Thu, Aug 8, 2024 1:44 PM
MRF Q1 Results: Stock surges 5% after margins beat estimates
A Flip by Shubhangi Gupta
Bhaskar Das, a stalwart of the Indian media industry and former President of Response at Bennett, Coleman & Co. Ltd. (BCCL), passed away after a prolonged battle with illness. A figure whose career at BCCL spanned more than three decades, Das was instrumental in reshaping BCCL and elevating the company to new heights with his innovative strategies.
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Shares of microfinance firm CreditAccess Grameen tumbled as much as 5.1% on Wednesday to Rs 910 on the BSE after brokerage firm Goldman Sachs maintained its ‘sell’ rating on the microfinance institutions (MFIs) player, indicating a further downside of 37% from current levels with a target price of Rs 577 per share.
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The initial public offering (IPO) of refrigerants supplier Stallion India Fluorochemicals is set to open for public subscription on January 16 and will close on January 20. Ahead of the issue, the grey market premium (GMP) for Stallion India Fluorochemicals shares is around Rs 30-31, indicating a 33% premium over the issue price.
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