As the second wave of the pandemic hit the economy and various businesses, well-known investors of Dalal Street loosened their purse strings to buy some beaten-down stocks. These stock pickers, whose purchases and sale of stocks are tracked by market participants, raised their bets or bought afresh shares of financial, metal and textiles companies in the June quarter.
For instance, Rakesh Jhunjhunwala’s name showed up in June quarter holdings of Indiabulls Housing and SAIL with 2.17% and 1.39% stake, respectively. Jhunjhunwala increased stake in Edelweiss by 0.4% but lowered stake in Titan, TV18 Broadcast and Autoline Industries.
Chennai-based investor Dolly Khanna’s name showed up in June quarter holdings of Deepak Spinners and Nitin Spinners, in which she owns 2.1% and 1.2% stake. Investors’ holdings of over 1% in companies appear in stock exchange disclosures.
IPO Update: Dodla Dairy IPO subscribed 3 16 times on Day 2
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.
Dodla Dairy IPO opens tomorrow: Should you subscribe to the issue?
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.
Parag Milk Foods announced that ICRA has revised the credit rating for Rs 603 crore bank line(s) availed by the company as under:
Long term - ICRA A (The negative outlook on the long-term rating has been removed and upgraded to watch with developing implications.)
Short term - ICRA A2+ (ratings on watch)
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views a
Farmers in 3 UP villages stop milk supply in solidarity with farmers’ movement
Agencies
March 2, 2021
Amroha, Mar 2: In an unexpected development, dairy farmers in three villages in Amroha district have stopped supply of milk to the cooperative societies to express their solidarity with the farmers movement.
The dairy farmers have also announced that from March 6, they will sell milk at Rs 100 per litre. At present, their supply is sold at Rs 35 per litre.
State president of Bharatiya Kisan Union (BKU) youth wing, Digambar Singh, said, We have not invoked the farmers to stop the milk sale. Farmers are doing so of their own to protest against farm law. Agitation is not confined to us, it has reached ground level and is now getting support from other farmers and common man too.