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Market LIVE Updates: Sensex gains 1,200 pts, Nifty above 17,250; all sectors in the green – Moneycontrol

October 04, 2022 / 03:17 PM IST

BSE Auto index gained 2 percent supported by the TVS Motor, Ashok Leyland, Hero MotoCorp

October 04, 2022 / 03:13 PM IST

Subscribe to Electronics Mart India: Ajcon Global

At the upper end of the price band of Rs 59, the Company’s IPO is valued at P/E of 21.85x at post IPO FY22 EPS which we believe is reasonable and decent considering strong fundamentals of the Company. 

The Company’s past financial performance has been good as compared to industry peers. We recommend “SUBSCRIBE” to the issue due to the following factors.

October 04, 2022 / 03:11 PM IST

Britannia Industries arm acquires 51% stake in Kenya-based Kenafric Biscuits

Britannia Industries through its subsidiary Britannia and Associates (Dubai) has acquired control of Kenafric Biscuits, Kenya by subscribing to 51% stake in the said company, for Rs 9.2 crore. The subsidiary also acquired 100% stake in Catalyst Britania Brands for Rs 1.42 crore.

Britannia Industries was quoting at Rs 3,819.40, up Rs 51.45, or 1.37 percent on the BSE.

October 04, 2022 / 03:05 PM IST

Electronics Mart India IPO

Electronics Mart India IPO

October 04, 2022 / 03:00 PM IST

Market at 3 PMBenchmark indices were trading at day’s high level with Nifty around 17250.The Sensex was up 1,252.07 points or 2.20% at 58040.88, and the Nifty was up 378.50 points or 2.24% at 17265.80. About 2456 shares have advanced, 722 shares declined, and 115 shares are unchanged.

Market at 3 PM     Benchmark indices were trading at day's high level with Nifty around 17250.    The Sensex was up 1,252.07 points or 2.20% at 58040.88, and the Nifty was up 378.50 points or 2.24% at 17265.80. About 2456 shares have advanced, 722 shares declined, and 115 shares are unchanged.

October 04, 2022 / 02:56 PM IST

Rama Steel Tubes Q2FY23 sales performance

Rama Steel Tubes registered sales volume of 48,774.67 Ton in Q2FY23. This is the highest quarterly sales volume reported by the company. 

The sales volume for H1FY23 was 78,608.63 Ton compared to 46,698.18 Ton last year. 

In H2FY23, the sales volume would get further boost from commissioning and ramp-up of New capacity expansion at Khopoli Plant, Maharashtra.

Rama Steel Tubes was quoting at Rs 109.80, up Rs 5.20, or 4.97 percent.

October 04, 2022 / 02:54 PM IST

Fitch Affirms Bank of Baroda at ‘BBB-‘; Outlook Stable

Fitch Ratings has affirmed India-based Bank of Baroda’s (BOB) and wholly owned subsidiary Bank of Baroda (New Zealand) Limited’s (BOB NZ) Long-Term Issuer Default Ratings (IDRs) at ‘BBB-‘. The Outlook is Stable. 

The agency has also affirmed BOB’s Viability Rating (VR) at ‘bb-‘.

At the same time, also affirmed BOB’s Government Support Rating (GSR) of ‘bbb-‘ and BOB NZ’s Shareholder Support Rating (SSR) of ‘bbb-‘.

Bank Of Baroda was quoting at Rs 132.95, up Rs 4.95, or 3.87 percent on the BSE.

October 04, 2022 / 02:52 PM IST

BuzzingSouth Indian Bank announced its provisional numbers for September FY23 quarter, saying gross advances grew by 17% YoY to Rs 67,981 crore and deposit rose 2% YoY to Rs 88,503 crore.

Buzzing     South Indian Bank announced its provisional numbers for September FY23 quarter, saying gross advances grew by 17% YoY to Rs 67,981 crore and deposit rose 2% YoY to Rs 88,503 crore.

October 04, 2022 / 02:44 PM IST

BSE Realty index added 2 percent led by the Indiabulls Real Estate, Macrotech Developers, Godrej Properties

BSE Realty index added 2 percent led by the Indiabulls Real Estate, Macrotech Developers, Godrej Properties

October 04, 2022 / 02:41 PM IST

Vishnu Chemicals to consider sub-division of shares on October 31

Vishnu Chemicals’ board of directors on October 31 will consider the sub-division of shares. The board will also consider financial results of the company for the second quarter and half year ended September 2022.

Vishnu Chemicals was quoting at Rs 1,946.90, up Rs 78.55, or 4.20 percent.

October 04, 2022 / 02:36 PM IST

Nifty IT index gains 2.7 percent led by Coforge, L&T Infotech and TCS

Nifty IT index gains 2.7 percent led by Coforge, L&T Infotech and TCS

October 04, 2022 / 02:28 PM IST

Bajaj Steel appoints Vinod Kumar Bajaj as additional non-executive director

Bajaj Steel appoints Vinod Kumar Bajaj as additional non-executive director