Real-estate developers go on strike over cement, steel price hike in Gujarat
Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association. PTI
ACC | Company announced the commissioning of new cement production facility at the company s existing Sindri Grinding Unit in Jharkhand.
Real-estate developers and contractors in Gujarat on Friday joined the day-long nationwide strike to protest against the exorbitant hike in prices of cement and steel.
Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association.
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We had mentioned in last week’s closing report that Nifty, Sensex remained bullish. The major indices continued to rally and ended with major gains. The trend of the major indices in the week is given in the table:
On Monday, the major indices made decent gains. On the NSE, there were 1,361 advances, 580 declines and 304 unchanged.
Eicher Motors’ Royal Enfield sales jumped 37% in December 2020 to 68,995 units as against 50,416 units in the year-ago period. Exports soared 82% to 3,503 units as against 1,927 units in December 2019. Total commercial vehicle sales jumped 31.8% from 3,710 units sold in the previous month.
Tata Motors reported 21% increase in vehicle sales in the domestic market to 53,430 units in December. The company had sold 44,254 units in the domestic market in the same month in 2019.
Here are the top stocks to watch in today s session:
HDFC Bank: HDFC Bank has witnessed a loan growth of 19 per cent to Rs 10,82,000 crore during the third quarter ended December 2020. The bank had an outstanding loan of Rs 9,36,000 crore as of December 31, 2019, and a growth of around 4 per cent.
IndiGo: IndiGo will now be able to operate longer overseas routes with its 29 Airbus A320/A321neos, powered by modified P&W engines, getting extended diversion time operations (EDTO) approval from aviation regulator DGCA, according to a report by PTI.
CSB Bank: Private sector lender CSB Bank on Tuesday said SBI Mutual Fund has increased its stake in the bank to over 5 per cent. According to a regulatory filing by CSB Bank, the stake of the fund house rose from 4.96 per cent to 5.01 per cent following the acquisition of an additional 86,993 shares.
Stocks in news: HDFC, HDFC Bank, RIL, Bajaj Finance, Hero MotoCorp, Godrej Consumer
Stocks to watch today on January 6: HDFC, HDFC Bank, RIL, Bajaj Finance, Hero MotoCorp, Godrej Consumer among others are the top stocks to watch out for in Wednesday s trading session
BusinessToday.In | January 6, 2021 | Updated 09:32 IST
Stocks to watch today on January 6
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Wednesday s trading session based on latest developments.
HDFC: The lender is planning to raise up to Rs 5,000 crore by issuing secured redeemable non-convertible debentures on private placement basis.