Trendlyne Blog: , Latest on stock market and finance in India and the world.

12 May 2025

551.30

-0.60%

Over 350 illegal religious structures removed along Nepal border

Business Standard

The Uttar Pradesh government on Sunday said that more than 350 unauthorised religious sites, including madrasas, mosques, mazars and Eidgahs, have been identified and subjected to sealing or demolition in recent days, an official statement issued here said. Acting on Chief Minister Yogi Adityanath's clear directive that no religious encroachment will be tolerated, the administration in districts such as Pilibhit, Shravasti, Balrampur, Bahraich, Siddharthnagar and Maharajganj has launched a sweeping campaign, it said. The authorities have systematically identified illegal structures and taken strict action, continuing operations even on Sunday. The chief minister has made it clear that encroachment in the name of any religion will not be allowed and all violators, especially those running unrecognised religious institutions, will face legal consequences, the statement said. On May 10 and 11, 104 madrasas, one mosque, five mazars and two Eidgahs built illegally on public and private

Balrampur Chini Mills Ltd. is trading below its 30 day SMA of 556.1

DCM Shriram Industries Ltd.

11 May 2025

184.87

0.09%

DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore

Business Standard

DCM Shriram group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next 2 months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware). "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. The total acquisition cost is Rs 44 crore, which includes Rs 31 crore by subscribing to fresh equity share capital of DNV Global and Rs 13 crore by purchase of equity shares from the existing promoters/shareholders. Saket Jain, Business Head, Fenesta Building Systems, said, "The acquisition ...is a natural extension of our long-ter

DCM Shriram Industries Ltd. is trading above all available SMAs

ITC Ltd.

11 May 2025

437.80

2.75%

India right to act against Pak-based terrorists, industry backs govt: CII

Business Standard

India has done the right thing to punish Pakistan-based terrorists who killed innocent citizens and the industry stands firmly behind the government, committed to doing what is required to ensure that the country's economic progress sustains, according to CII President Sanjiv Puri. The military conflict between India and Pakistan in the aftermath of the killing of 26 people in Pahalgam last month is a moment to "rededicate ourselves and re-energise ourselves towards nation building", including enhancing India's defence manufacturing capabilities and capacities, Puri told PTI in an interview. "What the government is doing is absolutely the right thing to do. The idea is really aligned to what the government has always said 'to punish those responsible for terrorism' and nothing can justify killing of innocent citizens. So those people responsible must be punished," Puri, who is also the MD of ITC, said. Puri was responding to a query on what would the industry like the government to

ITC Ltd. is trading above its 100 day SMA of 427.5

Tata Consumer Products Ltd.

10 May 2025

1147.00

1.80%

Where consumers and trust play a key role

Business Line

The consumer goods segment, which hinges on trust, is where the Tatas have the right to succeed, says Sunil D'Souza, MD and CEO, Tata Consumer Products

Number of FII/FPI investors increased from 960 to 973 in Mar 2025 qtr.

CCL Products India Ltd.

09 May 2025

811.10

0.02%

CCL Products Q4 Results Review: Strong Execution Led by Favorable Product Mix; Nirmal Bang Maintains 'Buy'

NDTV Profit

Nirmal Bang maintains 'Buy' on CCL Products, hikes target price, sees upto 18% upside

Axis Direct increased Buy price target of CCL Products India Ltd. to 800.0 on 07 May, 2025.

KSE Ltd.

09 May 2025

2215.00

11.34%

Pakistan stock exchange continues to feel effects of India-Pak conflict

Business Standard

The Pakistan Stock Exchange (PSX) on Friday continued to feel the effects of the ongoing conflict in the region with equity investors said to have suffered 820 billion rupees in losses in the last three days. The market opened, like the last three days, to conflicting sentiments but by close, had recovered more than 700 points. The benchmark KSE-100 index climbed 799.65, or 0.77 per cent, to stand at 1,04,326.46 from the previous close of 1,03,526.81 at 11:06 am. The volatility had increased following the military confrontation between India and Pakistan triggered by the April 22 Pahalgam terror attack that had cross border linkages. Yousuf M Farooq, director research at Chase Securities said such short-term volatility and corrections are a normal feature of equity markets. "We are advising our clients that only long-term investors participate in the market, maintaining discipline during periods of uncertainty and gradually building their portfolios over time," he said. Sana Tawf