News for Kesoram Industries Limited (KESORAMIND.BO)

Stocks including Bharti Airtel, Dr Reddy's Labs, BEL, Ultratech, Adani Green, Tata Power, SpiceJet, Waaree Energies and Coforge will be in the spotlight on Thursday, February 26.

Buzzing stocks, stocks to watch: BSE, Paytm, Tata Power, Religare Enterprises, Saint Cobain, UltraTech, Kesoram, Star Health & Allied Insurance, Zydus Lifesciences, GR Infraprojects, Mastek, IndusInd Bank, NGL Fine-Chem, Emcee Pharma, Godrej Properties, Adani Green Energy, IndiGo, Varun Beverages, Star Cement, Welspun One, KPI Green Energy

UltraTech Cement announced a 1:52 share swap ratio for acquiring Kesoram Industries, effective March 1, 2025. The board also approved expansion into the wires and cables segment. UltraTech and Kesoram shares closed lower following the announcement.

As earnings season kicked off last week, top Indian companies such as Reliance Industries Ltd., Infosys Ltd. and Axis Bank Ltd. will report their third quarter financial results on Thursday. As per the BSE calendar, a total of 36 companies are expected to announce their third quarter results on Jan. 16.

Stocks including Reliance Industries, GAIL Infosys, HDFC Life, L&T Technology, Swiggy, RVNL, Happiest Minds, CEAT, Azad Engineering, IRFC and more will be in the spotlight on Wednesday, January 15.

Shares of UltraTech Cement are expected to stay in focus after the companys board approved raising up to Rs 1,000 crore through the allotment of unsecured, redeemable non-convertible debentures (NCDs) on November 26, 2024.

Stocks including NTPC Green Energy, UltraTech Cement, M&M, Wipro, Siemens, Ola Electric, Kotak Mahindra Bank, Swiggy Dabur and more will be in the spotlight on Wednesday, November 27.

These nine stocks may not currently have a good upside potential. However, these have good business prospects. A significant proportion of buy and hold ratings indicates analysts confidence in such stocks. Any decline in their prices provides investment opportunities due to their good business prospects.

The merger will lead to a share transfer as part of the process

Sales of Royal Enfield motorcycles fell 5 per cent to 73,629 units in August 2024, compared to 77,583 units in the year ago period. Meanwhile, their exports dropped 2 per cent to 8,006 units YoY: Stocks to watch

The CCI has approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. Investors will also be focusing on RIL's AGM 2024: Stocks to Watch

The court also held that royalty paid by mining operators to the central government is not a tax

India Cements stock hit a new high of Rs 343.85, surging 6% in an otherwise volatile market. The stock has zoomed 50% since June 25.

Stocks including TCS, YES Bank, Power Grid, SBI, Siemens, LIC, Zydus Life, Aarti Industries and IRB Infra and more may remain under spotlight before the opening bell on Tuesday, July 09.

The UltraTech-India Cements deal comes two weeks after Adani Group unit Ambuja Cement announced acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, adding to its capacity and market share in southern India.

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

Market regulator, the Sebi on Thursday announced a framework for special call auctions with no price bands for price discovery of investment holding companies.

Manjushree Khaitan, the chairperson of Kesoram Industries Limited and a prominent figure in the B K Birla Group, passed away at the age of 65 in her Kolkata home after a brief illness. She had been a member of the Kesoram Board since October 1998 and assumed the role of chairperson in July 2019 following the death of her father, Basant Kumar Birla. Beyond her corporate leadership, Khaitan was deeply involved in education, particularly through her association with the Ashok Hall Group of schools, where she focused on empowering underprivileged girl children.

Multi Commodity Exchange of India, Mahindra Logistics and Dolat Agrotech posted a 1,512%, 1,467% and 1,048% rise in net profit in Q4FY24.