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Posts in category Business Standard
Cyient join hands with Deutsche Aircraft (28-03-2024)
Cyient announced a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) located in Weing, Munich to design 40-seater turboprop aircraft.
Stock Market LIVE: Sensex opens 150pts up, Nifty at 22,150; Bajaj twins up (28-03-2024)
Stock market Update on Thursday, March 28: Power Grid, Bajaj Finserv and IT shares were the early movers.
Stocks to watch: Maruti Suzuki, NHPC, Dr Reddy’s, Biocon, REC, GOCL Corp (28-03-2024)
Stocks to watch on March 28: Adani Power has awarded a contract valued at Rs 4,000 crore to Bharat Heavy Electricals for the establishment of a thermal power plant in Chhattisgarh
Gold price climbs Rs 10 to Rs 66,940, silver falls Rs 100 to Rs 77,100 (28-03-2024)
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 61,360
Seacoast Shipping Services standalone net profit declines 98.48% in the December 2023 quarter (28-03-2024)
Sales decline 74.79% to Rs 27.99 crore
Ansal Properties & Infrastructure reports consolidated net profit of Rs 26.32 crore in the December 2023 quarter (28-03-2024)
Sales rise 48.81% to Rs 137.05 crore
Quasar India standalone net profit declines 53.66% in the December 2023 quarter (28-03-2024)
Sales rise 537.96% to Rs 8.74 crore
Nifty IT, Nifty Auto signal downtrend on charts: Here’s how to trade (28-03-2024)
The Nifty Auto Index, currently trading at 21146.20, is showing signs of short-term underperformance, as indicated by its overbought condition and negative divergence on technical indicators
PPFAS Mutual Fund buys 6.2 million shares of ZEEL for Rs 88 crore (27-03-2024)
PPFAS Mutual Fund on Wednesday bought over 62 lakh shares of Zee Entertainment Enterprises Ltd (ZEEL) for Rs 88 crore through an open market transaction.
PPFAS Mutual Fund through its affiliate Parag Parikh Long Term Value Fund acquired the shares of Mumbai-based ZEEL on the National Stock Exchange (NSE).
According to the bulk deal data available with the NSE, Parag Parikh Long Term Value Fund acquired 62.22 lakh shares of Zee Entertainment Enterprises.
The shares were bought at an average price of Rs 141.44, taking the deal value to Rs 88 crore.
Details of the sellers of ZEEL’s shares could not be ascertained.
Shares of Zee Entertainment Enterprises gained 1.18 per cent to close at Rs 140.90 apiece on the NSE.
Meanwhile, in a post on X (formerly Twitter), PPFAS Mutual Fund said, “There is a bulk deal trade of Parag Parikh Flexicap Fund buying Zee Entertainment Enterprises Ltd shares reported on NSE today. We wish to clarify that this was an Arbitrage transaction.