The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent
In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.
Gunjan Patidar is the fourth co-founder to exit the company since 2018 and also the fourth top level exit in the company in past two months.
Closing Bell: Among sectors, the Nifty metal index was the top performer of the day, which jumped 2.4 per cent after global brokerage Jefferies changed its stance on the sector to 'positive'
The company's passenger vehicles sales more than doubled to 570 units in the month of December 2022, against 218 units sold in last year.
A major portion of the orders are from the central government/ state government and central government sponsored schemes, where the counterparty credit risk is minimal
Knowledge Marine & Engineering Works rallied 11% to hit a new high of Rs 1,129.85 after the company received an additional work order of Rs 16.50 crore from Dredging Corporation of India
Pursuant to the amalgamation scheme, JMC's shareholders (other than KPTL) will be allotted one share of KPTL against every four shares held by them in JMC.
In the past one week, it has rallied 10 per cent, as against a marginal 0.40 per cent gain in the S&P BSE Sensex
The promoters expressed their intention either individually or collectively, as the case may be, acquire all equity shares that are held by public shareholders.
CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.
The stock has recovered 150 per cent from its record low level of Rs 74.15, touched on June 20, 2022
The Atmanirbhar Bharat Abhiyan of the GoI, which is aimed at curtailing import dependence and increasing the sourcing of indigenous defence products, also presents large growth opportunities.
Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent when compared with its issue price of Rs 247 per share.
Reliance Consumer Products will acquire 51 per cent controlling stake in Lotus for Rs 74 crore and also make an open offer to acquire additional 26 per cent stake.
The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies.
The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.
ASSL has completed 3.8 million sf of projects, while 14.9 million sf projects are under construction and around 6.6 million sf projects are under pipeline
At 11:47 AM; Ponni Sugars (Erode) traded 7.5 per cent higher at Rs 462.65, as against 0.45 per cent decline in the S&P BSE Sensex
The company was awarded projects worth Rs 754.60 crore from the Madhya Pradesh PoorvKshetra Vidyut Vitaran company for supply, installation, testing and commissioning of new 11 KV lines in Balaghat.