Income tax dept conducts survey at company premises in Kolkata.
Company unable to assess impact of survey.
Source: Exchange Filing
The company maintains a cautious outlook on market growth as inflation sustains. Also, a below average monsoon presents a risk to improving rural sentiments.
Commodity prices remain high, and the cost pressures haven't receded as expected.
Expects the FMCG volume growth to be in mid-single digits over the next 5-7 years.
Competitive intensity is fairly intense.
Source: Analysts Call
Anant Pande resigns as CEO w.e.f. Sept. 21 citing personal reasons.
Source: Exchange filing
Sensex, Nifty on course to snap three weeks of advance.
Sensex, Nifty fall the most in nearly seven months this week.
Log steepest weekly decline since the week ending Feb. 24.
Source: Bloomberg
Company's share of order received in JV with J Kumar Infra is at Rs 3,213.55 crore.
Order to design, construction, operation twin tunnel Film City, Goregaon.
Order for Electrical, Mechanical box tunnel at Film City, Goregaon.
The duration of the project is five years.
NCC to hold 51% stake in the JV.
Source: Exchange Filing
10 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 420.05 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The broader market indices were trading mixed; the S&P BSE MidCap Index was down 0.01%, whereas S&P BSE SmallCap Index was also 0.03% higher.
Eleven out of 20 sectors compiled by BSE declined, while nine advanced. S&P BSE Bankex rose the most and S&P BSE Healthcare fall the most.
The market breadth was split between the buyers and the sellers. About 1,723 stocks rose, 1,677 declined, while 204 remained unchanged on the BSE.
15.2 lakh shares changed hands in a large trade.
0.06% equity changed hands at Rs 178.10 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
Order to supply 14 wind turbines with capacity of 2.1 MW each.
29.4 MW wind capacity for BrightNight’s 100 MW Wind‐Solar Hybrid project at Osmanabad.
Project to be commissioned in phases from April 2024.
Electricity generated from project will be supplied to commercial and industrial customers in Maharashtra.
Project can curb nearly 2.5 lakh tons of CO2 emissions annually.
Source: Exchange Filing
Samhi Hotles lists at Rs 134.50 apiece on the NSE, 6.75% premium to IPO price
Samhi Hotles lists at Rs 130.55 apiece on the BSE, 3.61% premium to IPO price
Source: Exchanges
Zaggle Prepaid Ocean Services lists at Rs 164 apiece on the NSE
Zaggle Prepaid Ocean Services lists at Rs 162 apiece on the BSE, 1.22% discount to IPO price
Source: Exchanges
1.65 crore shares changed hands in three large trades.
0.26% equity changed hands at price range of Rs 228.20 to Rs 228.65 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.43%, whereas S&P BSE SmallCap Index was also 0.53% higher.
Sixteen out of 20 sectors compiled by BSE advanced, while four declined. S&P BSE Telecommunication and S&P BSE Realty rose the most.
The market breadth was skewed in the favour of the buyers. About 1,589 stocks rose, 528 declined, while 100 remained unchanged on the BSE.
19.6 lakh shares or 0.05% equity changed hands in a pre-market large trade.
Buyers and sellers not known immediately.
Source: Bloomberg
10.9 lakh shares changed hands in a large trade.
0.43% equity changed hands at Rs 430.00 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
At pre-open, the S&P BSE Sensex was down 15 points, or 0.02%, at 66,215.05 while the NSE Nifty 50 was 3 points or 0.01% higher at 19,744.85.
Source: Bloomberg
The yield on the 10-year bond opened 7 bps lower at 7.09% on Friday.
It closed at 7.16% on Thursday.
Source: Bloomberg
The local currency strengthened 26 paise to open at 82.83 against the U.S dollar on Friday.
It closed at 83.09 on Thursday.
Source: Bloomberg
GREED & fear continues to believe the pain trade is down. Areas in Asia such as Indian mid-caps which have already done very well are at obvious risk of some profit taking. The investment in Container Corp in the India long-only portfolio will be removed and replaced by an investment in JSW Energy. An investment in State Bank of India will be introduced with a 4% weighting. This will be paid for by shaving the investments in Oil & Natural Gas Corp, HDFC Bank and Bajaj Finance by 2ppts, 1ppt and 1ppt respectively.Chirstopher Woods. Jefferies
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