Company's interim application to set aside tariff schedule has been accepted by APTEL
In the interim period, company to apply MYT Order 2020 tariff
Alert: MYT Order 2020 tariff is 25-35% lower than suggested tariff in last order
Company's 7.5 lakh Mumbai consumers to get tariff relief after APTEL’s stay on MERC tariff schedule
Source: Tata Power
Considers scheme to promote coal gasification projects with Rs 6000 crore outlay
Aims 100 million ton coal gasification by 2030
GST compensation cess reimbursement under consideration for gasification projects
Source: Ministry of Coal
WPI inflation falls by 4.12% in June compared to 3.48% in May 2023.
Source: Office of the Economic Adviser
The broader market indices outperformed; the S&P BSE MidCap Index was up 0.39%, whereas S&P BSE SmallCap Index was 0.75% higher.
Fifteen out of 20 sectors compiled by BSE advanced with S&P BSE Information Technology gaining the most. While, five sectors declined.
The market breadth was skewed in the favour of buyers. About 2,046 stocks rose, 1,219 declined, while 155 remained unchanged on the BSE.
Partners with Qualcomm Technologies for 5G support in unmanned aerial vehicles.
Source: Press Release
Shares of Patanjali Foods rose 5% intraday to 1,223.35, as of 10:51 a.m. This compares to a 0.24% advance in the S&P BSE Sensex.
Total traded volume so far in the day stood at a 14-times its 30-day average. The relative strength index was at 66.24, indicating that the stock may be overbought.
Of the 3 analysts tracking the company, all three maintain a ‘buy’ rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.80%.
Senco Gold shares listed at Rs 431 per share on the BSE, a premium of 35.96% to its IPO price of Rs 317.
On the NSE, the stock listed at Rs 430 apiece, a 35.65% premium.
Its IPO was subscribed 73.35 times.
Source: BSE, NSE
The broader market indices outperformed; the S&P BSE MidCap Index was up 0.51%, whereas S&P BSE SmallCap Index was 0.70% higher.
Seventeen out of 19 sectors compiled by BSE advanced except S&P BSE Power and S&P BSE Utilities.
The market breadth was skewed in the favour of buyers. About 1,730 stocks rose, 461 declined, while 94 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 216 points or 0.33% at 65,774.91 while the NSE Nifty 50 Index was 80 points or 0.411% higher at 19,493.45.
Source: Bloomberg
The local currency strengthened 14 paise to open at Rs 81.93 against the U.S dollar on Friday.
Rupee closed at 82.07 on Thursday.
Source: Bloomberg
The yield on the 10-year bond opened 2 bps lower at 7.06% on Friday.
It closed at 7.08% on Thursday.
Source: Bloomberg
Revenue from operations down 2.4% at Rs 650.46 crore Vs 666.37 crore
Ebitda up 45.7% at Rs 35.15 crore Vs Rs 24.13 crore
Ebita margin at 5.4% vs 3.6%
Net profits up 273% at Rs 4.55 crore Vs 1.22 crore
Source: Exchange Filing
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