Enterprise Financial News

Stock market today: Shares of Mangalam Global Enterprise Ltd, a small-cap stock priced under ₹50 per share, are showing promising signs. Today, the stock opened with an upside gap at ₹20.58 per share and touched an intraday high of ₹21.90 within a few hours of the stock market's opening bell.

Rama Phosphates Ltd.(up 2.59%), Zuari Agro Chemicals Ltd.(up 1.26%), Madhya Bharat Agro Products Ltd.(up 0.71%), Aries Agro Ltd.(up 0.41%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.39%), Sikko Industries Ltd.(up 0.28%), Southern Petrochemicals Industries Corporation Ltd.(up 0.26%), Agro Phos India Ltd.(up 0.18%) and Chambal Fertilisers & Chemicals Ltd.(up 0.02%) were among the top gainers.

Sakthi Sugars Ltd.(up 6.99%), Magadh Sugar & Energy Ltd.(up 5.19%), KCP Sugar & Industries Corporation Ltd.(up 5.17%), Simbhaoli Sugars Ltd.(up 4.63%), Triveni Engineering & Industries Ltd.(up 3.24%), Rajshree Sugars & Chemicals Ltd.(up 3.12%), Bannari Amman Sugars Ltd.(up 3.10%), Bajaj Hindusthan Sugar Ltd.(up 2.99%), Shree Renuka Sugars Ltd.(up 2.88%) and Avadh Sugar & Energy Ltd.(up 2.74%) were among the top gainers.

Sobha Ltd.(up 2.97 per cent) and Phoenix Mills Ltd.(up 0.49 per cent) were among the top gainers.

F&O ban list: The National Stock Exchange (NSE) has banned trading ineight stocks on Tuesday, June25, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market.The NSE updates the list of securities in the F&O ban for trade every day.F&O ban list todayBalrampur Chini Mills,Chambal Fertilisers and Chemicals,GNFC,Granules India, Indus Towers, Piramal Enterprises, PNB, and SAIL are the8stocks on the NSE's F&O ban list for June25.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been placed in the stock exchange's ban period.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," the NSE statement said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period.On June 24, equity benchmarks Sensex and Nifty closed higher on Monday as buying in power, auto and industrial stocks helped the indices rebound from early lows amid a bearish trend in global equity markets.The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08.

India's Adani Group is «well positioned» to capitalize on opportunities in the country's booming infrastructure sector as spending is expected to surge, Chairman Gautam Adani told investors on Monday. The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending that is expected to grow at a compounded annual growth rate of 20%-25%, Adani said.

Adani Enterprises on Monday.“We were faced with baseless accusations made by a foreign short seller that questions our decades of hard work," Adani said.Adani, however, did not name the short seller.“Typical short sellers target gains from the financial market . This was different," he Adani said." It was a two-sided attack on vague criticism of our financial standing," he added.Information distortions dragged the company to a political battlefield according to Adani.

₹9.26 crore in 2024, lower than his key executives and other industry peers. An annual report of the Adani Group's 10 listed entities showed that the industrialist drew a salary from only two of his 10 companies in the ports-to-energy conglomerate.For the 2023-24 period, his compensation from Adani Enterprises Ltd (AEL), the group's flagship company, comprised a salary of ₹2.19 crore and perquisites, allowances, and other benefits amounting to ₹27 lakh.

Balrampur Chini Mills, Chambal Fertilisers, GNFC, Hindustan Aeronautics, Granules, Hindustan Copper, Indus Towers, and Piramal Enterprises. While Birlasoft managed to come out of the ban list on Monday, Chambal Fertlisers and Granules are new entrants.

Adani Ports, Cipla, Prestige Estates, MCX, and Lupin among others will be in focus due to various news developments. Thomas Cook India Thomas Cook (India) said the demand and spending in the travel industry will continue to grow at the current pace for the next four to five years and only a black swan event could derail the momentum.

Godrej and Smita V Crishna are setting up a family council following the business realignment in April, said people with knowledge of the matter. In addition to this, the Crishna branch will set up a family office comprising Smita Crishna and her daughters Freyan and Nyrika. Nyrika, who is executive director at Godrej & Boyce, will head this family office. Her sister is a non-executive director of Godrej & Boyce.

₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors, totaling ₹1,500 crore.Promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell off the shares in the Offer for Sale (OFS).The company manufactures, markets, and distributes alcoholic beverages both within India and globally. Its product range encompasses various IMFL brands such as vodka, rum, whiskey, and brandy.Allied Blenders and Distillers IPO date: The IPO of liquor company will open for bidding on June 15 and will close on June 27.Allied Blenders and Distillers IPO price band: The company has set the price band of its IPO at ₹267 to ₹281 per share.Allied Blenders and Distillers IPO size: The Allied Blenders IPO is a book-built issue aiming to raise ₹1,500 crores.

OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday. The companies did not disclose the deal size. OpenAI used its shares to buy the company in a stock deal that valued Rockset at a few hundred millions, marking it one of its largest acquisitions by the fast rising AI lab, according to sources familiar with the matter. The company was last valued at $86 billion in a tender offer by investors earlier this year.

block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals on the screen, which were worth Rs 6,566 crore led by Axis Bank with a lone block count totalling Rs 2,089 crore. The next in line were ICICI Lombard General Insurance (Rs 814 crore), ICICI Bank (Rs 809 crore), Mahindra & Mahindra (493 crore), Maruti Suzuki (Rs 426 crore), Bharti Airtel (Rs 320 crore) and Hindustan Aeronautics (HAL, Rs 300 crore).

Unicommerce Esolutions has tagged Japanese investor SoftBank, which holds a nearly 30% stake in the ecommerce enterprise software developer, as well as Snapdeal cofounders Kunal Bahl and Rohit Bansal as the Gurugram-based company's promoters in an addendum filed to its draft IPO prospectus. The original draft red herring prospectus filed with the Securities and Exchange Board of India had named only AceVector Ltd — the parent company of Snapdeal — as its promoter.

investment in agricultural infrastructure, easing loan terms, and implementing employee-centric production-linked incentive schemes were some of the key suggestions made by stakeholders from the agricultural sector and Micro, Small, and Medium Enterprises (MSMEs) as part of the pre-budget consultations with finance minister Nirmala Sitharaman on Friday. The Agriculture Industry sought a new agriculture policy with focus on investment on Agriculture infrastructure, rationalisation of subsidy, increased investment in allied agri based food processing Industry and a substantial hike in allocation for agriculture research and innovation. The stakeholders asked to boost farm exports and create district hubs to support agriculture exports, sought launch of national Goat and Sheep Mission and increased the budget allocation for the Agricultural and Processed Food Products Export Development Authority (APEDA) to ₹800 crore from ₹80 crore. «All the stakeholders unanimously sought rationalisation of fertilizer subsidy and using the direct benefit transfer route to plug any leakage,» said a person aware of the meeting proceedings. They also asked the government to revise the retail price of urea, which has remained unchanged since 2018, and to incentivise the use of bio-fertilisers and foliar fertilisers.

Simbhaoli Sugars Ltd.(up 1.98%), DCM Shriram Industries Ltd.(up 1.02%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), Dalmia Bharat Sugar and Industries Ltd.(up 0.46%), Balrampur Chini Mills Ltd.(up 0.38%) and Shree Renuka Sugars Ltd.(up 0.04%) stood among the top gainers.

Shares of Brigade Enterprises Ltd.(up 1.39 per cent), Sunteck Realty Ltd.(up 1.33 per cent), Macrotech Developers Ltd.(up 0.7 per cent) and Sobha Ltd.(up 0.57 per cent) ended the day as top gainers in the pack.

Prataap Snacks Ltd.(up 8.64%), ADF Foods Ltd.(up 7.46%), Honasa Consumer Ltd.(up 5.54%), Bajaj Consumer Care Ltd.(up 2.55%), Sheetal Cool Products Ltd.(up 2.49%), JHS Svendgaard Laboratories Ltd.(up 1.96%), Gillette India Ltd.(up 1.87%), Dangee Dums Ltd.(up 1.27%), Nakoda Group Of Industries Ltd.(up 1.22%) and Jyothy Labs Ltd.(up 1.16%) stood among the top gainers.

The NSE Nifty index ended the session 65.91 points down at 23501.1, while BSE Sensex fell 269.03 points to 77209.9.

The NSE Nifty index closed 65.91 points down at 23501.1, while BSE Sensex ended down 269.03 points at 77209.9.