L&T shares jumped 3% to Rs 3,515.9 in Monday’s intraday trade on BSE after the company’s board approved a fundraising plan of up to Rs 12,000 crore through various debt-based instruments. The board approved long-term borrowings via external commercial borrowings, term loans, non-convertible debentures, or other suitable instruments. In another development, L&T appointed Subramanian Sarma,…
READ MOREAccenture’s latest earnings punched a 7% hole in its immediate market value and simultaneously sapped the enthusiasm of investors in Indian IT – the nearly $260-billion globalized industry that has the second-highest Nifty weighting after banking and financials. At first glance, several of the concerns highlighted by the Accenture management seem to equally apply to…
READ MOREJapan’s Nikkei share average declined for a third straight session on Monday as uncertainty ahead of a looming deadline for implementing additional U.S. tariffs sapped investor appetite for riskier assets. The Nikkei closed down 0.2% at 37,608.49, while the broader Topix shed 0.5% to sit at 2,790.88 after hitting an eight-month peak on Friday. The…
READ MORECapital values of homes have increased up to 128% since 2021, outpacing the 76% growth in rental values in many micro markets. According to Anarock data, Noida’s Sector 150 saw the highest increase in capital values, of 128%, while rental values, for a standard 1,000 sq ft two-bed home, went up 66%.“An analysis of the…
READ MORESynopsis As the indices gain strength and market breadth stays positive, the bulls are surely on the front foot. While April 2 remains an event risk, it is probably time to be selectively bullish. Some old large-cap private banks are making a comeback. This suggests that stocks with high FPI holdings are not seeing any…
READ MOREShares of Adani Energy Solutions Ltd (AESL) jumped 1.6% to their day’s high of Rs 844.95 on Monday after the company secured a Rs 2,800 crore power transmission project in Gujarat. According to an exchange filing, the project will supply green electrons for the production of Green Hydrogen and Green Ammonia at Mundra in Gujarat….
READ MORENMDC shares will be in focus on Monday after the state-owned miner’s strike ended with trade unions withdrawing their protest over wage settlement. The company confirmed that employees resumed duties from the first shift on March 20, restoring normal operations across all projects. The strike, which began on March 6, had significantly impacted production at…
READ MOREApollo Hospitals shares will be in focus on Monday after its subsidiary, Apollo Healthco (AHL), announced plans to acquire an additional 11.2% stake in Keimed Pvt Ltd for Rs 625.43 crore from promoter Shobana Kamineni. In a regulatory filing, Apollo Hospitals stated that its board had approved AHL’s acquisition of 11.2% of Keimed’s issued and…
READ MORENCC shares may remain in focus on Monday, March 24, after announcing that the company has received a letter of acceptance (LoA) from Bihar Medical Services & Infrastructure Corporation for the redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga. The order size of the project is Rs 1,480.34 crore. “Pursuant to Regulation 30…
READ MOREIndian equity benchmarks continued their upward momentum for the fifth consecutive session on Friday, driven by attractive large-cap valuations and renewed optimism over easing foreign outflows. The BSE Sensex rose by 0.73% to settle at 76,905, while the Nifty50 advanced by 0.69% to close at 23,350. Additionally, the Indian equity benchmarks outperformed their Asian peers…
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