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Page 7 - கிர்லோஸ்கர் இரும்பு தொழில்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks in news: Mrs Bectors Food, Airtel, RIL, HDFC, Tata Communications, Aurobindo Pharma

Stocks in news: Mrs Bectors Food, Airtel, RIL, HDFC, Tata Communications, Aurobindo Pharma
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Kirloskar Ferrous Industries Limited update on acquisition of assets of VSL Steels Limited

Kirloskar Ferrous Industries Limited update on acquisition of assets of VSL Steels Limited Posted On: 2020-12-23 07:56:15 (Time Zone: Arizona, USA) After receipt of the approval of the Board of Directors and the Members of VSL Steels Limited [ the Seller ], the Company has completed on 23 December 2020 the acquisition of movable and immovable assets relating to the pig iron plant of the Seller situated at Paramenahally Village, Hiriyur, Chitradurga District - 577598, Karnataka. The Company is in process to renovate those assets and to obtain necessary approvals / permissions / licenses from statutory / government authorities for commencement of operations. The company will update in due course after commencement of operations of the pig iron at that plant.

Mid, Smallcap indices slip over 5%; SpiceJet hits 10% lower circuit

Shares of mid-and-smallcap companies were under severe pressure on Monday, with the S&P BSE Midcap and S&P BSE Smallcap indices slipping over 5 per cent as investors booked profits after European markets opened with sharp cuts. At 02:33 pm, the S&P BSE Midcap index and the S&P BSE Smallcap index were down 5.4 per cent each, as compared to 3.3 per cent decline in the S&P BSE Sensex on the back of Covid resurgence in some European countries and concerns over possible lockdown restrictions as a result of the same. Since November, these indices had rallied 19.5 per cent, against 18.5 per cent gain in the benchmark index, till Friday.

Smallcap stocks: SBI Mutual Fund goes all out for NHPC; picks more midcaps & smallcaps

Explore Now NEW DELHI: Fund managers at SBI Mutual Fund continued to accumulate smallcaps and midcaps and dumped big names from the Nifty pack in November, as they saw limited upsides in largecaps after a record rally since March. The fund house went all out for NHPC, buying over 1 crore shares of the hydroelectric power generator. Power consumption in the country has grown past pre-Covid level with projections for further growth. This has made analysts bullish on the sector. “If I have to look at it from a two-three years’ perspective, the power sector could be a great turnaround story from the current level. We were power deficit once, but are now in power-surplus mode,” said Yogesh Mehta, Founder of Yield Maximisers.

Smallcap stocks: SBI Mutual Fund picks more midcaps and smallcaps

Synopsis The fund house went all out for NHPC, buying over 1 crore shares of the hydroelectric power generator. SBI Mutual Fund, the largest fund house in the country, dumped some of the biggest names from elite Nifty50 club, especially banking stocks. NEW DELHI: Fund managers at SBI Mutual Fund continued to accumulate smallcaps and midcaps and dumped big names from the Nifty pack in November, as they saw limited upsides in largecaps after a record rally since March. The fund house went all out for NHPC, buying over 1 crore shares of the hydroelectric power generator. Power consumption in the country has grown past pre-Covid level with projections for further growth. This has made analysts bullish on the sector.

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