Today, several major stocks are in focus, including UPL, SBI Life Insurance, ONGC, NTPC, and Shree Cement. UPL announced a significant investment of $53.85 million by its subsidiary, UPL Holdings Brazil, increasing its stake in Sinova Inovações Agrícolas S.A. to 49.97%. SBI Life Insurance appointed Dorababu Daparti as its new Deputy CEO to strengthen its leadership. Meanwhile, ONGC will invest Rs 1,200 crore in ONGC Green (OGL) through a rights issue to acquire a 100% stake in PTC Energy, marking a move towards green energy. NTPC and its subsidiary NTPC Green Energy signed MoUs with the Madhya Pradesh government for over Rs 2 lakh crore in renewable energy projects. Finally, Shree Cement faces a GST demand order of Rs 41.1 crore related to valuation and excess ITC claimed, which could affect its financials.
In the current price scenario it would be important to maintain cost effectiveness and simultaneously increase the production.
The Indian rupee on Wednesday (June 12) rose by 1.03 percent or 60 paisa to close the day's trading at 57.79 against the US dollar. This was the first appreciation after consecutive declines since June 04. It hit intraday low at 58.38 and a high of 57.72.
February has always been a month of great excitement in India, especially with investors who eagerly await the annual budget.
February has always been a month of great excitement in India, especially with investors who eagerly await the annual budget. As the year comes to a close, it is always good to know how well did you did in the year and what you plan to do going forward.