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BCL Industries, part of the Mittal Group that makes edible oils and manufactures ethanol, has approved a share split ratio of 1:10, subject to shareholder and other required approvals. This move is primarily aimed at increasing stock liquidity in the market. As per the company filing, shareholders holding the shares until the record date will receive the new shares in demat accounts, and the stock price will be adjusted accordingly. Additionally, the board has also proposed an equity dividend of INR 5 per share of face value of INR 10 for the previous financial year, to be approved at AGM.

It also said its core profit (EBITDA) increased in January-March to 672 billion roubles, up 25.1% from the previous three months, while revenue edged down 1.1% to 1.823 trillion roubles.

Nifty FMCG index hit a record high at Rs 51,029 on Tuesday on the back of index heavyweight ITC.

Indian stock market indices, S&P BSE Sensex and Nifty50, fell by over 500 and 150 points, respectively, amid profit booking across sectors with bank and financial services stocks being the worst hit. Lacklustre action in the global market, weak factory activity data from China, profit booking, technical factors, and MSCI rebalancing were among the factors driving the stock market lower.

Deloitte Haskins & Sells LLP raised concerns on Tuesday over the port unit’s transactions with three entities, which the company said were unrelated parties. But the auditor said it could not confirm that the parties were indeed unrelated, and that the firm has refused to get an independent external examination that would help prove so.

A total of 5,441 shares changed hands on the counter till 12:56PM (IST)

As of 31-Mar-2023, promoters held 23.5 per cent stake in the company, while FIIs held 49.78 per cent and domestic institutional investors had 6.04 per cent.

The stock quoted a 52-week high of Rs 4606.0 and a 52-week low of Rs 3292.65.

The Relative Strength Index of the stock stood at 65.56 on Wednesday.

Overall a total of 2.25 lakh fake notes were detected during the fiscal down from 2.30 lakh a year ago. Besides the sharp increase in the demonetised Rs 1000 notes, counterfeit notes of the newly introduced Rs 500 notes also rose sharply, increasing 14% to 91,110 pieces in 2022-23 from 79,669 pieces a year ago.