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On 20 January 2022

Anupam Rasayan India, a custom synthesis & speciality chemical firm, has signed a letter of intent (LoI) worth $95 million (i.e. Rs 700 crore) with a major multinational crop protection company to supply a new life science related active ingredient.

Here is the stock market performance at 10:30 AM today.

Jyoti rose 7.67% to Rs 15.58 after the company said it has done one-time settlement of Rs 1.35 crore with Technology Development Board, New Delhi.

After review of these resolution plans, the Resolution Professional shall present compliant resolution plans to the Committee of Creditors for further consideration.

Benchmark indices traded at the days high with major gains in morning trade. The Nifty scaled 17,950 level and raced towards the 18,000 mark. Barring healthcare and pharmaceutical stocls, buying demand was seen across the board. Positive global cues and anticipation of strong Q3 results from domestic companies boosted sentiment. At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 541.66 points or 0.91% […]

Auto stocks were trading in green, with the S&P BSE Auto index increasing 391.21 points or 1.53% at 25966.27 at 09:51 IST.

KEC International rose 2.43% to Rs 472.60 after the company said that it has secured new orders of Rs 1,025 crore across its various businesses.

CreditAccess Grameens consolidated Gross Loan Portfolio (GLP) grew 18.4% Y-o-Y (year-on-year) to Rs 14,587 crore in December 2021 (with CA Grameen contributing Rs 12,180 crore and MMFL contributing Rs 2,407 crore).

Economic recovery was well underway after the second wave of the pandemic although, since October, there have been some disruptions caused by semiconductor shortage, along with supply shortages in coal and power outages causing a slowdown in the manufacturing sector.