Thu, Feb 15, 2024 7:45 PM
Defence stocks trading at valuations comparable to consumer sector firms.
A Flip by Avya Verma
Today, shares of Sudarshan Pharma Industries Ltd plunged 2.07% to Rs 402.50 per share from its previous closing of Rs 411 per share with an intraday high of Rs 403 and an intraday low of Rs 393. The stock’s 52-week high is Rs 452.70 per share while its 52-week low is Rs 58.20 per share. The Board of Directors of the company approved equity share having a face value of R 10 each fully paid-up.
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Brookfield India Real Estate Trust on Thursday reported a 40 per cent increase in net operating income to Rs 485.8 crore for the September quarter and announced plans to raise up to Rs 3,500 crore through issue of units to institutional investors to reduce debt as well as to fund future growth. In a regulatory filing, Brookfield India Real Estate Trust said its adjusted net operating income.
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In response to weakening employment data and receding consumer prices, the Federal Reserve slashed its benchmark interest rate in September by a half a percentage point as the central bank shifted its focus from taming inflation toward supporting the job market. The Fed is hoping to execute a rare “soft landing,” whereby it brings down inflation without tipping the economy into a recession.
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