News Overview

Consumer goods stocks were trading with gains, with the S&P BSE Consumer Discretionary Goods & Services index increasing 39.81 points or 0.66% at 6072.57 at 09:50 IST.

Auto stocks were trading in the positive zone, with the S&P BSE Auto index rising 535.17 points or 2.04% at 26829.93 at 09:50 IST.

Industrials stocks were trading in the positive zone, with the S&P BSE Industrials index rising 35.08 points or 0.57% at 6169.24 at 09:50 IST.

Lagnam Spintex hit an upper circuit limit of Rs 10% to Rs 90.45 after the companys net profit surged 107.05% to Rs 9.40 crore on 45.03% rise in net sales to Rs 90.95 crore in Q3 December 2021 over Q3 December 2020.

Apollo Tyres rose 1.60% to Rs 235.25 after the company made a cash investment of Rs 9.33 crore by acquiring 27.20% stake or 11,66,250 equity shares having face value of Rs 10 each, at a premium of Rs 70 each, on Friday, 14 January 2022.

The two-wheeler major further augments its endevours towards emerging mobility.

An initial investment of around Rs140cr are estimated for the new facility.

On 24 January 2022

Vedanta Ltd has lost 2.74% over last one month compared to 5.02% gain in S&P BSE Metal index and 7.32% rise in the SENSEX

Va Tech Wabag gained 2.45% to Rs 342.30 after the company secured an order worth about $100 million for reverse osmosis of Hassyan sea water in United Arab Emirates.