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The domestic equity market tumbled on Thursday, tracking weak global peers. Investors around the world digested the U.S. midterm elections results and looked ahead to US CPI data. Any uptick in US inflation numbers would fuel concerns of further rate hikes by the US Fed. All the sectoral indices on the NSE ended in the red. Autos, PSU banks and consumer durables shares corrected. The […]

At meeting held on 10 November 2022

Price band set at Rs 514-541 per share

Sales rise 34.42% to Rs 127.52 crore

Eicher Motors consolidated net profit jumped 76% to Rs 656.86 crore in Q2 FY23 from Rs 373.20 crore in Q2 FY22.

AdaniConnex (ACX), a joint venture of Adani Enterprises has signed a Memorandum of Understanding (MoU) with Adani Power (APL) to acquire 100% equity shares of APLs wholly owned subsidiary namely, Support Properties. The object of the acquisition is to set up infrastructure facilities. The transaction is expected to be completed by January 2023. The acquisition will be done at an Enterprise Valuation of Rs 1,556.50 […]

At meeting held on 10 November 2022

With effect from 12 November 2022

Sales rise 29.52% to Rs 18085.04 crore

COMEX Copper reeled under pressure as equities turned lower ahead of the US inflation. Asian shares turned lower amid lack of major buying support. Chinese Shanghai Composite index dropped 0.39% while the Japanese Nikkei 225 index lost around 1%. European shares eased on continued worries over inflation and Ukraine war. The US stocks slipped on profit selling. The Dow Jones Industrial Average index declined around […]