News Overview

Basic materials stocks were trading in green, with the S&P BSE Basic Materials index increasing 64.1 points or 1.1% at 5902.5 at 09:51 IST.

Power stocks were trading in the positive zone, with the S&P BSE Power index rising 35.51 points or 0.94% at 3807.77 at 09:51 IST.

Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 577.28 points or 2.94% at 20230.13 at 09:51 IST.

The new manufacturing plant at Bawal will produce electronic components for automotives.

The company is into textiles and its products are polypropylene filament yarn, grey cloth, etc.

Titagarh Wagons advanced 2.74% to Rs 116.35 after the company acquired land and infrastructure of Precision Shipyard located in Falta, West Bengal, in an auction of sale conducted by the Union Bank of India.

Revenues up 30% YoY at Rs 20315 cr

Mahindra & Mahindra has received affirmation in credit ratings from CRISIL as under: Total bank loan facilities rated – Rs 1350 crore Long term rating – CRISIL AAA/ Stable Short term rating – CRISIL A1+ Rs 475 crore non-convertible debentures – CRIISL AAA/Stable Rs 500 crore non-convertible debentures – CRIISL AAA/Stable Rs 500 crore non-convertible debentures – CRIISL AAA/Stable Rs 1000 commercial paper – CRIISL […]

This product is mainly used in Pharmaceutical sector.

CRISIL expects the shortage of semiconductors to ease, and this, along with healthy demand from its new launches, particularly the XUV 700 and Thar, should support volume growth in the UV segment.