Tata Motors DVR, Intellect Design and SKF India are among the stocks that may be added to the MSCI Smallcap index after the index provider does its semi-annual review next month. The review could help these stocks garner $9.2 million, $7.8 million and $7.7 million in flows, respectively, according to IIFL Alrernative Research. Other notable high impact potential additions include the likes of Asahi India Glass, Elgi Equipments, Solar Industries, Shriram City Union, Grindwell Norton, GSFC, Route Mobile and Sheela Foam. The maximum volume impact could be on Shriram City Union (11.6x) and Solar Industries (15.8x). The index review announcement will be made on May 11 and adjustments will be done on May 27.
after one month still 9 unanswered questions in the Antilia Hiran-sachin Vaze case - एंटीलिया कार केस: एक महीने बाद भी नहीं खुल पाए ये 9 राज, जानें- किन जवाबों का इंतजार
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Mamata Banerjee Narendra Modi | Dainik Bhaskar News Headlines; 80% voting in second phase in Bengal, Suvendu Adhikari Vs Mamata Banerjee, lockdown in 4 cities of MP | बंगाल में दूसरे फेज में 80% वोटिंग, चुनाव वाले दिन रैली करने पर ममता का मोदी पर हमला और MP के 4 शहरों में लॉकडाउन
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Energy Impact Partners leads €10 million investment in German residential solar startup
Image: Germany’s Federal Association of Solar Industries (BSW).
Berlin-based greentech startup Zolar has raised an additional €10 million (US$11.9 million) in an investment round led by Energy Impact Partners.
The fundraiser led by investor EIP has added €10 million to Zolar’s series B funding, bringing the fund’s total to €35 million, which will be used to triple the residential installer’s solar capacity in Germany and accelerate its growth.
Alex Melzer, co-founder of and chief executive of Zolar, said the company has been able to grow its revenues “significantly” despite travel restrictions and work disruption imposed by Germany’s COVID-19 lockdown.
Solar Industries India fell 3.52% to Rs 1353.90 as the counter witnessed some bit of profit taking.
In the past three months, the stock has gained 29.14% while the benchmark Sensex has added 9.66% during the same period.
Meanwhile, CRISIL has reaffirmed its CRISIL AA+/Stable/CRISIL A1+ ratings on the bank facilities and commercial paper of Solar Industries India.
CRISIL said the ratings continue to reflect the Solar group s robust market position in the domestic, export & overseasmarkets in the explosives and detonators industry, strong operating efficiency, and strong financial risk profile. These strengths are partially offset by susceptibility to regulatory risks and to volatility in foreign exchange (forex) rates.