Tue, Feb 6, 2024 3:20 PM
InGovern Research advises Sanghi shareholders to vote for resolutions
A Flip by Shubhangi Gupta
📌 Benchmark indices Sensex and Nifty declined sharply on January 8 due to investor caution ahead of the December quarter earnings season, persistent foreign fund outflows, and weak global market trends, with the📌 Sensex down 550.98 points or 0.70 percent at 77,648.13, and the📌 Nifty down 158.50 points or 0.67 percent at 23,549.40.
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📌Ola Electric Mobility's stock fell 1.34% to Rs 75.16 after📌 SEBI issued an administrative warning for disclosure regulation infractions, citing non-compliance with regulations 4 and 30. Ola Electric had announced a fourfold expansion of its company-owned stores by December 20, 2024, but Chairman Bhavish Aggarwal had made the announcement earlier than the official notification.
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Kotak Institutional Equities initiates coverage on Waaree Energies and Premier Energies with a "sell" recommendation, citing potential downsides of 8% and 41% respectively, despite India's solar sector being primed for 18% CAGR growth until 2030. Kotak favors integrated Indian manufacturers and US-based companies for superior profitability.
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