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SGX Nifty Up 40 Points | Adani Power's Godda Unit to Power Bangladesh | Eid Parry Declares Second Interim Dividend | Top Buzzing Stocks Today
Tue, 11 Apr Pre-Open

Adani Power's Godda Unit to Power Bangladesh | Eid Parry Declares Second Interim Dividend | Top Buzzing Stocks Today

On Monday, Indian share markets erased gains in the last hour of trading as profit booking in financial and FMCG stocks weighed on bourses.

Benchmark indices ended flat. Investors remained cautious ahead of the start of the earnings season. This week some heavyweights will be declaring their quarterly figures.

At the closing bell, the BSE Sensex stood higher by 14 points.

Meanwhile, the NSE Nifty closed up by 11 points (up 0.1%).

HDFC Bank and Reliance were among the top gainers.

HUL and Bajaj Finance on the other hand, were among the top losers.

Broader markets ended on a positive note on Monday with the BSE Midcap index ended 0.4% higher and the BSE Smallcap index ended 0.2% higher.

Sectoral indices ended on a mixed note with stocks in the realty sector, and power sector witnessing most of the buying.

On the other hand, stocks from the financial sector and FMCG sector witnessed selling pressure.

Shares of L&T and Zydus Lifesciences hit their 52-week highs.

The rupee was trading at 81.9 against the US$.

Gold prices for the latest contract on MCX were trading lower by 0.3% at Rs 60,339 per 10 grams at the time of Indian market closing hours on Monday.

At 7:45 AM today, the SGX Nifty was trading up by 40 points or 0.2% higher at 17,720 levels.

Indian share markets are headed for a positive start today following the trend on SGX Nifty.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, projecting a company's position and market share 10 years out or for that matter even 10 months ahead isn't an exact science.

However, with an unchallenged dominance in a particular segment, investors can look at certain companies which are unlikely to lose their leadership anytime soon and potentially find likely winners.

In the below video, Yazad Pavri covers the second company in our ongoing 5-part series covering the most dominant companies in their category that are likely to retain their top position over the next 10 years.

Tune in to the video to know more.

Top buzzing stocks today

L&T share price will be in focus today.

The engineering and construction company emerged as the lowest bidder for the redevelopment of the New Delhi railway station.

L&T submitted a bid of Rs 87 .4 billion (bn) for the New Delhi Station redevelopment project, which is over Rs 30 bn higher than the Centre's estimate, as per media reports.

It also secured an order under its AdVENT (Advanced Value Engineering and Technology) business vertical on Monday.

The order is for license plus engineering, procurement and construction (L - EPC) of a Technical Ammonium Nitrate (TAN) plant along with Weak Nitric Acid (WNA) plant at Gadepan.

Bajaj Auto will also be a top buzzing stock.

Bajaj Auto on Monday completed the transfer of Triumph's India sales and marketing operations to Bajaj Auto.

The transfer is linked to an announcement made in 2020, where a strategic partnership was announced between the two companies, to create a new range of mid-sized Triumph Motorcycles.

With this transfer of Triumph's distribution operations to Bajaj Auto, both companies will look forward to timings for the launch of jointly developed new mid-sized Triumph motorcycles.

Adani Power begins power supply to Bangladesh

Adani Power, the largest private thermal power producer in India, has commissioned its first 800 MW ultra-super-critical thermal power generation unit at Godda in the Jharkhand district and begun supplying 748 MW of power to neighbouring country Bangladesh.

The Godda power plant comprises two units of the latest technology available in the world, which is ultra-super critical technology with latest techniques for controlling emissions and consumption of coal and water.

The power company added that it is the first power plant in the country, which has started its operations with 100% flue gas desulphurization (FGD), selective catalytic reduction (SCR) and zero water discharge.

The FGD and SCR have been installed in the plant to minimise the emission and meet the latest environment norms of the ministry of environment, forest and climate change.

Adani Power has an installed thermal power capacity of 13,610 MW spread across seven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, and Madhya Pradesh, apart from a 40 MW solar power plant in Gujarat.

Edvenswa Enterprises bags a new order

Edvenswa Enterprises announced that its wholly owned subsidiary Edvenswa Tech in the United States has been awarded a new project in the strategic robotic process automation (RPA) domain with a big four consulting firm.

The IT company has launched a targeted initiative to capitalise on the growing demand in global businesses to transform how the workforce productivity is enhanced by enhancing it with digital workforce (robotic process agents) reinforced with AI and also physical Robots to boost on-ground productivity.

Software technology termed RPA makes it simple to create, use, and manage software robots that mimic how people interact with computers and software.

Software robots are capable of performing a broad range of user-defined tasks, including understanding what is on a screen, making the appropriate keystrokes, navigating systems, and identifying and extracting data.

A provider of technological solutions, Edvenswa Enterprises is an expert in helping companies innovate through rapid prototyping and then expand rapidly by creating large-scale software applications.

Eid Parry declares second interim dividend

Sugar company, Eid Parry on Monday declared an interim dividend of Rs 4 per equity share for the financial year 2023. It amounts to a 400% dividend on the face value of Rs 1.

The record date for the purpose of payment of interim dividend is set as 21 April. The record date determines the eligibility of the shareholders who will receive the dividend.

Murugappa group company declared interim dividend of Rs 5.5 per share in third quarter of the recently ended financial year

Eid Parry is engaged in the business of sugar and nutraceuticals. Headquartered in Chennai, the company is a part of the Murugappa group.

The company has nine sugar plants spread across South India with a total sugarcane crushing capacity of 43,400 TCD, co-generation capacity of 160 MW and distillery capacity of 234 KLPD.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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