Latest Updates Around The World
If Nifty IT gives a breakdown below the 35,400 level, it could potentially create chaos in the sector, said Rupak De, Senior Technical Analyst at LKP Securities. “On the other hand, if the index remains above 35,400, we can expect a meaningful price recovery in the IT space.”Edited excerpts from a chat: FII shorts in […]
Shares of Whirlpool of India will be in focus on Monday, December 8, after takeover talks between global private equity firm Advent International and Whirlpool Corp collapsed, a Reuters report said.Discussions focused on acquiring a 31% stake in Whirlpool of India for up to $1 billion. Under Indian regulations, this would have led to a […]
The latest car sales figures have investors optimistic as industry experts point to strong growth driven by recent VAT cuts. Dipan Mehta, director of Elixir Equities, said: “There were some good numbers coming out of the auto industry and the VAT cuts have clearly benefited auto volumes across the board. And more importantly, management is […]
Indian promoter Whirlpool Mauritius Limited is likely to sell a 7.5% stake, representing 95 million shares in the company, in a block deal. The company has likely set the floor price at Rs 1,030 per share, while the deal is valued at Rs 965 crore.News of a likely stock sale was reported today by CNBC […]
Shares of Saatvik Green Energy, which went public last month, saw their shares rise as much as 8.4% to their new all-time high of Rs 499.40 on the NSE on Wednesday, October 8, after the company announced that it had secured two new orders totaling Rs 707 crore. Interestingly, the company will also announce its […]
