secures contract worth over ₹378 cr; shares rise - J Kumar Infraprojects has secured contract from Mumbai Metropolitan Region Development Authority (MMRDA) worth over ₹378 crore for design and construction of flyover (missing links) from Link Road, Andheri (West) to Poonam Nagar (JVLR) adjacent to the alignment of Metro Line – 6 of Mumbai Metro Rail Project. According to company’s stock exchange filing, the […]
Markets poised for gains as poll results hint at political stability - Indian equities may be poised for further gains following a strong mandate for the ruling party at the Centre in three out of the five State poll results. Political stability augurs well for reforms and could boost investor confidence. “The outcome of State elections hints at continued uprun in markets,” said Dhiraj Relli, MD & […]
Technical Call: Granules India – BUY - Investors with a minimum time frame of one year can buy the shares of Granules India (₹392.70). The stock surged over 20 per cent last month. This has taken the share price well above the key resistance level of ₹360. It also marks the end of the shallow downtrend since December 2020. The moving average […]
Satyam scam: SEBI passes fresh order, lowers disgorgement amount to ₹624 crore - The Securities and Exchange Board of India (SEBI) has asked promoters of Satyam Computer Services (SCSL) to disgorge ₹624 crore of unlawful gains, along with simple interest at the rate of 12 per cent per annum from January 7, 2009 till the date of payment. Also read: Insider trading norms for MFs hang fire a […]
Nifty scales new high on upbeat domestic data, global cues - The benchmark 50-share Nifty surged to a record high on Friday on the back of better-than-expected GDP numbers, buying by foreign investors and positive global cues. Nifty rose for the fourth straight session to close at 20,267, up 135 points or 0.67 per cent, and register its fifth consecutive weekly gain. The Sensex rose 0.7 […]
BNP Paribas Arbitrage sells shares in 19 companies for Rs 10,215 cr - BNP Paribas Arbitrage on Thursday offloaded shares in 19 companies, including One97 Communications, for ₹10,215 crore through open market transactions. Also read: MSCI adds 9 Indian stocks, no exits According to the bulk deal data available with the National Stock Exchange (NSE), BNP Paribas Arbitrage offloaded shares of Suzlon Energy worth ₹1,331 crore, sold shares […]
Global rice prices likely to rule firm until mid-2024 - Rice prices in the global market are likely to rule firm until mid-2024 with India’s export curbs expected to last, at least, until Parliament elections, scheduled in April-May 2024, and El Nino risks supporting the uptrend, analysts and exports say. “It is our view that India’s rice export restrictions will remain in effect until after […]
Alibaba’s Alipay exits from Zomato - Chinese major Alibaba group’s investment arm has exited from Zomato on Wednesday. According to bulk deal data on the BSE, Alipay Singapore Holding Pte Ltd, an arm of Alibaba, sold 29.60 crore shares at an average price of ₹112.70. This represents a 3.44 per cent stake in Zomato. A part of the selling (about 4.40 […]
Gold hits 6-month high: Fed’s policy shift and weakening dollar fuel rally - Gold continued its upward momentum for a fourth consecutive session, reaching a more than six-month high and closing at $2045 an ounce. This surge is attributed to a weakening dollar and the prevailing belief that the US Federal Reserve has concluded its interest rate hikes. There is a growing sentiment among Fed policymakers to maintain […]
Kothari Industrial Corp to re-start trading on the bourses after 23 years - The shares of the Chennai-based Kothari Industrial Corporation Ltd (KICL), trading in which has been suspended since July 18, 2000, are set to be allowed for trading again on the BSE “very soon”, the company’s Vice Chairman and MD, J Rafiq Ahmed, told businessline today. He did not give more details. Set up in 1917 […]
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