News for NACL Industries Limited (NACLIND.BO)

The Nifty Realty index was trading 0.11 per cent down at 999.95.

Axis Bank, SBI Life, Shriram Finance, Bharti Airtel and HDFC Life were among the top losers on NSE.

The Nifty IT index was trading 0.46 per cent down at 36968.1.

The Nifty IT index was trading 0.14 per cent up at 37476.05.

The Nifty Realty index was trading 0.27 per cent up at 986.65.

Fischer Chemic, Magellanic Cloud, Sangam Renewables, Mas Fin Services and NACL Industries, hit their fresh 52-week highs at 10:46AM.

The Nifty Auto index was trading 0.98 per cent up at 24134.3.

The Nifty IT index was trading 0.55 per cent up at 39093.4.

The Nifty Bank index was trading 0.21 per cent up at 57117.95.

Bajaj Finance, SBI Life, Kotak Bank, Bajaj Finserv and HDFC Life were among the top losers on NSE.

The Nifty Realty index was trading 0.06 per cent up at 970.65.

The Nifty Pharma index was trading 0.02 per cent down at 22037.75.

The Nifty Realty index was trading 0.68 per cent down at 977.55.

Gabriel India, TN Telecom, Sai Life Science, NACL Industries and Reliance Naval & Engg, hit their fresh 52-week highs at 10:04AM.

See important announcements by SJVN, Grasim Industries, Asian Paints, Paras Defence, Tata Steel, Lupin, Coromandel International, NACL Industries, Zaggle Prepaid, AstraZeneca, Jtekt India, Ceigall, Nazara Tech, JSW Energy, Megasoft

The Competition Commission of India (CCI) has approved Coromandel International's acquisition of a stake in NACL Industries. Coromandel International, a Murugappa Group firm, will acquire a 53% stake for Rs 820 crore. This acquisition will help Coromandel expand its scale, product portfolio, and entry into contract manufacturing, with a proposed open offer for an additional 26% stake.

Indian equity markets rebounded strongly, closing H1CY25 with significant gains. Several stocks delivered exceptional returns, with Elitecon International leading the pack. String Metaverse also saw impressive growth, fueled by AI trends. Other top performers included Kothari Industrial Corporation and NACL Industries. Traditional sectors like defense and automobiles also contributed to the market's positive performance.

Smallcap stocks are experiencing a resurgence, mirroring the gains seen in 2024, with the BSE Smallcap Index significantly outperforming the Nifty. While economic recovery and liquidity inflows fuel this rally, experts caution about stretched valuations and the need for selective stock picking based on strong fundamentals.

The Nifty Auto index was trading 1.37 per cent up at 22204.15.