Sales decline 41.09% to Rs 2.48 crore
Posts in category Business Standard
Santosh Fine Fab reports standalone net loss of Rs 0.61 crore in the March 2024 quarter (23-05-2024)
Cella Space reports standalone net loss of Rs 0.39 crore in the March 2024 quarter (23-05-2024)
Sales rise 5.47% to Rs 2.12 crore
Jubilant FoodWorks, Nykaa, Oil India among seven stocks to track on May 23 (23-05-2024)
At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures
Stock market guide for May 23: Nifty F&O expiry, Nvidia, ITC, IndiGo Q4 (23-05-2024)
All you need to know before the market opens on Thursday: Gift Nifty hints tepid start; IT stocks likely to be in focus post Nvidia earnings; ITC, IndiGo also to report March quarter results today.
Is it time to sell auto stocks and buy IT counters? What charts say (23-05-2024)
The Nifty IT Index is currently priced at 33,613.05, indicating a bullish trend in the near term. Given this upward momentum, the best trading strategy for traders would be to buy the index either at
Warburg Pincus exits Apollo Tyres; pares entire stake for Rs 1,073 crore (22-05-2024)
Private equity major Warburg Pincus on Wednesday exited Apollo Tyres by selling its entire 3.54 per cent stake in the tyre manufacturing company for Rs 1,073 crore through open market transactions.
US-based Warburg Pincus through its arm White Iris Investment Ltd offloaded the shares of Gurugram-based Apollo Tyres through 14 block deals on the BSE.
As per the data on the BSE, White Iris Investment Ltd sold a total of 2,24,74,903 shares of Apollo Tyres.
The shares were offloaded at an average price of Rs 477.35 per piece, taking the transaction value to Rs 1,072.84 crore.
A clutch of domestic mutual funds (MFs), an insurance company and foreign investors were among the buyers of the shares.
The entities are Edelweiss Mutual Fund (MF), Mirae Asset MF, ICICI Prudential MF, Sundaram MF, ICICI Prudential Life Insurance Company, Societe Generale, Ghisallo Master Fund LP, Goldman Sachs Investments (Mauritius) I, Morgan Stanley Asia Singapore, and Citigroup Global Markets Mauritius.
As o
Sensex rises 267 pts, Nifty gains for 5th day on buying in RIL, Infosys (22-05-2024)
Benchmark Sensex advanced 267 points while Nifty closed higher for the fifth day in a row on Wednesday amid buying in bluechips Reliance Industries and Infosys amid mixed cues from global markets.
The 30-share BSE Sensex climbed 267.75 points or 0.36 per cent to settle at 74,221.06. During the day, it jumped 354.48 points or 0.47 per cent to 74,307.79.
Extending gains to the fifth day in a row, the NSE Nifty rose by 68.75 points or 0.31 per cent to finish at 22,597.80. FMCG and realty shares supported the uptrend while banking and metal shares declined.
“Despite mixed global market sentiments ahead of the US Fed minutes, Indian markets exhibited a subtle positive trend. Investors are optimistic about stable Q4 earnings and easing election jitters that had previously increased volatility.
“Interest in the FMCG sector has risen due to the potential for an early onset of monsoon. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs
Oyo withdraws IPO papers for second time, opts for private placement (22-05-2024)
“The refinancing will result in material changes to Oyo’s financial statements. Hence as per existing regulations, it will need to revise its filings with the regulator,” the source said
Sebi slaps Rs 11.90 cr fine on 19 entities for ‘pump and dump’ scheme (22-05-2024)
Sebi on Wednesday slapped penalties totalling Rs 11.90 crore on 19 entities and also barred them from the securities market for up to five years for indulging in a pump and dump scheme of shares in the matter of Superior Finlease Ltd.
The regulator imposed fines in the range of Rs 10 lakh to Rs 5 crore on 19 entities, including Rajneesh Kumar, Ashish P Shah and Kirtidan K Gadhavi.
Further, Sebi also barred 17 entities, including Kumar, Shah, and Gadhavi from the securities markets for five years. In addition, the markets watchdog barred Jalaj Agrawal and Arvind Shukla from the securities markets for three years.
In its 54-page final order, Sebi said, “The noticees have orchestrated a wellplanned ‘pump and dump’ operation in the scrip of SFL.
“The mastermind behind this whole operation was Noticee 1 (Rajneesh Kumar), who was not just a shareholder director of SFL, but also happened to be a director of a Sebi-registered intermediary, Indian Finance Guaranty Ltd (IFGL).”
“Rajneesh Ku
Promoter of Granules India sells 3.09% stake for Rs 304 cr via open market (22-05-2024)
Krishna Prasad Chigurupati, one of the promoters of Granules India, on Wednesday pared a 3.09 per cent stake in the company for Rs 304 crore through an open market transaction.
According to the block deal data available on the NSE, Krishna Prasad Chigurupati offloaded 75 lakh shares, amounting to a 3.09 per cent stake in Granules India.
The shares were disposed of at an average price of Rs 405.08 apiece, taking the deal size to Rs 303.81 crore, as per the data on the National Stock Exchange (NSE).
According to a regulatory filing on Wednesday, Granules India said the primary objectives of the deal was to clear personal debt, to release the existing pledge on his holding in the company, and creating a small personal liquidity.
“Chigurupati further notified the company that he has no plans to sell his shareholding in Granules India Ltd in the foreseeable future.
“Post this transaction, the total promoter & promoter group shareholding in the company has changed from 41.96 per cent to