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Multibaggers | Value picks | Fundamental Analysis.
UltraTech Cement, part of the Aditya Birla Group, is negotiating to acquire a 28.42% stake in India Cements from VC and MD N. Srinivasan.
This acquisition will boost UltraTech's shareholding in the South India-based company to 51%. According to sources, this transaction will trigger an open offer from UltraTech to purchase additional stakes at an estimated price of ₹400-430 per share, which is 8-15% above the current market price.
Vijay Mallya Banned from Securities Market
SEBI prohibits Vijay Mallya from accessing securities market for 3 years due to:
- Routing funds through overseas accounts
- Fraudulent activities
- Manipulative practices
Mallya faces ongoing extradition efforts from the UK for fraud charges related to Kingfisher Airlines.
#Reliance accounted nearly 90% of India's crude oil imports from Venezuela following the removal of sanctions.
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OpenAI is entering a market traditionally led by Google by selectively launching SearchGPT.
This AI-powered search engine offers real-time internet information access.
#DeltaCorp
There is no proposal to reinstate the 28% GST on online gaming: ET
The greatest insight in investing is understanding that there is always another opportunity, just not always in plain sight.
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🚨The combined market capitalization of Tata Motors and Tata Motors DVR has surpassed ₹4 lakh crore.
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#WELSPUN CORP has successfully secured a significant contract for LSAW pipes and bends from the Middle East. This new addition brings their total order value to ₹1,202 crore.
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A seasoned investor knows that sometimes the best move is no move at all, letting the market's noise fade into the background.
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#CGPower has acquired a 55% stake in GGTronics India, amounting to an investment of Rs 319.4 crore.
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#Bajel Projects Ltd has secured a supply contract worth Rs. 586.28 crore for the Transmission Line Package TL01 from PowerGrid Corporation of India Limited.
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#AdaniWilmar
The Finance Minister emphasized in her budget speech the government's commitment to boosting self-sufficiency in pulses and oilseeds. This strategy focuses on enhancing production, storage, and marketing to achieve 'atmanirbharta' in oilseeds like mustard, groundnut, sesame, soybean, and sunflower.
Adani Wilmar stands to gain significantly from these initiatives due to its extensive range of products, including soybean oil, palm oil, sunflower oil, rice bran oil, mustard oil, and groundnut oil, noted Divam Sharma of Green Portfolio.
Chandrababu Naidu today 😂😂
#Budget2024
#AsianPaints has announced another price increase, the second within a month, raising prices by 1-1.25%. This follows the previous hike implemented on July 10.
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#Coforge Limited, via its subsidiary Coforge DPA NA Inc., is set to acquire customer contracts, key managerial personnel, employees, and sub-contractors/vendors from OptML Inc.
The acquisition, scheduled for completion by Q2FY25, includes an initial payment of USD 6.6 million for a 51% stake, with additional performance-based payouts continuing until March 2028.
An investor's real triumph is not in the numbers but in mastering the art of staying calm and rational in the face of volatility.Читать полностью…
🚨Punjab National Bank (PNB) has reported a net profit of Rs 3,252 crore for the first quarter ending June 30, 2024, marking a 159% increase.
The bank's net interest income rose to Rs 9,504.3 crore, showing a 10.2% year-on-year growth.
In the long run, the market rewards those who can detach their ego from their investments.
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#ITC unveils a strategic medium-term investment plan amounting to approximately Rs 20,000 crore.
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#SJVN has received the Letter of Intent (LoI) from the Mizoram government for the allocation of the Darzo Lui pumped storage project.
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LIQUOR STOCKS:
Andhra Pradesh will restart procurement from leading brands such as Tilaknagar, GM Breweries, and Radico Khaitan.
Craftsman Automation has announced the acquisition of a 100% stake in Craftsman Germany GmbH.
The company has also approved the infusion of up to 60 crore rupees into its German subsidiary, Craftsman Germany GmbH.
ITC Infotech India, a subsidiary of ITC, has established a fully owned subsidiary in Italy named ITC Infotech Italia s.r.l.
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#SonaBLW reported a 21% year-on-year increase in Q1 revenue, reaching Rs 891 crore.
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TATA CONSUMER
- Fundraising Initiative: Set to raise ₹2,998 crore through a rights issue.
- Rights Issue Pricing: ₹818 per share, reflecting a 35% discount to the current market price (CMP).
- Entitlement Ratio: 1 rights equity share for every 26 shares held.
- Key Dates:
- Record Date: July 27, 2024 (Saturday)
- Eligibility Cut-off: Purchase shares by July 25, 2024, to be eligible.
#Infosys has committed to invest 45.4 crore rupees in collaboration with UVC Partners.
This strategic investment is aimed at partnering with UVC's ecosystem and startups to jointly develop next-generation solutions leveraging AI and deep tech.
The quiet power of compounding interest is the investor's best ally, often underestimated but never to be ignored.
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The Indian government allocates ₹15,000 crore for the development of Amaravati, the capital city of Andhra Pradesh, in the 2024 budget. #Budget2024
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Trent Limited has announced the opening of Westside's 230th store in Lucknow. As a part of Tata Enterprise, Westside is steadily growing its presence, delivering innovative and stylish retail experiences.
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The real genius in investing is not in predicting the future but in preparing for it, with a cool head and a steady hand.
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