While the demerger seems to be a step in the right direction, Motilal Oswal Financial Services said they do not foresee any need to revisit its target price
Posts in category Business Standard
Indices edge lower; Nifty below 22,400 level (05-03-2024)
At 09:27 IST, the barometer index, the S&P BSE Sensex, was down 115.11 points or 0.16% to 73,757.18. The Nifty 50 index shed 34.25 points or 0.15% to 22,371.35.
Tata Motors Ltd Spikes 3.12% (05-03-2024)
Tata Motors Ltd has added 15.84% over last one month compared to 8.3% gain in S&P BSE Auto index and 2.08% rise in the SENSEX
Suzlon Energy Ltd Slips 3.89% (05-03-2024)
Suzlon Energy Ltd has lost 15.62% over last one month compared to 5.05% gain in S&P BSE Capital Goods index and 2.08% rise in the SENSEX
LTTS collaborates with Intel to scale edge-AI solutions (05-03-2024)
L&T Technology Services has announced a collaboration with Intel Corporation aimed at developing and providing scalable edge-AI solutions for a range of use cases, including Cellular Vehicle-to-Everything (CV2X) applications.
Kalpataru Projects edges higher after receiving LoI from Saudi’s energy major Aramco (05-03-2024)
Kalpataru Projects International (KPIL) added 2.48% to Rs 1023.70 after the company announced that it has received letter of intent (LoI) from Aramco for carrying out EPC work for the Master Gas System Network (MGS‐3) in Saudi Arabia.
Godrej Properties successfully bids for development of land parcel in Noida (05-03-2024)
Spread over ~ 6.46 acres, the land is strategically located in Sector 44, one of the most prime locations in Noida. The land parcel will offer ~1.4 million square feet of development potential and an estimated
revenue potential of ~ INR 3,000 crore* comprising premium residential apartments of varied configurations. This will be the sixth project of Godrej Properties in Noida. With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida offers a high-quality lifestyle and good connectivity.
Control Print announces incorporation of step-down subsidiary in Italy (05-03-2024)
The company’s purpose is the development, production and marketing of innovative products with high technological value, the wholesale trade and import-export of food products, of materials and products for
packaging in general, the construction and marketing of packaging and packaging machines and the production of packaging systems and electromechanical and electronic devices for dosing and weighing products.
Tata Motors, NTPC, Platinum Industries, Exicom Tele-Systems in focus (05-03-2024)
Tata Motors: Tata Motors announced that its board approved a demerger plan. The plan will create two separate publicly traded companies, aiming to empower individual business units and unlock potential synergies across key segments. The demerger will split Tata Motors into two distinct entities: a company focused on the commercial vehicle (CV) business and its related investments; and a company encompassing all passenger vehicle (PV) businesses, including electric vehicles (EVs) and Jaguar Land Rover (JLR), along with their related investments.
US Stocks retreat ahead of economic data (05-03-2024)
At closing bell, the Dow Jones Industrial Average index declined 97.55 points, or 0.25%, to 38,989.83. The S&P500 index shed 6.13 points, or 0.12%, to 5,130.95. The tech-heavy Nasdaq Composite index was down 67.43 points, or 0.41%, to 16,207.51.