Latest news with #MeghnaInfracon
Economic Times
08-07-2025
- Business
- Economic Times
Stock Market LIVE Updates: Sensex trades flat, Nifty over 25,450; DRL falls 2%, Kotak Bank gains 4%
Sensex Today | Stock Market LIVE Updates: Eight of the 13 major sectors advanced marginally at the open. The broader small-caps and mid-caps traded flat. Nifty Bank and Metal indices advanced in early trade on Tuesday, while IT, FMCG, and Oil & Gas also opened in the green. In the broader market, both the Nifty Smallcap100 and Midcap100 indices saw modest gains. The Indian market closed flat on Monday, with gains in consumer and oil & gas stocks offset by declines in financial and IT shares. Investor sentiment stayed cautious amid growing uncertainty ahead of the July 9 U.S. tariff deadline. Uncertainty over U.S. trade policies weighed on investors sentiment in the Indian stock market. Sensex Today | Stock Market LIVE Updates: Key benchmark indices Sensex and Nifty50 traded on a flat note Tuesday, as investors remained cautious amid global uncertainty following U.S. President Donald Trump's announcement of steep import tariffs on key trading partners. Sensex Today | Stock Market LIVE Updates: Meghna Infracon shares rise on Rs 37 cr redevelopment project in Mumbai Meghna Infracon has signed a Rs 37 crore agreement with Jose Ville for a residential redevelopment project in Santacruz West, Mumbai. The 28,000 sq. ft. project is expected to launch in 2025 and is strategically located near key amenities and transit points. Sensex Today | Adani Power completes 600 MW Vidarbha Power acquisition, operating capacity reaches 18,150 MW Sensex Today | Stock Market LIVE Updates: Kotak Mahindra Bank jumps 4% after Q1 business update signals steady growth Kotak Mahindra Bank shares surged over 4% on Tuesday, hitting an intraday high of Rs 2,237.35 on the BSE, after the lender posted a steady business update for the June quarter (Q1FY26), signalling continued growth momentum. Read more Stock Market LIVE Updates: Indian bonds trade flat despite rise in US yields; await local cues Indian government bonds moved in a tight range on Tuesday morning, largely ignoring the uptick in U.S. Treasury yields. Traders are awaiting a strong domestic trigger to drive further movement. The 10-year benchmark yield stood at 6.2943% as of 9:45 a.m. IST, marginally higher from Monday's close of 6.2933%. Stock Market LIVE Updates: Textile stocks rally up to 8% as US imposes steep tariff on Bangladesh imports Textile stocks surged on Tuesday, with shares of Gokaldas Exports, KPR Mill, Vardhman Textiles, and Arvind Ltd rallying up to 8.2% intraday. The sharp gains came after the US, under President Donald Trump, imposed a 35% tariff on imports from Bangladesh, targeting the apparel and textile sector specifically. Read more Sensex Today | Stock Market LIVE Updates: AMC stocks climb up to 3.5% as SEBI proposes relaxation in mutual fund norms Shares of asset management companies like HDFC AMC, Aditya Birla Sun Life AMC, and Nippon Life India AMC gained as much as 3.5% on Tuesday after SEBI proposed easing regulatory norms for mutual fund business operations. Read more Sensex Today | Stock Market LIVE Updates:J&K Bank shares rise 3% as ace investor Mukul Agrawal picks up 1.3% stake in Q1FY25 Shares of Jammu & Kashmir Bank jumped 3.3% to hit a high of Rs 114.95 on the BSE on Tuesday after renowned investor Mukul Mahavir Agrawal acquired a 1.27% stake—around 1.4 crore shares—in the June 2024 quarter, adding the lender to his portfolio. Read more Sensex Today | Stock Market LIVE Updates: Titan tumbles 5% after Q1 business update fails to impress D-Street Titan shares dropped 4.8% to an intraday low of Rs 3,490.95 on Tuesday after its Q1FY26 business. While the lifestyle major posted 20% YoY growth in its consumer business, the market reacted negatively to the overall performance. Read more Sensex Today | Stock Market LIVE Updates: Rupee rises 23 paise to 85.71 against US dollar in early trade Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex drops over 50 pts, Nifty below 25,500; DRL falls 2%, Kotak Bank gains 4% Stock Market LIVE Updates: Sensex slips over 100 pts in pre-open session, Nifty tests 25,450 Sensex Today | Stock Market LIVE Updates: HDFC Bank backs ₹532 crore Adani SPV bond issue with anchor investment HDFC Bank has emerged as both the arranger and anchor investor in a ₹532 crore unsecured NCD issue by Adani Energy Solutions' SPV, WRSS XXI (A) Transco. The bank has committed ₹159.6 crore in the long-tenor bonds, which carry a 7.70% coupon and mature in March 2043. The issue has AAA ratings from Crisil and ICRA. Read more Sensex Today | Stock Market LIVE Updates: Nifty 50 Q1 earnings seen up 4.6% YoY amid uneven sector performance Nifty 50 companies are projected to post a 4.6% year-on-year rise in net profit and a 4.5% uptick in revenue for Q1FY26. This would mark the first single-digit profit growth in nine quarters, with weak showings expected from names like Tata Motors, IndusInd Bank, and Coal India. Read more Sensex Today | Stock Market LIVE Updates: Samsung warns of 56% Q2 profit slump, cites US curbs on AI chip sales to China Samsung Electronics expects a sharper-than-anticipated 56% drop in Q2 operating profit, attributing the slide to U.S. restrictions on advanced AI chip exports to China. Analysts also pointed to delays in delivering high-bandwidth memory (HBM) chips to major client Nvidia as a key factor behind the miss. Sensex Today | Stock Market LIVE Updates: J&K Bank shares in spotlight as Mukul Agrawal picks up 1.3% stake in Q1 Shares of Jammu & Kashmir Bank are set to be in focus after ace investor Mukul Mahavir Agrawal acquired a 1.27% stake — around 1.4 crore shares — in the June 2024 quarter. The bank also posted a solid Q1FY26 business update, reporting a 9.5% year-on-year rise in total business to ₹2.49 lakh crore. Sensex Today | Stock Market LIVE Updates: Sebi to tighten surveillance to curb derivatives market misuse Sebi plans to strengthen its surveillance mechanisms to curb manipulation in the derivatives segment, chairman Tuhin Kanta Pandey said on Monday. The move follows the regulator's action against US-based Jane Street for allegedly using large derivative positions to distort indices and book unlawful gains. Read more Sensex Today | Stock Market LIVE Updates: Mphasis, Pfizer among 7 stocks to trade ex-dividend on Wednesday Shares of companies including Mphasis and Pfizer will trade ex-dividend on Wednesday, July 10. This marks the final day for investors to buy these stocks to be eligible for the announced dividends, with July 9 set as the official record date by the respective boards. Read more Sensex Today | Stock Market LIVE Updates: Glen Industries IPO opens today: GMP, price band, key details Glen Industries' IPO opens for subscription on July 8, aiming to raise Rs 63.02 crore via a fresh issue of 64.96 lakh equity shares. The BSE SME-bound IPO has set a price band of Rs 92–97 per share. Market buzz remains strong, with a GMP of Rs 25–26, suggesting a 26% premium over the upper band. Read more Sensex Today | Stock Market LIVE Updates: Oil dips as markets weigh US tariffs, OPEC+ supply boost Oil prices edged lower on Tuesday, pulling back after a near 2% surge in the previous session, as traders evaluated the impact of fresh U.S. tariffs and a larger-than-expected production hike by OPEC+ for August. Brent crude slipped 21 cents to $69.37 a barrel, while WTI dropped 24 cents to $67.69. Read more Sensex Today | Stock Market LIVE Updates: Gold steady as Trump's tariff shock offsets pressure from rising yields Gold prices held firm on Tuesday after U.S. President Donald Trump unveiled steep new import tariffs from Japan, South Korea, and other nations. However, gains were limited as rising U.S. Treasury yields weighed on investor appetite. Spot gold slipped 0.1% to $3,331.89 per ounce, while U.S. gold futures remained flat at $3,341.80. Read more Sensex Today | Stock Market LIVE Updates: Wall Street slides on tariff shock; Musk's political move weighs on Tesla U.S. markets closed sharply lower Monday as investor sentiment took a hit from President Donald Trump's announcement of steep tariffs on Japan, South Korea, and other key trade partners. Adding to the pressure, Tesla shares tumbled after CEO Elon Musk revealed plans to launch a new political party in the U.S., raising fresh uncertainty around the EV giant. Read more Sensex Today | Stock Market LIVE Updates: Titan in focus after Q1 update; consumer biz grows 20% YoY Titan Company shares will be on investors' radar on Tuesday after the firm reported a 20% year-on-year growth in its consumer business for Q1FY26. Its domestic jewellery segment rose 18% YoY despite muted consumer sentiment due to volatile gold prices. Sensex Today | Stock Market LIVE Updates: Yen slips to 2-week low as Trump slaps 25% tariffs on Japan, Korea The yen weakened sharply on Tuesday, sliding to a two-week low of 146.44 against the dollar, after former U.S. President Donald Trump announced 25% tariffs on imports from Japan and South Korea. Meanwhile, the Korean won edged higher by 0.4% to 1370.20 per dollar, though sentiment remained cautious across the region. Sensex Today | Stock Market LIVE Updates: FOREX news The euro rose 0.3% to $1.1747 The Japanese yen was little changed at 145.95 per dollar The offshore yuan was little changed at 7.1740 per dollar Sensex Today | Stock Market LIVE Updates: Global market update S&P 500 futures were little changed as of 9:53 a.m. Tokyo time Japan's Topix rose 0.2% Australia's S&P/ASX 200 was little changed Euro Stoxx 50 futures fell 0.1% Global Market LIVE Updates: Asian shares edge up as Trump open to tariff talks Asian markets edged higher after President Trump signaled the possibility of further negotiations, even as new tariff rates were imposed on countries like Japan and South Korea. The MSCI Asia-Pacific index recorded a mild gain, with Japanese and South Korean stocks leading the advance. Sensex Today | Stock Market LIVE Updates: Stocks in news: Titan, J&K Bank, Tata Motors, M&M, JSW Infra In today's session, stocks such as Titan, J&K Bank, Tata Motors, M&M, and JSW Infra will be in focus amid key news developments and the release of their first-quarter results. GIFT Nifty LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 2.50 points, or 0.01 per cent, at 25,513.50, signaling that Dalal Street was headed for muted start on Tuesday. Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday Indian benchmark indices, Sensex and Nifty, ended flat on Monday as gains in consumer and oil & gas stocks were offset by declines in financial and IT shares. Investor sentiment stayed cautious amid growing uncertainty surrounding the July 9 U.S. tariff deadline. Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock market action on Tuesday Indian markets ended flat on Monday, with gains in consumer and oil & gas sectors neutralized by losses in financial and IT stocks. Investor sentiment remained subdued amid increasing uncertainty ahead of the July 9 U.S. tariff deadline. Read more
Business Upturn
23-06-2025
- Business
- Business Upturn
Meghna Infracon signs development agreement for residential redevelopment project in Prabhadevi, Mumbai
By Aman Shukla Published on June 23, 2025, 08:38 IST Meghna Infracon Infrastructure Limited has executed a Development Agreement for the redevelopment of a residential project located in the Dadar/Prabhadevi area. The project will cover a construction area of approximately 31,000 sq. ft. The redevelopment is estimated to generate a revenue of around ₹80 crore and marks the company's entry into the Dadar/Prabhadevi micro-market. Meghna Infracon has previously delivered residential projects in the Western suburbs of Mumbai, including locations like Goregaon and Andheri. Planned for launch in calendar year 2025, the new project will be a sea-facing and city-facing residential development. It is located near Shivaji Park and Prabhadevi Station, with schools, colleges, hospitals, and retail centres within a 2 km radius. The project also offers connectivity to nearby business districts and recreational facilities. Speaking on the announcement, Mr. Vikram Jayantilal Lodha, Managing Director of Meghna Infracon Infrastructure Limited, said, 'This development is a part of our strategy to focus on fast-growing aspirational segments of the real estate market. Dadar/Prabhadevi has great connectivity and accessibility. This agreement aligns with our expansion strategy and helps us enter one of the growing micro markets in the city.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
06-05-2025
- Business
- Mint
Multibagger stock jumps 7% after announcement of Q4 results 2025 date, bonus shares, dividend
Meghna Infracon share price jumped over 7% to hit a 52-week high on Tuesday after the company announced the date for its Q4 results 2025, bonus shares and dividend. Meghna Infracon shares rallied as much as 7.09% to a high of ₹ 1,000 apiece on the BSE. The board of directors of Meghna Infracon Infrastructure is scheduled to meet on 21 May 2025, Wednesday, to consider and approve the standalone and consolidated financial results of the company for the quarter and year ended 31 March 2025. The company's board will also consider the proposal of issuance of fully paid bonus equity shares to the existing equity shareholders of the company, Meghna Infracon Infrastructure said in a stock exchange filing on May 6. Additionally, the board, in its meeting, will also consider and declare a dividend for FY 2024-25, the company adde. Meanwhile, the trading window for Meghna Infracon Infrastructure shares for designated persons will remain closed till 48 Hours after declaration of Q4 results 2025. 'Further pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code for Prevention of Insider Trading, the Trading Window for dealing in Securities of the Company has already been closed from 1 April, 2025 till 48 Hours after declaration of the aforesaid Financial Results of the Company,' Meghna Infracon Infrastructure said. Meghna Infracon Infrastructure share price has rallied 20% over the past month and 40% in the last three months. The small-cap stock has surged 53% in six months and delivered multibagger returns of 256% over the past year. Over a five-year period, Meghna Infracon share price has delivered an exceptional return of 7,000%. At 11:00 AM, Meghna Infracon Infrastructure share price was 5.49% trading higher at ₹ 985.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 6 May 2025, 11:00 AM IST
