News Overview

L&T Infotech (LTI) and Mindtree (MTCL) have received NCLT approval for the scheme of amalgamation. LTIMindtree will start operating as a merged entity from 14th November, 2022, while record date for the merger is 24th November.

Fusion Microfinance is listed on BSE and NSE at a discounted rate of Rs 359 per share against the issue price of Rs 368 per share.

On a consolidated basis, Shriram Properties net profit stood at Rs 19.5 crore in Q2 FY23 as against net loss of Rs 23.2 crore in Q2 FY22.

FCS Software Solutions hit an upper circuit limit of 10% at Rs 2.99 after the company reported consolidated net profit of Rs 0.53 crore in Q2 FY23 as against net loss of Rs 0.02 crore in Q2 FY22.

NMDC slipped 3.09% to Rs 109.85 after the PSU company reported 62.05% drop in standalone net profit to Rs 888.68 crore in Q2 FY23 as against Rs 2,341.87 crore in Q2 FY22.

Record date is 24 November 2022

Record date is 08 December 2022

Telecom stocks were trading with gains, with the S&P BSE Telecommunication index increasing 8.29 points or 0.46% at 1802.16 at 09:46 IST.

Auto stocks were trading in the positive zone, with the S&P BSE Auto index rising 272.89 points or 0.91% at 30175.34 at 09:46 IST.

Utilties stocks were trading in green, with the S&P BSE Utilities index rising 13.01 points or 0.33% at 3974.13 at 09:46 IST.