JayKay Enterprise Ltd’s subsidiary, JK Defence & Aerospace Ltd, has acquired a 76.41% equity stake in Allen Reinforced Plastics Private Ltd for ₹90 crore. This acquisition marks an inorganic growth move in the Defence & Aerospace sector for JayKay Enterprise.
Read more about Stocks to Watch: Infosys, HDFC Bank, Tinplate, Brightcom, Vedanta, Thermax on Business Standard. Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.
According to market watchers, benign global liquidity, containment of COVID-19 cases, significant pickup in the pace of vaccination, sharp recovery in corporate earnings, and a market-friendly budget lifted the market mood in the recent past.
The BSE clarified its circular on new price surveillance measures today, which sparked a massive sell-off in midcap and smallcap equities today and Tuesday.