Market Update

KKR hikes stake in Reliance Retail Ventures, brokerages estimate fair value at Rs 1,200

Shares of Reliance Industries opened higher on September 12, a day after global investment firm KKR said it increased its stake in Reliance Retail Ventures. The KKR deal makes Reliance Retail Ventures one of the top four Indian companies by net equity value in the country. On September 11, the global investment firm invested Rs …

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Bajaj Finserv up over 2% as subsidiary Bajaj Allianz reports numbers in August

Bajaj Finserv’s shares rose more than 2% in early trading on Sept. 8, a day after subsidiary Bajaj Allianz General Insurance Ltd. released strong August figures. His August gross direct premium of Bajaj Allianz General Insurance Company was his Rs 200 crore. Bajaj Allianz Life Insurance Company’s gross premium for August was Rs 926.41 crore …

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Tata Steel gains after subsidiary signs MoU for green hydrogen plant in Odisha

Tata Steel Limited rose more than 1 per cent in the morning of 8 September after the company signed a contract with AVAADA Group for a green hydrogen and ammonia production facility in Orissa. AVAADA said it had signed a memorandum of understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL), but did not …

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Bajaj Finance’s acquire and cross-sell strategy to be key growth driver in FY24, says Motilal Oswal

Motilal Oswal Financial Services reiterated its optimistic outlook for Bajaj Finance, citing the lender’s ambition to become a financial services provider that is “pervasive” across multiple consumer touchpoints. use. Bajaj Finance aims to assert its dominance across physical, app-based, web, social and virtual channels. The core of Bajaj Finance’s omni-channel strategy lies in providing a …

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NBCC shares hit 52-week high after Rs 2,000-cr order win for Kerala housing project

NBCC shares jumped more than 6% to hit a 52-week high of Rs 63.65 in the opening session of September 6, after the company announced it had won an order worth Rs 2,000 crores from the Commission. Housing in the State of Kerala. NBCC has signed a Memorandum of Understanding with the Kerala State Housing …

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Nila Infrastructures locked at 20% upper circuit on order to construct residential units

Nila Infrastructure’s share price was stuck at 20% in early trading September 6 after the company received an order from Shree Infracon Private Limited to build residential properties. As of 09:23, Nila Infrastructure is trading at Rs 6.70, up Rs 1.11 on BSE and has a buy order of 325,009 pending shares with no sellers. …

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Tata Power shares hit 52-week high as renewable arm signs more power supply pacts

Tata Power’s share price jumped nearly 1% to hit a 52-week high of Rs 262.50 in its first trading session on September 5, when the company announced that its Renewable Energy affiliate signed Power Supply Agreement (PDA) with Neosym Industry. Tata Power Renewable Energy Limited (TPREL) will power Neosym Industry – a Gray & SG …

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