Reliance New Energy Solar Ltd., a wholly-owned subsidiary of Reliance Industries Ltd., has acquired REC Solar Holdings AS for an enterprise value of $771 million.
Stock Market
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Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
JSW Energy Advances After Signing Contract With GE Renewable For Supply Of 810 MW Wind Turbines; RSI > 70
Shares of JSW Energy Ltd. Rose 2.6% to Rs 389 apiece after the company signed a contract with GE Renewable Energy for the supply of 810 Mega Watt of onshore wind turbines.
Kalyan Jewellers Shares Rise After Q2 Business Update
Shares of Kalyan Jewellers India Ltd. rose after the company witnessed revenue growth (YoY) of 60% for our India operations during the September quarter. In its q2 business update filed with the exchanges, the company said that there was robust momentum in both footfalls and revenue across all markets in India and Middle East, despite lockdown-related disruptions.
Tata Motors Jumps After Morgan Stanley Upgrades Citing Outlook
Tata Motors Reports: The next two years could be “strong” for Indian autos and particularly Tata’s business, because of its lean cost structure, refreshed model portfolio and leverage, Morgan Stanley says, upgrading Tata Motors’ stock.
Marico Shares Rise After September Quarter Business Update
Shares of Marico Ltd. rose 3.81% in intraday trade, the most in over a month, to Rs 579.2 apiece after the company said that the consumer sentiment remained healthy in India business.
Stocks For Today – 06-10-2021
- Godrej Consumer Products: The company expects to deliver high single-digit sales growth with another quarter of double-digit 2-year CAGR during July-September quarter. It expects operating margins to contract during the quarter driven by a lag between the rise in input costs and increase in end consumer pricing. India sales growth expected to be in double-digit during the second quarter, driven largely by volume growth and calibrated price increases.