Stay updated with breaking news from Fundamental Analyst. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Concern among minority shareholders about the Master Supply and Service Agreement proposed by Ambuja Cements is the main reason for the fall in share prices. They believe Sanghi Industries’ control on profitability will be limited under the agreement.
Shares of LIC declined to Rs 568.40 on May 18, 2023 from Rs 876.25 last year. On the other hand, the benchmark BSE Sensex advanced 13.30 per cent during the same period. Private life insurer ICICI Prudential Life Insurance Company also lost 15 per cent in the past one year.
While India Inc.’s Q4FY23 results were mixed to muted, the global macroeconomic environment is weighing on some export-oriented sectors
Shares of Infosys and TCS have cracked 22.2 per cent and 11.30 per cent in the last 12 months till April 18, 2023. On the other hand, the BSE Sensex gained 4.5 per cent during the same period. Other large-cap IT majors including Wipro, HCL Technologies and Tech Mahindra have also declined 32 per cent, 4 per cent and 24 per cent, respectively, since April last year.
During its meeting in April, the RBI's monetary policy committee (MPC) opted to maintain the policy repo rate at 6.50 percent.