RKN Enterprises, owned by Rishad Naoroji, a cousin of Adi Godrej, has significantly reduced its equity in Godrej Consumer Products Ltd. (GCPL) through open market transactions. This sale marks a pivotal moment for the company and reflects ongoing changes within the Godrej family business. Details of the Equity Sale On Monday, RKN Enterprises sold 1.13 …
This partnership between Purvah Green Power and Suzlon Energy marks a significant step towards increasing renewable energy capacity in India. The collaboration combines Suzlon’s expertise in wind turbine technology with Purvah Green Power’s focus on sustainable energy solutions, representing a significant advancement in boosting renewable energy capacity in India. The framework agreement sets the stage …
Zee Entertainment Enterprises Ltd. (ZEEL) shareholders have approved a plan to raise to Rs.2,000 crore through a share sale as the company seeks new investors following the collapse of its merger with Sony. The proposal received huge support, with 98.79% of shareholders voting in favor. Following the announcement, Zee’s shares were around 4% higher, trading …
On July 15, 2024, Nifty 50 and Sensex rose 0.35% and 0.18% and closed at 24,586 and 80,664, respectively Top Gainers and Losers On the sectoral front, Nifty Oil and Gas, Nifty Media, Nifty Mid-small Healthcare, and Nifty Realty ended in the green. Only one sector, Nifty IT, was declining. The top gainers were ONGC, …
The Reserve Bank of India’s policy rates have a significant impact on fixed income returns. The key policy rates that make a significant impact on the fixed income market prices and their yields. The list of the policy rates and their current values as of July 2024 are as follows: Repo Rate: 6.50% Standing Deposit …
On Monday, the market built on Friday’s gains and closed at a record high. The market cap of BSE-listed companies reached a record Rs 455 lakh crore. The Sensex surged by 0.18% to close at 80,664.86, while the Nifty rose by 0.35% to a record high of 24,635.05. Among sectors, Nifty PSU Bank, Nifty Media, …
Real Estate Investment Trusts (REITs) have been gaining traction in the Indian stock market, offering investors a unique opportunity to diversify their portfolios with exposure to real estate. While REITs may not have performed as impressively as other sectors, it’s always interesting to see which stocks lead within their sector. Over the past year, one …
On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex gaining by 0.18% to close at 80,664, and the Nifty rising by 0.35% to finish at 24,586. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 0.86%, and the Nifty Small-Cap soared by …
During Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Bank of Maharashtra Ltd Bank of Maharashtra Ltd saw a significant trading volume of 11.62 crore shares today. The stock is currently trading at Rs 68.8, up from its previous close of Rs …
Raymond Ltd’s recent corporate initiatives signal a period of strategic transformation. The company is undertaking a multi-pronged approach to enhance shareholder value and streamline operations, as highlighted during a recent conference call. Key areas of focus include demergers, real estate strategy, and engineering business expansion. Demergers and Sharper Focus A significant development is the demerger …
