UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday. This comes a day after the country’s largest cement producer’s acquisition of additional stake in the Chennai-based company. The Aditya Birla Group company had acquired a near … Read more
The percentage of small and mid-cap stocks trading below 20-DMA has come down to 57% from 83% last week, indicating attempts to pull back, says Anand James, Chief Market Strategist, Geojit Financial Services. However, the percentage of stocks closing below the 30-day low increased to 9% from 2% last week which is indicating that the … Read more
Tata Steel. Share Price 143.90 04:02 PM | 21 Feb 2024 2.85(2.03%) State Bank of India Share Price 771.50 04:02 PM | 21 Feb 2024 11.40(1.50%) IndusInd Bank. Share Price 1517.25 04:02 PM | 21 Feb 2024 13.05(0.87%) JSW Steel. Share Price 828.25 04:02 PM | 21 Feb 2024 7.05(0.86%) Tata Consumer Products. Share Price … Read more
The Indian market may trade lower on Friday tracking muted global cues. The S&P BSE Sensex fell nearly 600 points while the Nifty50 closed below 19800 levels on Thursday. India VIX was down by 2.81% from 11.13 to 10.81 levels in the previous trading session. Volatility fell and has been hovering at its lower band … Read more
TAQA Looks to Bet Big on Adani’s Power Biz Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. Big … Read more
Following US Federal Reserve Jerome Powell’s hawkish commentary on Wednesday, Indian equities ended lower in a volatile session. Nifty settled below 18,800 levels, down 0.45%. Meanwhile, high volatility also weighed on midcap and smallcap indices, which were having a good run over the past few sessions. From the Nifty pack, Divis Laboratories, L&T, HDFC twins … Read more
While the Indian real estate sector exhibited resilience during the COVID-19 pandemic, strong consumer demand and rising incomes have resulted in major housing markets within the country growing by 40% in the first nine months of 2022. According to independent property consultant Knight Frank India, cities like Mumbai, Bengaluru, and the National Capital Region (NCR) … Read more
Brokerages have remained majorly positive on the cement pack, expecting companies to report decent growth in volumes, revenue and profit after tax (PAT) in the September quarter of the current fiscal year. However, the second is traditionally a soft quarter for cement producers from the demand point of view, considering the fact that monsoon hits … Read more
New Delhi: Radhakishan Damani-owned has been in an uptrend lately with the cement firm logging multi-year highs on Tuesday. India Cements’ shares rose 3 per cent to Rs 298.45 on Tuesday, with the stock hovering around Rs 300 level after almost 15 years. It had topped the Rs 300-mark in December 2007 and touched its … Read more
After a sharp selloff last week, Indian equity markets will likely kick off the new week with some caution amid the lacklustre global cues. US stocks settled lower over the weekend trade, whereas Asian peers were trading mixed. The ease in the US dollar was a reason for cheer among the investors. Here’s breaking down … Read more