Basic materials stocks were trading with losses, with the S&P BSE Basic Materials index decreasing 3.27 points or 0.07% at 4465.82 at 13:49 IST. Among the components of the S&P BSE Basic Materials index, Ruchira Papers Ltd (down 3.87%), Dalmia Bharat Ltd (down 3.06%),UltraTech Cement Ltd (down 2.85%),Satia Industries Ltd (down 2%),Grasim Industries Ltd (down 1.99%), were the top losers. Among the other losers were Aarti Surfactants Ltd (down 1.95%), Shree Cement Ltd (down 1.75%), Godrej Industries Ltd (down 1.55%), Solar Industries India Ltd (down 1.52%), and I G Petrochemicals Ltd (down 1.45%). On the other hand, Supreme Petrochem Ltd (up 7.39%), Rossari Biotech Ltd (up 7.31%), and Vikas Wsp Ltd (up 7.01%) turned up.
Stock in news: Reliance, Future Retail, Dalmia Bharat, Vedanta, SBI Cards
Shares of Reliance, SBI, Future Retail, Dalmia Bharat, Vedanta, SBI Cards will be in focus in Monday s trading session
BusinessToday.In | April 5, 2021 | Updated 09:54 IST
Stocks to watch today: Reliance, SBI, Future Retail, Dalmia Bharat, Vedanta, SBI Cards
The domestic bourses, Sensex and Nifty, are expected to open lower on Monday, tracking negative trading at Nifty futures on the Singapore Exchange. Among the individual stocks, shares of Reliance Industries, State Bank of India, Future Retail, Dalmia Bharat, Vedanta, SBI Cards, Britannia Industries and Adani Enterprises will be in focus in Monday s trading session.
Dalmia Bharat receives securities worth ₹344 cr back from IL&FS Securities
PTI
New Delhi |
Updated on
April 05, 2021 Cement maker Dalmia Bharat Ltd on Friday said that securities worth ₹344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court.
Mutual fund units of its two erstwhile subsidiaries were earlier “fraudulently and illegally transferred” by Allied Financial Services Pvt Ltd (AFSPL) “in collusion with IL&FS Securities Services Limited (ISSL),” Dalmia Bharat said in a regulatory filing.
The two subsidiaries were of Dalmia Bharat’s step-down firm Dalmia Cement (Bharat) Limited (DCBL). “We hereby further update that the said Securities of DCBL lying with ISSL were released in favour of DCBL and credited back to its demat account as per said order of the Supreme Court,” it said.
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Cement good proxy to play impending upcycle in economy: Edelweiss MF CIO
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His positive stance is reflected through his holdings in stocks like JK Cement, Dalmia Bharat, Brigade Enterprises, NCC, Ashoka Buildcon in his midcap and smallcap schemes.
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MUMBAI: Harshad Patwardhan, chief Investment officer of Edelweiss Mutual Fund, is bullish on the fortunes of the cement sector. His positive stance is reflected through his holdings in stocks like JK Cement, Dalmia Bharat, Brigade Enterprises, NCC and Ashoka Buildcon in his midcap and smallcap schemes. Edelweiss Midcap Fund has a 12.25% exposure to the construction sector compared to the benchmark weight of 7.3%, while Edelweiss Small Cap Fund has a 15% weight as against the benchmarks 11.08%.