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Time period given by analyst is 4 weeks when Gujarat Narmada Valley Fertilizers & Chemicals Ltd. price can reach defined target.

“In coming days, we will likely test the 76/$1 mark as oil prices will only go up further as tensions escalate. But we don’t see a huge degree of speculation against the rupee. It will undoubtedly depreciate but it may fare better than other EM currencies because of the huge RBI FX reserves and flows for LIC IPO,” a dealer said.

The TPG-IndusInd combination is competing with three other such groups that have got formed ahead of the mid-March binding bid deadline. It is after a long time that each of the shortlisted contenders - home-grown banks and global asset management firms - in the fray has tied up with a private equity firm.

Crude oil jumped while the rouble plunged nearly 30% to a fresh record low on Monday after Western nations imposed new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.

Alembic Ltd., incorporated in the year 1907, is a Small Cap company (having a market cap of Rs 1987.49 Crore) operating in Diversified sector.

The government is likely to address concerns of the insurance industry and align surety bond issuers’ rights in line with other creditors under the insolvency code. Non-life insurers had earlier said that one of the challenges in issuing surety bonds was that the bankruptcy code does not recognise rights of insurance companies on a par with other financial creditors.

Huhtamaki India, along with AJR Infra and Tolling and Indian Sucrose, will announce its results for the quarter ended on December 31, 2021.

The company is likely to dilute 10-12% stake through the proposed IPO, which will consist of a fresh issue of shares and an offer for sale (OFS), the people cited earlier said. The proposed share sale is likely to be launched in the second quarter of the new financial year.

We may see select banks, autos, metals, and infrastructure stocks see an extension of the pullback; along with this, some defensive play in the consumption and IT groups can also be expected.

Reliance Industries Ltd will rebrand the Future stores after the company failed to make payments for them to Reliance, sources said on Saturday, closing most outlets of the popular Big Bazaar chain.