Stock Market News – 15th May, 2024

Mahindra and Mahindra: The company arm Mahindra Holdings sold the entire 30.8% stake in the New Delhi Centre for Sight for Rs 425 crore.

Aurionpro Solutions: The Board recommended a bonus issue in the ratio of 1:1.

The New India Assurance: The company appointed Vimal Kumar Jain as CFO and Pooran Kumar Tulsiani as CIO.

Bigbloc Construction: The company announced a temporary shutdown of the Umargam plant for
45-60 days.

Macrotech Developers: to invest ₹3,500-4,000 crore this fiscal to acquire land parcels

Cipla: Promoter Group looking to sell upto 2.53% stake in Cipla via block deal, offer size at ₹2,637 cr. The price range is ₹1,289.5-1,357.35/sh: Sources to

ShreeCement: announced a final dividend of ₹55 per share for financial year 2024 alongside its earnings for the January-March quarter,

Siemens: board approves demerger of energy biz into a separately listed co. Shareholders to get 1 share in Siemens Energy for each held

BhartiAirtel: number of subscribers at 352.25 million vs CNBC-TV18 poll of 348.6 million & vs 345.57 million (QoQ)

Markets at Close

14th May 2024

Sensex up 330 pts, Nifty holds 22,200; M&M, L&T, JSW Steel, NTPC top gainers

Among sectoral indices, Nifty Metal was the top gainer, up 2.77 percent, followed by Nifty auto and oil & gas , which were up 1.8 percent each. Nifty PSU Bank, Consumer durables, and realty were up 1 percent each. Among losers, Nifty FMCG and Pharma were down 0.5 percent each.

Source : moneycontrol

Rupee at Close

14th May 2024

Rupee ends at 83.51/$ against Monday’s close of 83.53/$

Source: moneycontrol

FII’s & DII’s Activity on 14th May 2024

Net value in crores

BUYSELL
DII3,527.86
FII4,065.52
DIIs – Domestic institutional investors
FIIs – Foreign institutional investors

*Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

NOTE: *** The above information is based on the source and just for educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***

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