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Gift Nifty traded 41 points or 0.19% higher signalling a positive start for Dalal Street today
Wall Street ends higher in the final stretch of 2023, rate cuts in view
U.S. stocks extended their rally on Tuesday, kicking off the final week of 2023 with expectations that the Federal Reserve will begin cutting interest rates as soon as March.
STOCKS TODAY
Aditya Birla Capital (ABCL): The company has made investments of Rs 850 crore on a rights basis in Aditya Birla Finance (ABFL) and Rs 50 crore in Aditya Birla Capital Digital (ABCDL). After the said investments, there is no change in the percentage shareholding of ABCL, and both ABCDL and ABFL continue to be wholly owned subsidiaries of the company.
Zydus Lifesciences: Subsidiary Zydus Healthcare has received an intimation from the Income Tax Department, determining the income tax demand of Rs 284.58 crore for the assessment year 2023-2024 while processing the return of income of Zydus Healthcare. The company strongly believes that once the rectification is made, the entire demand will be deleted.
Vedanta: The mining company will start trading ex-dividends with effect from December 27. The company has announced an interim dividend of Rs 11 per share for FY24.
Electro Force (India): The company will list its equity shares on the NSE Emerge on December 27. The equity shares will be available for trading in the trade-for-trade segment. The offer price is Rs. 93 per share.
UGRO Capital: The company said a meeting of the Investment and Borrowing Committee is scheduled to be held on December 29 to consider raising funds by way of the issuance of non-convertible debentures through public issue.
RBZ Jewellers: The Ahmedabad-based jewellery retailer will list its equity shares on December 27. The issue price has been set at Rs 100 per share.
Happy Forgings: The forgings and high-precision machined component maker will be listed on the BSE and NSE on December 27. The final issue price is Rs. 850 per share.