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Top Gainers & losers on May 22: JSW Cement, Honasa Consumer, Tata Comm, Sammaan Capital, Trent among top gainers
On May 22, markets showed mixed results with the Nifty 50 gaining 0.40% and Sensex rising 0.36%. While Nifty Private Bank and Nifty Metal saw gains, Nifty Media and Nifty Pharma lagged. The Indian rupee strengthened to 95.9 per dollar amid RBI interventions.
Aditya Birla Capital plans to use Rs 3,500 crore to drive business growth
Aditya Birla Capital plans to invest Rs 3,500 crore from its recent fundraise into business expansion. Another Rs 500 crore will support general corporate needs and subsidiary investments. The company is raising Rs 4,000 crore through a preferential issue. Grasim Industries will contribute Rs 2,880 crore. IFC will invest Rs 920 crore.
Engineering, cement, autos remain top cyclical bets; IT turns attractive: ASK’s George Joseph
Managing nearly $1.21 billion in assets as of April 30, ASK Investment Managers is turning positive on large-cap IT despite worries around AI disruption, says CIO & CEO-Equity George Joseph. He believes fears over AI replacing Indian IT firms are exaggerated, as these companies will continue to play a critical role in system integration and enterprise tech rollouts. ASK has remained constructive on sectors such as engineering, capital goods, cement, autos, banking & financial services, and commodities, seeing them as beneficiaries of the ongoing cyclical uptrend. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Buy, Sell Or Hold: Hitachi Energy, JK Tyre, Aditya Birla Capital, PNB, Maruti Suzuki, GAIL — Ask Profit
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Q4 Results LIVE Updates: Sanghvi Movers shares surge over 12%; Jubilant Foodworks down 7%
Q4 Results LIVE Updates: ITC, Aurobindo Pharma, LIC, LG Electronics, Ashoka Buildcon, Bikaji Foods, Datamatics, Engineers India, GMM Pfaudler, Happy Forgings, Honasa Consumer, Ixigo, Nykaa, Page Industries, Ramco Cements, Max Healthcare, Prestige Estates, MTNL, Sun TV, Quick Heal, RCF, WeWork, VA Tech Wabag, are among the companies reporting their earnings today. The street will also react to numbers reported by Whirlpool, Apollo Hospitals, Sammaan Capital, JK Lakshmi Cement, Lenskart, Ola Electric and others. Watch this space for all the LIVE earnings updates.
Birla Capital to raise Rs 4,000 cr via preferential issue
The fundraise includes ₹3,080 crore from promoter group entities and ₹920 crore from the International Finance Corporation. The shares will be issued at ₹356.02 apiece, subject to shareholder and regulatory approvals.
Stocks to Watch for May 21: Aditya Birla Capital, Dr Reddy's Lab, Jubilant Food, Bosch India and more
From Dr Reddy's Laboratories announcing the launch of its oral semaglutide biosimilar in India under the brand name Obeda to Whirlpool of India Ltd reporting a 32.7% year-on-year decline in net profit Q4, here are some stocks to track ahead of Thursday trading session.
Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 cr
Aditya Birla Capital is raising Rs 4,000 crore for future growth. The Aditya Birla Group will invest Rs 3,080 crore and IFC will invest Rs 980 crore. This capital infusion will fund growth objectives, including lending and investments. The company aims to expand access to financing for entrepreneurs and businesses. This move supports India's economic transformation and financial inclusion.
Aditya Birla Capital Approves Rs 4,000-Cr Share Issuance; Promoter Grasim Leads Infusion
Aditya Birla Capital plans to raise Rs 2,880 crore from promoter Grasim Industries.
Aditya Birla Capital raises ₹4,000 crore to fund growth, confirms CNBC-TV18 Newsbreak
The company said the proceeds from the issue will be used for growth objectives, augmentation of the capital base, funding requirements for the lending business and general corporate purposes, including investments in subsidiaries, joint ventures and associates.
Cement cos diverge on expansion plans amid West Asia uncertainty
Indian cement companies are taking different paths on spending. Some, like Ultratech Cement, Dalmia Bharat, and Nuvoco Vistas, are increasing investments for expansion. Others, including Ambuja Cement and Shree Cement, are slowing down their capital expenditure. This divergence reflects varied growth strategies in the Indian market. The focus remains on India's long-term development drivers.
Cement cos diverge on expansion plans amid West Asia uncertainty
Indian cement companies are taking different paths on spending. Some, like Ultratech Cement, Dalmia Bharat, and Nuvoco Vistas, are increasing investments for expansion. Others, including Ambuja Cement and Shree Cement, are slowing down their capital expenditure. This divergence reflects varied growth strategies in the Indian market. The focus remains on India's long-term development drivers.