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The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Neogen Chemicals, AGI Infra Ltd., Sintercom India, Newgen Software and Indostar Cap. Fin., hit their fresh 52-week highs during the day.

Business Standard

Vodafone Idea Ltd leads losers in 'A' group

Indus Towers Ltd, Chambal Fertilisers & Chemicals Ltd, IIFL Finance Ltd and Nava Ltd are among the other losers in the BSE's 'A' group today, 19 September 2024.

Business Standard

Neogen Chemicals up 13% on favourable demand outlook; zooms 46% in 2 weeks

The stock of the specialty chemicals maker is trading higher for the sixth straight day, surging 40 per cent during the period.

The Economic Times

Pernod Ricard now India's biggest alcohol firm: MD Jean Touboul

Pernod Ricard India has become the country's largest alcohol firm by revenue, surpassing Diageo. The company's growth is driven by higher sales of its scotch brand 100 Pipers and Indian-made foreign liquor brands Blenders Pride and Royal Stag. Despite consumer pressures, India's resilience has contributed to Pernod Ricard's strong performance.

Business Standard

Alkyl Amines Chemicals allots 5,006 equity shares under ESOP

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Business Standard

HEG Ltd leads gainers in 'A' group

Vakrangee Ltd, Graphite India Ltd, Alkyl Amines Chemicals Ltd and Samvardhana Motherson International Ltd are among the other gainers in the BSE's 'A' group today, 18 September 2024.

Business Standard

Vishnu Chemicals resumes operations at Visakhapatnam unit

Vishnu Chemicals announced that it has resumed operations at Visakhapatnam plant, which was stopped for scheduled maintenance.

Business Standard

Stock Alert: Ceigall India, Infosys, Mankind Pharma, Satin Creditcare, REC

Aarti Industries, Balrampur Chini Mills, Biocon, Birlasoft, Gujarat National Fertiilisers and Chemicals (GNFC), Granules India, Hindustan Copper, LIC Housing Finance, Punjab National Bank, and RBL Bank.

Business Standard

LIC pares its holding in DCM Shriram Industries by over 2% to 4.66%

Life Insurance Corporation (LIC) on Tuesday said it has pared its stake in DCM Shriram Industries by more than 2 per cent to 4.66 per cent over a period of about three years. In a regulatory filing, LIC said there is a net decrease of 2.016 per cent in its holding in DCM Shriram during the period October 8, 2021, and September 13, 2024. The shares were sold at an average price of Rs 110.072. "...the Life Insurance Corporation of India has decreased its shareholding in equity shares of DCM Shriram Industries Ltd from 58,06,760 to 40,52,635 i.e., 6.675 per cent to 4.659 per cent of the paid-up capital of the said company," LIC said. DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres. Shares of DCM Shriram Industries settled 1.77 per cent lower at Rs 194 apiece on the BSE.

Business Standard

Geojit Financial Services Ltd leads losers in 'B' group

Biofil Chemicals & Pharmaceuticals Ltd, Vimta Labs Ltd, Ruchira Papers Ltd and Sportking India Ltd are among the other losers in the BSE's 'B' group today, 17 September 2024.

The Economic Times

Is there a sustainable move ahead for specialty chemicals as well as IT? Vinit Sambre answers

Vinit Sambre, Head-Equities at DSP Mutual Fund, discusses the rapid price movements in the market, the IT sector's sustained momentum, as well as the challenges in specialty chemicals. He further highlights domestic-driven rallies and cautious FII participation due to valuation concerns. Sambre also comments on new-age tech companies and IPO trends.

CNBC TV18

111% Upside for a chemical name: Avendus Spark sees this stock at ₹4,500 in three years

Over a three-year timeframe, Neogen Chemicals are likely to test levels of ₹4,500, Avendus Spark wrote in its note.

Business Standard

S.M. Gold Ltd leads gainers in 'B' group

Mallcom (India) Ltd, Ecos (India) Mobility & Hospitality Ltd, Modison Ltd and Neogen Chemicals Ltd are among the other gainers in the BSE's 'B' group today, 17 September 2024.

Business Standard

Stock Alert : Torrent Power, FirstSource Solutions, JK Tyre Inds, Carborundum Universal, Reliance Infra

Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Birla soft, Chambal Fertilizers and Chemicals, Gujarat National Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, LIC Housing Finance, RBL Bank.

Mint

Breakout stocks to buy or sell: BSE to Godfrey Phillips ? Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy or sell: Sumeet Bagadia has recommended five shares to buy today ? BSE, Kanoria Chemicals, Godfrey Phillips India, GM Breweries, and International Conveyors

Mint

Carlyle Revives IPO Plans for Chemical Firm Nouryon

Carlyle Group Inc. has revived plans for an initial public offering of specialty chemicals producer Nouryon, according to people with knowledge of the matter, as private equity firms globally gear up for a rebound in listings.

Business Standard

CPCB notice to BPCL for failing to install vapour recovery systems

The Central Pollution Control Board (CPCB) has issued a show cause notice to Bharat Petroleum Corporation Limited (BPCL) for failing to install vapour recovery systems at 28 of its storage terminals to capture carcinogenic benzene emissions and other volatile compounds. PTI reached out to the BPCL for a comment but could not get one immediately. The notice, issued on September 4, said an environmental compensation of Rs 1 crore could be imposed if the BPCL fails to provide a satisfactory response by September 19. On September 18, 2020, the CPCB directed the BPCL to install vapour recovery systems at petrol pumps selling more than 100 kilolitres of fuel per minute (KLPM) in cities with over one million residents, and at pumps selling more than 300 KLPM in cities with populations between one lakh and 10 lakh, as well as at storage terminals. In December 2021, the National Green Tribunal (NGT) directed the CPCB to take appropriate action against petroleum outlets and depots that faile

Mint

Sugar stocks Triveni Engineering, Praj Industries and others surge up to 8.7%. What’s behind the rally?

Sugar stocks surged on September 16 after the Department of Food and Public Distribution allowed sugar mills to produce Rectified Spirit and Extra Neutral Alcohol using sugarcane juice and B-heavy molasses. Triveni Engineering led the gains, followed by other key sugar stocks.

Business Standard

ONGC gets director to spearhead new energy, petrochem business & strategy

Oil and Natural Gas Corporation (ONGC) has got a new director to spearhead its new energy, petrochemicals and corporate strategy as part of a board revamp aimed at breathing fresh life into the state-controlled behemoth. Arunangshu Sarkar has been appointed as Director for strategy and corporate affairs, ONGC said in a stock exchange filing. Before the elevation, Sarkar, a petroleum engineer from the Indian School of Mines, Dhanbad, was Group General Manager (Production) at ONGC. He had previously worked as General Manager (Strategy & Corporate Planning), ONGC Videsh Ltd - the overseas investment arm of ONGC. Two years back, the board of ONGC was reorganised. Besides creating the new post of Director (Strategy & Corporate Affairs), the post of Director (Production) was created after merging Director (Onshore), who is in charge of all oil and gas fields located on land, and Director (Offshore) who looks after all offshore assets, such as the prime Mumbai High fields. In ...

The Economic Times

ONGC gets director to spearhead new energy, petrochem business

ONGC has appointed Arunangshu Sarkar as Director for strategy and corporate affairs in a board revamp aimed at revitalizing the company. Sarkar, previously Group General Manager (Production), will oversee joint ventures, downstream petrochemicals, new energy, corporate strategy, marketing, and legal. The restructuring follows McKinsey's Organisation Transformation Project recommendations.

The Economic Times

Govt appoints Arunangshu Sarkar as ONGC's first Director (Strategy)

The government has appointed Arunangshu Sarkar as the first director (strategy and corporate affairs) on the ONGC board. This move is part of a broader restructuring effort to revitalize the organization. Sarkar will oversee strategy, business development, joint ventures, new energy, petrochemicals, marketing, and IT functions at ONGC.

Business Standard

Stock Alert: BPCL, SBI Cards, BLS Intl, H.G. Infra Engg, Tata Power, HCL Tech

Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Balramur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Granules India , Hindustan Copper, RBL Bank.

The Economic Times

Alkem joins $3 bn race for JB Chem as Torrent pauses talks

Alkem Laboratories, India's fifth-largest branded pharmaceutical company, is vying for JB Chemicals and Pharmaceuticals as KKR looks to sell. Torrent Pharmaceuticals has exited negotiations over valuation differences. If successful, this will be Alkem's largest acquisition, enhancing its presence in the chronic segment and potentially moving it to fourth place in the domestic formulations market.

Business Standard

Bio-E3 policy to bring bio-revolution in India, says Jitendra Singh

The government's Bio-E3 policy marks a crucial step in positioning India as a global bio-economy leader and is set to spark a "bio-revolution" in India similar to the IT revolution in the western world, Union minister Jitendra Singh said on Thursday. The BioE3 policy was formally launched last month and aims to facilitate sustainable and efficient utilisation of biological resources for innovation, scaling-up and bio-manufacturing of specialty chemicals, enzymes, bio-polymers, functional foods, smart proteins, veterinary products, precision bio-therapeutics and services. Speaking at the Global Bio-India Summit 2024, Singh said the policy marks a crucial step in positioning India as a global bio-economy leader. The Minister of State (Independent Charge) for Science and Technology also highlighted the importance of the Global Biotech platform, which brings together a diverse range of stakeholders, including start ups, SMEs, large industries, research institutes, and international ...

Business Standard

Stock Alert: NBCC, Infosys, Lupin, NBCC, HPCL, Adani Ports

Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Hindustan Copper and RBL Bank

The Economic Times

Mihir Vora on impact rate cuts & crude prices will have on global growth

​So, India versus the rest of the world story continues. Of course, if the world really dips very sharply, then we will not be unaffected. But as of now, that is not the base case. We are expecting a soft landing in the US, which is okay for India. The theme, of course, continues to be within India, to stick to the domestic linked segments, not so much for the export linked segments or the globally exposed segments like energy, chemicals, metals, etc.

The Economic Times

Gensol-Matrix to set up India's first green hydrogen valley project in Pune

Gensol Engineering, in collaboration with Matrix Gas & Renewables Ltd, has secured an order to establish India's first green hydrogen valley project in Pune. The plant will produce green hydrogen through electrolysis and supply it to the specialty chemical sector. This initiative is supported by the Department of Science & Technology and facilitated by National Chemicals Laboratories.

The Economic Times

SJVN among 21 stocks to trade ex-dividend tomorrow. Do you own any?

SJVN, recently granted Navratna status, has set September 12 as the record date for determining shareholders eligible for dividend payments. The company announced a final dividend of Rs 0.65 per share for FY 2024-25. Other companies like Amines & Plasticizers and Bharat Rasayan also declared dividends, with shares trading on an ex-dividend basis from Thursday.

Business Standard

Jubilant Pharmova Ltd leads gainers in 'A' group

Morepen Laboratories Ltd, La Opala RG Ltd, AGI Greenpac Ltd and Gujarat Alkalies & Chemicals Ltd are among the other gainers in the BSE's 'A' group today, 09 September 2024.

Business Standard

New liner service to connect Jeddah Port to India's Mundra, Nhava Sheva

A leading maritime services company announced on Sunday the launch of a new liner service connecting the Red Sea's Jeddah Islamic Port to India's Mundra and Nhava Sheva, two of the largest commercial ports in the country. Folk Maritime Services Company, a Public Investment Fund and one of the region's emerging leaders in providing regional liner and feeder services, said the 10-day facility with two vessels will commence in September. According to a company statement, the services will strengthen trade ties by facilitating the movement of consumer cargo from India and products from Saudi Arabia, including petrochemicals. In addition to deploying its vessel, Folk Maritime has also signed a Vessel Sharing Agreement (VSA) with Oman's Asayd, which will also deploy a vessel for the new route, the statement revealed. Announcing the new India Redsea Service (IRS), Poul Hestbaek, Chief Executive Officer of Folk Maritime, said the new route would further "enhance bilateral trade between the

The Economic Times

New liner service to connect Red Sea's Jeddah Port to India's Mundra, Nhava Sheva

Folk Maritime Services Company has launched a new liner service connecting Jeddah Islamic Port in the Red Sea to India's Mundra and Nhava Sheva ports. This 10-day service, starting in September, aims to strengthen trade ties between Saudi Arabia and India by facilitating the movement of consumer cargo and petrochemicals.

Business Standard

Odisha set to lead petrochemical sector: Union minister Anupriya Patel

Union Minister Anupriya Patel on Friday said Odisha is ready to become a leader in the petrochemical sector which is projected to be a USD 1 trillion industry by 2047. Addressing a conference "Advanced India: Indian Chemicals and Petrochemicals Paving the Future" here, she said the eastern state with its skilled manpower and strategic coastal location is poised to become a major hub in the sector. She also said the India Chem 2024 summit, scheduled to take place in Mumbai from October 17-19 after a two-year hiatus, is expected to attract significant global participation. Odisha, with its skilled manpower and strategic coastal location, is poised to become a major hub for chemicals and petrochemicals, and will offer vast opportunities for manufacturing, employment and exports, Patel, the minister of state for chemicals and fertilizers, said. The sector, currently valued at USD 220 billion, is projected to surpass USD 1 trillion by 2047, she said, adding that the government's focus o

Business Line

Kanoria Chemicals doubles hexamine production with new manufacturing plants in Gujarat

The expansions aim to meet the increasing demand in sectors such as pharmaceuticals, rubber, textiles, and agrochemicals, both domestically and internationally

The Economic Times

Bajaj Finserv Flexi Cap Fund completes one year; crosses Rs 3,500 crore AUM

This fund identifies and invests in companies that are poised to benefit from current and future market trends. With a focus on six key sectors - banking and financial services, pharmaceuticals, automobiles, technology, chemicals, and consumer goods - the fund maintains a diversified portfolio of over 60 stocks.

Business Standard

Reliance Industries board approves bonus share issue in 1:1 ratio

This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly Rs 700

Mint

Rain Industries, Tata Steel and more: SMIFS’ top stock picks for short, medium and long-term gains

SMIFS recommends four stocks for varying investment horizons: Rain Industries for long-term growth, Tata Steel for short-term gains, Sequent Scientific for medium-term prospects, and Bodal Chemicals as a long-term buy. Each stock is backed by strong technical and fundamental indicators.

The Economic Times

Indian Phosphate stock debuts with 90% premium on NSE SME platform

Indian Phosphate shares made a strong debut on the NSE SME platform, listing at a 90% premium to their offer price. The IPO, which was highly subscribed, will help fund the development of a new facility and meet working capital needs. The company specializes in producing various chemicals and fertilizers.

The Economic Times

Aarti Industries bets big on large deals, capacity expansion amid bleak short term prospects

Aarti Industries, a manufacturer of specialty chemicals, has declined nearly 16% since its June quarter results. Despite revenue and profit growth, concerns over Chinese excess supply have led analysts to cut earnings estimates. The company continues to push forward with capex plans and long-term deals to drive future growth.

Business Standard

BPCL plans refining, petchem projects over 5-7 years to meet energy demand

India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5 per cent and 7-8 per cent in the 'foreseeable future'

Mint

PCBL stock records 50% gain in August, biggest monthly gain in 14 years. More rally ahead?

PCBL's stock has surged by 50% in August and 5,000% over the last decade. Analysts are positive due to diversification into nano silicon and specialty chemicals. JM Financial projects significant future growth, raising the target price to ₹635.