 447.95 reached on September 9, 2024, while soaring 134 per cent above its 52-week low of Rs 160.05 touched on March 14, 2024
Kwality Pharma gains on receiving nod for PEGylated-Asparaginase (26-11-2024)
Kwality Pharmaceuticals advanced 2.69% to Rs 875 after the company announced that it has successfully received domestic and export product approvals for the manufacturing and sale of its biological product, PEGylated-Asparaginase.
BSE to reshuffle key indices, Zomato to enter Sensex (26-11-2024)
The flagship BSE Sensex will see a notable update, with JSW Steel being removed and Zomato making its debut.
Zomato rises on launching QIP with floor price of Rs 265.91/share (26-11-2024)
Zomato added 1.33% to Rs 277.25 after the company’s board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 265.91 per share.
MSMEs should strive for greater credit discipline and continue to embrace formalisation (26-11-2024)
MSMEs should strive for greater credit discipline which starts with careful selection of the appropriate credit product suited to their requirements and cash flows, according to Swaminathan J, Deputy Governor, Reserve Bank of India. He noted in a latest speech that MSMEs should prioritise formalisation. Many MSMEs operate informally, making it challenging for lenders to assess their creditworthiness due to information asymmetry, particularly regarding their financial performance. By registering on the Udyam Portal and filing GST returns, MSMEs can enhance the transparency over their level of business activity and financials. This will enhance their credibility and may qualify them for priority sector lending and government schemes, by reinforcing their trustworthiness in the eyes of financial institutions.