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I) Nifty: opened at 24459 and touched a high of 24461 then a low of 24141 and closed at 24324 with a total of - 108 points in Negative
II) Bank Nifty: open 52528 and touched a high of 52528 then a low of 52075 and closed at 52189 With a total of - 379 points Negative
III) Fin Nifty: open 23647 and touched a high of 23649 then a low of 23478 and closed at 23599 With a total of - 63 points in Negative
IV) Nifty Mid Select: open 12450 and touched a high of 12453 then a low of 12153 and closed at 12392 With a total of - 18 points in Negative
Capri Global Capital has declared a stock split in the ratio of 1: 2 that means from one ₹2 equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1
RVNL signed MoU with TATWEER Middle East and Africa LLC for using RVNL’s expertise in railway sector, developing joint capabilities in design and execution of various rail-based work in MENA region and European countries.
Voltas, Blue Star, Havells, Crompton Greaves Consumer Electricals share prices have risen up to 97% year-to-date. The Consumer Durables firms see prospects being led by strong summer season sales also driving Q1 earnings growth as some analysts estimate net profit even double.
M&M shares fell 6% due to XUV700 price cuts. Countering peer discounts and weak sales, cuts could lower earnings but increase volumes. AX7, AX7L trims are 50-60% of 6,000-8,000/month volume. Axis Capital sets a target price at Rs 3,150. Domestic brokerage firm estimates 2-3% impact on overall EBITDA. Cuts affect EBITDA by Rs 300-350 mn/month for four months.
Capri Global Capital has declared a stock split in the ratio of 1: 2 that means from one ₹2 equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1