Sector Morning Notes For 22nd March 2024
2 min read
Marketplaces rebounded sharply to regains its handle higher than 50 DMA led by gains from financial institutions. The sharp fall in India VIX is found as a optimistic trigger for Nifty for its approaching rally to 23,500. We hope Nifty Financial institution to see outperformance in breakout over 47,100.
Nifty Futures Chart
Shares To Check out
Constructive Read through By means of
TVS Motor – To situation 4 NCRPS worthy of Rs. 19 bn via bonus for every single 1 share held.
Bharat Dynamics – Board approves inventory split in the ratio of 1:2 and interim dividend of Rs. 8.85/sh.
Mazagon Dock – Company to lease land & constructing measuring 14.55 acres from Mumbai Port Authority for Rs. 3.54 bn for 29 years.
Tata Comm – To transfer electronic services small business to its subsidiary Novamesh for Rs 4.58 bn.
Sarda Electricity – JV will get LoI for license for iron ore block in Maharashtra for region of 1,526 hectare.
Coforge – Opportunity in pursuing M&A technique, problem particulars on fund increase reason.
Lemon Tree – Symptoms franchise settlement for lodge in Ranchi, Jharkhand.
Karnataka Financial institution – To increase up to Rs. 6 bn by using QIP, Floor value at Rs. 231.43/share.
Texmaco Rail – Launches QIP to raise up to Rs. 2.50 bn, indicative cost at Rs. 155/share.
Status – Aacquires 62.5 acres land for R.s 4.68 bn in NCR for integrated township
Star Housing – Co-lending partnership with Tata Capital Housing Finance.
TVS Holdings – Interim dividend declared Rs 94/Share, also approves proposal to raise cash.
Grauer and Weils – Entered into engineering transfer and license settlement with OTMK GMBH.
IndiGo – Firm said to be nearing determination on widebody jet order.
Mahindra Daily life – Launches a household undertaking, ‘Mahindra Zen’ at Bengaluru South.
Destructive Go through By way of
Hind Zinc – Delays demerger options amid the government objections.
Agro Tech Food items – Sachin Gopal resigns from the put up of Managing Director.
IT Shares – Accenture noted a weak end result, lower FY24 earnings development assistance to 1-3 pct from 2-5 pct previously.
Tata Chem – Earnings tax department imposes penalty of Rs. 1.04 bn.
Crompton Greaves – Corporation receives notice for I-T Department for tax demand from customers of Rs 680 mn for AY23.
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