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The regulator alleged that the 6.83 per cent stake, which was acquired by RIL’s promoters together with persons acting in concert (PACs) in 2000, was in excess of the ceiling of 5 per cent prescribed in the takeover code.
Market Movers: Why Hindalco shares tanked 4% todayOutlook commentary suggested that Q1FY23 adjusted EBITDA will return to $500 million-plus as one-time operational cost incidence is behind the company, brokerage ICICI Securities said while maintaining a buy call on Hindalco.… Read MoreMerrill Lynch fund sells ICICI Bank shares worth Rs 34 crAccording to block deal data available with the BSE, Merrill Lynch sold 4,80,440 shares at an average price of Rs 714.65 apiece, taking the transaction size to Rs 34.33 crore.
from Stocks-Markets-Economic Times https://ift.t… Read MoreNSE-BSE bulk deals: Motilal Oswal Mutual Fund buys 32 lakh shares of Campus ActivewearThe fund house acquired 16 lakh shares at Rs 360 per share and another 16 lakh shares of Rs 364.97 per share.
from Stocks-Markets-Economic Times https://ift.tt/qfGBIDp
… Read MoreDay Trading Guide: Axis Bank among 4 stocks that analysts recommend for Tuesday“With regards to the Nifty Bank index, 34,500 could be the breakout level and above the same, we might see some relief for the banking stocks.”
from Stocks-Markets-Economic Times https://ift.tt/K3wWyRD
… Read MoreRIL Q4 Takeaways: $100 billion revenue, ARPU inches higher, retail biz breaks records & othersRIL became the first-ever company in India to report over $100 billion in annual revenue. The company reported a record annual consolidated revenue at Rs 7,92,756 crore ($104.6 billion), which rose 47 per cent year-on-year (Y… Read More
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