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The two-day beauty and lifestyle festival will be held on Nov. 4 and Nov. 5, 2023 in Mahalaxmi Racecourse.
Source: Press Release
Completes capital raise of Rs 2,305 crore via QIP.
Alert: QIP was launched on July 27.
Alert: Proceeds to be used for buying commercial assets from Brookfield Asset Management’s private real estate funds.
Source: Exchange filing
Approves raising up to Rs 2,000 crore via NCDs, bonds and other debt securities.
Bonds to be issued on a private placement basis, in one or more tranches.
Source: Exchange filing
Nifty 50 falls 1.50% intraday, most since March 20, 2023.
Sensex falls 1.48% intraday, most since July 21, 2023.
Nifty Bank slips 1.85% intraday, most since May 5, 2023.
Nifty falls below 19,500 intraday, for the first time since July 14
Sensex below 65,500 intraday, for the first time since July 13
Nifty Bank falls below 44,800 intraday, for the first time since July 17
HDFC Bank, RIL, and ICICI Bank drag both indices
PSU banks and metals top sectoral losers on NSE
S&P BSE Metal and S&P BSE Power top sectoral losers on BSE
Market breadth skewed in the favour of sellers by 66.57%
Source: Bloomberg
Revenue up 13.5% at Rs 705.63 crore vs Rs 621.63 crore
Net profit up 3.9% at Rs 19.69 crore vs Rs 18.95 crore
Ebitda up 15.3% at Rs 43.99 crore vs Rs 38.15 crore
Margins at 6.23% vs 6.13%
Source: Exchange filing
The broader market indices declined; the S&P BSE MidCap Index was down 1.15%, whereas S&P BSE SmallCap Index was 0.65% lower.
All the 20 sectors compiled by BSE declined. S&P BSE Metal and S&P BSE Power fell the most.
The market breadth was skewed in the favour of the buyers. About 1,372 stocks rose, 2,086 declined, while 173 remained unchanged on the BSE.
S&P 500 futures fell 0.42%
Nasdaq 100 futures fell 0.62%
Japan’s Nikkei 225 fell 2.31%
Australia’s S&P/ASX 200 fell 1.29%
Hong Kong’s Hang Seng fell 2.16%
The Shanghai Composite fell 1.01%
Euro Stoxx 50 futures fell 0.7%
Source: Bloomberg
Commissions 1.2 mtpa brownfield cement capacity at Magdalla, Gujarat.
Magdalla unit’s total capacity stands at 1.93 mtpa.
Total grey cement manufacturing capacity in India stands at 132.45 mtpa.
Source: Exchange Filing
Gets U.S. FDA approval for fluocinolone acetonide topical oil through U.S.-based wholly-owned subsidiary Novel Laboratories.
Alert: Fluocinolone acetonide topical oil is used to treat skin conditions including psoriasis and eczema.
Source: Exchange filing
Shares of the company were trading 2.79% lower at Rs 573.95 apiece as of 10:39 a.m., compared to a 0.82% decline in the benchmark NSE Nifty 50. The stock declined as much as 3.45% intraday, the most since July 20.
The stock has declined nearly 6.94% year-to-date. The total traded volume so far in the day stood at 0.4 times its 30-day average. The relative strength index at 58.72.
The three analyst tracking the company maintain a 'buy' on the stock, according to Bloomberg. The average of 12-month price target given by analysts implies an upside of 6.1%.
The stock fell 0.52% to 496.4 apiece as of 10:03 a.m., as compared to 0.54% decline in the NSE Nifty 50. The scrip declined as much as 6.47% intraday, the most since Dec. 23, 2022. It has risen nearly 75.8% year-to-date.
Total traded volume stood at 7.7 times its 30-day average. The relative strength index at 68.4.
Eight analysts tracking the company maintain a 'buy' rating on the stock, as per the Bloomberg data.
The average calculated from the 12-month price target given by analysts implies a potential upside of 1.3%.
Source: Bloomberg, Exchange filing
Partners with TVS Motor Company to finance their three-wheeler internal combustion engine and electric vehicles.
Source: Exchange filing
The broader market indices opened mixed; the S&P BSE MidCap Index was down 0.35%, whereas S&P BSE SmallCap Index was 0.13% higher.
Seventeen out of the 19 sectors compiled by BSE declined while two sectors advanced. S&P BSE Metal fell the most, while S&P BSE Energy and S&P BSE Oil & Gas advanced.
The market breadth was skewed in the favour of the buyers. About 1,502 stocks rose, 956 declined, while 133 remained unchanged on the BSE.
Source: BSE
Ipca acquired 33.4% equity shares of Unichem in large trade today.
It had recently received approval to one-third of Unichem's overall shareholding for a cash consideration of Rs 1,034.06 crore.
Ipca will make necessary open offer to public shareholders for 26% stake in Unichem as per SEBI regulations.
Both companies are in the pharmaceutical business.
Handled 34 MMT cargo at its ports from July to August.
Container cargo volumes rose 23%, liquids and gas rose 27%.
Clocked about 1.78 lakh TEU of rail volumes YTD, a growth of 20% year-on-year.
Source: Exchange filing
At pre-open, the S&P BSE Sensex Index was down 404 points or 0.61% at 66,055.23 while the NSE Nifty 50 Index was 78 points or 0.40% lower at 19,655.40.
Source: Bloomberg
Harley-Davidson X440 to now start from Rs 2,39,500 onwards (Ex-showroom, Delhi).
Price hike of Rs 10,500 to apply to all the variants.
Harley-Davidson X440 to be available at current price of Rs 2,29,000 till Aug. 3, 2023.
Source: Exchange Filing
The yield on the 10-year bond opened flat at 7.17% on Wednesday.
Source: Bloomberg
The local currency weakened 11 paise to open at Rs 82.37 against the U.S dollar on Wednesday.
It closed at 82.26 on Tuesday.
Source: Bloomberg
2.35 crore shares worth 33.4% equity traded in a large trade.
Buyers and sellers not known immediately.
Source: Exchange filing
MOIL records a 71% year-on-year growth at 1.20 lakh tons in manganese ore production during July, 2023.
Sales in July at 94,000 tons, up 69% YoY.
Source: Exchange filing
Treasuries Gain, Asia Stocks Drop on Fitch Fallout: Markets Wrap
RBI Says 88% Of Rs 2,000 Notes Valued At Rs 3.14 Lakh Crore Returned To Banks
ED Conducts Raids Against Hero Motors Chairman Pawan Munjal
Adani Total Gas Q1 Results: Profit Rises 8.5% On Improving Operating Income
ATF Price Hiked By 8.5%, Commercial LPG Cheaper By Rs 100
Thyrocare Q1 Profit Declines 20%, Thermax Sees Marginal Gain — Earnings Wrap
Auto Sales In July 2023: Hero MotoCorp's Sales Fall 12%, Sharply Below Estimates
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