Domestic markets closed lower on Monday with Reliance Industries and Kotak Bank under pressure. HUL and Bajaj Finance to announce Q1 results. Suzlon Energy reports impressive 200% YoY profit growth. Federal Bank appoints new MD and CEO. Gensol Engineering secures 116 MW solar project bid in Gujarat. TCS expands partnership with Rolls Royce. Coal India wins bid for graphite block.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.