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The stock has gained momentum as the company is seen putting behind corporate governance issues that had impacted the company in the last 18 months and is well positioned to fund a plethora of green projects across the country

The company that controls over 50 per cent share in the domestic wine market, said its focus on premiumisation has paid off with its elite and premium wines clocking over 35% growth this quarter

The sector was among the worst performing in terms of returns (in low single digits) posted for the investors from FY15-19. Due to the structural changes, manufacturing stocks performance has been better than its peers

The bank will enter into a share subscription agreement to acquire 14,25,79,161 shares of Max Life on a preferential basis at a fair market value of Rs 113.06 a share.

The focus now is on an inflation report this week after mostly dovish comments from Fed officials

“The loss of BSNL (before exceptional items of Rs1499 crore) for the Financial Year 2022-23 stands at Rs 6,662 crore, which is 4.5% improvement over FY 2021-22. Further, BSNL has been EBITDA positive since Financial Year 2020-21,” Chauhan said

Domestic business revenue grew 17% YoY to Rs 489 crores in Q1FY24, despite sales for the acute business being impacted due to the delayed monsoons.The company said all its four acquisitions - the probiotic portfolio, Paedia brands, Azmarda and Razel have performed well

The cost of purchased power during the quarter stood at Rs 5,392 crore, compared to Rs 5,123.2 crore a year ago. Fuel cost declined to Rs 3,473.4 crore in the quarter from Rs 4,216 crore a year ago

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Stocks that were in focus include names like NLC India which rose more than 6%, Ircon International gained nearly 7% and Dr Reddy’s Laboratories closed with gains of over 3% to hit a fresh 52-week high on Wednesday.