Stocks to watch on July 11
Wed, Jul 10, 2024 7:23 PM

Stocks to watch on July 11

A Flip by Shubhangi Gupta
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📌SBI raised ₹10,000 crore at a coupon rate of 7.36% through its sixth infrastructure bond issuance. 📌Zydus Lifesciences received tentative approval from the US FDA to market diroximel fumarate delayed-release capsules, 231 mg. 📌Kesoram Industries firm reported a net loss of ₹62 crore for the first quarter that ended June 30, 2024.

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BigBloc Construction board approves issue of 1:1 bonus share

BigBloc Construction board approves issue of 1:1 bonus share

BigBloc Construction's board has approved a 1:1 bonus share issue, utilizing Rs 28.31 crore from free reserves, pending shareholder approval at the August 29 AGM. This move aims to reward shareholders, enhance liquidity, and expand the shareholder base, increasing the company's paid-up share capital to Rs 28.31 crore. Additionally, a final dividend of 20% or 40 paise per equity share.

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Economic Survey: Highway monetisation peaked at Rs 40,314 crore in 2023-24

Economic Survey: Highway monetisation peaked at Rs 40,314 crore in 2023-24

The Indian government raised a record Rs 40,314 crore from highway and road assets in 2023-24, exceeding Rs 1 lakh crore in funds garnered since FY19. The private sector has invested heavily in the sector, driven by a conducive policy environment. The government has also awarded projects worth Rs 2,505 crore for dedicated multimodal logistics parks and plans to award seven more in 2024-25.

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Saudi Arabia's growth this year marred by lower for longer oil output

Saudi Arabia's growth this year marred by lower for longer oil output

According to a Reuters poll of economists, Saudi Arabia's economic growth is expected to be one of the slowest among Gulf Cooperation Council countries this year, with a forecasted growth rate of 1.3%, down from 1.9% in April, due to extended oil output cuts. Lower oil revenues will likely constrain investments in non-oil sectors, affecting overall expansion in 2024.

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