GUJARAT MARKET
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex was up 576.36 points at 77732.15
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex was up 781.32 points at 77937.11
Azure Power: Who are the key people now in the company central to $250 mn 'bribery' case against Adani
Indian billionaire Gautam Adani and associates have been indicted by US prosecutors for an alleged $265 million bribery scheme. They are accused of bribing Indian officials to secure business advantages and misleading US investors. The Adani Group denies the allegations and plans to pursue legal action.
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex closed down 422.59 points at 77155.79
Tropical Agrosystem to start work on Kharagpur unit in Dec
Tropical Agrosystem India Pvt Ltd is set to begin construction of a new manufacturing unit in Kharagpur in December. The facility, scheduled to be operational by the second quarter of the next fiscal year, will cater to the eastern markets and enhance supply chain efficiency.
Tropical Agrosystem to build new unit in Kharagpur, eyes expansion in Gujarat
Tropical Agrosystem India Pvt Ltd is set to begin construction of a new manufacturing unit in Kharagpur in December. The facility, located on a four-acre site, will primarily serve the eastern markets and is expected to be operational by the second quarter of the next fiscal year.
City gas cos' stocks in the red as govt cuts APM quotas
IGL plunged 19.8% to ?325, its lowest closing since March 2020. MGL tumbled 13.8% to ?1,130.55, the lowest closing since June 2023. Gujarat Gas, which already derives most of its supplies at market rate, fell 6.8% to ?452.5 on Monday.
Gujarat Gas, MGL best positioned amid city gas sector's uncertainty: Probal Sen
?The differential with alternate fuels like petrol and diesel is the highest in Mumbai and probably the lowest in IGL's case, because in Delhi the tax structure is slightly different for even petrol and diesel compared to Bombay.
Cochin Shipyard, ONGC, Info Edge among others to trade ex-dividend tomorrow. Do you own?
Several companies, including Cochin Shipyard, ONGC, and Info Edge, are approaching their dividend ex-date on November 19th. This means investors have until the end of today to purchase shares and be eligible for upcoming dividend payouts.
Gujarat-based Trom Industries registers nearly 100% rise in sales, profit in H1
Trom Industries, a Gujarat-based renewable energy company, reported increase in net sales for the first half of the fiscal year. The company's net sales reached Rs 46.24 crore, marking a near 100% rise compared to the same period last year.
Amul to enter Europe by end of this month: MD Jayen Mehta
Amul will launch its dairy products in Europe. The launch will start with Spain. The company will then expand to other European countries. Amul already launched its products in the US in March. The company aims to cater to the Indian diaspora and Asian population. Amul is a brand owned by 36 lakh farmers in India.
Hot stocks: Brokerage view on Apollo Hospitals, Gujarat Gas, JSPL, Polycab and Tata Steel
Brokerage firms have varied recommendations: JP Morgan rates Apollo Hospitals overweight, Citi downgrades Gujarat Gas, Morgan Stanley is positive on JSPL, while Jefferies gives a buy rating to Polycab.
Ahead of Market: 10 things that will decide stock action on Tuesday
Indian indices closed higher on Monday, led by banking and IT stocks. Nifty gained 164 points, closing at 25,128. Sensex gained 591 points, closing at 81,973. Retail inflation accelerated to a 9-month high of 5.49% in September. Analysts expect Nifty to continue its upward momentum.
Trent, Bandhan Bank among 16 BSE 500 stocks which delivered double-digit returns this week. 250 slipped in red
BSE 500 gained 0.30% last week, with 16 stocks giving double-digit returns and 229 others gaining single digits. CG Power and Industrial Solutions was the top gainer with 19%, followed by Triveni Turbine (18%) and Sudarshan Chemical Industries (16%). 61 stocks gained less than 1%.
AMUL ready to enter European market after US: MD Jayen Mehta
AMUL's newly launched milk in the US finds great success, according to Jayen Mehta, MD of GCMMF. The brand is set to enter the European market soon, marking a significant milestone. India, the world¡¯s largest milk producer, could provide the cooperative system as a global gift, as envisioned by Dr Verghese Kurien.
61 smallcap stocks deliver double-digit weekly returns as markets hit new highs
Indian markets rallied last week, overcoming Sebi's FII disclosure deadline and US recession fears. Rate-cut optimism boosted indices to new highs. Smallcap stocks outperformed, with Hardwyn India leading with a 30% gain.
GNFC, NBCC among 45 stocks to trade ex-dividend tomorrow; last chance for eligibility
GNFC, Gujarat State Petronet, and NBCC (India) are among 45 companies setting September 6 as the record date for dividend eligibility. Today is the last day to buy shares to qualify for these dividends. Investors must purchase shares at least one day before the ex-date to be eligible.
Buy Gujarat Gas, target price Rs 755: ICICI Securities
Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2023.
Buy Gujarat Gas, target price Rs 715: Motilal Oswal
Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2023.
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