News for Tamilnadu Petroproducts Limited (TNPETRO.BO)

Q4 FY2024 Results Today: Bharti Airtel, Siemens, Colgate-Palmolive (India), BASF India, Apollo Tyres, and PVR Inox are among the 97 companies set to announce their financial results for the fourth quarter, which ended on March 31, 2024.

The biggest Nifty losers included Adani Ports, Adani Enterprises, UPL, Tata Steel and Coal India, while the gainers were ONGC, Tata Consumer Products, Britannia Industries and HDFC Bank.

TPL, part of AM International, plans to expand caustic soda production capacity from 150MTD to 250MTD. The HCD project team, with INEOS Technologies and Protech Consultants, will collaborate in this project. TPL will also invest ₹165 crore in modernising caustic soda and chlorine unit, expand LAB division and set up Propylene Recovery Unit.

Considering the strong momentum, the index is likely to march towards 20,000 milestone in coming days, provided its holds 19,700-19,800 area, while the crucial support remains at 19,600-19,500 levels, experts said

BSE Sensex added 79.22 points, or 0.12 per cent, to settle at 65,075.82, while NSE's Nifty gained 36.60 points, or 0.19 per cent, to close at 19,342.65.

The company agreed to invest upto Rs 13.88 crore, which constitute 2.73% of paid-up equity capital of DRPL.

BEL, Piramal Enterprises, Shriram Finance, HDFC, RVNL, Aptech, Airtel, NBCC (India), Lupin, QGO Finance, Dynacons, Madhav Infra, Pidilite, Tamilnadu Petroproducts, Vivanta Ind

44 - 25945500 to 09 Telefax : 044-2594 5588 Website : www.tnpetro.com CIN : L23200TN1984PLC010931 T PL GSTIN : 33AAACT1295M1Z6 TAMILNADU... | December 15, 2022

Many market watchers consider FII buying as a bullish signal for a stock selection, and, in the past, stocks where FII has increased their stake have really performed well and provided decent returns to the investors.

BSE bank index added four percent and BSE auto index rose 3.3 percent. Metal index shed eight percent, oil & gas index slipped 3.6 percent and realty index fell 3.2 percent

Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility

If Nifty sustains below 17,200, it may slip further towards 17,100-17,000 in the near term, while on the higher side, 17,400-17,500 levels are likely to act as an immediate resistance zone, says Rajesh Palviya of Axis Securities.

Buzzing stocks: Aurobindo, Sundaram Finance, GVK Power, Karur Vysya Bank, Sobha, YES Bank, Dish TV, IndusInd Bank, Grasim, GAIL India and Britannia