Sat, Jun 15, 2024 8:00 PM
📢Are markets shut on Monday on account of Eid-ul-Adha (Bakri-Eid)?
A Flip by Shubhangi Gupta
Bajaj Auto's Chairman Niraj Bajaj expects robust demand in the current fiscal, driven by India's 7% real GDP growth. The company aims to sustain momentum in its domestic business, expand production capacity for new businesses, and recover export volumes. With a healthy balance sheet, surplus cash and cash equivalents stand at ₹16,386 crore, after investing ₹800 crore and paying ₹8,900 crore.
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The Indian stock market saw a slight gain of 0.15% in the past week, with the Nifty index oscillating in a narrow range of 268.90 points and closing at a weekly gain of 35.50 points. The India Vix rose 2.79% to 13.18, indicating low volatility. The upcoming week is an expiry week for monthly derivatives, and technical analysis suggests a potential corrective retracement, with resistance levels.
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Garden Reach Shipbuilders & Engineers Limited (GRSE) signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG to construct and deliver four multi-purpose vessels worth $54 million, with an option to build four more. The project is valued at $54 million and is expected to be completed within 33 months.
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