County Coal Financial News

The NSE Nifty index ended the session 23.55 points down at 22642.75, while BSE Sensex fell 58.8 points to 74683.7.

Parag Parikh Flexi Cap Fund, the largest scheme in the flexi cap category based on assets managed, bought 8.8 lakh shares of ITC last month amid selling pressure on the Nifty stock amid a stake sale by British American Tobacco Plc (BAT). The share price of ITC fell to Rs 399.35 on March 12, 2024. BAT on March 13 sold a 3.5% stake in ITC through open market deals at Rs 400.25 a share, amounting to a total of Rs 17,485 crore. BAT, which makes Dunhill and Lucky Strike cigarettes, sold 43,68,51,457 shares of the cigarette-to-hotels conglomerate to institutional investors through an accelerated book-building process.

Lexus Granito(India)Ltd.(up 3.70%), NMDC Ltd.(up 2.85%), Oriental Trimex Ltd.(up 2.54%), KIOCL Ltd.(up 2.19%), Sandur Manganese & Iron Ores Ltd.(up 0.80%), MOIL Ltd.(up 0.15%) and Coal India Ltd.(up 0.11%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 4.18%), Oriental Trimex Ltd.(up 2.04%), KIOCL Ltd.(up 2.03%), Sandur Manganese & Iron Ores Ltd.(up 1.26%), NMDC Ltd.(up 0.58%), 20 Microns Ltd.(up 0.36%) and Coal India Ltd.(up 0.11%) were among the top gainers.

Lexus Granito(India)Ltd.(up 10.55%), Madhav Marbles & Granites Ltd.(up 3.35%), Sandur Manganese & Iron Ores Ltd.(up 3.26%), Oriental Trimex Ltd.(up 2.08%), MOIL Ltd.(up 1.29%), Pokarna Ltd.(up 0.73%), NMDC Ltd.(up 0.51%) and Aro Granite Industries Ltd.(up 0.40%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 11.20%), Sandur Manganese & Iron Ores Ltd.(up 2.56%), KIOCL Ltd.(up 1.51%), Pokarna Ltd.(up 1.03%), Oriental Trimex Ltd.(up 0.52%), Aro Granite Industries Ltd.(up 0.50%), NMDC Ltd.(up 0.33%) and Madhav Marbles & Granites Ltd.(up 0.23%) were among the top gainers.

Agro Phos India Ltd.(up 12.32%), Gujarat State Fertilizer & Chemicals Ltd.(up 6.43%), Nagarjuna Fertilizers and Chemicals Ltd.(up 4.60%), Madras Fertilizers Ltd.(up 4.19%), National Fertilizers Ltd.(up 3.72%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.98%), Southern Petrochemicals Industries Corporation Ltd.(up 2.80%), The Fertilisers and Chemicals Travancore Ltd.(up 2.62%), Zuari Agro Chemicals Ltd.(up 2.46%) and Sikko Industries Ltd.(up 2.39%) were among the top gainers.

NEW DELHI : India's coal production touched a new high of 997.4 million tonnes in fiscal year 2024 (FY24), marking an 11.67% increase from the previous year, but falling short of the 1-billion-tonne target, the coal ministry said in a statement on Monday. In FY23, output stood at 893.19 million tonnes. However, the cumulative production of coal and lignite surpassed the milestone with a record 1.04 billion tonnes, the ministry said.

Tata Motors, Bajaj Auto, Adani Ports, Coal India, and Hero Motocorp witnessed extraordinary growth, with each of them vaulting over 100 per cent. Surprisingly, out of all Nifty 50 stocks, only two - Hindustan Unilever and HDFC Bank - concluded the fiscal year in the red, experiencing a decline of over 10 per cent each. Also Read: FY24 Review | Bajaj Auto, NTPC, among top 10 Nifty 50 performers, deliver hefty 80-140% returns in last 12 months The midcap and smallcap indices outshone the benchmarks by a significant margin.

₹4 trillion in the current fiscal, as government departments have been actively procuring goods and services through the portal, additional secretary in the commerce ministry Anant Swarup told Mint. The GMV is up by ₹2 trillionfrom the last fiscal year. The state-run procurement portal offers a range of 12,070 products and more than 320 services to over 1.5 lakh government clientele.

Shriram Finance, HDFC Bank, Jio Financial Services, NTPC, Adani Power, and some others, according to Nuvama Alternative & Quantitative Research. Shriram Finance has been added to the Nifty 50 index and will receive the maximum inflows of up to $188 million. The counter will replace UPL which is expected to see an outflow of $95 million.

Benchmark NSE Nifty index rose 148.6 points to 22153.3 amid buying in frontline bluechip stocks.

RIL), while Citigroup recommended a neutral rating on Coal India and upgraded MGL to neutral. UBS maintained a buy rating on ABB India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Rights issues 2024: Shares of Markobenz Ventures Ltd and Spectrum Foods Ltd will be in focus when the stock market opens on March 27 (Wednesday). The Board of Directors of the 2 companies have declared rights issue of equity shares for their eligible shareholders. The 2 companies have fixed March 27, 2024 as the record date for the purpose of determining the eligibility of equity shareholders to receive the rights entitlement in the rights issue.

Indian stock market today: Only 1 stock has been banned for trade on Wednesday, March 27, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The stock has been put on ban under the F&O segment as it crossed 95% of the market-wide position limit (MWPL), according to the NSE. ALSO READ: Stocks to buy: Coal India, Bajaj Finance, JSW Energy, Policybazaar among 12 stocks However, the stock will be available for trading in the cash market.

Honasa Consumer Ltd.(up 2.78%), Emami Ltd.(up 2.60%), Britannia Industries Ltd.(up 1.99%), Euro India Fresh Foods Ltd.(up 1.65%), Parag Milk Foods Ltd.(up 1.46%), Colgate-Palmolive(India)Ltd.(up 1.39%), Jyothy Labs Ltd.(up 0.83%), Nestle India Ltd.(up 0.50%), Heritage Foods Ltd.(up 0.42%) and Mrs. Bectors Food Specialities Ltd.(up 0.17%) stood among the top gainers.

NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion's share will be contributed by NTPC ($71 million) followed by NHPC and NLC India.

₹440.85 apiece on the BSE, gaining as much as 2.20%. Emkay Global initiated coverage on Coal India shares with a ‘Buy’ rating and target price of ₹550 per share, implying an upside potential of more than 27% from Friday’s closing price.

Correction in midcap, smallcap stocks an entry opportunity; TVS, Zomato best picks among ‘fallen angels’: Emkay Global Axis Securities expects Nifty to trade in the range of 22,500-21,600 with mixed bias this week. Experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

JHS Svendgaard Laboratories Ltd.(up 2.21%), LT Foods Ltd.(up 2.19%), Dangee Dums Ltd.(up 2.13%), Sheetal Cool Products Ltd.(up 1.98%), Nakoda Group Of Industries Ltd.(up 1.97%), Umang Dairies Ltd.(up 1.21%), Dodla Dairy Ltd.(up 1.08%), Emami Ltd.(up 1.00%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.91%) and Bajaj Consumer Care Ltd.(up 0.80%) were among the top gainers.

government's dividend mopup from non-financial central public sector enterprises (CPSEs) and entities in which it holds minority stakes has touched a record ₹61,149 crore, 22% higher than the revised estimate for 2023-24, with almost a fortnight to go this fiscal, according to the latest finance ministry data. Dividend receipts in the first half of March alone totalled nearly ₹10,000 crore. The revised estimate in the interim budget last month estimated the dividend collection for 2023-24 at ₹50,000 crore, higher than initial target of ₹43,000 crore. «The dividend collection has surpassed all expectations this fiscal. CPSEs across sectors have been performing well, and the strong dividend flow is the clearest sign of that,» said an official, who did not wish to be identified. «Also, global crude oil prices didn't quite surge as was feared after the Israel-Hamas war in October last year. So, the profitability of oil companies didn't quite take a beating, which augurs well for dividend flow. Power sector companies, too, have been doing well.»