The stock market is desperate to leave the red color and come in green, but in the last few days, the pressure on it has become so much that the market gets derailed by coming on the right path. Yesterday, the market was closed on the red mark yesterday. Sensex and Nifty could not do business as expected from investors. However, some of the shares of most of the companies whose business activities had come out of the business activities were seen. A similar view is seen even today.
Tata steel
The Tata group company said after the market was closed yesterday that it had purchased the 191 million equity shares of Tea Steel Holdings Private Limited (TSHP) for about Rs 2,603.16 crore. On Thursday, Tata Steel shares rose more than one and a half percent to close at Rs 138.
Adani Enterprises
The balance sheet of the Adani Group is very strong. The group has achieved a record EBITDA of Rs 86,789 crore in the last 12 months, which is 10.1% higher than the previous year. The contribution of its main infrastructure business is prominent in the economic success of the Adani Group. The impact of these figures can be seen on the shares of the group’s major company Adani Enterprises Limited (AEL), which is currently being sold at a price of Rs 2,178.
Manappuram Finance
Gold prices are getting stronger again after a small interval. In such a situation, the shares of Manappuram Finance, a company providing gold loan, may also strengthen. Gold has crossed the 88 thousand mark and is expected to reach 90 thousand soon. Manappuram Finance shares closed at Rs 206.90 yesterday to Rs 206.90.
Patanjali Foods
Baba Ramdev’s Patanjali Foods has got a big relief from the Supreme Court. The Supreme Court has rejected the Income Tax Department’s demand for Rs 186 crore. Its impact can still be seen on the company’s shares. On Thursday, Patanjali Foods’ shares closed at Rs 1,856.90.
NTPC Green Energy
NTPC Green Energy Limited has signed a memorandum with India Light and Power. Its purpose is to accelerate green energy objectives and to carry forward the efforts of the government towards carbon neutral economy. On Thursday, NTPC stock rose 1.41% to close at Rs 106.10.
