A total of 94,388 shares changed hands on the counter till 11:56AM (IST)
G R Infra gains on emerging L-1 bidder for Nagpur metro project (24-09-2024)
G R Infraprojects added 2.88% to Rs 1,712.70 after the company said that it has emerged as lowest bidder (L-1) for a metro project worth Rs 903.534 crore awarded by Maharashtra Metro Rail Corporation, Nagpur (MMRC).
ACC shares fall 0.79% as Nifty drops (24-09-2024)
The stock quoted a 52-week high price of Rs 2843.0 and a 52-week low of Rs 1803.8.
Can we expect an across-the-board bounce-back in PSUs? Deven Choksey answers (24-09-2024)
Deven Choksey discusses the potential for a rebound in the PSU stocks following significant price corrections. He further highlights the role of liquidity in driving market growth and advises cautious, selective investments. Choksey also comments on Paytm’s evolving business model and the strong performance of quality NBFCs like Bajaj Finance.
Trent may replace Bajaj Finserv in Sensex rejig in Dec (24-09-2024)
Bajaj Housing Finance Ltd’s impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.
US Dollar Index regains some lost ground; Incoming data to guide rate outlook (24-09-2024)
The US dollar index is gaining ground on Tuesday after having plunged to a near 14 month low recently as Fed is seen on a rate cutting spree. The yield on the US 10-year Treasury note extended gains to approach 3.78%, the highest level since the beginning of September, after S&P Global PMIs continued to point to a robust although slowing growth in the US private sector. The expansion was led by services while the contraction in the manufacturing deepened. Manufacturing PMI unexpectedly declined to 47.0, while the services PMI expanded at a better-than-projected 55.4. Among Fed speakers overnight, Fed’s Goolsbee stated that rates need to come down adding that many more rate cuts will be needed. On the other hand, Minneapolis Fed President Neel Kashkari stated that the Federal Reserve is still focused on data to guide its decisions while Bostic commented that the recent half-point rate cut doesnt establish a pattern for future cuts, also noting that risks to the labor market have .
Bajaj Holdings declines 1.22% as Sensex slides (24-09-2024)
The stock traded at a P/E multiple of 16.32, while the price-to-book value ratio stood at 1.7.
Exxaro Tiles spurts on stock split proposal (24-09-2024)
Exxaro Tiles surged 16.94% to Rs 93.94 after the company announced that its board will meet on Monday, 14 October 2024, to consider a proposal for the sub-division / split of equity shares of the company.
Sealmatic India Limited (24-09-2024)
Disc: Invested.
As the head of the company has said, the seal sale is secondary to to the flow of maintenance contracts. If the notification had told us what the number of seals were and the complexity that they are expected to solve, we would better relieved. I assume we are only supplying the mechanical seals. I got the below from an internet search:
Thermal power plants use a variety of seals, including:
Oil seals
These rubber seals prevent dirt and fluids from leaking in, and create a thin layer of oil to prevent oil from leaking past the sealing lip. They can be made from materials such as Nitrile Buna Rubber (NBR), Polyetrafluorethylene (PTFE), and silicones.
Mechanical seals
These seals are used in pumps and consist of a stationary primary element and a rotating mating element. The two elements are pressed together to minimize leakage.
Leaf seals
These seals are made up of many thin plates that are laminated to form a ring-shaped segment. When the rotor rotates, a thin film of fluid forms between the leaf and the rotor, which lifts the leaf slightly to create a non-contact seal.
Seal oil systems
These systems use radial oil films to seal the shaft exits of a generator. The seal rings are lined with low-melting Babbitt metal and supplied with pressurized seal oil to prevent hydrogen gas from escaping the generator shaft.