News Overview

On 7 February 2022

Information Technology stocks were trading in green, with the S&P BSE IT Sector index increasing 783.84 points or 2.32% at 34607.84 at 09:51 IST.

Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index rising 339.03 points or 1.84% at 18752.06 at 09:51 IST.

Blue Dart Express rose 2.95% to Rs 6928.70 after the companys consolidated net profit rose 29.48% to Rs 123.42 crore on 20.98% rise in net sales to Rs 1254.75 crore in Q3 December 2021 over Q3 December 2020.

Multi Commodity Exchange Of India (MCX) reported 52% fall in consolidated net profit to Rs 34.46 crore on a 17% decline in total income to Rs 104.06 crore in Q3 FY22 over Q3 FY21.

All sectoral indices were on a bull run with IT stocks leading the pack while significant gains were also seen in consumer durables, oil & gas, auto and banking stocks.

it is expected that the upcoming budget will make the interest received on Sovereign gold bond tax free

M.P. Road Development Corporation is deemed to have taken possession and control of Project Highway in Madhya Pradesh and has directed MTPL to hand over the land and other immovable property to a representative of the Authority.

The board would consider conducting an extraordinary general meeting/postal ballot process to seek approval of the shareholders.

The Company continues to be debt free on a standalone basis and on a consolidated basis the net debt is negligible.