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Stocks that hit a fresh 52-week high on Tuesday included names like Canara Bank which closed with gains of over 5%, ICICI Bank which closed marginally in the red and State Bank of India ended with gains of more than 1%.

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Shares of Infosys (Rs 16.5 per share), Bhansali Engineering (Re 1 per share), L&T Technology (Rs 15 per share), ICICI Lombard (Rs 4.5 per share), KSolves India ( Rs 4.5 per share) and Steel City (Re 1 per share) will trade ex-dividend.

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FMCG major Dabur India on Wednesday announced that it will be acquiring a 51% stake in Badshah Masala Private Limited for Rs 587.52 crore. With this, Dabur has entered into branded spices and seasoning market in India, worth over Rs 25,000 crore. Badshah Masala is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings.

Life Insurance Corporation (LIC) has been trading below the issue price of ₹949 a share ever since it got listed on stock exchanges on May 17. It listed at ₹872 apiece on NSE. On Tuesday, the scrip settled at ₹595.50, down 0.72%over the previous close.

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This is one of the rare instances when a company is taking a mixed approach to product pricing unlike the usual unilateral movements of hikes or reductions. The move bares the stress in the fast-moving consumer goods (FMCG) industry where companies are striving to revive demand badly affected by overall inflation in the economy.

Aramco unveils $1.5 billion sustainability fund

Updated at : 2022-10-27 07:20:01

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Aramco CEO Amin Nasser said at an investment conference in Saudi Arabia that the fund will focus on "breakthrough technologies that are important and startups that will help us to address climate change".

Global equity investors parsed mixed messages Thursday as Chinese shares looked set for further recovery while weak tech earnings clouded the outlook for US stocks. Treasury yields fell.

The S&P 500 opened lower by 33.14 points, or 0.86%, at 3,825.97, while the Nasdaq Composite dropped 230.10 points, or 2.05%, to 10,969.02 at the opening bell.

Mukul Agarwal increases stake in this smallcap stock

Updated at : 2022-10-26 19:20:01

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The latest shareholding filings suggest that the investor holds 50 stocks with an estimated net worth of Rs 2,251 crore, Trendlyne data showed.

With a pick-up in business growth and a moderating slippage run-rate, medium-term credit costs are expected to be soft, noted the brokerage. Higher business growth combined with benign credit costs would lead to strong profitability in the medium term. Citing these the brokerage estimates a 1.1% RoA in FY23.

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