Fri, Feb 2, 2024 12:06 PM
HUDCO, NBCC zoom up to 16% to fresh highs on budget boost to housing
A Flip by Avya Verma
Sebi has instructed credit rating companies to obtain a no-objection certificate from RBI or another central authority before rating unlisted bonds, corporate deposits, and debt papers sold when banks and non-banks securitize loans. Sebi has not issued a formal circular, but regulatory position was conveyed to rating firms, leaving ratings in limbo.
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Stock Market Today: Hindustan Zinc share price declined more than 7% in the morning trades on Wednesday. Offer for sale for 2.5% stake sale by the government starts today. The floor price set by the government is almost 10% lower than the previous close. Hindustan Zinc share price opened at ₹520.85 on the BSE on Thursday. almost 7 percent lower than the previous closing price of ₹559.45.
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Titan shares are in focus on Wednesday after the company reported that its consolidated profit for the quarter ended September 2024 fell 23.1% to Rs 704 crore year-on-year (YoY) mainly due to impact of customs duty reduction. During the quarter, Titan's total income rose 26% YoY to Rs 13,660 crore. The profit figure was lower than Street estimates of Rs 900 crore as reflected in a poll by ET Now.
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