DLF’s KP Singh sells entire 0.59% stake for Rs 731 crore; stock down 3.7%

Founder KP Singh divested 0.59 per cent stake in DLF on Tuesday. He sold nearly 14.5 million shares at Rs 504.2 apiece to raise Rs 731 crore. Shares of the real estate major last closed at Rs 499.7, down 3.7 per cent over its previous close. Shares of DLF have rallied 33 per cent so… Continue reading DLF’s KP Singh sells entire 0.59% stake for Rs 731 crore; stock down 3.7%

Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high

Shares of Tata Power Company hit a 10-month high at Rs 243.20, gaining 3 per cent on the BSE in Tuesday’s intra-day trade on the back of heavy volume on positive outlook. The stock of Tata group integrated power utilities company was quoting higher for the third straight day, surging 10 per cent during the… Continue reading Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high

Indian refiners stock up Urals crude oil before Russian supply cut

Indian imports of Urals grade crude oil from the Russian Federation climbed 13-14 per cent month-on-month to a fresh high in July, according to ship tracking and Russian government data. But there has been a cloud over supplies in August with Russia  cutting its oil export.       Urals oil — high sulphur,… Continue reading Indian refiners stock up Urals crude oil before Russian supply cut

Stock exchange NSE considering extending trade timings in phased manner

The National Stock Exchange (NSE) of India Ltd, India’s largest stock exchange, is looking at extending trade timings in a phased manner in consultation with its broker members, Mint reported on Monday. At the present moment, the regular trade timing session on NSE and BSE operates from 9:15 am to 3:30 pm for… Continue reading Stock exchange NSE considering extending trade timings in phased manner

Stock of this smallcap industrial products company has zoomed 90% in July

Shares of Lloyds Steels Industries hit a record high of Rs 44.74, as they rallied 16 per cent on the BSE in Monday’s intraday trade amid heavy volume. The stock of industrial products company quoted higher for the third straight day, surging 35 per cent during the period. Thus far in the month of July,… Continue reading Stock of this smallcap industrial products company has zoomed 90% in July

UBS ‘double upgrades’ Gail India to buy; sees 25% upside in the stock

GAIL Q4FY23 net profit drops 77.5%, revenue from operations up 21.8% Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto Stocks to watch: L&T, GAIL, ONGC, Fortis… Continue reading UBS ‘double upgrades’ Gail India to buy; sees 25% upside in the stock

Central team to visit Telangana from Monday, to take stock of damage

An Inter-Ministerial Central Team (IMCT) will visit Telangana on July 31 to assess the damage caused by floods in the state following the recent heavy rains. The team will be led by National Disaster Management Authority (NDMA) Advisor Kunal Satyarthi and will consist of representatives of ministries/departments of Agriculture, Finance, Jal Shakti, Power,… Continue reading Central team to visit Telangana from Monday, to take stock of damage