Concern among minority shareholders about the Master Supply and Service Agreement proposed by Ambuja Cements is the main reason for the fall in share prices. They believe Sanghi Industries’ control on profitability will be limited under the agreement.
On Monday, the stock gained 6% and hit a fresh 52 week high of Rs 18.40 on a media report hinting at a possible tie-up between Vi and Starlink to pare entire gains on Tuesday after the company rejected the report. Investor interest remains paramount as the price action has been supported by volume action with over 100 crore shares getting traded in each of the last two trading sessions.
At noon, the top gainers in today s trade were Kopran, Marksans Pharma, Unichem Laboratories, and FDC which gained between 8% and 5%. The top losers were Fortis Healthcare, Kovai Medical Center Hospital and Vijaya Diagnostics Centre which fell up to 2.2% around this time.
Renewable Energy Stocks: India has become the 4th largest player globally in wind and solar power, with renewable energy capacity surpassing 179.5 GW. The surge in green energy is driving India s ambitious climate goals and electrifying stock markets.
Analysts foresee further rise in Indian markets in the first half of 2024 on the back of likely rate cuts by global central banks as well as the RBI. Another surge is expected ahead of the general elections