Stock market today: Global cues to influence investor sentiment
• Live Updates of Stock Market: Indian stock market may adopt a bearish trend on Monday. The US job market remains strong on a mixed Friday on Wall Street. Asian markets are trading flat in the morning session.
The US jobs report showed that wages for American workers are accelerating, which could push inflation even higher for the nation. On the other hand, a rapid shift towards the reopening of the Chinese economy could boost investor sentiment.
05 Dec 2022, 08:09:57 AM IST
SpiceJet expects improvement in restructuring profits in December quarter: Ajay Singh
Commercial aviator SpiceJet is expecting to see an improvement in operating and restructuring profits in the current quarter of FY 2022-23, reported news agency PTI. The budget carrier - looking to raise $200 million - saw its net loss widen to ₹789 crore in the June quarter. The firm attributed the loss to higher fuel prices and rupee depreciation.
In addition, some of its aircraft have developed technical problems in recent times, and some of its Boeing 737 aircraft have been deregistered for non-payment of dues to lessors. (read more)
05 Dec 2022, 08:04:04 AM IST
Rising lending rates have hit India Inc. affected the financial performance of
India Inc posted a mixed financial performance in the September quarter as it faced the brunt of rising input costs. This, coupled with increased working capital and capital expenditure needs in a rising lending rate scenario, severely affects the interest coverage ratio of companies. Analysts said the burden on midcap companies was higher as they are more vulnerable to rising interest rates. (read more)
05 Dec 2022, 08:02:10 AM IST
GMR Hyderabad International Airport plans to raise ₹1,250 crore through NCDs for prepayment of maturing USD bonds
GMR Hyderabad International Airport Limited (GHIAL), which runs the aerodrome here, plans to raise ₹1,250 crore through non-convertible debentures, to be used for prepayment of USD bonds maturing in April 2024 or February 2026 Will go, rating agency India Rating and Research has said. GHIAL (excluding subsidiaries) had a debt of ₹7,050 crore as of September 30, 2022, which included bonds of US$950 million. The USD bond has bullet maturities in April 2024, February 2026 and October 2027, the rating agency said. (PTI)
05 December 2022, 07:52:11 AM IST
SJVN wins contract for ₹1,200 crore 200 MW solar project from Maharashtra discom
State-owned SJVN Ltd on Saturday said its arm SJVN Green Energy has bagged a 200 MW solar project worth ₹1,200 crore from the Maharashtra State Electricity Distribution Company Ltd.
"The Company through its Wholly Owned Subsidiary Company SJVN Green Energy Limited, through E-RA (Reverse Auction) held on December 2, 2009 on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) MW solar power project, 2022," said a BSE filing.
The tentative cost of the project is approximately ₹1,200 crore and the project is expected to generate 455.52 million units (MU) in the first year and the cumulative energy generation over a period of 25 years would be approximately 10,480.82 MU. (PTI)
05 Dec 2022, 07:51:03 AM IST
FPI buying in small cap stocks draws attention of analysts
Technology services provider Onward Technologies saw Mauritius-based Infinity Direct Holdings buying 24.38% stake in the company during the September quarter, thereby increasing FPI holdings from near-zero levels in the previous quarter when a single FPI held just 173 shares. The stock price rose 31% to ₹333.6 from the end of September till 2 December. The promoters hold 45.52% stake.
The other company is Salasar Techno, a telecom tower maker, which saw FPI holding rise to 11.25% sequentially from 0.93% to 12.18% in the September quarter. The Street liked the stock, which jumped 31.6% to ₹41 per share from the second quarter of FY23 to December 2 following a rise in FPI holdings.
No comments:
Post a Comment