Promoter Mitter Infotech LLP sold a 6.38 percent stake in Nazara Technologies for an average price of Rs 620.5 per share
Around 30 lakh shares of Lumax Auto, representing a 4.4 percent stake in the company changed hands in the large deal.
The company’s consolidated net profit declined to Rs 18.6 crore for the March FY23 quarter, from Rs 20.9 crore in the year-ago period.
Companies have been picking up significant stakes or even buying up local and global players, and there is a hunger for more
Over a period of five years, the production-linked incentive scheme for the automobile and auto components industry is estimated to lead to fresh investments of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and create over 750,000 jobs.
The current slowdown, which began to hit the workforce early this year, is perhaps the final piece in the jigsaw
Net Sales are expected to increase by 25 percent Y-o-Y (down 1.9 percent Q-o-Q) to Rs. 270 crore, according to HDFC Securities.
SP Tulsian of sptulsian.com, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about his reading on his picked stocks and the outlook ahead.