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Laurus Labs, Coforge, Dabur India to go ex-dividend; stock split, buyback & more

Allsec Technologies (Rs 20 per share dividend), Crisil (Rs 10 per share), Navin Fluorine International (Rs 5 per share), Indian Metals & Ferro Alloys (Rs 5 per share), VIP Industries (Rs 2.5 per share), TCI (Rs 2.5 per share) and Vaibhav Global (Rs 1.5 per share) will go ex-dividend today.

India , Ajanta-pharma , Industries-rs , Adani-enterprises , Navin-fluorine-international , Corporation-of-india , Ansal-properties-infrastructure , Devyani-international , Navin-fluorine-international-rs , Laurus-labs , Dabur-india , Transport-corporation

APL Apollo Q4 sales volume rises 8.6% YoY

The branded structural steel tube company on Thursday registered an 8.67% rise in sales volume to 435,348 ton in Q4 FY21 compared with 400,616 ton in Q4FY20.The company registered sales volume of growth of 0.43% to 16,40,353 ton in FY21 from 16,33,310 ton recorded in FY20, despite Covid-19 disruptions. "This highlights APL Apollo's strength in maintaining its dominant leadership in structural steel tubes market and increasing its market share to 50% from 40% since March 2020," the company said in a press release.
On a sequential basis, total sales declined 10.34% last quarter from 485,579 ton reported in Q3FY21.
Shares of APL Apollo Tubes were trading 5.33% lower at Rs 1325.90 on BSE.

India , Apollo-tricoat , Shri-lakshmi , Shri-lakshmi-metal-udyog , Capital-market , Units-of-measurement , Units-of-volume , Ton , Tube , Structural-steel , Measurement

APL Apollo, Apollo Tricoat Tubes surge up to 10% on board nod to merger

Shares of APL Apollo Tubes (APL Apollo) and Apollo Tricoat Tubes (Apollo Tricoat) rallied up to 10 per cent to hit their respective all-time highs on the BSE in intra-day trade on Monday after their boards approved the merger of Shri Lakshmi Metal Udyog and Apollo Tricoat with APL Apollo.
The stock of APL Tricoat rallied 10 per cent to Rs 1,020, while APL Tubes gained 5 per cent to Rs 1,125. In comparison, the S&P BSE Sensex was up 1.2 per cent at 49,693 points at 09:25 am.
Apollo Tricoat’s minority shareholders will receive one equity share in APL Apollo for each equity share held in Apollo Tricoat. This implies a premium of 16 per cent to the previous closing price for Apollo Tricoat’s shareholders. The merger will result in an increase of 10.8 per cent in APL Apollo’s share capital.

Apollo-tricoat , Apollo-tricoat-tubes , Shri-lakshmi-metal-udyog , Apl-apollo-tubes-share-price , Apollo-tricoat-tubes-share-price , Markets , Merger , Markets-news , Stocks-news , Share-price-update , திரு-லட்சுமி-உலோகம்-உதியோக்

Gap up opening seen; but FPIs hold the key - The Hindu BusinessLine

Gap up opening seen; but FPIs hold the key
March 01, 2021
Investors would closely track bond yields, geopolitical tensions and inflation data for further market direction
Global and Asia-Pacific markets point to a strong opening for Indian markets. SGX Nifty, which is ruling at 14,751, points to at least a 200-point gap-up opening for Nifty. The Nifty March futures on Friday crashed almost 4 per cent to close at 14,578.
Asia Pacific markets too opened with sharp gains. Key markets such as Japan, China, Australia and Hong Kong are up between 1 and 2 per cent.
Foreign fund flows will continue to dictate the market direction, said market experts. In one of the biggest pull-outs in recent times, FPIs on Friday (net) sold shares worth ₹8,295 crore. The market crashed almost 4 per cent.

Australia , Japan , India , Hong-kong , China , Bhavnagar , Gujarat , Delaware , United-states , Rajapalayam , Tamil-nadu , Panipat

Apollo Tricoat hits record higher after board OKs merger with APL Apollo

Apollo Tricoat Tubes surged 8.20% to Rs 1000 after its board approved a draft scheme of amalgamation of the company and Shri Lakshmi Metal Udyog with APL Apollo Tubes.
The scrip gained 10.36% to hit an intraday high of Rs 1,020 in trade today, which is also a record high for the counter.
Meanwhile, shares of APL Apollo Tubes shed 0.12% to currently trade at Rs 1069 on the BSE.
APL Apollo and Apollo Tricoat are engaged in the business of production of ERW steel tubes. Shri Lakshmi is engaged in the business of production of ERW steel tubes and GP Coils.
The amalgamation would combine the businesses under "APL Apollo" brand with wide product offerings and geographical footprint leading to a stronger market presence.

Apollo-tricoat , Shri-lakshmi , Apollo-tricoat-tubes , Shri-lakshmi-metal-udyog , Capital-market , Programming-languages , Computer-programming , Apl-programming-language-family , Apl , Ibm-software , Apollo

Board of Apollo Tricoat Tubes approves draft scheme of amalgamation

Read more about Board of Apollo Tricoat Tubes approves draft scheme of amalgamation on Business Standard. At meeting held on 27 February 2021

Apollo-tricoat-tubes , Shri-lakshmi-metal-udyog , Companies-act , Capital-market , Canadian-alliance-of-student-associations , Draft-2021-laotian-parliamentary-election , Metallic-rolling-amp-drawing-products , Iron , Steel-mills-amp-foundries , Apl-apollo-tubes , Shri-lakshmi-metal