Tilaknagar Industries advanced 1.43% to Rs 307.30 after the company’s board has approved an investment of Rs 8.03 crore in Round the Cocktails Private (Bartisans) through a mix of primary investment and secondary acquisition.
HBL Power: Signs of change (19-09-2024)
I have similar concerns on the decision to become OEM for EV trucks. On one side they are saying they don’t want to get into “capex heavy” areas and on the other side this decision to become OEM will ensure they have to do heavy capex. Besides I don’t know how much margin they will make in this business, and how they will compensate for the lack of previous experience of running such a business. Partnering with one of the existing OEM would have been a less risky strategy along with faster time to market.
Without conference calls, hard to get insights into the reason for this management decision.
Indian Hotels shares fall 1.19% as Nifty gains (19-09-2024)
The stock quoted a 52-week high price of Rs 702.65 and a 52-week low of Rs 371.45.
JHS Svendgaard acquires land in J&K for expansion, shares plummet (19-09-2024)
This move is in line with the JHS Svendgaard’s strategy to establish a new project in the Union Territory, aiming to tap into new markets, leverage local resources, and benefit from fiscal incentives
DCX Systems bags supply order worth Rs 155 crore (19-09-2024)
DCX Systems announced that the company received export orders from Elta Systems, Israel for supply electronic modules.
Vedanta shares decline 2.34% as Sensex climbs (19-09-2024)
A total of 134,459 shares changed hands on the counter till 11:47AM (IST)
India overtaking China in MSCI global stock gauges to drive flows (19-09-2024)
Earlier this month, India surpassed China to become the biggest market in the MSCI Emerging Markets Investable Market Index
US stocks erase intraday gains to end in negative (19-09-2024)
US stocks saw considerable volatility during the trading session on Wednesday following the Federal Reserve’s announcement of its decision to lower interest rates by a super sized 50 bps. The economic projections provided by Fed officials at the meeting suggested the central bank will cut rates by another 50 basis points by the end of the year. Fed officials also expect to continue lowering rates next year, with the projections indicating rates will be lower by another full percentage point by the end of 2025.
GACM Technologies, Waterwalk Automation ink MoU (19-09-2024)
₹5 crore deal aims to generate growth-oriented revenue for GACM Technologies