GOCL Corp hits upper circuit after Rs 3,402-cr land deal
Fri, Mar 29, 2024 12:46 PM

GOCL Corp hits upper circuit after Rs 3,402-cr land deal

A Flip by Avya Verma
Get it on Google Play
Shares of GOCL Corporation, a Hinduja Group firm, hit the 20% upper circuit at Rs 453.35, a day after it said it has signed an agreement with Hyderabad-based developer to monetise 264.5 acre land in Kukatpally, Hyderabad. The company will get Rs 3,402 crore from the deal. Late on Wednesday, GOCL said it has signed a memorandum of understanding with Squarespace Builders to monetise the land.

More great flips

When will EPF members receive interest for FY 2023-24 in their accounts?

When will EPF members receive interest for FY 2023-24 in their accounts?

While Employees Provident Fund (EPF) subscribers are anxious over not receiving the interest in their accounts for the last financial year, the standard response given by the retirement fund body does not allay their concerns either. Lately, a number of subscribers have been enquiring on ‘X’ platform about the timeline of crediting of interest for FY 2022-23.

Open Flip
Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market

Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market

Crypto markets are in the red amid renewed fears of U.S. stagflation, a worst-case scenario for risk assets. BTC, the leading cryptocurrency by market value, traded near $62,400 at press time, down 2.5% on a 24-hour basis, according to CoinDesk Indices data. ETH traded 3% lower at $3,200, and the CoinDesk 20 (CD20), a measure of the most liquid digital assets, was down 2.6% at 2,197 pts.

Open Flip
Gold Steadies as Brisk US Inflation Quells Rate-Cut Expectations

Gold Steadies as Brisk US Inflation Quells Rate-Cut Expectations

Gold steadied after a weekly drop as traders looked ahead to a US Federal Reserve meeting midweek at which policymakers are expected to reaffirm their stance for higher-for-longer interest rates. Bullion dropped as much as 0.8% after losing more than 2% last week. The US central bank’s preferred measure of inflation rose at a brisk pace in March, according to data Friday.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon