Big Movers on D-St: What should investors do with VA Tech Wabag, Godfrey Philips and Apollo Hospitals?
The stock bounced after a few days of consolidation and rose to a 52-week high. A rise in volume indicates that major market participants were in favour of the bulls. The key technical indicators are positively poised.
Dollar firm in calm before CPI and central bank storm
The U.S. dollar has been supported by high and rising interest rate expectations as the Fed has hiked its benchmark funds rate to counter inflation, leaving the currency vulnerable to selling if inflation seems to be cooling.
Pristine Malwa gets court nod for resolution plan of CCD arm
Pristine Malwa proposed a ₹521-crore resolution plan, which includes payment to lenders, employees, and cash in the company. The offer equates to 30% recovery for verified creditors.
Jaypee Group exits cement, sells biz to Dalmia Bharat
The assets put together have a cement manufacturing capacity of 9.4 million tonnes per annum (MTPA), including clinker capacity of 6.7 million tonnes and thermal power plants of 280 megawatts and are situated in Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
Uniparts India makes a tepid Street debut
The ₹836-crore public issue was sold in the price band of ₹548-577 per share between November 30 and December 2. It was subscribed 25.3 times.
Govt plans to invite EoIs for divestment of RINL by Jan-end
Tata Steel, JSW Steel and Adani Group have shown “strong interest” in the entity during the pre-bid consultations held in early December, said people familiar with the development.
Traders add bearish IT bets; stocks could decline 5-6%
Country’s largest IT services exporter Tata Consultancy Services declined for the seventh straight day. Provisional data showed a marginal increase in net open interest in December as well as January contracts.
Gold loan NBFCs see demand surge
Higher gold prices propel small businesses and businesses from the unorganised segments to seek gold loans to meet their working capital requirements.