Reliance Industries has decided to implement a Scheme of Arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary (WOS)
Gains from multiple triggers are factored in valuations which limits upsides
The board of directors of the Company is scheduled to meet on Tuesday, August 31, 2021 to consider and approve issuance of bonus shares subject to approval by the shareholders of the Company.
Given the valuation worries, investors should await further correction before considering the stock
While medium term prospects remain strong, the upsides after recent rally are limited
Tata Motors DVR, Intellect Design and SKF India are among the stocks that may be added to the MSCI SmallCap index
Continued demand momentum in packaging and films segment add to the optimism
Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22
ICICI Prudential Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Nippon Life India Asset Management, and SBI Mutual Fund have allotted shares in QIP.
All that happened in the markets today
Specialty chemicals and packaging businesses to aid near term growth
Traders are advised to hold Nifty longs with 11,200 stoploss and keep it trailing as Nifty rises
Given the essential nature of production, some plants are exempted from the lockdown
Awards announced for nine other categories; Adi Godrej gets Lifetime achievement award
The Board has approved a proposal to set up dedicated facilities to produce intermediates catering to the agro-chemicals segment at an aggregate cost around Rs 238 crore
Technical textiles unit, however, could face some pressure
Much of the Shriram empire may have shrunk from early glory days but his SRF is going great guns
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The management said the specialty chemicals business performed well with strong demand witnessed in the overseas markets.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor