IndusInd/Suzlon/Paytm/Persistent Systems: MSCI is set to adjust its MSCI Standard Index, drawing attention from analysts who are closely monitoring potential inclusions such as IndusInd Bank, Suzlon Energy, Persistent Systems, and One97 Communications. Nuvama Alternative & Quantitative Research predicts significant inflows into these stocks, estimating $290 million for IndusInd Bank, $264 million for Suzlon Energy, $258 million for Persistent Systems, and $163 million for One97 Communications, the parent company of Paytm.
ASK Automotive: ASK Automotive IPO listing date has been scheduled today. According to Kris Arun Kejriwal, Founder, Kejriwal Research and Investment Services an advisory firm, it is expected that the ASK Automotive shares will list between ₹300 and ₹310 from the issue price of ₹282.
ASK Automotive IPO allotment was finalised on Friday, November 10, and refund process also started on the same date for individuals not given shares. Grasim: Aditya Birla group flagship Grasim Industries Ltd on Monday said consolidated net profit for the second quarter rose 15.31% from a year ago to ₹1,163.75 crore, aided by its cement and financial services businesses.
Consolidated revenue from operations rose 10% to ₹30,220.68 crore. Earnings before interest, taxes, depreciation, and amortization (Ebitda) on a consolidated basis slumped 19% to ₹4,509 crore with a margin of 15%, the company said in an exchange filing.
Adani Ports: Adani Ports and Special Economic Zone Ltd (APSEZ) has registered its highest ever half-yearly revenue of ₹12,894 crore and EBITDA of ₹7,429 crore in the second-quarter, according to a press release by Adani Ports and Logistics. The APSEZ announced its results for the second quarter and six months
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