Shares of Zomato Ltd. fell nearly 8.5%, the steepest intraday decline in over two weeks after analysts flagged a slowdown in the company’s monthly transacting users and gross order value.
Max Healthcare To Acquire Stake In Eqova Healthcare
Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.
- Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
- The acquisition of remaining equity stake will be completed in a phased manner.
- Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.
Hero Motocorp Shares Recover After Weak Opening
Shares of Hero MotoCorp fell nearly 3%, the steepest intraday decline in four sessions, after the company reported net income that met the average analyst estimate, for the quarter ended December, post market hours Thursday.
Realinace, HDFC, Infosys top Sensex losers
Tech Mahindra, Infosys, Wipro, Bajaj Finance, HCL Tech, Housing Development Finance Corporation (HDFC), Titan Company, Dr Reddy’s. Reliance Industries Ltd, Bharti Airtel were all top Sensex draggers.
MCX Gold New Target Price 48950-49300, Buy on Dips Strategy
MCX Gold New Target: Gold prices are steadily increasing on expectationof higher inflation. Todayall important data of US CPI will be published with expectation of inflation cominghigher at 7.2%-7.3% against 7.0%, a 40 year high.
LIC IPO receipts part of revised divestment estimates
Speaking with FE earlier this week, finance secretary TV Somanathan had said that a very conservative estimate of LIC IPO receipt is included in the revised divestment estimates as neither the valuation nor the size of the issue was known at the time of fixing the estimate. The revised divestment estimate stands at Rs 78,000 crore.
BOC Governor Macklem responds to questions on economy
Macklem is speaking live to the Canadian chamber of commerce. Macklem is speaking live to the Canadian chamber of commerce. Key comments Covid recovery phase is chance to make long overdue gains in Canadian productivity.