Rs 3 lakh crore Diwali bonus! Sensex jumps over 700 points. 6 factors behind the rally
November 15th, 2023 14:27
Led by strong participation from retail investors, the rally in smaller stocks showed no signs of slowing down as the Nifty Smallcap50 outperformed with a 1.5% jump. The post-Diwali rally made investors richer by about Rs 3.1 lakh crore as the total market capitalisation of all BSE-listed stocks jumped to Rs 325.2 lakh crore.
Siemens Ltd Demerger: Siemens AG to buy Siemens Energy's stake for €2.1 billion
November 15th, 2023 14:27
"This would increase Siemens’ stake in the publicly listed Siemens Ltd India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With the intended acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens," the company said in a statement.
Why Finolex Indusries is expecting a pickup in H2, maintaining 15% volume guidance
November 15th, 2023 14:27
"Both the sectors which we participate in, the agri segment and the construction segment, are showing fairly robust growth. In the agri segment, we did see a little bit of drop in volumes, especially because of the volatility which we saw in the last part of Q2, but that has stabilized. And the last few weeks, we have seen significant pickup in demand in agri. Construction segment has been showing robust growth."
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