Laxmi Organic share price: The company, in a BSE filing, said its fund-raising committee of directors approved the issue and allotment of 9,625,579 equity shares to qualified institutional buyers as a part of its fundraising plans. The shares were allotted at an issue price of Rs 269.20, i.e. at a premium of Rs 267.20, aggregating to Rs 259.12 crore.
Considering the momentum in key sectors, if the Nifty50 decisively surpasses 19,500, then 19,650 is expected to be the crucial area for sharp up-move, while the critical support remains at 19,300-19,250, experts said
Marico Ltd.’s profit in the first quarter ended June rose, in line with estimates, even as volumes declined on steep price hikes.
Net profit of the maker of Parachute hair oil and Saffola cooking oil rose 48% sequentially to Rs 371 crore in the quarter ended June 30, according to its exchange filing. That compares with the Rs 367.7-crore consensus estimate of analysts tracked by Bloomberg.
Analysts said the index could stay in a range in the coming week and advised a couple of small and midcap stocks that could offer healthy returns to traders in the near term.
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