Stock Market Live update on 25th March 2022. The Nifty futures were trading higher around 17,300 level on the Singaporean Exchange at 8:00 IST. Asian markets are trading lower, while the US market ended higher on Thursday.
Levels for Nifty and Banknifty for 25th March 2022
Nifty Levels for the day:
Nifty Resistance at 17350
Nifty Support at 17150
Banknifty Levels for the day:
Banknifty Resistance at 35900
Banknifty Support at 35400
Stocks in Focus today
The company will acquire Helloworld Technologies for Rs 42 crore.
Tata Consumer Products
The company will consider issuing equity shares up to 1.5 percent to a foreign company through preferential allotment on March 29
Kalpataru Power Transmission
SBI Funds Management acquired 14.5 lakh equity shares in the EPC company through open market transactions on March 23. With this, its shareholding in the company stands at 7.25 percent, up from 6.27 percent earlier.
The company’s subsidiary Chloride Metals has started commercial production at its newly set-up greenfield manufacturing facility of battery recycling at Haldia, West Bengal. The said recycling plant is equipped with modern state-of-the-art technology with the help of global engineering firm, Engitec Technologies S.P.A. Italy. The total installed capacity of the plant is 108,000 MT per annum.
The board has approved the sale of the factory unit of the company at Sonepat (Haryana), by way of slump sale, and appointment of Chashu Arora, Chartered Accountant, as CFO of the company.
The company has executed a joint venture agreement with joint venture company Senta Foodwork wherein Anjani Foods holds a 51 percent stake and the rest of the shareholding is held by Quennelle 36 Foodworks. They formed a joint venture to engage in the business of bakery products.
Indian Oil Corporation
IOC, the country’s top fuel retailer, will raise prices of petrol and diesel by 0.80 rupees per liter from Friday, its third such increase this week, as per a report.
The company has received a project sanction order from the Indian Army, for the design and development of a prototype of Integrated Air Defence Combat Simulator.
Shaily Engineering Plastics
Lighthouse India III Equity Investors Ltd & PACs bought 2.48 percent in the company through open market transactions on March 24. With this, their shareholding in the company stands at 9.1 percent, up from 6.62 percent earlier.
Motherson Sumi Systems
The company has won an order to manufacture, supply aftermarket molded polymer parts for commercial plane interiors. This is the first order for the company from Boeing