Stock to watch today: The Indian stock market fell below the day’s record high on Tuesday due to profit booking. At the same time, the Indian stock market may have a weak start on Wednesday amid signals from the global market. At 7:30 am, GIFT Nifty was seen at 21,576, down 40 points from the last close. Meanwhile, the Dow and S&P 500 fell 0.42 percent and 0.15 percent, respectively, while the Nasdaq Composite gained 0.09 percent. The Asian market has been mixed. Japan’s Nikkei was up 1.7 percent, leading the sector’s gains. Australia’s S&P/ASX 200 and South Korea’s Kopsi fell by 0.6 percent. Hang Seng rose 0.3 percent. In such a situation, the market will keep an eye on these shares today.
Delta Corp: The company reported a 15 percent year-on-year decline in Q3 consolidated revenue at Rs 231.7 crore. Net profit fell 59 percent to Rs 34.5 crore.
Vedanta: Moody’s has downgraded Vedanta Resources’ corporate family rating to Caa3 from Caa2 and the rating on unsecured bonds to Ca from Caa3. The outlook has been maintained negative.
KIOCL: The company has temporarily suspended the operations of the pellet plant at Mangalore due to non-availability of iron-ore fines.
power grid: The report says that the company is planning to issue bonds today to raise up to Rs 2200 crore. The base size is said to be Rs 500 crore with a greenshoe option of Rs 1700 crore.
Mahindra & Mahindra: The company will collaborate with US-based automobile technology company Mobileye for software solutions and to explore the creation of full-stack autonomous driving systems.
Power Finance Corp: The company received no objection letter from the Reserve Bank of India for setting up a finance company at the International Financial Services Center in GIFT City, Gujarat.
Lupine:Pharma major launches 0.07 per cent bromfenac ophthalmic solution in US after US FDA approval.
IRCTC: Railway Ministry has nominated Sanjay Kumar Jain as the Chief Managing Director of the company.
steel strips wheels:The company will invest Rs 138 crore in AMW Autocomponents Limited as part of the insolvency resolution plan. The decision on the plan has been taken by its board after the Ahmedabad bench of the National Company Law Tribunal approved the resolution plan for AMW Autocomponents.
Shyam Metallics and Energy:The company has successfully completed fund raising of Rs 1,385 crore through Qualified Institutional Placement (QIP), exceeding expectations with a total bid of Rs 4,055 crore, which is 3.5 times the actual amount raised.
Infibeam Avenues:The company has signed an agreement with the Gujarat government to invest Rs 2,000 crore in the state by 2030.
Polycab India: Refuting media reports of tax evasion, she said that she has not received any communication from the Income Tax Department regarding the outcome of the searches.