Hindalco Industries stock price was up over 2% in the afternoon trade after the company's board gave its nod to raise Rs 700 crore through non‐convertible debentures (NCDs).
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Moneycontrol
Hindalco Industries gains after board approves raising Rs 700 crore through bond sale
The board of directors approved the issuance of non-convertible debentures (NCD) on private placement basis for an amount not exceeding Rs 700 crore
Shares of Marksans Pharma opened on a flat note only to spurt over 6% after the company announced that its Board will consider and allot fully paid-up equity shares against convertible warrants to promoter and OrbiMed Asia.
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Moneycontrol
Marksans Pharma spurts to 52-week high on share allotment to promoter
The company announced issuance of convertible warrants worth Rs 372 crore to promoter and OrbiMed Asia
Shares of Gokaldas Exports zoomed after ICICI Securities started coverage on the stock with a big potential upside, saying the capex will diversify revenue sources and upgrade existing assets leading to a bigger market share.
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Moneycontrol
Gokaldas Exports rises after ICICI Sec foresees 76% upside in the stock
In the next leg of growth, Gokaldas will execute capex of Rs 370 crore over FY22-FY25, which includes new greenfield projects and upgrading its existing machinery
The woollen knitted apparel maker recorded revenue growth of 12 percent in Q3FY23 and 19 percent growth for the nine months period ended December FY23, compared to the year-ago period, driven by pent-up demand.
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Read Here 👇🏻
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Moneycontrol
Monte Carlo Fashions gains over 4% as Q3 revenue grows 12% YoY
Monte Carlo Fashions maintains its yearly growth guidance of 20-25 percent as mentioned earlier.
#MarketsWithMC | The #Sensex closed 9.98 points, or 0.02 percent, lower to 60,105.50 and the #Nifty dropped 18.50 points, or 0.10 percent, to close at 17,895.70.
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Read on⤵️
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Moneycontrol
Taking Stock | Market ends flat amid high volatility; all eyes on inflation data
Hindalco Industries, Sun Pharma, BPCL, UltraTech Cement and HDFC Bank gained the most on the Nifty, while losers included Bharti Airtel, Cipla, Divis Labs, Apollo Hospitals and HUL
#MarketsWithMC | Check out the top gainers & losers of Sensex & Nifty of January 11 now at 👇
https://bit.ly/3Gscuuy
https://bit.ly/3Gscuuy
Moneycontrol
Gainers & Losers: 10 stocks that moved the most on January 11
On the sectoral front, selling was seen in the FMCG, auto, pharma, power and oil & gas, while buying was seen in the bank, metal and information technology names
The #CCI imposed two penalties on #Google for abusing its dominant position.
The story so far 👇🏻
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The story so far 👇🏻
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#NewsAlert 🚨 Auto meter will now be down from Rs 30 instead of Rs 25 and after that the fare per km will be Rs 11 instead of Rs 9.5.
Moneycontrol speaks to #MGMotorIndia President Rajeev Chaba at the #AutoExpo2023, where he talks about the company's new launches & #EV plans. '
'We would like to focus on EVs, launching another car this year which will be priced between 10-15 lakhs for smart urban mobility solutions. In 2022, our EV sale was around 10% of our sale - hope to increase it to 25-30% this year', he says.
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'We would like to focus on EVs, launching another car this year which will be priced between 10-15 lakhs for smart urban mobility solutions. In 2022, our EV sale was around 10% of our sale - hope to increase it to 25-30% this year', he says.
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#NewsAlert 🚨 All flights across the #US have been grounded due to a glitch with the Federal Aviation Administration's computer system, US media reports.
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Read Here 👇🏻
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#MCOpinion | Given that many states are fiscally stressed, expect the Union budget to spell out measures to provide some relief.
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Read Here 👇🏻
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Moneycontrol
Budget 2023: Expect the Centre to address fiscal stress faced by states
As states are doing the heavy lifting post-pandemic to enhance public investment, we do expect a hike in the capex transfers to the states in the upcoming Union budget
#MarketsWithMC | Nifty ended a tad lower after a volatile session today, as traders turned cautious a day ahead of the release of CPI inflation data for December.
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Moneycontrol
Technical View | Nifty forms bearish candle, 18,000 crucial for bulls make a comeback
If the Index goes past 18,000, it can climb to 18,200-18,300 but if below 17,800, the correction can extend to 17,700-17,675, say experts
Millions of Chinese citizens travel back to their homes to celebrate the Lunar New Year on 22 January 2023.
Chunyun', which began on 7 January 2023, is the 40 days of travel period when the world's largest annual migration takes place in #China. It is the time for family reunions and celebration.
This is the first time since 2020 that domestic travel will be held without any restrictions.
However, the country is bracing for a huge increase in travelers and the spread of Covid infections as #Beijing lifted its 'zero-Covid' policy.
Watch the video to know more 📹
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Chunyun', which began on 7 January 2023, is the 40 days of travel period when the world's largest annual migration takes place in #China. It is the time for family reunions and celebration.
This is the first time since 2020 that domestic travel will be held without any restrictions.
However, the country is bracing for a huge increase in travelers and the spread of Covid infections as #Beijing lifted its 'zero-Covid' policy.
Watch the video to know more 📹
https://bit.ly/3GXZajc
Sah Polymers, a bulk packaging solutions provider, is expected to debut on the stock exchanges tomorrow with about 10% gains over the IPO sale price.
But here's why analysts are concerned⏬
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But here's why analysts are concerned⏬
https://bit.ly/3CHsZSi
Moneycontrol
Sah Polymers makes it market debut tomorrow. Will it be a good listing?
Sah Polymers | Shares of the company were trading at a 10-15% premium over the issue price in the grey market, analysts have said
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#AshneerGrover has announced his new startup – #ThirdUnicorn. Inviting people to join his company, he also promised a #Mercedes after completing 5 years. Watch for more details!
SS Rajamouli's #RRR created history at the #GoldenGlobes2023. #MMKeeravaani's composition, #NaatuNaatu, won the 'Best Original Song' at the award ceremony.
From Prime Minister Narendra Modi to Oscar winner AR Rahman, the RRR team received widespread praise for their achievement and making the country proud.
Who is the man behind the award-winning song, Naatu Naatu?
Meet MM Keeravaani, a veteran musician, who just brought glory to India.
Watch the video to know more!
https://bit.ly/3W45pX1
From Prime Minister Narendra Modi to Oscar winner AR Rahman, the RRR team received widespread praise for their achievement and making the country proud.
Who is the man behind the award-winning song, Naatu Naatu?
Meet MM Keeravaani, a veteran musician, who just brought glory to India.
Watch the video to know more!
https://bit.ly/3W45pX1
#MCSelects ⚡️ | Our specially curated package of the most interesting articles to help you stay at the top of your game.
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Check out the top stories 👇
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The Centre's direct tax collections, net of refunds, reached 86.7% of the 2022-23 budget target by January 10, the finance ministry said.
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More details👇
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#AutoExpo2023 | Anant Nahata, Managing Director, #Exicom, speaks to Moneycontrol's Karunya Rao talks about the #EV ecosystem and much more...
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Watch the video for more 📹
Moneycontrol speaks to #CumminsIndia MD Ashwath Ram at the #AutoExpo2023 about the company commercially launching a fuel-agnostic platform this year.
He explains how this platform works & why it could be a game-changer. He also speaks about the #PLIScheme & budget expectations.
Watch the video for more 📹
🔗 https://bit.ly/3XiWNN6
He explains how this platform works & why it could be a game-changer. He also speaks about the #PLIScheme & budget expectations.
Watch the video for more 📹
🔗 https://bit.ly/3XiWNN6