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GAIL Q4 Review: Rising Gas Demand, Better Realisations Prompt Bullish Brokerage Calls
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Shares of the road builder jumped as much as 4.4% after it announced it has emerged as the lowest bidder for the National Highways Authority of India Project.
The project is for the development of Memmadpur (Ambala) - Banur (IT City Chowk) — Kharar (Chandigarh) Corridor under Bharatmala Pariyojana - Package-II - 6 laning of IT City Chowk to Kurali Chandigarh Road (Design length: 31.23 Km) in the state of Punjab on EPC mode.
The company said it has emerged as the Lowest Bidder (L-1) after it quoted a bid price of Rs 726 crore.
Sales of passenger vehicles, which include cars and utility vehicles, were 88,045 units in May, compared with 33,546 units a year ago, according to data released by the Society of Indian Automobile Manufacturers.
To read what analysts made of eClerx’s Q4 performance, click here
Bajaj Finance Sees Revival In Business Volumes In June
A block of 17.4 million shares in Reliance Power Ltd., equivalent to 0.8% of float, traded at a market value of Rs 21.74 crore.
Partly Paid Shares Relisted, Reliance Rights Issue Investors Sitting On 1.5 Times Gain
The outlook for economic activity is brightening as pandemic restrictions ease and vaccinations increase. Government and central bank stimulus will continue to help. Because of central bank purchases of government debt, the RBI now holds more than half of the 10-year bond.
Record-high stocks in the U.S. and falling Treasury yields may be leading investors to look for more risk and potentially better returns in emerging markets.
India equities have drawn the biggest inflows in Asia this month. Global investors have bought Indian shares worth $1.1 billion this month through Tuesday, compared with nearly $749 million for all of last month, data compiled by Bloomberg show. The country’s equities have received inflows of more than $7.7 billion this year.
Indian sovereign bonds, which are part of the central bank’s purchase plan due next week, are likely to advance. Traders will await the results of a weekly auction later Friday to see at what cutoffs the RBI offers the benchmark 10-year bond.
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