Adani Green Energy to acquire 50% equity interest in Essel Saurya Urja Company of Rajasthan
Essel Saurya Urja houses 750 MW solar park in the state of Rajasthan. It had a revenue of Rs 9.87 crore in FY22.
“The acquisition will expand AGEL’s footprint in the state of Rajasthan, where the AGEL already owns and operates solar park in a joint venture Company with Government of Rajasthan,” as per an exchange filing.
Markets at 11 AMSensex is up 243.36 points or 0.40 percent at 60,899. Nifty is up 59.70 points or 0.33 percent at 18,113. About 1758 shares have advanced, 1311 shares declined, and 161 shares are unchanged.
Salasar Tech bags order of Rs 143 crore from Nepal Electricity AuthorityThis is the company’s first EPC (engineering, procurement and construction) order. The order pertains to procurement of material equipment, associated accessories and necessary installation services including design, erection, testing and commissioning of 33/11 KV Substations and 33 KV, 11 KV, 400 V Lines and
Distribution system Networks in Dang, Rukum East and Baitadi Districts of Nepal.
Delta Corp shares slump 6% on disappointing operational performance:
Shares of Delta Corp slumped over 6 percent as the company’s quarterly numbers and operational performance disappointed investors.
Delta Corp is one of the five stocks that have been put on ban under the F&O segment today as they have crossed 95 percent of the market-wide position limit as per NSE regulations.
On a consolidated basis, the company’s net sales rose to Rs 273.34 crore in the quarter ended December as compared to Rs 247.22 crore a year ago.
Nifty PSU Bank index slipped 1 percent dragged by Bank of India, Indian Bank, UCO Bank
Ashok Leyland to supply 500 buses to Sri Lanka Government: Bloomberg
Samvardhana Motherson International share price in focus
Investor Sojitz Corporation has offloaded 10.61 crore equity shares in Samvardhana Motherson International via open market transactions, at an average price of Rs 73.11 per share.
The deal was worth Rs 776.34 crore. Sojitz Corporation already held 3.46% stake or 15.61 crore shares in the company as of September 2022.
Samvardhana Motherson International was quoting at Rs 73.95, down Rs 0.25, or 0.34 percent.
Tata Metaliks gains revenue rises 14.5% YoYTata Metaliks has reported profit at Rs 9.48 crore for December FY23 quarter, falling 74% year-on-year dented by weak operating performance. Input cost and finance cost hit bottomline. However, revenue from operations grew by 14.5% YoY to Rs 790.23 crore for the quarter.
BSE Smallcap stocks in focus
| Company | CMP | High Low | Gain from Day’s Low |
|---|---|---|---|
| Agro Tech Foods | 920.00 | 938.35 832.00 | 10.58% |
Usha Martin197.15 197.85
182.857.82%
Gold Prices Today: Precious metals may edge higher amid macro woes; yellow metal sees resistance at Rs 56,580
Manoj Kumar Jain, Prithvi Finmart Commodity Research suggests buying silver around Rs 69000 with a stop loss of Rs 68550 on a closing basis for target of Rs 70000…. Read More
Gold Prices Today: Precious metals may edge higher amid macro woes; yellow metal sees resistance at Rs 56,580” title=”Gold Prices Today: Precious metals may edge higher amid macro woes; yellow metal sees resistance at Rs 56,580
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Earnings on January 18
IndusInd Bank, Alok Industries, CCL Products (India), Central Bank of India, Oracle Financial Services Software, Persistent Systems, PSP Projects, Rallis India, Shemaroo Entertainment, and Surya Roshni will be in focus ahead of quarterly earnings on January 18.
