New Delhi: Indian indices jumped to record highs before closing lower on Monday as investors booked profits in FMCG and IT stocks. All eyes are on the US Federal Reserve’s meeting this week in which the US central bank is expected to share its stance on rate cuts. The key rate has remained unchanged at 6.50 per cent.
The Sensex closed at 81,355.84, up 23.12 points, while the NSE Nifty closed 0.01 per cent higher at 24,836.10, a record high for both benchmark indices.
PNB Housing Finance: US-based Carlyle Group Quality Investment Holdings is expected to sell a 6.4 per cent stake in the listed NBFC via block deals in an offer size of Rs 1,255.6 crore with a floor price of Rs 755 per share, CNBC TV18 reported, citing people familiar with the matter.
ITD Cementation India: The company received an order worth Rs 1,237 crore to construct a residential colony in New Delhi. The company’s promoter, Italian Thai Development Public Co, owns a 46.64 per cent stake as of March 2024.
Kalpataru Projects International: Kalpataru Projects International reported a 26 per cent decline in profit after tax to Rs 84 crore from Rs 113 crore in the year-ago period.
Bandhan Bank: The company’s stocks rose nearly 13 per cent on Monday after the lender reported a 47 per cent on-year jump in Q1 net profit to Rs 1,063 crore. The company’s revenue rose 23 per cent during the same period.
Concor: A proposal to offload a 30 per cent stake in the navratna PSU has been put on the back burner by the government of India for a 58.40 per cent in the container corporation.
Power Grid: The PSU company said it plans to execute projects worth Rs 65,000 crore in the next 2.5 years, said chairperson R K Tyagi. The company’s overall pipeline has Rs 1.14 lakh crore in hand.
ICICI Bank: The banking stock was up 0.28 per cent on Monday after the lender said it expected a 10-14 per cent fall in liquidity coverage ratio from RBI’s latest guidelines.
Adani Wilmar: The Adani Group company reported a jump in Q1 net profit to Rs 313 crore backed by higher volumes.
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Stocks in News Today: From Adani Wilmar to Concor, here are stocks that are likely to be in focus today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
