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Board of CUMI appoints Sridharan Rangarajan as new MD from August 3

The board of directors of Carborundum Universal Ltd (CUMI), part of the diversified conglomerate Murugappa Group, has appointed Sridharan Rangarajan as its managing director with effect from August 3.

Carborundum Universal Appoints Sridharan Rangarajan As Managing Director Of The Company

Carborundum Universal appoints Sridharan Rangarajan as MD

Carborundum Universal appoints Sridharan Rangarajan as MD
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Bearish MACD crossover: ITC, IDFC among 9 stocks to watch out for

ETMarkets has identified nine Indian stocks where the MACD line has recently crossed below the signal line, indicating a potential downward trend. Among these are financial institution IDFC, energy and environment solutions provider Thermax, aluminum producer National Aluminium, and wind energy company Suzlon Energy. The bearish crossover did not rule out the attractiveness of these high-capacity companies. Other stocks include construction and engineering business Carborundum, tobacco, and hospitality giant ITC, and multinational pharmaceutical company Sun Pharmaceutical.

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