State Gujarat Financial News

corporate actions scheduled for this week. Birla Corporation, GMM Pfaudler, APL Apollo Tubes, Tanla Platforms, Gujarat State Petronet, and Metro Brands will trade ex-dividend, while Remedium Lifecare will ex-split this week.Bannari Amman Sugars (Rs 12.5/share), Precision Wires India (Rs 0.36/share), Wardwizard Innovations & Mobility, and Aaron Industries will trade ex-dividend on Monday, 28th August.

1. Britannia Industries Britannia Industries demonstrated impressive performance by surpassing its 200-day SMA and closing at Rs 4535.05 on August 18. 2. Eicher Motors Eicher Motors, a prominent name in the automotive sector, showcased strong momentum by crossing its 200-day SMA and closing at Rs 3349.6 on August 18. 3. Tata Chemicals Tata Chemicals achieved a significant milestone by surpassing its 200-day SMA and closing at Rs 998.5 on August 18.4. Gujarat State Petronet Gujarat State Petronet demonstrated strong performance by exceeding its 200-day SMA and closing at Rs 275.1 on August 18.5. Tube Investments of IndiaTube Investments of India achieved a milestone by surpassing its 200-day SMA and closing at Rs 2785.8 on August 18.6. Network 18 Media & Investments Network 18 Media & Investments exceeded its 200-day SMA, closing at Rs 63.5 on August 18.7. Ambuja CementsAmbuja Cements demonstrated strong performance by crossing its 200-day SMA and closing at Rs 453.05 on August 18.

₹38.43/scm to ₹40.83/scm, news platform CNBC-TV18 reported on Sunday. The new prices will come into effect from 21 August (Monday), the report added. The rise in the prices of industrial gas by Gujarat Gas comes after 5 consecutive price cuts in 2023.

Time Technoplast, Vishnu Chemicals and Orissa Minerals Development Company — according to a Nuvama report. In the mid cap space, Bank of Maharashtra made the cut. Among the top additions for mutual funds in the small cap space were Eric Lifesciences, PVR Inox, CreditAccess Grameen, Amara Raja Batteries and Aegis Logistics.

₹2,111.82 crore for the first quarter ended June 30 of fiscal year 2024. The company had reported ₹3,048.67 crore revenue in the same quarter a year ago. Its net income stood at ₹112.46 crore in the June quarter of the fiscal year 2024, as compared to ₹345.81 crore in the correspomding period a year ago, Gujarat State Fertilizers & Chemicals said in an exchange filing on Tuesday.

₹88 crore for the first quarter ending June 30, 2023. The fertiliser manufacturer posted a net profit of ₹572 crore in the corresponding quarter last year, the company said in a regulatory filing. The total revenue from operation stood at ₹1,652 crore during the period under review, against ₹2,696 crore in the corresponding period of the preceding fiscal.

Rahul Gandhi in the Modi surname defamation case. The Supreme Court has said that there was no reason given by the trial court judge in Gujarat for imposing maximum sentence, order of conviction needs to be stayed pending final adjudication. While the order was celebrated by through the Congress leadership and members, also the Opposition INDIA bloc, this does not mean the acquittal of the Congress leader Rahul Gandhi from the Modi Surname defamation charges.

MPS: The company's PAT (Profit After Tax) saw remarkable growth of 46.80% to INR 3,030 lakh from INR 2,064 lakh in Q1 FY23. Overall, Metrics delivered strong financial performance during this quarter. The shares of MPS were locked in the upper circuit after a spurt in trading volume was seen by 14.34 times.

Relative Strength Index (RSI) stands out as a valuable tool to assess a stock's momentum and potential trend reversal points. On August 1, StockEdge reported 38 stocks with RSI trending up, and from this list, ETMarkets has shortlisted 10 stocks. In this article, we will delve into the significance of RSI, analyze the trending up stocks, and explore why investors should closely evaluate RSI movement in their decision-making process.

Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani's firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said, declining to be named because the decision is not public. They did not share the exact stake percentage.

Foxconn Industrial Internet (FII)'s CEO Brand Cheng and other company representatives met last week with Tamil Nadu Chief Minister MK Stalin and other government officials to discuss the investment in the southern state. FII has shared a plan with state officials to initially invest $180 million to $200 million in the facility, Reuters said citing sources. The Taiwan-based company aims to complete the plant by 2024, with further investments expected afterward.

monsoon rains across the state, a red alert has been issued in Pune, Raigad, Thane and Palghar districts today.  As per IMD bulletin yesterday, isolated heavy to very heavy rainfall very likely to continue over Mumbai during next two days. Isolated extremely heavy rainfall likely over Konkan & Goa, ghat areas of Madhya Maharashtra, Gujarat state on 20th and 21st July. As per a civic official, the island city received an average 100 mm rainfall in the last 24 hours ending on 8 am on Thursday.

BENGALURU (Reuters) -India's Vedanta (NYSE:VEDL) will enter the market for the manufacturing of chips and displays this year, group chairman Anil Agarwal said on Wednesday, days after its joint-venture partner Foxconn pulled out of the $19.5 billion chipmaking project.

NEW DELHI (Reuters) — Taiwan's Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta (NYSE:VEDL), in a blow to Indian Prime Minister Narendra Modi's chipmaking plans.

Vedanta, it said on Monday in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Foxconn, the world's largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Modi's home state of Gujarat. Feb. 14, 2022: Foxconn partners with Vedanta to make semiconductors in India in a bid to diversify its business.

Jyoti Sonar. "A 27-year-old woman, namely Jyoti Sonar, drowned in the sea in Mumbai's Bandra," said a Brihanmumbai Municipal Corporation official (BMC).

Rain lashed several parts of Mumbai on Thursday as an orange alert was issued in the city. The India Meteorological Department (IMD) has issued an yellow alert for the financial capital today.

At least 30 people were killed and dozens critically injured when a suspension bridge in India's western Gujarat state collapsed on Sunday, two government officials said.